fears

The Dow is soaring as Big Tech tumbles: What that says about the Fed, recession fears, and the path ahead for stocks

The Dow is soaring as Big Tech tumbles: What that says about the Fed, recession fears, and the path ahead for stocks

The past week offered a tale of two markets, with gains for the Dow Jones Industrial Average putting the blue-chip gauge on track for its best October on record while Big Tech heavyweights suffered a shellacking that had market veterans recalling the dot-com bust in the early 2000s. “You have a tug of war,” said …

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Investor fears about Xi's new leadership team 'may be misguided'

Investor fears about Xi’s new leadership team ‘may be misguided’

Li Qiang, likely to become the next premier, is pictured here speaking at a major annual financial conference in Shanghai in 2020. Bloomberg | Bloomberg | Getty Images BEIJING — Chinese stocks’ plunge on Monday over fears about China’s new leadership team “may be misguided,” consulting firm Teneo said. Chinese stocks in Hong Kong and …

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Hong Kong stocks plunge 6% as fears about Xi's third term trump China GDP data |  CNN Business

Hong Kong stocks plunge 6% as fears about Xi’s third term trump China GDP data | CNN Business

Hong Kong CNN Business — Hong Kong stocks had their worst day since the 2008 global financial crisis, just a day after Chinese leader Xi Jinping secured his iron grip on power at a major political gathering. Foreign investors spooked by the outcome of the Communist Party’s leadership reshuffle dumped Chinese equities and the yuan …

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Kroger-Albertsons merger raises fears of store closures; here’s where the chains compete in Oregon

The 2002 closure of the Fred Meyer grocery store serving Rockwood was a blow to the Gresham neighborhood, leaving a hole in its center and one less option for groceries. The next hit came in 2015, when a merger between the Albertsons and Safeway brands resulted in the closure of a Safeway store nearby. That …

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ASX set to slump as Wall Street sinks on recession fears

ASX set to slump as Wall Street sinks on recession fears

Employers added 263,000 jobs last month. That’s a slowdown from the hiring pace of 315,000 in July, but it’s still more than the 250,000 that economists expected. Also discouraging for investors was that the unemployment rate improved partly for the wrong reasons. Among people who aren’t working, fewer than usual are actively looking for jobs. …

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UN urges Fed to pause interest rate hikes on global recession fears

UN urges Fed to pause interest rate hikes on global recession fears

Wilmington Trust chief economist Luke Tilley and Fitz-Gerald Group principal Keith Fitz-Gerald debate how the stock market will perform in Q4 and if the Fed will keep raising rates on ‘The Claman Countdown.’ The Federal Reserve and other major central banks risk triggering a painful global recession followed by a period of stagnation with such …

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STOCK MARKET NEWS: Dow breaks below 30K level as recession fears rise, oil off 7% for week

STOCK MARKET NEWS: Dow breaks below 30K level as recession fears rise, oil off 7% for week

Trump-linked SPAC merger loses support from PIPE investors Investors are pulling out of the deal by Digital World Acquisition to combine with Trump Media & Technology Group, a regulatory filing said. The moves come ahead of an October 10 special meeting of stockholders to approve the deal. The special purpose acquisition company (SPAC) said it …

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