Not since 1788, the year before founding of the Treasury, have US bonds fallen so much, according to a calculation by Deutsche Bank AG strategists.
Fed will deliver 75-basis-point rate hike in July, followed by half-percent-point rise in Sept., won't scale back to .25 till Nov. per Reuters poll.
Over past few months, seemingly random foods have become wildly expensive or hard to find. A sign that world supply chains are still under pressure.
President Biden singled out ExxonMobil for reaping big profits as a result of high oil and gas prices.
The S&P 500 now implies an 85% chance of a US recession amid fears of a policy error by the Federal Reserve.
Quincy Krosby couldn’t wait for trading session to be over. It was one of those days with losses so gigantic that looking at stocks wasn't enough.
The MSCI World Retailing Index is on track for its first negative year since 2008. The gauge was down about 29% in 2022.