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Bloomberg
Stocks Slide Deepens as Dollar Extends Advance: Markets Wrap
(Bloomberg) — Equities extended declines on Friday, with an index of global stocks on track for the worst week since June, while a gauge of the dollar soared to a fresh record, reflecting bets for outsize Federal Reserve interest rate hikes.Most Read from BloombergAdobe Near Deal for Online Design Startup Figma, Sources SayRay Dalio Does the Math: Rates at 4.5% Would Sink Stocks by 20%Putin Acknowledges Xi’s ‘Concerns’ on Ukraine, Showing TensionAdobe Tumbles After Deal to Buy Figma for About $
Yahoo Finance
Treasury urges SEC, CFTC crack down on crypto industry in wide-ranging new reports
The U.S. Treasury warning in three new reports that cryptocurrencies pose meaningful risks for consumers, investors, and businesses if not properly regulated. The government also recommended moving forward with work on central bank digital currency in the chance the U.S. decides to adopt it, but stopped short of recommending one.
TipRanks
‘Wait for the Year-End Rally,’ Says Morgan Stanley; Here Are 2 Stocks to Play That Bullish Outlook
After three months of highly volatile trading, which have seen the S&P 500 drop down toward 3,600, rally up to 4,300, and fall back down to 3,900, investors can be forgiven for feeling some whiplash. The question that needs answering, however, is where will the markets go from here? Morgan Stanley strategist Andrew Slimmon believes that investors shouldn’t worry too much about the bear case. Worse-than-expected inflation numbers for August may have pushed the markets into a tumble this week, but
Motley Fool
Prediction: These 3 Stocks Could Lead the Market Recovery
One good way to prepare is to consider investing in companies that may lead the market recovery. Recent economic problems have weighed heavily on one of Amazon’s (NASDAQ: AMZN) main businesses: e-commerce. Rising inflation means Amazon spends more money transporting goods.
TipRanks
‘Load Up,’ Says Jim Cramer About These 2 Real Estate Stocks
There was no good news in the August inflation numbers. While the annualized rate did fall slightly from July, from 8.5% to 8.3%, it came in higher than expected – and worse, the core CPI rate, rather than dropping, increased to 6.3%. Consumers are struggling, and their pain is real. But it’s not only consumers who are getting hit hard by inflation. Retailers are also feeling the strain, and they’re feeling it twice – from consumers, whose wallets are pinched and so are buying less, and from the
Reuters
Marketmind: About that ‘hurricane’..
The approaching economic ‘hurricane’ that JPMorgan boss Jamie Dimon warned about in June is starting to blow hard around the world and global markets are hunkering down again. In a stark business readout late Thursday, global delivery firm FedEx withdrew the financial forecast it issued just three months ago because it said the global demand slowdown had accelerated at the end of August and was on pace to worsen in the November quarter. Missing revenue and profit forecasts too, FedEx shares dropped 16% after the bell.
Bloomberg
Argentina to Hike Interest Rates to 75% as Inflation Nears 100%
(Bloomberg) — Argentina’s central bank raised its benchmark interest rate Thursday in a bid to prop up its currency and curb inflation nearing 100%.Most Read from BloombergAdobe Near Deal for Online Design Startup Figma, Sources SayRay Dalio Does the Math: Rates at 4.5% Would Sink Stocks by 20%Putin Acknowledges Xi’s ‘Concerns’ on Ukraine, Showing TensionAdobe Tumbles After Deal to Buy Figma for About $20 BillionPutin’s Options Narrow After Ukraine Scores Battlefield RoutThe central bank booste
Bloomberg
Germany Seizes Assets of Russian Oil Giant Rosneft
(Bloomberg) — Germany seized the local unit of Russian oil major Rosneft PJSC as Berlin moves to take sweeping control of its energy industry, secure supplies and sever decades of deep dependence on Moscow for fuel. Most Read from BloombergAdobe Near Deal for Online Design Startup Figma, Sources SayRay Dalio Does the Math: Rates at 4.5% Would Sink Stocks by 20%Putin Acknowledges Xi’s ‘Concerns’ on Ukraine, Showing TensionAdobe Tumbles After Deal to Buy Figma for About $20 BillionPutin’s Options
News Direct
Sustainable Facilities at FedEx
We strive to sustainably operate our more than 5,000 air and ground hubs, local stations, freight service centers, and retail locations through continued investments in efficiency, renewable energy…
The Wall Street Journal
FedEx to Close Offices, Park Aircraft After Warning of Sales Shortfall
The delivery giant said it would close offices, reduce Sunday ground operations and park some cargo aircraft after it warned of revenue shortfalls from declining package deliveries. Shares fell 15% after hours.
