Yahoo Finance 
Yahoo Finance Plus The Charts Are Ugly but Guess What Looks Good?
I'll tell you what looks good -- our chances of having a rally by some time next week. Let's check the Russell 2000, the indicators and sentiment.
I'll tell you what looks good -- our chances of having a rally by some time next week. Let's check the Russell 2000, the indicators and sentiment.
Credit Suisse shares plunged Monday after Swiss authorities cut a deal with its bigger rival UBS to acquire the troubled bank at a marked-down price. Shares of Credit Suisse, whose woes stem from questions over its internal controls, closed nearly 56% lower a day after UBS said it would buy its fellow Swiss bank for a lowball price of 3 billion Swiss francs ($3.25 billion).
But is China really that fragile?
The Euro initially gapped to the upside, before falling rather significantly to pierce the 50-Day EMA. After that, buyers came back in and picked it back up.
Job postings on hiring website Indeed have been declining since early in 2022, but the slide has steepened over the past few months.
The Fed's two-day policy meeting kicks off Tuesday with the central bank perhaps facing the most uncertain landscape in recent memory as rising interest rates stand in tension with a banking crisis that threatens economic growth.
The US dollar has pulled back a bit against the Japanese yen as traders are all over the place. Ultimately, this is going to be about interest rates more than anything else.
With the banking crisis rolling alone, recession risk comes back into focus.
The turmoil affecting the world's financial system was caused by "contagious bank runs", the US Treasury Secretary has said.
U.S. businesses in sectors ranging from manufacturing to technology are recalibrating after a period of rapid growth.
The Fed missed last year's inflation spike. Its actions since then have sown havoc in the banking sector and now threaten the whole economy.
The White House on Monday launched what it says will be a week-long offensive slamming Republicans over what it calls a “draconian” budget plan proposed by the right-wing House Freedom Caucus. House Republicans led by Speaker Kevin McCarthy have yet to roll out their official budget plan. Their blueprint has been delayed as the party reportedly struggles to find consensus on proposals to cut spending. But the White House is honing in on budget demands released this month by the House Freedom Cau
Crude prices dropped to 15-month lows after strains in the U.S. banking system sent tremors throughout financial markets and intensified fears of a broader economic slowdown. For now, some speculators have taken money off the table, evaluating how U.S. and European regulators react to financial stress on both sides of the Atlantic. After falling 13% last week, benchmark U.S. crude futures rallied Monday by 1.3%, to $67.64 a barrel.
Tighter financing conditions in markets sparked by banking sector turmoil may have done much of central banks' jobs for them, boosting the case for an end to interest rate hikes soon. Such moves, some economists estimate, are the equivalent of multiple rate hikes by the U.S. Federal Reserve. The Fed is tipped to raise rates by 25 basis points on Wednesday, compared with expectations of a 50 bps move earlier this month.
Digital proofs of ownership will be taxed like the underlying assets until rules on how to treat assets in retirement accounts are finalized
Powell's handling of the economy and banking regulations has left a lot to be desired for some critics.
The Federal Reserve used to send billions in remittances to the Treasury. Interest-rate increases have rapidly changed that, Allan Sloan writes.
Colombo has been in talks to receive financial assistance from the International Monetary Fund since last spring.
Like a salesman buttering up his best customer, President Vladimir Putin gushed about China's economic success as he welcomed Chinese leader Xi Jinping to the Kremlin. “We even feel a bit envious,” Putin said Monday as Xi grinned. China isn't just Moscow's diplomatic partner in opposing what they see as U.S. domination of global affairs.
Utah homebuilder Ivory Homes still has a pipeline of several hundred houses under construction, but CEO Clark Ivory isn't pulling permits for any more at this point, and in a year of retrenchment for the single-family home industry, he has laid off just under 10% of his workers. But don't look for that to be reflected in overall U.S. construction employment or spending data, a canary that is very much still breathing inside what would usually be the toxifying air of rising U.S. interest rates. While housing starts are falling, "there is still a fair amount of completion happening," Ivory said, adding that contractors can move on to other jobs once finished with his company's projects.
If we see the market down early this coming week, the Daily Sentiment Index for the S&P 500 is going to fall into the zone that says 'rally' and we should end up with a rally this week.