June 16, 2022
Wells Fargo believes the US will fall into recession after the Fed implements the biggest rate hike since 1994
Wells Fargo said the US economy will slide into recession in 2023 after the Fed raised interest rates by the highest since 1994.
June 2, 2022
Oil prices are falling after reports that Saudi Arabia may increase production if Russian production declines in the face of sanctions
EU leaders on Monday agreed to ban 90% of Russian oil by the end of the year as part of the bloc's sixth round of sanctions against Russia since its invasion of Ukraine. Initially, this led to an increase in oil prices.
May 18, 2022
Households spend roughly $5,000 a year on gasoline
Retail sales data for April, released on Tuesday, was surprisingly strong. On an annualized basis, retail sales for the month increased by 8.2%.
May 6, 2022
The dollar index changed little after reaching a new 20-year high
European stocks fell following the collapse on Wall Street.
April 22, 2022
Yen and yuan suffer as Fed rises faster
The dollar headed for the yen's seventh consecutive weekly gain on Friday and the Chinese yuan's best weekly advance in more than two years.
April 7, 2022
Gold stabilized due to inflation, Ukraine fears opposition to US rate hike bets
The Fed raised rates by 25 basis points since its March meeting, and minutes showed that the economic fallout from Russia's invasion of Ukraine in late February prevented a 50 basis point rate hike.
February 21, 2022
European stocks close lower on Russia-Ukraine tensions
The pan-European Stoxx 600 index was down 1.4%, initially trading higher at the start of the session. Cars fell 2.7% due to losses as all sectors and major exchanges went into the red.
February 9, 2022
SpaceX may lose up to 40 Starlink satellites due to a space storm
The company launched 49 Starlink satellites using a Falcon 9 rocket on Feb. 3. The launch was successful and delivered a batch of satellites into orbit, but the next day there was a catastrophe.
February 4, 2022
Biden Extends Trump's Solar Tariffs With Some Changes
The Biden administration said Friday that it would extend tariffs on solar energy imports for another four years, but there are changes designed to boost U.S. solar power generation.
January 24, 2022
Oil falls due to strong dollar and potential Fed rate hike
Brent rose more than $1 earlier in the session on concerns about tight supplies and heightened geopolitical risks in Europe and the Middle East.
January 12, 2022
Gold stabilizes as dollar retreats after US inflation data
US consumer prices rose in December, inflation was nearing its peak in four decades, making gold more attractive as an inflation hedge.
