Global investors are preparing for more market mayhem after a monumental week that whipsawed asset prices around the world, as central banks and governments ramped up their fight against inflation. Signs of extraordinary times were everywhere. "It's hard to know what will break where, and when," said Mike Kelly, head of multi-asset at PineBridge Investments. Stocks plunged everywhere.
After powerful storm Fiona left a trail of destruction in Canada's east coast on Saturday, the focus shifted to massive clean-up efforts, damage assessment and restoration of power and telecom services as officials warned of a long road to recovery.
Grab, Southeast Asia's biggest ride-hailing and food delivery firm, does not envisage having to undertake mass layoffs as some rivals have done, and is selectively hiring, while reining in its financial service ambitions.
Philippine authorities started evacuating people from coastal areas on Sunday and hundreds were unable to travel by sea as the main island Luzon, including Manila, braces for a category 3 typhoon that continues to strengthen, officials said.
Benzinga has examined the prospects for many investors' favorite stocks over the past week, here's a look at some of our top stories. The Federal Reserve shook the markets this week, raising its target fed funds rate by 0.75% on Wednesday to a new range of between 3% and 3.25%, its third 0.75% rate hike in four months.
Rogers Communications Inc (RCIAF): * ROGERS SAYS AWARE OF POWER OUTAGES IMPACTING SERVICES IN PARTS OF ATLANTIC CANADA DUE TO HURRICANE FIONA - TWEET. * ROGERS COMMUNICATIONS SAYS AWARE OF POWER OUTAGES IMPACTING SERVICES IN PARTS OF ATLANTIC CANADA DUE TO HURRICANE FIONA - TWEET Source text: https://bit.ly/3UzD8I5.
The iShares MSCI United Kingdom ETF plummeted 5.3% on Friday after investors were not impressed by an aggressive series of tax cuts unveiled by the new U.K. government. What Happened?
Powerful storm Fiona ripped into eastern Canada on Saturday with hurricane-force winds, forcing evacuations, knocking down trees and powerlines, and reducing many homes on the coast to "just a pile of rubble in the ocean." The U.S. National Hurricane Center said the center of the storm, downgraded to Post-Tropical Cyclone Fiona, was now in the Gulf of St. Lawrence after racing through Nova Scotia.
Grace Melt made her first visit to the Nourishing Hope food pantry on Chicago's North Side in August. But this summer, the food stamps couldn't keep up with the grocery store's rising prices, sending her in search of a food donation for the first time. "It's definitely not enough.
Grace Melt made her first visit to the Nourishing Hope food pantry on Chicago's North Side in August. But this summer, the food stamps couldn't keep up with the grocery store's rising prices, sending her in search of a food donation for the first time. "It's definitely not enough.
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