McDonald's Holdings Co. Japan Ltd. will raise its menu prices for the second time this year. What Happened: The fast-food chain is set to hike the price of about 60% of its products by 10 to 30 yen from Sept. 30, reported Bloomberg, citing a company statement. The move comes in the wake of Japan witnessing its highest inflation in decades coupled with a weakening currency.
"Big Short" fame investor and hedge fund manager Michael Burry has yet again sounded the alarm on white-collar jobs burgeoning unsustainably amid a falling market and fears of an economic recession. What Happened: Burry, late on Sunday, tweeted that the "white collar employment bubble is bursting right before our eyes."
The sterling pound fell to a record low against the dollar on Monday, dropping to as low as $1.0327 during morning trade before recouping the $1.05 level. What Happened: Investors and traders were spooked as Britain's new Chancellor of the Exchequer Kwasi Kwarteng announced the biggest package of tax cuts in 50 years last week in what has been dubbed the "mini-budget".
Although interest rates are rising, it doesn't mean savvy investors cannot earn positive returns on real estate investment trusts. With interest rates on the rise and the technology sector down nearly 34% year-to-date, tech companies may look to data center REITs for the funding of new properties.
While appearing on CBS's "Face The Nation" on Sunday, Raphael Bostic, the president of the Federal Reserve Bank of Atlanta, reaffirmed the Fed's commitment to reaching a 2% inflation rate. What Happened: Bostic reiterated the messaging from Fed Chair Jerome Powell, and stated that "inflation is high, it is too high, and we need to do all we can to make it come down."
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.
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?
Markets are reacting poorly to newly announced Fed measures this week to raise interest rates, fanning fears of a global recession that is becoming more palpable.
Bitcoin and Ethereum are trading lower by 3.96% to $18,630 and 3.29% to $1,283 Friday afternoon. Ongoing expectations of further Fed actions to curb inflation are continuing to weigh on riskier assets as well as speculative inflationary hedge assets. What Happened?
Apple Inc shares are trading lower by 2.56% to $148.83 during Friday's session. What Happened? The Federal Reserve raised 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.
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