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Economics News Results

  • Just DON'T Do it! As The Dollar Get Stronger, Nike's Earnings Get Weaker

    The U.S. Dollar Index, which measures the strength of the dollar against a host of major currencies, is reaching 20-year highs and that's bad news for businesses like Nike Inc, which releases earnings on Thursday. First, a little insight. When the U.S. dollar gains strength in relation to other currencies, the U.S. Dollar Index rises.

  • Will The S&P 500 Plunge To 2,000? Fed's Decision Sparks 2008 Flashbacks And Bearish Predictions Into 2023

    Professor of applied economics at Johns Hopkins University, Steve Hanke, made a bold prediction on CNBC's Street Signs Asia on Friday. Despite a CNBC survey, which polled economists, fund managers and strategists, projecting a 52% chance that a recession will grip the U.S. over the next 12 months, Hanke sees a recession in 2023 as far more likely.

  • Why Apple Shares Are Falling Friday

    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.

  • S&P 500 Circles New 2022 Lows Following Latest Fed Rate Hike: Is A Recession Inevitable?

    The SPDR S&P 500 ETF Trust suffered more heavy losses this week in response to another aggressive Federal Reserve interest rate hike, and the S&P 500 index is approaching a retest of its 52-week low of 3,636 back in June as Friday's market close approaches. Investors are becoming increasingly concerned the Fed will be unable to get inflation under control without triggering a U.S. recession.

  • Why Starbucks Shares Are Falling

    Starbucks Corporation shares are trading lower by 3.91% to $85.14 Thursday morning amid possible recession fears, which could cause consumers to cut back on non-essential spending.

  • Why Disney Shares Fell Today

      Walt Disney Co fell by 2.86% to $104.49 Wednesday as the market reacted to the Fed's decision to hike rates by 75 bps. 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.

  • Why Exela Technologies Shares Fell Today

      Exela Technologies Inc fell by 8.80% to $0.56 during Wednesday's trading session as the market reacted to the Fed's decision to hike rates by 75 bps. 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.

  • Why Apple Shares Are Falling Wednesday

    Apple Inc  shares are trading lower by 1.66% to $154.29 going into the close of Wednesday's trading session as the market reacts to the Fed's decision to hike rates by 75 bps. 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.

  • Why Amazon Shares Are Diving

    Amazon.com, Inc. shares are trading lower by 2.17% to $119.54 Wednesday afternoon as the market reacts to the Fed's decision to hike rates by 75 bps. 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.

  • Federal Reserve Issues Third Straight 0.75% Interest Rate Hike: What It Means For The Struggling Stock Market

    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. "Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher food and energy prices, and broader price pressures," the Fed said in a statement.

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