Friday's sell-off is not a buying opportunity, according to CNBC's Jim Cramer. "No panic. Let others panic. We'll profit Monday," he said Friday on "Squawk on the Street." The Dow Jones Industrial Average lost 800 points at the opening bell due to concerns over a new Covid variant. Friday's sharp decline for stocks, spurred by concerns over a new Covid-19 […]
» Read moreTest drive: 2022 Acura MDX Fox News Car Reviews: The 2022 Acura MDX is big on sport and utility says Fox News Autos Editor Gary Gastelu. 2021 has been a dark year for new car buyers. Despite production shortages automakers continue to roll out new models at events like the L.A. Auto Show. (Allen J. Schaben / Los Angeles Times […]
» Read moreSweden’s central bank left its key interest rate unchanged, as widely expected on Thursday, and signaled a rate hike in 2024. At the monetary policy meeting, the Executive Board of Riksbank decided to hold the repo rate at zero percent. The bank forecast a rate hike in the latter part of 2024. The board also decided to purchase bonds during […]
» Read moreAs demand returns since initial pandemic slump, central banks need to balance recovery and rising costs The world’s major central banks are scratching their heads over how to deal with the rising cost of living. Raising interest rates now could deal a blow to the post-pandemic recovery. Wait too long, and inflation may spiral out of control. United States If […]
» Read moreFox Business Flash top headlines for November 24 Check out what’s clicking on FoxBusiness.com. Concerned by the misuse of political advertising to undermine elections, the European Union on Thursday unveiled plans to help people better understand when they are seeing such ads online and who is responsible for them. The proposals, aimed at ensuring fair and transparent polls or referendums, […]
» Read moreWhile the plunge in Evergrande's shares has abated, the volatility in other Chinese real estate companies has continued this month. The consensus among economists is that the real estate slump is contained, since it's driven by a top-down government decision to limit reliance on debt in the property industry. Foreign investors say they are largely in the dark, rather than […]
» Read moreIt’s hard to say because of the winner-take-all nature of new platform and network businesses, but Reliance has not been an efficient user of capital, and Adani numbers are varied, observes T N Ninan. In a masterful presentation on the Indian economy, made recently at Brown University in the US, Arvind Subramanian, the former chief economic advisor, referred to the […]
» Read moreArt Laffer: Inflation is Biden’s problem now Former Reagan economic advisor Art Laffer weighs in after President Biden reappointed Jerome Powell as chair of the Federal Reserve. He also weighs in on rising grocery prices ahead of the holiday season. For months much of the media downplayed the effects of inflation and the supply chain crisis, with some even calling […]
» Read moreBLACK Friday is now just hours away – and the Airpods Pro have fallen to their cheapest price ever. You can pick up Apple's noise-cancelling earbuds with the MagSafe charger for £185 from Amazon, Very and John Lewis. Apple Airpods Pro with Magsafe charger, £185 (save £54) – Amazon / Very / John Lewis Just like last year, we've watched […]
» Read moreBiden announces release of oil from Strategic Petroleum Reserve Navellier & Associates founder Louis Navellier warns the plan is not a long-term solution to addressing soaring gas prices. Top oil producers Saudi Arabia and Russia are considering pausing their planned efforts to ramp up oil production, according to The Wall Street Journal, after the U.S. and other energy-consuming countries said […]
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