Nasdaq adds 1% as bond yields slip, Wall Street considers recession risk

The Nasdaq Composite added 1% as bond yields slipped, and Wall Street continued to weigh recession risks. The Dow Jones Industrial Average rose 37 points, or 0.1%. The S&P 500 gained 0.4%. The tech-heavy Nasdaq outpaced the other averages as market participants continued to mull over the likelihood of an economic downturn, and as the … Read more

Stock futures fall after markets claw back some losses

US stock index futures fell overnight Tuesday after the major averages jumped in regular trading hours, attempting to claw back some losses following weeks of selling. Futures contracts tied to the Dow Jones Industrial Average slipped 185 points or 0.61%, while S&P 500 futures declined 0.63%. Nasdaq 100 futures dipped 0.63%. During regular trading Tuesday, … Read more

Orlando Bravo warns there’s ‘more pain to come’ for the tech sector

Private equity boss Orlando Bravo has a somber warning for the technology industry. “I think there’s more pain to come,” Bravo, founder of buyout firm Thoma Bravo, told CNBC’s “Squawk Box Europe” Thursday. For years, the tech sector has led the stock market, with the likes of Apple and Microsoft becoming some of the most … Read more

RBA interest rate rise: What huge US spike means for Australia

America has bumped interest rates up in the sharpest rise in almost three decades, leading to concerns that Australia could follow suit. Australians worried about rising interest rates may have noticed some concerning news emerging from America this morning as the US Federal Reserve bumped rates by 0.75 per cent amid surging inflation. The hike … Read more

Stock futures rise after Fed raises rates by most since 1994

US stock index futures jumped during overnight trading on Wednesday after the Federal Reserve implemented the largest interest rate hike since 1994. Futures contracts tied to the Dow Jones Industrial Average added 0.58% or around 170 points. S&P 500 futures were up 0.74%, while Nasdaq 100 futures advanced 0.77%. The major averages ended Wednesday’s session … Read more

Stock futures rise as investors brace for a big Fed rate hike

Stock futures rose in early morning trading on Wednesday as investors anxiously awaited the Federal Reserve’s aggressive action to tame surging inflation. Futures on the Dow Jones Industrial Average were up 170 points, or 0.6%. S&P 500 futures edged up 0.7% and Nasdaq 100 futures jumped 0.8%. The S&P 500 suffered a five-day losing streak … Read more

Cryptocurrency markets tumble wiping billions

Billions of dollars have been wiped from cryptocurrency markets this week, affecting thousands of Australians’ investments. The price of popular cryptocurrencies tumbled this week, shedding a combined $US300 billion ($A434 billion) from markets. As some wealthy investors reported individual losses of their own in the billions of dollars, hundreds of staff members were laid off … Read more

ASX 200 plunging more than 5 per cent as global stock markets are smashed

Australian stocks are plunging deeply into the red today as global markets are smashed and fears grow over a worldwide recession. Australian stocks are plunging deeply into the red today as global markets are smashed and fears grow over a worldwide recession. The top 200 companies on the Australian stock exchange have plunged by just … Read more

ASX 200 tipped to plunge more than 4 per cent as global stock markets are smashed

Australian stocks are expected to plunge deeply into the red today as global markets are smashed and fears grow over a worldwide recession. Australian stocks are expected to plunge deeply into the red today as global markets were smashed overnight and fears grow that efforts to control inflation could lead to a worldwide recession. Wall … Read more

Binance resumes bitcoin withdrawals after ‘stuck transaction’ issue

The logo of cryptocurrency exchange Binance displayed on a smartphone with the word “cancelled” on a computer screen in the background. Budrul Chukrut | SOPA Images | LightRocket via Getty Images Binance on Monday morning temporarily paused bitcoin withdrawals “due to a stuck transaction causing a backlog.” A tweet from Binance founder and CEO Changpeng … Read more