Tech Stocks’ Biggest Weekly Rout Since 2022 Roils Markets

Apr 19, 2024 | Markets

US equities sold off sharply on Friday, sending tech stocks to the biggest weekly loss in 17 months, due to tensions in the Middle East and worries over the outlook for interest rates. The S&P 500 index closed down 0.9%, dropping for the sixth straight session and...

P&G Slips as Slow Sales Growth Offsets Higher Profit Outlook

Apr 19, 2024 | Markets

Third-quarter sales missed estimates and volumes were flat Company says productivity gains are bolstering profitability Procter & Gamble Co. sank on Friday after the maker of Pampers diapers and Dawn dish soap reported quarterly sales that fell short of Wall...

Vanguard Warns 10-Year Treasury Yields Risk Jump Back to 5%

Apr 18, 2024 | Markets

Move past 4.75% may set disorderly selloff in motion Traders are pushing back bets on start of Fed easing cycle The Treasury market is nearing levels that risk triggering a large selloff, pushing yields on 10-year bonds back to 5%, according to Vanguard. “We are in a...

South Africa Inflation Eases, Unlikely to Trigger Rate Cut

Apr 17, 2024 | Markets

Consumer price index rose annual 5.3% in March; est. 5.4% Central bank governor remain wary of prcing pressure South Africa’s inflation rate dipped to a two-month low in March, but that is unlikely to persuade policymakers to cut borrowing costs as the drop is...