Stock Market Today – 8/25: Stocks Extend Gains, Dollar Slides, With Jackson Hole In Focus
U.S. stocks extended gains Thursday, while a softer U.S. dollar helped pulled Treasury bond yields modestly lower, as investors looked to the start of the Fed’s Jackson Hole symposium and…
China detains alleged bank fraud ‘gang’ after protests against financial corruption turned violent
Members of a “criminal gang” accused of taking control of local banks have been arrested in central China after rare protests over alleged financial corruption sparked violent clashes between customers…
Runaway inflation, rising U.S. rates…, European stock markets fall sharply
The mood was not good this Thursday for the European stock markets. Paris (-1.93%), Frankfurt (-1.82%), Milan (-1.52%) and London (-1.97%) fell on Thursday around 4 pm, erasing a large…
Stock market valuation: the oil company Aramco takes back its crown from Apple
While Apple opened 2022 with a bang by breaking through stratospheric stock market value levels at the peak of the Wall Street bull market, the pendulum swung back in the…
Split payment: Klarna’s valuation drops 85% to $6.5 billion
According to the Wall Street Journal, the Swedish fractional payments giant is close to closing a new round of financing that would increase its valuation from $45.6 billion last year…
Inflation, rising rates, fear of recession: the explosive cocktail that shook the financial markets in June
While there is no panic yet in equities, the bond markets have been particularly hard hit, both in terms of interest rates and credit. Investors now seem more concerned about…