AUSTRALIAN DOLLAR FORECAST: BEARISH The Australian Dollar may have to deal with a relatively dovish RBA Interest rate differentials and commodities are working against the Aussie If the Fed kicks in a jumbo hike this week, will AUD/USD go lower? Recommended by Daniel McCarthy Trading Forex News: The Strategy The Australian Dollar appears captive to...Read More

By Aarthi Swaminathan Housing markets in some big cities are most vulnerable to declines if there’s a downturn, a report from Attom Data Solutions says. If a major downturn hits the U.S. economy, homes in counties in New York City, Chicago, and Philadelphia are the most vulnerable to declines, according to a new report. According...Read More

Stubbornly high inflation has Wall Street worried that the Federal Reserve will respond by raising interest rates until the United States tumbles into recession, taking the weakening global economy with it. While analysts say the U.S. economy grew in the third quarter, signs of trouble are multiplying, here and abroad. Higher mortgage rates are chilling...Read More

The United States on Friday took a big step toward launching a central bank digital currency (CBDC). The Treasury Department recommended moving forward on development of a CBDC as part of the White House’s first-ever comprehensive framework on the responsible development of digital assets. The framework follows US President Joe Biden’s March executive order in...Read More

Home Depot’s business has remained strong even as turbulent economic conditions pinch consumers’ wallets, CEO Ted Decker told CNBC’s Jim Cramer on Friday. His comments were in response to Cramer questioning him about whether he has seen the same signs of recession that FedEx CEO Raj Subramaniam warned of on Thursday’s “Mad Money.” “Our consumer,...Read More

Americans are going to feel “some pain” because of a slowing economy, the Federal Reserve has warned. But what the Fed won’t do is predict a painful recession. The central bank is set to jack up U.S. interest rates again next week as it tries to stamp out the highest inflation in four decades. At...Read More

Happy Black Wednesday Friday Margaret Thatcher always used to say that “you can’t buck the markets.” Having in 1990 been dragged very much against her will into joining the exchange rate mechanism of the European Monetary System (in which other EU currencies traded in a fixed band around the deutsche mark in what was intended as...Read More

August was marked by extremely hot temperatures in parts of China, prompting temporary power rationing in some regions. Pictured here on Aug. 24, 2022, is the central city of Chongqing’s skyline with the lights partially turned off to conserve energy during the heatwave. Vcg | Visual China Group | Getty Images BEIJING — China reported...Read More

VettaFi’s Tom Lydon appeared on Fox Business with Liz Claman to discuss the strength of the dollar and the unusual markets, which have been closing at their lowest levels since mid-July. With the markets taking a series of blows throughout the week, Claman asked Lydon which ETFs had a shot at performing well amid the...Read More

U.S. stocks rose in choppy trading on Thursday as investors mulled over several economic reports that showed a muddy picture of the U.S. economy. The Dow Jones Industrial Average ticked up 84 points, or 0.3%. The S&P 500 added about 0.2%, and the Nasdaq Composite gained 0.2%. Financial stocks outperformed, with Goldman Sachs rising 1.8%...Read More