The stock market could be due for a nasty selloff, judging by these two signals
A jump in bond-market anxiety coupled with a selloff in financial stocks may mean a serious shock to markets, according to Bank of America.
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Read the Memo: Starbucks Is Closing 250 Underperforming Stores
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Walmart and Target are about to reveal the health of the U.S. consumer
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Imagine landing at an international airport with enough money in your bank account but being unable to buy food, withdraw cash or even access an airport lounge because your debit card has been blocked without your knowledge. That is what happened to a Federal Bank customer, prompting the Ernakulam District Consumer Disputes Redressal Commission in…
Latest inflation surprise could spur Fed hike and keep mortgage costs high
A 25-basis-point hike – which would follow a quarter-point increase when the Fed last met – could have significant consequences for mortgage holders and shoppers. “For prospective homebuyers, the hotter-than-expected reading raises the likelihood of another Federal Reserve rate hike in October, potentially delaying much-needed mortgage-rate and affordability relief,” First American senior economist Sam Williamson…
