Latest Market News
Blockchain is no longer a buzzword being thrown around by mainstream institutions as meaningful and fully-working pilots and programs come to the fore at Blockchain Expo Europe 2022 in Amsterdam. Before the COVID-19 pandemic, a number of mainstream companies from various industries started to explore ways blockchain technology could be used to improve processes and products. […]
U.S. stocks remained lower in the final half-hour of trade Wednesday after sinking to new session lows. Major indexes saw big swings, giving up gains to trade lower after the Federal Reserve raised the fed funds rate by 75 basis points as expected but pointed to a higher peak in rates than anticipated next year. […]
Faraday Future Intelligent Electric Inc. FFIE, -5.06% said Wednesday its planned flagship electric SUV, the FF 91, got a rating of 381 miles of range from the EPA. The rating is a “significant increase” from the company’s previous estimates, Faraday said. Completing the certification was “a huge step in getting this car in the hands […]
Oil futures declined on Wednesday, with U.S. benchmark prices settling down by more than 1%. The Federal Reserve said Wednesday that it would raise its benchmark federal-funds rate by 0.75 percentage point, and said rates are going to move sharply higher before the end of the year. “Higher rates are restrictive in nature, and likely […]
Gold futures settled higher on Wednesday, then moved lower in electronic trading following the Federal Reserve’s decision to raise the fed funds rate by 75 basis points to the 3% to 3.25% range. The central bank also penciled in another 125 basis points in rate hikes by year-end. The U.S. dollar strengthened and Treasury yields […]
U.S. stocks gave up gains to turn lower Wednesday afternoon after the Federal Reserve, as expected, raised its fed funds rate by 75 basis points, while also signaling that rates would remain higher for longer as the central bank attempts to get a grip on persistent inflation. The Fed’s so-called dot plot showed an expectation […]