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Exclusive: US Treasury to consult with insurance regulators on private credit lenders, sources say ReutersFirst Treasury meeting with regulators expected to be announced as soon as Wednesday; meeting's outcome will inform direction of regular future meetings - sources marketscreener.comU.S. Treasury in coming weeks will begin series of meetings with domestic and international insurance regulators on recent developments in private credit markets - sources marketscreener.com
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Dow futures fall 300 points as Wall Street braces for U.S. ground assault on Iran and Houthi attacks FortuneGlobal Energy Markets Brace as US Military Surges into Middle East streamlinefeed.co.ke^GSPC Today: March 26 - 82nd Airborne Buildup Lifts Oil Risk MeykaDow Rebounds After 400-Point Drop As Reports Flag Marine Deployment On Trump's Iran Deadline stocktwits.com
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Global markets are under pressure again amid doubts that the fighting in the Middle East can end anytime soon.
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Oil prices soar in the U.S.-Iran war, leading to volatility in emerging markets, and showing how concentrated EM funds are in Asian economies.
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Stocks capped off a terrible week with another slide as a warning from one of Wall Street's bellwether firm's stoked concern about the U.S. economy.
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After Thursday's close, delivery giant FedEx (FDX, -21.4%) - whose financial results are often seen as a read on broader economic conditions - issued preliminary fiscal first-quarter earnings and revenue figures that were well below estimates. The company cited a recent acceleration in "global volume softness," and specifically pointed to "macroeconomic weakness in Asia and service challenges in Europe." FDX also withdrew its outlook for the full fiscal year, and said it is initiating several cost-cutting measures to offset the effects of lowered demand, including deferring staff hiring, closing 90 FedEx office locations and ending Sunday operations for several FedEx Ground locations. The company is slated on the earnings calendar to report its full quarterly results after next Thursday's close.
Wall Street's nerves were already frayed ahead of FedEx's financial warning, as this week's red-hot inflation reading all but assured another large rate hike from the Federal Reserve at next week's meeting. But an additional contributing factor to this week's massive volatility is likely today's quadruple-witching options expiration, which is when index futures, index options, stock options and individual-stock futures all expire at once. This happens four times a year - on the third Friday in March, June, September and December - and sometimes leads to heavy volume and erratic moves in
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