|
Windows 10 support has ended, but here's how to get an extra year for free EngadgetMicrosoft accidentally breaks Windows 10 to Windows 11 upgrade using MCT ahead of EOL Windows LatestWindows 10: When you should update and what it means for you BBCGoodbye, Windows 10 — how a decade of 'progress' eroded users' command over their own machines Tom's Hardware
|
|
Trump demands Hamas disarm, as group moves against 'collaborators' in Gaza BBCTrump issues dire warning to Hamas: If they don't disarm ‘we will disarm them' Fox NewsTrump says U.S. will disarm Hamas if it does not do so itself The Washington PostRed Cross receives bodies of four more Israeli hostages; Trump says Hamas must disarm ‘or we will disarm them' - as it happened The Guardian
|
RELATED ARTICLES | | |
|
Stock rises toward an 18-year high, after bank's net interest income hits a record and CEO Brian Moynihan cites strength across the board.
|
|
Slowdown in US hiring suggests economy still needs rate cuts, Fed's Powell says AP NewsPowell Keeps Fed on Track to Lower Rates Again The Wall Street JournalFed's Powell addresses economy pulled between risks to growth, jobs and prices ReutersWith inflation and jobs in ‘tension,' Powell warns of the Fed's tightrope on interest rates CNN
|
|
Wednesday's selling carried into Thursday as investors continued to take a risk-off approach to markets following the Federal Reserve's latest policy announcement.
The central bank issued its third jumbo-sized rate increase yesterday and set expectations that it will continue to hike rates over its next few meetings. However, the Fed is not alone in its aggressive stance. Several global central banks have increased their benchmark rates this week in an ongoing effort to tame inflation, including the Bank of England and Switzerland's National Bank, which earlier today issued 50 basis point and 75 basis point rate hikes, respectively. (A basis point is one one-hundredth of a percentage point.)
SEE MORE 10 Best Marijuana Stocks to Buy Now
"Global equities are struggling as the world anticipates surging rates will trigger a much sooner and possibly severe global recession," says Edward Moya, senior market strategist at currency data provider OANDA. "Most of these rate hikes around the world are not done yet which means the race to restrictive territory won't be over until closer to the end of the year."
The reaction here at home was a selloff in bond prices, which sent yields on government notes spiking. The 10-year Treasury yield surged 19.2 basis points to 3.704% - its highest level since early 2011 - while the 2-year Treasury yield spiked 12.1 basis points to 4.116%, its loftiest perch since late 2007.
Sign up for Kiplinger's FREE Investing Weekly e-letter for stock, ETF and mutual fund recommendations, and other investing advice.
As for stocks, the tech-heavy Nasdaq Composite
|
|
