Bond market prices in Fed U-turn as recession risks rise

Bond market prices in Fed U-turn as recession risks rise

The Federal Reserve has made clear it wants to raise interest rates to lower inflation without triggering large-scale job losses. But a rally in the bond market this week shows investors doubting the Fed’s ability to thread this needle. Friday’s trading session extended a week of falling yields as investors snatched up bonds; yields on … Read more

Coupang Could Make a Bigger Trading Bounce

Coupang Could Make a Bigger Trading Bounce

Coupang, Inc. (CPNG) is a South Korea-based e-commerce company founded by Bom Kim back in 2010 and it got a favorable nod by a sell side firm Friday. Let’s check out the charts and indicators.  In this daily bar chart of CPNG, below, we can see that prices were cut from $45 per share to only $10 … Read more

Two-thirds of Gen Z, millennials worried about inflation

Two-thirds of Gen Z, millennials worried about inflation

Soaring prices not seen since before Generation Z and millennials were born has many of them canceling travel plans and seeking second jobs, according to data exclusively obtained by The Post. The high gas prices and four-decade-high inflation are by far the biggest concerns for those between 18 and 40, the survey — by Mark … Read more

Some McDonald’s ditching dollar-drink promo over inflation

Some McDonald's ditching dollar-drink promo over inflation

Not even the dollar-drink specials on McDonald’s value menu are safe from the impact of inflation. A number of McDonald’s franchisees are opting to ditch a longstanding promotion offering customers a cold drink of any size for $1 as they contend with decades-high inflation, according to a report. Some locations have already begun boosting the … Read more

Mark Zuckerberg Has an Original Idea to Get Rid of Employees

Mark Zuckerberg Has an Original Idea to Get Rid of Employees

Times are tough even for the giants of Silicon Valley that are accustomed to big profits. In recent months, the storm on the financial markets has particularly shaken the Nasdaq index, which is dominated by technology groups. Investors fearing a recession are liquidating their positions in risky assets. This particularly affects tech, which lives mainly … Read more

China snubs Boeing to strike huge new deal with Airbus

China snubs Boeing to strike huge new deal with Airbus

Airbus Beluga – REUTERS/Christian Mang China has snubbed troubled aircraft maker Boeing after three of its national flag carriers placed orders worth $37bn (£31bn) with rival Airbus. China Eastern Airlines has agreed to buy 100 A320neo narrow-body jets from Airbus, while Air China will take 64 units and its Shenzhen Airlines subsidiary is acquiring 32 … Read more