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Issue:TechnologyIssue:PlanetTopic:BankingOutlet:The Atlanta Journal-ConstitutionClear all

16 articles, grouped into stories

US stocks rise near their record after the latest jobs report eases worries about inflationU.S. stocks are rising near their record after the latest jobs report cooled worries that a potentially hot U.S economy could make inflation worse. The S&P 500 climbed 0.7% Friday and pulled within 1% of its all-time high. The Dow Jones Industrial Average added 233 points, and the Nasdaq composite rose 1.2%. They got a boost after a report showed U.S.…
The Atlanta Journal-Constitution5d agoWhole story →
PlanetEconomy
Smart ring maker Oura puts off initial public offering due to market 'uncertainty'Smart ring maker Oura says it is postponing a planned initial public offering due to market “uncertainty.” On Tuesday, Oura said it’s delaying the IPO “despite strong demand.” Oura customers use the ring to monitor their health, including sleep patterns and fitness activity. The company gets the bulk of its revenue from ring sales, with the rest coming…
The Atlanta Journal-Constitution9d agoWhole story →
TechnologyEconomy
Japan's central bank raises benchmark interest rate to 1.25%, the highest in 31 yearsJapan’s central bank has raised the benchmark interest rate to 1.25% from 1.0%, a 31-year-high. The move Friday was expected and widely figured into recent global markets. The Bank of Japan has been trying to normalize monetary policy after decades of keeping interest rates near or below zero to try to encourage more borrowing and spending to counter…
The Atlanta Journal-Constitution20d agoWhole story →
SecurityTechnology
Asian stocks are mixed after Wall Street slips following Fed's rate hike decisionAsian shares are mixed after Wall Street closed lower following the Federal Reserve’s interest rate hike decision for the first time in three years. But U.S. futures are higher. The quarter of a percentage point increase brings the Fed’s key rate to a target range of 3.75%-4%, as it attempts to control U.S. inflation that’s been stubbornly above its…
The Atlanta Journal-Constitution21d agoWhole story →
PlanetEconomyfed rate hike decision
Global shares mostly decline and AI stocks plunge after calls to slow AI industryWorld shares have mostly declined, led by AI-related stocks, and U.S. futures have edged lower. Oil prices have gained more than 2% as worries grow over global oil supplies after Saudi Arabia shut down a major oil pipeline used to help bypass the Strait of Hormuz. Brent crude, the international standard, was trading at around $107 a barrel. Japan-traded…
The Atlanta Journal-Constitution24d agoWhole story →
PlanetTechnology
Asian shares are mixed and OpenAI investor SoftBank shares plunge after calls to slow AI industryAsian shares are mixed and U.S. futures have edged lower. Oil prices have gained more than 3%, as worries grow over global oil supplies after Saudi Arabia shuts down a major oil pipeline used to help bypass the Strait of Hormuz. Brent crude, the international standard, was trading at near $108 a barrel. Japan-traded shares of SoftBank Group, a key…
The Atlanta Journal-Constitution24d agoWhole story →
PlanetTechnology
Wall Street heads for gains after oil prices ease and inflation update comes in near expectationsU.S. stocks appear to be heading for gains as oil prices give back some of the week’s big spurt. Futures were up 0.7% for the S&P 500 index, 0.7% for the Dow Jones Industrial Average and 0.8% for the Nasdaq 100 index, with a little less than an hour before trading is set to begin on Friday. They got some help from easing oil prices, which spurted earlier…
The Atlanta Journal-Constitution27d agoWhole story →
PlanetEconomy
Inflation report lands amid spiking oil prices, rising interest rates and Fed on fenceFriday’s inflation report is shaping up to be among the most consequential in years. Oil and gas prices have spiked again on the back of renewed combat in the Middle East. The Federal Reserve is considering whether to lift its short-term interest rate next week, with some officials saying Friday’s report could swing them either way. And longer-term…
The Atlanta Journal-Constitution27d agoWhole story →
BuildPlanetinflation report release