Global stocks slide as central banks tighten to curb inflation
Markets across the United States and Europe tumbled as the Federal Reserve and European institutions raised rates to battle inflation. The S&P 500 fell 2.5 percent, Dow lost 2.2 percent, and Nasdaq dropped 3.2 percent, erasing weekly gains amid broad selling and tech weakness.
MENTIONED IN THIS ARTICLE
Wall Street
Federal Reserve
Germany
DAX
Europe
U.S. Federal Reserve
Willie Delwiche
All Star
U.S
Fed
European Central Bank
Bank of England
Swiss National Bank
Fed hikes rate to 4.25 4.5 percent amid inflation fight
The Federal Reserve raised its key rate by a half point to 4.25 4.5 percent, the highest in 15 years, signaling tighter borrowing costs for homes cars and credit while inflation remains a concern. Economists warn higher rates may curb spending and raise debt service, with potential recession risks and continued market volatility.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve
Fed
Bankrate.com
John Leer
Morning Consult
SEC
The
Associated Press
Inflation hits older adults forcing hard choices
Lenore Angey 76 returns to work as a department store sales clerk to pay for food and medicine as inflation keeps prices high. AARP survey shows over a third of 65 plus feel worse off midyear, with older adults more pessimistic about finances than younger groups. Dana Kennedy of AARP Arizona cites inflation driving tough decisions.
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Cleveland
Angey
U.S
Census Bureau
States
District of Columbia
NORC
University of Chicago
AARP
Dana Kennedy
Arizona
EU Faces Musk Twitter Clash With New Digital Rules
EU officials prepare for a potential showdown as the Digital Services Act takes effect for major platforms in 2024 and later expands to all online services, while Twitter trims staff and overhauls content moderation under Elon Musk's policy stance.
MENTIONED IN THIS ARTICLE
London
Elon Musk
Twitter
Europe
European Union
Musk
Google
Facebook
TikTok
John Albert
AlgorithmWatch
Tesla
Thierry Breton
U.S
Silicon Valley
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Damian J. Troise
and Alex Veiga
United States
Jerome Powell
Scott Hoyt
Moody's Analytics
Hoyt
Treasury
Anita Snow
Phoenix
Lenore Angey
Angel
Congress
Britain
N Illumi
the Market IN Review
Dow Jones Industrials
S&p 500
Dow Industrials
Dow Transportation
Dow Utilities
NYSE
Nasdaq
S&p
Russell
Apple Inc
Novaux
Amazons
BitBro Ltd
Adamasin
Ehanghl
BkofAm
Gaotu Tch
Exelal Pfb
Wbrodis A
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GM Dinors
Nvidia
At&t Inc
LucidGrp
Lumentch
AlgonPw
McDalds
Alibaba
MedProp
Alphabt C S
Meta Plt
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Microsoft
Amber
MultiAuto
Newell Br
AmAirlines
NiSource
Apple Incs
NokiaCp
BcoBrad
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BedBath
Nu Hidg
Tas
BlueApr OwensCorn
Carnival
Carvanaa
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Cisco
Palantir
Citigroup
CoreScinea
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Roblox
Cracker
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CredSuiss
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Smucker
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Snapline A
Farfetch
SoFiTech
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GenElec
Target
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Teslas
TilayBr
Hexo H
Transcen
HomeDp
Uber Tch
HuntBnesh
IMV Rs
Vale SA
VerizonCm
Icosavax
VincoVenn
WalMart
Intel
Wbrodis An
IBM
Invacare
WellsFargo
Kauunh
Wendys Co
Keycorp
Xpeng
Kohls
YumBrnds
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New York Mercantile Exchange
CBOT
Chicago Board of Trade
CME
Chicago Mercantile Exchange
ICE
Intercontinental Exchange
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