Week Ending 1st July 2022 In a seesaw market, the major stock indexes climbed back from lows earlier in the day to close higher. The Nasdaq composite closed up 0.9%, while the S&P 500 climbed 1.1%. The Dow Jones Industrial Average closed up 1%. The small-cap Russell 2000 gained 1.3%. Volume was down on the […]

The European Central Bank will raise interest rates in July for the first time in 11 years, followed by another hike in September. The move will see it follow other central banks in the shift from supporting pandemic economies to fighting rapidly-rising inflation. The Bank of England has approved four rate increases since December and […]

U.S. employers added a healthy 390,000 jobs in May, extending a streak of solid hiring that has bolstered an economy under pressure from high inflation and interest rates. Last month’s gain reflects a resilient job market that has so far shrugged off concerns that the economy will weaken in the coming months as the Federal […]

A better than expected January for American jobs could strengthen the hand of the US Federal Reserve as it prepares to deliver an expected series of interest rate hikes later this year. The US employment market started the year in a much healthier state than expected, despite Omicron disruption hitting consumer-facing businesses. America added 467,000 […]

The US grew at its strongest pace since 1984 last year as it bounced back from 2020’s pandemic-driven downturn, official figures show. GDP in the world’s biggest economy expanded by 5.7% in 2021 after shrinking by 3.4% the year before, according to America’s bureau of economic analysis. It has not enjoyed such strong one-year growth […]

The FTSE 100 has hit a new post-pandemic high as rising oil and banking stocks helped it shrug off supply chain and inflation worries. London’s leading share index ticked up to as high as 7243.8 points during Friday trading, taking it above a previous peak in August to hit the highest level since February 2020. […]

Amazon is reportedly planning to open large department stores in the US as the online shopping titan expands further into physical retail. The stores will be about 30,000 sq ft in size and will offer products from well-known consumer brands, according to the Wall Street Journal. The first sites are expected to open in California […]

Walt Disney Co’s revenue has beaten expectations in the third quarter, thanks to new streaming subscribers and the reopening of its theme parks. Overall revenue was up 45% to $17.02bn between April and July – higher than analysts’ estimate of $16.76bn. Net income was $918m in the three months, compared with a loss of $4.72bn […]