5 things to know before the opening of the Stock Exchange Thursday, May 19

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Dow set to open lower after worst day since 2020 on inflation concerns A trader works on the floor of the New York Stock Exchange (NYSE) in Manhattan, New York, U.S., May 18, 2022. andrew kelly | … Read more

What does this mean for investors as the pair approaches parity?

The euro sign sculpture stands in front of the former headquarters of the European Central Bank (ECB) in Frankfurt, Germany, Sunday, July 3, 2016. Krisztian Bocsi | Bloomberg | Getty Images The euro is approaching parity with the US dollar for the first time in 20 years, but currency strategists are divided on whether it … Read more

Only 2 Asia-Pacific markets are in positive territory so far this year

As of Wednesday’s market close, Singapore’s Straits Times Index was in the top spot regionally, having risen 3.25% year-to-date. Lauryn Ishak | Bloomberg | Getty Images There are only two major indexes in Asia-Pacific that are in positive territory so far in 2022, and both are in Southeast Asia. As of Wednesday’s market close, Singapore’s … Read more

Top picks for buying the dip in an undervalued market

Morningstar’s David Sekera thinks the market sell-off seems overdone – and reveals which tech stocks he thinks are attractive right now, as well as his picks for taking advantage of the return to consumer spending. After years of beating the market, tech stocks came under fire this year as expectations of aggressive tightening from the … Read more

Gasoline could top $5 a gallon this summer, causing more pain for consumers

Current gasoline prices are shown in Garden Grove, California on March 29, 2022. Mike Blake | Reuters Gasoline prices are a wild card for consumers’ wallets this summer as tight supply and uncertainty in Ukraine could push fuel costs up significantly. Gas prices are climbing towards $5 and they look set to stay high even … Read more

Next big shoe to drop in financial markets: Inflation not responding to Fed rate hikes

Traders, investors and strategists add one more factor to the list of reasons why financial markets could be more volatile over the next three to four months at least: the likelihood that Fed rate hikes will not not affect inflation by then. Wednesday’s price action reflected the lingering anxiety gripping the stock market, with all … Read more

What Walmart, Target, Home Depot and Lowe’s tell us about the economy

How resistant is the American consumer to skyrocketing inflation? It depends on who you ask. Four major retailers — Walmart, Target, Home Depot and Lowe’s — released quarterly financial results this week, and they each offered a different perspective on where and how people are spending their money. Walmart said some of its most price-sensitive … Read more

China is the second largest bitcoin mining hub as miners go underground

In September 2021, China accounted for just over 22% of the total bitcoin mining market, according to research from the University of Cambridge. Paul Ratje | The Washington Post | Getty Images Bitcoin miners are not giving up in China despite Beijing banning the practice. China was once the world’s largest crypto mining hub, accounting … Read more

China signals easing of tech crackdown but doesn’t expect policy turnaround

China has shown signs of easing its crackdown on the tech sector that has wiped billions of dollars of value from its most important companies. But analysts said Beijing’s recent positive rhetoric should not be confused with a policy shift. “I think the big tech companies will have a grace period for maybe the next … Read more

Countries banning food exports amid rising prices and inflation

India has banned wheat exports as grain prices have jumped this year partly due to the Russian-Ukrainian war. T.Narayan | Bloomberg | Getty Images India has banned wheat exports, becoming the latest country to do so as grain prices have surged this year in part due to the Russia-Ukraine war. The war triggered a huge … Read more