Stock Market Today: Dow Futures Slip Before Powell Remarks, NIO Stock Drops

Text size Fed chair Jerome Powell will deliver remarks at a central bank summit. Olivier Douliery / AFP via Getty Images Stocks slipped on Wednesday ahead of a summit of top central bankers where investors will closely watch for clues about how high the Federal Reserve will raise interest rates. Futures for the Dow Jones … Read more

The Lords of Money Pose Massive Threats to Markets

Think the Fed’s job is hard? At least the US Federal Reserve can concentrate on fighting inflation. In Japan and Europe, the central banks are battling the markets, not merely price rises. That’s leading to some very strange, even contradictory, policies. The troubles of the three central banks mean investors should prepare for the sort … Read more

Italian bond yields dive and euro climbs as ECB announces emergency meeting on market conditions

European bond yields fell and the region’s single currency climbed on Wednesday as the European Central Bank announced it would hold an emergency meeting to “discuss current market conditions.” The Governing Council’s “ad hoc” meeting comes the same day that the Federal Reserve will announce a policy decision, with many expecting an interest rate hike … Read more

What will it take to get reluctant home sellers to move?

You’ve heard of golden handcuffs. That’s when a company compensates you generously to discourage you from taking a job elsewhere. Some of us restrain ourselves with another type of golden handcuffs: low mortgage rates. Economists dub the phenomenon the “rate lock-in effect.” They say rate lock-in happens when we lash ourselves to the low mortgage … Read more

After stocks plunged this week, here’s how to protect your finances during a period of uncertainty: ‘A hard landing will ultimately be unavoidable’

It’s been a hell of a week on Wall Street. The Dow Jones Industrial Average DJIA, -0.30%, the S&P 500 SPX, -0.57% and the Nasdaq Composite COMP, -1.40% all closed lower Friday after plunging on Thursday, shedding all of Wednesday’s post-Fed rally. The Federal Reserve on Wednesday hiked the benchmark interest rate by 50 basis … Read more