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Dow rises 150 points as Wall Street looks to close out winning week

The Dow Jones Industrial Average rose on Friday as Wall Street pushed for solid gains in the holiday-shortened trading week. The Dow Jones Industrial Average rose 173 points, or 0.51%. The S&P 500 gained 0.03% and the Nasdaq Composite slipped 0.55%, dragged down by shares of Activision Blizzard, which fell more than 4% following the …

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Asia-Pacific stocks mostly lower, Tokyo inflation at highest in 40 years; U.S. markets closed

G-7 proposed price cap may have no effect on Russia, says Wood Mackenzie Group of Seven (G7) Nations proposed price cap for Russian oil between $65 and $70 a barrel may not be a significant deterrent to Moscow, according to Wood Mackenzie. The planned cap shouldn’t hurt Russia’s oil revenue, as the oil prices that …

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Fed minutes, Bank of Korea decision, Sri Lanka

Foxconn says new hires raised pay issues, ongoing communication adds Apple major supplier foxcon said new hires at its iPhone factory in Zhengzhou “have appealed to the company” regarding compensation, according to a statement on its website. The statement comes after the media reported a mass protest by hundreds of workers appears to have been …

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S&P 500 futures fall slightly ahead of more retail earnings before the Thanksgiving holiday

Traders on the floor of the NYSE, October 21, 2022. Source: NYSE S&P 500 futures fell slightly on Sunday night ahead of another batch of retail earnings to kick off a shortened week for the Thanksgiving holiday. Broad stock index futures were down 0.1%. Dow Jones Industrial Average futures were 38 points lower, or 0.1%. …

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Japan sees core inflation at highest in 40 years as Asia-Pacific stocks rise

Philippines central bank expects economy to see ‘low growth’ next year, not recession Central bank governor Felipe Medalla of Bangko Sentral ng Pilipinas (BSP) said the economy is expected to experience “low growth” of less than 5%, not a recession, next year. Speaking to CNBC Sri Jegarajah in an interview, he said the central bank …

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Lab-grown meat is OK for human consumption, FDA says

Sign up for CNN’s Life, But Greener newsletter. Our limited series of newsletters tell you how to minimize your personal role in the climate crisis and reduce your eco-anxiety. CNN — The United States Food and Drug Administration gave laboratory-grown meat a security clearance for the first time. Upside down fooda California company that makes …

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Dow falls more than 200 points as rising yields spark recession fears

Stocks fell on Thursday as interest rates jumped, with Federal Reserve officials signaling that interest rate hikes to curb inflation are far from over. The Dow Jones Industrial Average fell 245 points, or 0.7%. The S&P 500 slid 1.2%, while the Nasdaq Composite fell 1.4%. James Bullard, Chairman of the St. Louis Federal Reserve said …

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Retirement savers seeking safe havens within 401(k) plans may rue it

Yongyuan | E+ | Getty Images The data suggests that some savers are looking for safe havens in their 401(k) plans. But this decision could hamper these long-term investors; in fact, he may have done so in the last month. Investors sold target date funds and large-cap U.S. equity funds in October in favor of …

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