Stock markets

Stock futures are flat as Wall Street takes a breather after Dow's 400-point rally

Stock futures are flat as Wall Street takes a breather after Dow’s 400-point rally

Bank of England announces largest interest rate hike in 27 years The Bank of England on Thursday hiked interest rates by half of a percentage point, the sixth consecutive increase and first bump of this size since 1997, in an effort to cool off inflation. Inflation in the UK is also at a 40-year high, …

Stock futures are flat as Wall Street takes a breather after Dow’s 400-point rally Read More »

China's property sales are set to plunge 30% — worse than in 2008, S&P says

China’s property sales are set to plunge 30% — worse than in 2008, S&P says

Most apartments in China are sold before developers finish building them. Pictured here on June 18, 2022, are people selecting apartments at a development in Huai’an, Jiangsu province, near Shanghai. Future Publishing | Future Publishing | Getty Images BEIJING — China’s property sales are set to plunge this year by more than they did during …

China’s property sales are set to plunge 30% — worse than in 2008, S&P says Read More »