All posts in Stock Market Updates

Sometimes the tears win when Paula Small-Plenty talks about the closing of Big Horn Senior Living. All of its residents are local to Big Horn County, but since the decision to close was made, the administrator has been frantically searching for their new homes, sometimes hundreds of miles away. He has made calls to nursing homes as far away as Wolf Point, a 267-mile drive from Hardin. The senior living complex is one of seven skilled nursing facilities in the state slated to close by 2022 due to anemic Medicaid reimbursement rates, staffing, wage pressures and inflation Among the closings…

The impact of these last seven days will reverberate over the coming weeks around the deserted halls of Wall Street and Washington DC while politicians and investors retreat to the Hamptons or Martha’s Vineyard or wherever summer. Are we in a recession? It’s hard to say, but hopefully come September the insights we’ve gleaned during this treacherous week will be fully absorbed and our understanding of the US economy will be clearer. So what are we working with here? Let’s recap. The Federal Reserve raised interest rates by another 75 basis points. The market expected this move, but it was…

BEIJING (AP) — Asian stock markets were mixed Wednesday ahead of the Federal Reserve’s announcement on how strongly it will raise interest rates to cool U.S. inflation. Shanghai and Hong Kong advanced. Tokyo and Sydney declined. Oil prices rose slightly. Wall Street’s benchmark S&P 500 lost 0.4% on Tuesday as traders awaited a Fed rate hike they expect to be three-quarters of a percentage point, or triple the usual margin. They worry that the Fed’s aggressive action to cool inflation, which is at a four-decade high, could push the world’s largest economy into recession. A “fake surprise” from the Fed…

This week’s stock market: Following strong global cues and the return of foreign investors (FPIs and FIIs), Indian stocks ended higher for the third straight session on Friday. Last week, the Nifty 50 index gained 2.62 percent last week, while registering a monthly gain of 8.70 percent in July 2022. Similarly, the BSE Sensex rose 2.67 percent last week while it recorded a monthly gain of 8.50 percent in July 2022. . “The month of July turned out to be a relief for market participants as after a sharp correction in the previous three months, the Nifty bounced back this…

Kern County economy watchers say the looming clouds of inflation and rising interest rates may combine to dampen local business activity in the coming quarters, but not yet say how severe the impact could be. Some say the area may be better prepared for a possible recession now than it was during the last one, in 2007-09. There is concern, however, that some local businesses are highly exposed to two growing factors: business operations that rely on debt and regular consumer purchases on credit. There is hope that companies that have already suffered so much from shipping bottlenecks and other…