All posts in Stock Market Updates

The Thai stock had ended higher in four straight sessions, gaining nearly 20 points or 1.2 percent along the way. The Thai Stock Exchange is now just below the 1,610 plateau, although it may run out of strength on Tuesday. The global forecast for Asia markets is flat or slightly higher, with declining fears of a recession offset by concerns about interest rates. European markets were slightly higher and US stocks were mixed and little changed and Asian markets split the difference. The SET ended slightly higher on Monday after gains in financial stocks and energy producers. For the day,…

Russia said it would suspend US inspections of its nuclear weapons under a key treaty with the US because of Western sanctions over its invasion of Ukraine. Moscow told the United States on Monday it could no longer participate in inspections under the New Start Treaty, the last remaining major arms control agreement between the countries, the foreign ministry said in a statement . He blamed bans on Russian planes from entering Western airspace and the difficulty of obtaining transit visas to third countries, making it difficult for his inspectors to travel to the US. Russia also claimed that the…

Stock market party: Due to Muharram, there will be no trading activity in the stock market today. As per the information available on BSE official website, trading on BSE (Bombay Stock Exchange) and NSE (National Stock Exchange) will remain closed for the entire session on Tuesday i.e. 9th August 2022. According to the list of stock market holidays 2022, which is available on the official website of BSE—bseindia.com—there will be no action in the equity segment, equity derivatives segment and SLB segment today. According to the list of stock market holidays for August 2022, trading in the currency derivatives segment…

A woman walks past an Allbirds store in the Georgetown neighborhood of Washington, DC, on Tuesday, February 16, 2021. Al Drago | Bloomberg | Getty Images Allbirds cut its financial forecasts for the year on Monday and announced a number of cost-cutting efforts as the sustainable shoemaker posted a wider quarterly loss compared with a year earlier. The company cited a slowdown in consumer spending toward the end of June and said it has “drastically” slowed the pace of new corporate hires and backfills from departing employees. It said it has cut its global corporate workforce by 8%, or 23…

CNBC’s Jim Cramer said Monday that the Federal Reserve could raise interest rates in August, ahead of its next scheduled meeting in September, if economic data this week show inflation is not slowing . “The Fed is still on top of this market. A week ago, it looked like they might relax, but after Friday’s hot jobs numbers and the approval of the [Inflation Reduction Act]I’m worried that they may reduce the boom even before September comes,” he said. “If both numbers are blistering, we’ll have a surprise meeting in August,” he predicted, referring to consumer price index and producer…

Peter Morici is an economist and professor emeritus of business at the University of Maryland and a national columnist in the US. With inflation high over the past 14 months, we can sadly conclude that it is entrenched, will be difficult to conquer, and is not just the province of the US Federal Reserve. The current quagmire comes from both sides of the supply and demand scissor. Excessive Covid spending and the Federal Reserve’s money printing to finance the resulting federal deficits created too much liquidity chasing too few goods. Pandemic relief sent money to people who needed help, but…