Page 22 - Tim Ghriskey News Today

Saudi Aramco overtook Apple as the world's most valuable company on Wednesday, stoked by a surge in oil prices that is buoying the crude producer while adding to an inflation surge that is throttling demand for technology stocks.

The FBM KLCI tumbled more than 1% when markets closed on Thursday (May 12) while Bursa Malaysia’s Technology index was worst hit among the bourse’s 30 gauges as forecast-beating US inflation dented world markets which are seen taking cue from anticipation of US interest rate hikes to fight rising consumer prices.

Saudi Aramco overtook Apple Inc as the world’s most valuable company, stoked by a surge in oil prices that is buoying the crude producer while adding to an

Technology stocks hammered by cost of living crisis as Aramco is boosted by price of crude

Growth names have been taking a hit so far in 2022 as indicated in the S&P 500 Growth Index, which is down 18% for the year.

Wall Street reversed course and posted losses on Thursday while oil gained as Federal Reserve Chairman Jerome Powell suggested the U.S. central bank would move aggressively to curb inflation. ... | April 21, 2022

WASHINGTON: A half-point interest rate increase "will be on the table" when the Federal Reserve meets on May 3-4 to approve the next in what are expected to be a series of rate increases this year, Fed Chair Jerome Powell said Thursday in comments that pointed to an aggressive set of Fed actions ahead.

WASHINGTON—Some big U.S. banks have again started stockpiling cash to cushion potential loan losses due to growing worries ...

The tech-heavy Nasdaq logged a decline of over 2% for a second straight day.

By Lewis Krauskopf, Bansari Mayur Kamdar and Praveen Paramasivam