S&P Company

Wall Street stocks plummeted on Tuesday, as shares of First Republic Bank were battered after an earnings report that showed it lost a large amount of deposits — reviving worries over the financial sector.Investors have been eyeing the…

Experts have revealed one glaring sign that a global recession is fast approaching, with a “big question mark” now hanging over us all. The demand for diesel fuel has long been considered a significant clue regarding the health of the…

The price of bitcoin and ethereum are again surging as debate whirls about whether the US will pivot on interest rates.The bitcoin price hit AU$45,379 today, giving it gains of about 50 per cent over the past six months.Ether was driven up…

Customers and investors appear to have lost faith in another US bank, just days after three banks sensationally collapsed in a move that sent shockwaves around the world. Overnight, fears mounted for a regional bank based in San Francisco,…

Longtime investor Jeremy Grantham has delivered a frightening forecast for US shares in 2023, predicting the S&P 500 could plunge by as much as 25 per cent.The legendary co-founder of investment firm GMO delivered a paper on Tuesday…

Stock markets wrapped up their worst performances in years on Friday before heading into 2023 under recession fears following Russia’s invasion of Ukraine, high inflation and rising interest rates.Both US and European indices closed their…

The year 2022 has not been a great one for Elon Musk and Tesla as the company’s stock price plunges and its market capitalisation is wiped away. According to Market Watch, the electric vehicle giant’s stock plummeted by 61 per cent this…

So much for the “Santa rally”.A mini stocks revival triggered by positive US economic data faltered overnight Thursday, in a rare loss for a time of year that normally delivers good news for traders.Wall Street stocks fell at the open of…

One of the world’s biggest banks has heralded disaster for 2023 as governments battle to stem the rapidly rising inflation tide. Deutsche Bank highlighted a number of concerns putting the global economy under pressure, including “very tight…

Annual inflation in the US has slowed to 7.7 per cent, the lowest level since January and below analyst expectations.Wall Street stocks surged after the news, with the Dow ending 3.7 per cent higher with a nearly 1200-point jump. The…