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Economy

What are carry trades and how did they contribute to this week’s global market mayhem?

By ELAINE KURTENBACH
Aug 06, 2024 3:54 pm - BANGKOK — The mayhem that swept across world markets this week was partly caused by a market strategy known as the “carry trade.” Japan’s benchmark Nikkei 225 plunged 12...
A ‘Textbook Turnaround Tuesday’ doesn’t mean meltdown is over

By Richard Henderson
Aug 06, 2024 7:53 am - It’s an old cliché but the phenomenon known as Turnaround Tuesday — when markets rebound from a sell-off at the start of the week — is an opportunity that shows up time a...
Calm returns to Wall Street, and stocks bounce back after their worst drop in nearly 2 years

By STAN CHOE
Aug 06, 2024 3:53 pm - Stocks rose on Wall Street as calm returned to the market a day after its worst drop in nearly two years. The S&P 500 rose 1% Tuesday to break a brutal three-day losing streak. The Dow Jones Industrial Average climbed 0.8%, and the Nasdaq composite added 1%.
Dow drops 1,000 points, and Japanese stocks suffer worst crash since 1987 as markets quake worldwide

By ELAINE KURTENBACH
Aug 05, 2024 8:32 pm - Nearly everything on Wall Street is tumbling Monday as fear about a slowing U.S. economy worsens and sets off another sell-off for financial markets around the world.
They have jobs, but no homes. Inside America’s unseen homelessness crisis.

By Abha Bhattarai
Aug 01, 2024 2:24 pm - They are plumbers and casino supervisors, pizzeria managers and factory workers. They deliver groceries, sell eyeglasses and unload trucks at Amazon. And they’re the new,...
Dow drops 775 on weak jobs data as a global sell-off whips back to Wall Street

By ELAINE KURTENBACH and MATT OTT
Aug 02, 2024 2:50 pm - Stocks are tumbling Friday on worries the U.S. economy could be cracking under the weight of high interest rates meant to whip inflation. The S&P 500 was sinking by 2.1% ...
U.S. added just 114,000 jobs in July, unemployment rate hits 4.3% as interest rates take economic toll

By PAUL WISEMAN
Aug 02, 2024 8:24 am - U.S. hiring decelerated sharply last month in the face of high interest rates as employers added an unexpectedly weak 114,000 jobs.
Bank of England lowers its main interest rate by 0.25%, to 5%, its first cut in over 4 years

By PAN PYLAS
Aug 01, 2024 7:08 pm - LONDON — The Bank of England has cut interest rates for the first time since the onset of the COVID-19 pandemic in early 2020 as inflationary pressures in the economy hav...
The Federal Reserve sees cooler inflation and slower job market, suggesting a rate cut is nearing

By CHRISTOPHER RUGABER
Jul 31, 2024 3:25 pm - WASHINGTON — The Federal Reserve said Wednesday that greater progress has been made in reducing inflation to its 2% target, a sign that the central bank is moving closer ...
Trust pros to help cut red tape, build more suburban housing

By Matt Paprocki
Jul 31, 2024 9:24 am - As Cook County property taxes hit Aug. 1, businesses and residents inevitably will see tax hikes. These rising bills, along with burdensome government regulations, make I...

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