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☆ Japan's factory activity expands at slowest pace in 20 months
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +2 min

The au Jibun Bank Flash Japan Manufacturing Purchasing Managers' Index (PMI) slipped to a seasonally adjusted 51.0 in September from the prior month's final of 51.5. The headline figure marked the slowest expansion since January 2021, although it stayed above the 50-mark that separates contraction from expansion. Register now for FREE unlimited access to Reuters.com RegisterIt was pulled down by struggling output and overall new orders, both of which contracted for the third consecutive month. The au Jibun Bank Flash Services PMI Index returned to expansion, coming in at a seasonally adjusted 51.9 in September from August's 49.5 final, the survey also showed. Register now for FREE unlimited access to Reuters.com RegisterReporting by Daniel Leussink; Editing by Sam HolmesOur Standards: The Thomson Reuters Trust Principles.

☆ German economic downturn deepens in Sept, outlook grim -flash PMI
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +2 min

S&P Global's flash composite Purchasing Managers' Index (PMI), which tracks both the manufacturing and services sectors which together account for more than two-thirds of Germany's economy, fell to 45.9 in September from August's final reading of 46.9. A Reuters poll of analysts had pointed to a reading of 46.0. Separately, the manufacturing index fell to 48.3 from a final reading of 49.1 in August. The services index dropped to 45.4 from a final reading of 47.7 in August. Register now for FREE unlimited access to Reuters.com RegisterWriting by Paul Carrel; Editing by Susan FentonOur Standards: The Thomson Reuters Trust Principles.

☆ The Fed's fight against inflation could cost the US 1.2 million jobs
▼ + stars: | 2022-09-23 | by ( Alicia Wallace | Cnn Business | ) edition.cnn.com time to read: +7 min

Assuming no change in the labor force, that would mean around 1.2 million more people will be unemployed. "And it's really, at this point, like telling the tide not to come in -- to expect the labor market to soften." As the unemployment rate rises, workers lose bargaining power for higher wages and households pull back on spending. Powell has said that prolonged and entrenched high inflation would be even worse than moderate increases in the unemployment rate. "If we want to set ourselves up, light the way to another period of a very strong labor market, we have got to get inflation behind us.

☆ Asia-Pacific markets inch lower as investors weigh Fed hike
▼ + stars: | 2022-09-23 | by ( Abigail Ng | ) www.cnbc.com time to read: +1 min

An electronic board displays stock information at the Australian Securities Exchange, operated by ASX Ltd., in Sydney, Australia, on Tuesday, Feb. 6, 2018. Asia-Pacific shares slipped on Friday as investors continue to weigh the Federal Reserve's aggressive stance. In Australia, the S&P/ASX 200 opened slightly higher but gave up gains to fall 1.16% on its return to trade after a holiday on Thursday. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.18%. On Wall Street overnight, stocks fell for a third consecutive day over recession fears following the Fed's latest 75-basis-point rate hike.

☆ Bank of England raises rates to 2.25%, despite likely recession
▼ + stars: | 2022-09-22 | by ( ) www.reuters.com time to read: +3 min

A general view of the Bank of England (BoE) building, the BoE confirmed to raise interest rates to 1.75%, in London, Britain, August 4, 2022. REUTERS/Maja SmiejkowskaLONDON, Sept 22 (Reuters) - The Bank of England raised its key interest rate to 2.25% from 1.75% on Thursday and said it would continue to "respond forcefully, as necessary" to inflation, despite the economy entering recession. However, it noted that the energy price cap, while reducing inflation in the short term, would boost pressures further out. Before the rate decision, financial markets expected the BoE to raise rates to 3.75% by the end of the year, with a peak of 5% reached in mid-2023. Less than a year ago, BoE rates were at a record-low 0.1%.

☆ 'Don't just buy the dip': How to adjust your portfolio to benefit from the Fed's rate hikes and rising inflation, according to 3 investing experts
▼ + stars: | 2022-09-22 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

Three investing experts say bonds, CDs, and dividend-paying stocks are good portfolio adjustments. It's not news that the economy has entered a stage of slow growth and rising rates. On Wednesday, The Federal Open Market Committee hiked rates by another .75 basis points, bringing the overall rate above 2.5%. One example could be high yield bonds, he added. As rates continue to rise, investors need to become more discerning in terms of what they're buying the dip on.

☆ U.S. home sales post seventh straight monthly decline in August
▼ + stars: | 2022-09-21 | by ( Lucia Mutikani | ) www.reuters.com time to read: +4 min

"High prices and Fed rate hikes will likely remain constraints for sales going forward," said Rubeela Farooqi, chief U.S. economist at High Frequency Economics in White Plains, New York. Economists polled by Reuters had forecast sales decreasing to a rate of 4.70 million units. House prices typically slow in July and August. There were 1.28 million previously owned homes on the market, unchanged from a year ago. The NAR attributed the higher cash sales share to people needing loans to buy a home dropping out of the market.

☆ The Fed has to balance its latest rate hike with trying not to tank the economy. Here's what to know.
▼ + stars: | 2022-09-21 | by ( Phil Rosen | ) www.businessinsider.com time to read: +7 min

Today, I'm breaking down what to know about the Fed's third jumbo rate hike, and how markets could look in its aftermath. In this March 21, 2018, file photo, Federal Reserve Chairman Jerome Powell speaks following the Federal Open Market Committee meeting in Washington. A third, outsized rate hike is an unprecedented move by the Federal Reserve. For this meeting in particular, billionaire David Rubenstein warned that a 100-basis-point hike this week would shock and depress markets and investors. What's on deck for markets after a third consecutive large rate hike?

☆ Apple helps Taiwan export orders resume growth in August, outlook mixed
▼ + stars: | 2022-09-20 | by ( ) www.reuters.com time to read: +3 min

Orders for telecommunications products rose 3.1% in August from a year ago due mostly to cellphone orders, the ministry said. A trend of working and studying from home that started during the COVID-19 pandemic has fuelled a growth in orders for Taiwanese electronics for more than two years. The ministry said it expected this month's export orders to be between 7% and 9.4% lower than those of September 2021. Taiwan's August orders from China fell 25.5% from a year earlier, compared with an annual fall of 22.6% in July. Export orders from Europe rose 14.6%, versus an annual contraction of 5.1% in July, while those from Japan rose 2.2%.

☆ China spent a record-breaking $8.3 billion on Russian energy in just 1 month as Europe shuns the supplies
▼ + stars: | 2022-09-20 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

China spent a record $8.3 billion on Russian energy imports in August, customs data showed. Its buyers are snapping up cheap Russian oil, gas, and coal as European imports fall away. China has spent $44 billion on Russian fuel since war broke out in Ukraine in February. Chinese buyers have now purchased a record-breaking $44 billion of Russian energy in the six months since President Vladimir Putin's forces invaded Ukraine in February. The US has vowed to phase out Russian oil imports and is urging countries to back its proposal for a price cap on Russian oil.

☆ Powell Should Stress Hawkish Stance Against Inflation: Mike Novogratz
▼ + stars: | 2022-09-20 | by ( Carla Mozée | ) www.businessinsider.com time to read: +3 min

Fed Chair Jerome Powell should stress the central bank's hawkish stance against inflation, Mike Novogratz said. "[Powell] threw us all off track a little bit two meetings ago when he said, 'I'm going to raise rates and then pause and watch.' "I think [Powell's] going to go, 'I'm going to raise rates. I'm going to stay vigilant and I'm going to raise rates until I see inflation start to crack," Novogratz said. Novogratz expects the Fed on Wednesday to raise the Fed funds rate by 75 basis points, a view largely held by investors.

☆ US stocks slip as the Fed begins its policy meeting and the 10-year yield hits a fresh 11-year high
▼ + stars: | 2022-09-20 | by ( Brian Evans | ) www.businessinsider.com time to read: +1 min

US stocks fell at the open Tuesday as the central bank began its latest policy meeting. Investors are bracing for another big rate hike from the Fed after a hot August inflation report. The 10-year Treasury yield jumped to a fresh 11-year high. The 10-year Treasury yield soared to an 11-year high of 3.518% Tuesday. The 2-year yield climbed further as well to nearly 4%, with the deeper inversion signalling growing worries over longer-term economic health in the US.

☆ 5 things to know before the stock market opens Tuesday
▼ + stars: | 2022-09-20 | by ( Mike Calia | ) www.cnbc.com time to read: +3 min

U.S. equities markets, coming off a positive Monday, were set to open lower Tuesday morning. Scott Mlyn | CNBCCompanies are still contending with supply chain issues, particularly as costs keep rising. The company said supply problems have resulted in parts shortages that affect about 40,000 to 45,000 vehicles, particularly trucks and SUVs. Regulations require at least 1,500 hours of flight time for commercial pilots, with exceptions made for certain kinds of military experience. Republic, for its part, said the FAA didn't give "its proposal review and engagement it deserves."

☆ The Fed risks overdoing rate hikes as it tries to prove its credibility, Guggenheim's Scott Minerd warns: 'They're going to push it until it breaks'
▼ + stars: | 2022-09-20 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

The Federal Reserve's anti-inflation tightening is going to hit long-risk investors, Scott Minerd said. Another jumbo rate hike is expected when the Fed wraps its September meeting on Wednesday. Minerd cautioned the Fed against hiking rates for much longer, and laid out three reasons why policymakers should think twice. "When you look at the stuff that policymakers should look at, the money supply is contracting, we have inflation that we're looking at in the rear-view mirror, we're not looking at inflation going forward," he said. Read more: Stanley Druckenmiller says the Fed is like a 'reformed smoker,' while Jeff Gundlach warns it's driving the US into a dumpster.

☆ 5 things to know before the stock market opens Friday
▼ + stars: | 2022-09-16 | by ( Candice Choi | ) www.cnbc.com time to read: +4 min

Here are the most important news items that investors need to start their trading day:Traders work on the floor of the New York Stock Exchange during afternoon trading on September 13, 2022 in New York City. Stock futures fallWall Street was headed toward another down week with U.S. stock futures lower Friday. A pedestrian walks by a Bed Bath and Beyond store in San Francisco, California. Bed Bath & Beyond closuresWhen Bed Bath & Beyond announced last month that it would close roughly 150 of its "lower producing" namesake stores, many people wondered if the location near them would be among those shuttered. In late August, Bed Bath said that it secured more than $500 million in new financing ahead of the key holiday season and that it was trimming its workforce, in addition to the store closures.

☆ Recession indicators are flashing and Wall Street's fear gauge suggests stocks haven't hit bottom. Here's what you want to know.
▼ + stars: | 2022-09-16 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Traders on the floor of the New York Stock Exchange (NYSE) Spencer Platt/Getty Images1. Maybe that third one isn't quite so guaranteed — but history tells us the bond market's recession warning is a pretty reliable signal of a downturn in the near to medium-term. The two-year yield on Thursday jumped eight basis points, to 3.86%, 39 basis points above the 30-year Treasury yield of about 3.47%. The stock market's fear gauge is off, too, according to DataTrek. How confident are you in the current market?

☆ FedEx shares sink after company cites weakening global demand
▼ + stars: | 2022-09-15 | by ( Jack Stebbins | ) www.cnbc.com time to read: +3 min

Shares of FedEx closed down more than 21% Friday after the company posted bleak preliminary earnings, citing weakening demand in global shipment volumes. Morgan Stanley analyst Ravi Shanker said the report could indicate a return to normal as pent-up demand from the pandemic wanes. The updates from FedEx came alongside fiscal first-quarter earnings that fell well short of Wall Street expectations. The company was scheduled to release results and hold a conference call with executives next week, but issued the report early. For its fiscal second quarter the company expects adjusted earnings per share of at least $2.75 on revenue of between $23.5 billion to $24 billion.

☆ 3 takeaways from Wednesday's meeting: Stay diversified, watch these stocks, why we made a trim
▼ + stars: | 2022-09-14 | by ( Krystal Hur | ) www.cnbc.com time to read: +4 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Keep portfolios diversified and steady Quick mentions: SBUX, COST, JNJ Trimmed HUM ahead of investor event 1. (Jim Cramer's Charitable Trust is long COST, HUM, JNJ and HUM. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ There's a surprising upside to inflation: Workers in 8 states will get a raise
▼ + stars: | 2022-09-13 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +4 min

In eight states, the minimum wage rises to track year-over-year inflation from August to August. But there's one silver lining of inflation still lingering high in August: Minimum-wage workers in a handful of states are set to get raises. "Worker wages are in fact declining in real value, and so indexing the minimum wage to inflation helps alleviate the challenges posed by inflation." The minimum wage will remain $7.25 in many states, thoughThe inflation-linked increases will also only widen the chasm in pay for minimum wage workers in states that haven't touched their minimum wage in years. A recent study found that increasing the minimum wage to $15 an hour would lift 7.6 million people out of poverty.

☆ 3 takeaways from Tuesday's meeting: Stocks plunge, we're buying HON, but wait on COST, SBUX
▼ + stars: | 2022-09-13 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Stocks sink on hot CPI Looking to add some Honeywell Wait to buy Costco, Starbucks 1. Wait to buy Costco, Starbucks Jim was also talking about how inflation might impact Club holding Costco (COST). THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ Tuesday, Sept. 13, 2022: Cramer is adding to this position as inflation picks up steam
▼ + stars: | 2022-09-13 | by ( Joshua Natoli | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTuesday, Sept. 13, 2022: Cramer is adding to this position as inflation picks up steamJim Cramer and Jeff Marks break down Tuesday's market action as August's Consumer Price Index comes in higher than expected. They also share some stocks they believe will thrive in this economic environment, and add to a stock already in the portfolio.

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