Why U.S. Wages May Fail to Repeat the Surge That Spooked Markets thumbnail
Business

Why U.S. Wages May Fail to Repeat the Surge That Spooked Markets

The biggest jump in U.S. wages since 2009 caught markets and economy watchers off guard last month. Whether the acceleration proves sustainable depends on people like Katie Shank. The 27-year-old said she lowballed her asking salary at a Seattle employer when she moved from North Carolina last year because she wanted to get hired quickly. Three months later, she…

JPMorgan Co-President Sees Possible 40% Correction in Equity Markets thumbnail
Business

JPMorgan Co-President Sees Possible 40% Correction in Equity Markets

JPMorgan Chase & Co. executive Daniel Pinto warned equity markets could fall as much as 40 percent in the next two to three years. That would wipe out recent gains. His comments come as investors worry over the effect of central banks raising interest rates and rising inflation. “It could be a deep correction,” said…

Stocks Drop, Treasuries Advance Before Powell: Markets Wrap thumbnail
Business

Stocks Drop, Treasuries Advance Before Powell: Markets Wrap

European shares dropped the most since a global rout three weeks ago following sharp declines in the U.S. and Asia. Treasury yields fell to a two-week low as traders awaited a second appearance from Federal Reserve Chairman Jerome Powell, whose comments riled markets earlier this week. S&P 500 Index futures signaled the underlying gauge will…

Bonds Dip Before Powell; Stocks Slip, Euro Firms: Markets Wrap thumbnail
Business

Bonds Dip Before Powell; Stocks Slip, Euro Firms: Markets Wrap

Treasuries edged lower with European bonds as investors await the first public comments from Federal Reserve Chairman Jerome Powell on Tuesday. European stocks slipped and the euro advanced against the dollar. Most industry groups in the Euro Stoxx 600 Index declined, led by mining and telecoms companies. Asian equities edged higher, with Japanese stocks climbing…