Stock Market & Investment News
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Wall Street closes lower as inflation hits 40-year high, inviting aggressive Fed rates tightening
NEW YORK: Wall Street resumed its slide on Thursday, ending in the red as inflation hit a four-decade high, cementing expectations that the U.S. Federal Reserve would hike key interest rates at the conclusion of next week’s monetary policy meeting to prevent the economy from overheating. Read full story
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AT&T and Discovery start bond sale that may target US$30bil
NEW YORK: AT&T Inc and Discovery Inc kicked off marketing on a bond sale that’s expected to be one of the largest offerings ever as they seek to fund their media business combination. The deal will test a market that’s been rattled by inflation and Russia’s invasion of Ukraine. Read full story