S&P Global said Friday that U.S. PMI data for June shows the U.S. economy running close to a 2% rate in the second quarter.
: U.K. stock-market index turns negative for the year. ‘Buy humiliation,’ strategist advises.
Once up as much as 8%, the main U.K. stock-market index turned negative for the year, just a day after the Bank of England made a surprise half-point rate hike that some say will drag the economy into a recession.
: OpenAI, Google, Apple chiefs to discuss innovation with Biden and Modi at White House
Artificial intelligence will be discussed Friday at the White House during a meeting with President Biden, Indian Prime Minister Modi and tech executives.
Key Words: Yellen says chance of recession has ‘gone down,’ but U.S. needs slowdown in consumer spending to control inflation
Treasury Secretary Janet Yellen makes remarks on the chances for a U.S. recession and the need for a slowdown in consumer spending while at a summit in France.
Metals Stocks: Gold prices end slightly higher on global recession fears after ‘brutal week’ that saw 3-month lows
Gold futures settled higher Friday after three days of falls that took the most-active contract to its lowest settlement in three months following a flurry of interest-rate hikes from central banks in Europe on Thursday.
Futures Movers: Oil prices see weekly fall as central banks stoke recession worries
Oil futures fell Friday and posting a weekly decline after a flurry of central bank interest rate increases around the world this week heightened fears of a sharp economic slowdown.
Bond Report: U.S. yields slip by most in a week after a spree of central bank rate hikes
Treasury yields fall on Friday and ended mixed for the week following a spate of interest-rate increases by global central bankers.
: Adani Group shares slump after report of U.S. probe into communications with investors
Shares of Adani Group companies slumped on Friday after a report that the U.S. Justice Department and the Securities and Exchange Commission were examining the company’s communications to investors.
Mark Hulbert: Stock investors’ rising ‘wall of worry’ is supporting a new bull market
Mutual-fund and ETF flows suggest that stock-market investors now are more fearful than greedy.
Need to Know: The British stock market has turned into a wasteland as pension funds recoil. Why U.S. funds may pull back too
Flows from the U.S. defined benefit pension system into equities may dry up, says a JPMorgan strategist.
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