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Money

U.S. stocks plunge – markets have biggest daily drop in 2 years

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2 years ago

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U.S. markets have had their biggest daily drop in almost two years, as investors evaluate the impacts of higher prices on earnings and the possibility of monetary policy tightening

The S&P 500 dropped by 4 per cent, while the Nasdaq fell the most amongst other major benchmarks.

Meanwhile, retailer Target down was down more than 20 points in its worst performance since 1987, and Apple and Amazon.com both slid.

The U.S. dollar rose against all Group-of-10 counterparts, except the yen and Swiss franc.

The S&P is slowly emerging from its longest slump since 2011, but rebounds are fragile amid tightening policy, the war in Ukraine and lockdowns in China.

It comes as Federal Reserve Chair Jerome Powell warns U.S. central bank will raise interest rates until there is “clear and convincing” evidence inflation is in retreat.

Looking to other parts of the world, and Europe saw new-vehicle sales shrink for a 10th month in a row.

Over in the United Kingdom, inflation rose to its highest level since Margaret Thatcher’s reign 40 years ago.

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William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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Money

Financial stress deemed a leading cause of relationship breakdowns

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13 hours ago

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October 8, 2024

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Expert insights on preventing financial conflicts and keeping relationships thriving

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Hosted by the Founder of The Investor’s Way, Andrew Woodward.

In this episode, Andrew is joined by Dee Tozer, Couples Master Coach.

#investment insights

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Finance expert reveals the top financial concerns keeping people up at night

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October 8, 2024

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Expert tips on addressing common financial challenges and achieving your goals

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Hosted by the Founder of The Investor’s Way, Andrew Woodward.

#investment insights

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Money

Key strategies unveiled to lower your mortgage payments

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13 hours ago

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October 8, 2024

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Expert advice on negotiating better rates and managing debt effectively

Investment Insights is an informative and inspiring interview-style show that dives into the world of money management and wealth creation, making complex financial concepts accessible to all.

Hosted by the Founder of The Investor’s Way, Andrew Woodward.

In this episode, Andrew is joined by Laurence Barlow, Founder of Credit Reboot. #investment insights

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