worries

Automaker lobby group: 70% of EV models won't qualify for EV tax credit

Auto lobby group worries that most U.S. EVs disqualified for EV tax credit

Automaker lobby group Alliance for Automotive Innovation says that if additional sourcing requirements go into effect, U.S. automakers won’t qualify for the full credit. According to Reuters, these automakers have been privately expressing their worries about the proposal’s increasing requirements regarding batteries and critical mineral contents being sourced from the U.S. John Bozzella, head of …

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4.2 million people quit in June despite recession worries: 'A paradox in our economy'

4.2 million people quit in June despite recession worries: ‘A paradox in our economy’

A cooldown in the job market is underway: The number of job openings dropped in June while near-record numbers of people continued to quit and get hired into new roles, according to the Labor Department’s latest Job Openings and Labor Turnover Summary. The labor market posted 10.7 million new job openings in June, which is …

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Wall Street tumbles at close as worries mount ahead of CPI report

Wall Street tumbles at close as worries mount ahead of CPI report

Treasury yield inversion stokes recession worries Boeing jumps, deliveries reach highest monthly level in 3 years Gap slides on CEO exit, outlook Indexes fall: Dow 0.62%, S&P 0.92%, Nasdaq 0.95% NEW YORK, July 12 (Reuters) – Wall Street ended in negative territory on Tuesday as growing signs of recession kept buyers out of the equities …

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Fed’s Stern Message Amplifies Worries About Stock Valuations

Fed’s Stern Message Amplifies Worries About Stock Valuations

The prospect of faster-than-expected monetary tightening has rattled Wall Street, dragging the S&P 500 deeper into bear territory Tuesday and forcing investors to reassess a stock market that doesn’t look cheap even after its dramatic selloff. It has been an ugly spell in markets, reflecting concerns about how the economy will hold up as the …

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Dow sinks 800 points and stocks enter bear market on worries of drastic rate hikes

The Dow (INDU) sank 825 points, or 2.7%, and the Nasdaq fell 4.3%. The broader S&P 500 fell 3.6%. That index is now more than 20% below its all-time high set in January, putting stocks in bear-market territory. Inflation and recession fears had eased somewhat at the end of May, and stocks regained some ground. …

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Asian stock markets sank on Monday as US inflation data sparked fears of aggressive rate hikes by the Fed and China ordered mass Covid testing.

Asian Stocks Plunge on US Rate Hike, China Lockdown Worries

  Asian stocks sank on Monday as shock US inflation data sparked fears of more aggressive interest rate hikes by the Federal Reserve, while news that Chinese authorities had ordered more mass testing for Covid in Beijing added to concerns over further lockdowns. The Nikkei posted its biggest drop in over four months to end …

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Stocks slump on fresh inflation, China COVID worries By Reuters

Stocks slump on fresh inflation, China COVID worries By Reuters

© Reuters. FILE PHOTO: A man looks at stock market monitors in Taipei January 22, 2008. REUTERS/Nicky Loh/File Photo By Kevin Buckland TOKYO (Reuters) – Asian stocks sank on Monday and bond yields ticked higher as red-hot inflation reignited worries about even more aggressive U.S. interest rate increases while new mass COVID-19 testing in China …

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Strong inflation, anxious consumers add up to more worries that recession has already arrived

Strong inflation, anxious consumers add up to more worries that recession has already arrived

Trays of beef are for sale in the meat section of a supermarket in McLean, Virginia, June 10, 2022. Saul Loeb | AFP | Getty Images The case that a recession is looming over the U.S. got stronger Friday, as blistering inflation and historic lows in consumer sentiment painted an increasingly dark economic picture. As …

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Stocks slip as Australia rate hike heightens policy worries

Stocks slip as Australia rate hike heightens policy worries

MILAN, June 7 (Reuters) – World shares fell on Tuesday and bond yields dipped from recent highs as a surprise 50-basis-point rate increase in Australia raised concern over policy tightening ahead of U.S. inflation data and a European Central Bank meeting this week. The Reserve Bank of Australia (RBA) raised rates by the most in …

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