Asian markets open lower after price data hits Wall Street

Asian markets open lower after price data hits Wall Street

Asian markets fell lower on Wednesday after Wall Street fell the most since June 2020 as a report showed inflation was keeping a surprisingly strong grip on the US economy. Tokyo’s benchmark Nikkei 225 lost 2.8% to 27,816.58 in early trading on Wednesday, while Sydney’s S&P/ASX 200 fell 2.5% to 6,834.80. In Seoul, the Kospi…

Liz Truss under pressure to drop ‘unaffordable’ triple lock

Liz Truss under pressure to drop ‘unaffordable’ triple lock

Carl Emmerson of the Institute for Fiscal Studies research group said that while there were reasons to protect pensioners in the short term, such large increases would make the triple lock too costly. He said: “The triple lock is expensive in the long run and will therefore have to be removed at some point.” Over…

How much money do you need in an emergency fund at each stage of your career?

How much money do you need in an emergency fund at each stage of your career?

Nirunya Juntoomma | Warehouse | Getty Images If you’re feeling uncertain amid stock market volatility, high inflation, and rising interest rates, you may be wondering how much cash you really need to have on hand. But the right amount to have in your emergency fund depends on your family’s situation and needs, financial experts say….

How much pain should we expect for our personal finances in the rest of 2022?

How much pain should we expect for our personal finances in the rest of 2022?

The outbreak of bad news about personal finance has slowed to a trickle this summer. In your investment accounts, stocks have recovered some of their losses and bonds have improved a lot. Gas prices have fallen sharply overnight from highs earlier this year, and there are signs that headline inflation has finally peaked. Do you…

Market jump after Fed hike is ‘trap’, Morgan Stanley warns investors

Market jump after Fed hike is ‘trap’, Morgan Stanley warns investors

Morgan Stanley is urging investors not to put their money in stocks despite the market rally following the Fed’s decision. Mike Wilson, the company’s chief U.S. equity strategist and chief investment officer, said he believes Wall Street’s excitement over the idea that interest rate hikes may slow sooner than expected is premature and problematic. “The…