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US futures swing amid caution over Federal Reserve response

  Bloomberg US equity-index futures fluctuated between gains and losses as investors debated whether inflation had eased enough to encourage the Federal Reserve to slow monetary tightening. Contracts on the S&P 500 and Nasdaq 100 index rose about 0.1% each after the rally in US stocks on the back of a fifth month of decline in consumer-price growth. Treasuries rallied ...

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Tesla stock rout putting market cap below $500b

  Bloomberg The selloff in Tesla Inc shares that accelerated after the electric-vehicle maker was reported last week to be planning to temporarily suspend output at its Shanghai factory pushed the company’s market valuation briefly below the coveted half-trillion-dollar mark. Shares of the EV industry leader have been in a freefall over the past few months, sinking nearly 40% since ...

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Global trade soars to record $32 trillion in 2022, says UN

Bloomberg  The value of global trade is set to reach a new record this year, increasing by about 12% to an estimated $32 trillion, according to a UN report that signalled a slowdown heading into 2023. “The substantial trade growth during the last year was largely due to increases in the value of the trade of energy products,” the United ...

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