Emerging-market assets retreated amid lingering threats to global growth, even as reports suggested the U.S. and China had reached consensus on the main topics in their trade talks on Friday. Currencies posted their worst weekly slide since mid-December, while stocks deepened their monthly decline.
As hard as stocks plunged last quarter, their recovery in the New Year has been just as swift. A warning to S&P 500 bulls getting used to the upward trajectory: This is where rallies have fallen dead in the past.
Federal Reserve officials will probably change the framework they use to achieve their inflation target in a bid to stabilize U.S. inflation expectations, former New York Fed President William Dudley said.
Mattel Inc. fell the most since 2017 as the company released guidance that disappointed investors during a conference call.
While Alberta Premier Rachel Notley touts new refineries to ease the Canadian province’s oil woes, one government-backed plant has been eating up taxpayers’ money without giving anything in return.
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