It is Friday, and Indicators of the Week is back — SUPER Edition. Today, what one New York bank's shakiness means for the wider economy, why Mexican imports in the US are super surging, and the T. Swift effect on the Super Bowl.
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The S&P 500 index hit 5,000 for the first time ever, propelled by Wall Street's optimism the Federal Reserve is going to cut interest rates.
The index surged over 1% to hit a record high, surpassing the previous peak hit around two years ago, driven by big gains in large tech companies and by hopes about the economy.
Halfway through the year, hopes about AI and a sturdier-than-expected economy are leading to a big rally in stock markets — but a lot of uncertainty still lies ahead.
A drop in shares of European lender Credit Suisse sparked fears that banking turmoil is spreading around the world.
The markets have rallied this year as investors believe inflation will continue to ease and that the economy will avoid a recession – but it could end in tears.
As market jitters declined over protests in China set off by growing public anger over COVID-19 restrictions, Asian shares were mostly higher Tuesday.
All three indexes fell after worse-than-expected inflation data raised expectations the Fed will need to continue raising interest rates aggressively to bring prices under control.
Robinhood – the company that became a household name during the pandemic – is cutting staff, citing a deteriorating economy and worsening market.
Many first-time investors bought Bitcoin and other cryptocurrencies as they neared all-time highs, and crypto companies spent millions on marketing. Today, they are coping with painful losses.
Private companies are sitting on the sidelines in 2022 after a record setting year of initial public offerings fueled by cheap borrowing.
All that whipsawing on Wall Street in the first half of the year reflects real nervousness. Investors are worried the Fed may tip the economy into a recession.
Stocks sank a day after the Federal Reserve delivered its biggest rate hike since 1994.
Stocks fell sharply on Monday after a stronger-than-expected inflation report spooked investors. The S&P 500 entered a bear market once again after briefly dipping into one last month.
She became one of Wall Street's most successful stock pickers during the pandemic, with millions of followers in social media, but Wood is struggling this year and facing intense scrutiny.