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Dow Jones enters correction territory as Hormuz fears fuel selloff

The Dow Jones Industrial Average (DJIA) tumbled on Friday, shedding roughly 510 points or 1.1% to fall below 45,500 and officially enter correction territory. The S&P 500 lost around 1%, bringing its decline from its record high to over 8%, while the Nasdaq Composite dropped 1.3% after entering correction territory…

Extended pause view after BSP off-cycle move – UOB

UOB’s Global Economics & Markets Research, via Julia Goh and Loke Siew Ting, notes that the central bank of the Philippines, Bangko Sentral ng Pilipinas (BSP) kept the RRP (Reverse Repurchase Rate) rate at 4.25% in an off-cycle meeting as supply-driven inflation and Middle East risks intensify. The bank expects a prolonged policy pause, with core inflation and second-round effects guiding decisions and fiscal policy taking a larger role.BSP seen on prolonged policy pause”In view…

Business

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Cam Newton’s Iconic Saga joins Offscript Worldwide creator network

Since entering the national spotlight, former NFL MVP Cam Newton has been authentically and unapologetically himself.  Whether on the field, or now off of it in his new content-creating realm, Newton’s fans and followers have gravitated toward his genuine, no-filter takes on his hit shows “Funky Friday” and “4th &…

Markets

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Investing

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