European stocks fall as Bank of England boost fades; Stoxx 600 down 1.6%

Euro zone economic sentiment continues to deteriorate The European Commission’s economic sentiment indicator, which aggregates business and consumer confidence surveys, fell to 93.7 in September from 97.3 in August, its lowest point since November 2020. Confidence plummeted across economic sectors amid a broad increase in inflation expectations, despite the European Central Bank‘s commitment to interest … Read more

Markets in a tailspin get a big dose of chill from the Bank of England

This story is part of CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. New York CNN Business — All the drama out of the UK government is keeping me from catching up on the only UK drama I really want to consume, which is Love Island, season 8, … Read more

Skipped cancer screenings this past year? It’s time to restart

CNN — Many people postponed routine medical care because of disruptions related to the Covid-19 pandemic. That includes a decline in cancer screenings, such as mammograms and colonoscopies. In the meantime, cancer remains one of the major causes of death in the United States, second only to heart disease. Why is cancer screening so important, … Read more

Nearly 70% of Americans are looking for extra work to combat inflation

A few months ago, Mike Petree noticed an alarming pattern: His bank account would get uncomfortably low on the weekends before he’d get his paycheck, paid biweekly on Wednesdays. Despite no changes to their daily habits, bills for him and his family of five skyrocketed: a $120 weekly grocery bill ballooned to $200, and a … Read more

Consumers are growing more optimistic about the US economy

CNN — Consumer confidence rose for a second straight month in September, as moderating gas prices and the hope that inflationary pressures might be easing helped lift the nation’s collective mood. The Conference Board reported on Tuesday that its baseline index rose to 108 from a revised 103.6 in August, the highest it has been … Read more

Larry Summers blasts UK’s ‘utterly irresponsible’ fiscal policy

Larry Summers Cameron Costa CNBC LONDON — Former US Treasury Secretary Larry Summers on Tuesday warned that the UK has lost sovereign credibility after the new government’s fiscal policy sent markets into a tailspin. The British pound hit an all-time low against the dollar in the early hours of Monday morning, before recovering slightly on … Read more

Fed rate hikes have made some corporate bonds very attractive. How to profit from it

As stocks sink and interest rates rise, investors are getting more excited about corporate bonds than they’ve been in a generation. One side effect of Federal Reserve tightening policy is that it has made interest rates go up everywhere — including in the corporate bond market. But as pros point out, investors need to be … Read more

European markets open to close, earnings, data and news

The Bank of England is right to hold off on rate hikes as the pound slumps, investment director says The UK’s central bank shouldn’t rush to increase interest rates, according to Julian Howard, Lead Investment Director of Multi Asset Solutions at GAM Investments, despite the slumping pound. “I don’t think it’s the Bank of England’s … Read more

Dan Niles reveals how the Santori Fund is beating the market

This year’s bear market has left many investors deep in the red, but Dan Niles says his Satori Fund has bucked the trend. Niles said the US-focused long-short equity fund is up this year, outperforming the S & P 500, which has declined around 20% in the same period. He did not disclose the fund’s … Read more

Tropical Storm Ian’s uncertain path has all of Florida preparing for a major hurricane

Editor’s Note: Affected by the storm? Use on CNN lite site for low bandwidth. CNN — Its exact path still uncertain, Tropical Storm Ian strengthened Sunday night as it churned in the Caribbean, threatening to arrive in Florida as a hurricane packing powerful winds and dangerous storm surge. Even as the storm grows stronger – … Read more