Business

A shift in investor sentiment could see a further 20% downside for U.S. stock markets, according to the International Monetary Fund's director of monetary and capital markets.IMF research found that rising interest rates and future earnings expectations were driving down company valuations in the current market downturn, Tobias...

The U.S. government has introduced some of its most sweeping export controls yet aiming to cut China off from advanced semiconductors. Analysts said the move could hobble China's domestic chip industry.Mandel Ngan | AFP | Getty ImagesChina's ambitions to boost its domestic chip industry has likely become magnitudes...

JB Reed | Bloomberg | Getty ImagesIt's a double whammy for would-be homebuyers. Not only are interest rates soaring, it's getting harder to qualify for a loan.The average rate on the popular 30-year fixed mortgage climbed over 7% at the end of last week, according to Mortgage News...

It's Taiwan Semiconductor Manufacturing Company and Samsung's turn to fall apart as Chinese semiconductor ban deepens.

Climate scientists described the shocking images of gas spewing to the surface of the Baltic Sea as a "reckless release" of greenhouse gas emissions that, if deliberate, "amounts to an environmental crime."Anadolu Agency | Anadolu Agency | Getty ImagesTwo subsea pipelines connecting Russia to Germany are at the...

Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co. says the new U.K. government should be "given the benefit of the doubt."Al Drago | Bloomberg | Getty ImagesJPMorgan Chase CEO Jamie Dimon said new governments "always have issues" and U.K. Prime Minister Liz Truss should...

As we think about what happened to this particular industry that once promised secular growth year after year, it has been two-fold.

The General Motors world headquarters office is seen at Detroit's Renaissance Center.Paul Hennessy | LightRocket | Getty ImagesDETROIT — Shares of General Motors and Ford Motor each tumbled Monday after a pair of UBS downgrades citing expectations for weakening demand amid inflationary pressures.Ford's stock was down by roughly...

It's earnings purgatory season. Leading into earnings season, analysts typically do very little as they await company guidance. However, this earnings season is shaping up differently. Point 1: Earnings are expected to be up for the third quarter, but the extraordinary profits of oil companies are distorting the...

Uncertainty around the U.K. housing and mortgage market has spread among first-time buyers.Resolution Productions via Getty ImagesMortgage products have been pulled, payments are doubling and lenders are backing out of agreed deals; concern and uncertainty among Brits trying to buy a home skyrocketed last month after Finance Minister...