S&P 500 jumps on tech rally as Powell offers scant new clues By Investing.com

[ad_1] © Reuters By Yasin Ebrahim Investing.com –The S&P 500 jumped in wild trading after Federal Reserve chairman Jerome Powell offered little new clues on policy in a speech Tuesday, reiterating the need for more rate hikes in what will likely be a long-drawn-out battle against inflation.  The rose 0.9%. the gained 0.44% or 149 … Read more

Renewed U.S. junk bond rally ignites hope for more stuck buyout debt By Reuters

[ad_1] © Reuters. FILE PHOTO: U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Matt Tracy WASHINGTON (Reuters) – Banks are hoping to quicken the pace of offloading at least some of the billions of dollars of leveraged buyout debt stuck on their balance sheets since last year, … Read more