- Markets Slide: Global stock markets ended the day mostly lower, with the S&P 500 experiencing the biggest decline. Concerns about rising interest rates and potential economic slowdown contributed to the slide.
- G20 Finance Ministers Meet: G20 finance ministers held a meeting to discuss the global economic challenges, including the war in Ukraine, inflation, and supply chain disruptions. (Source: The Economic Times)
- Boeing Faces Safety Concerns: A US study revealed confusion among Boeing staff regarding safety reporting procedures, raising concerns about the company's internal culture. (Source: The Economic Times)
- Nasdaq Leads Decline: The Nasdaq Composite suffered the steepest losses among major US indices, reflecting weakness in technology stocks.
- Earnings Mixed Bag: While some companies, like eBay and Agilent Technologies, exceeded earnings expectations, others, like Viatris, reported net losses, contributing to the market decline. (Source: Investopedia)
- Macy's Announces Closures: Department store chain Macy's announced the closure of 150 locations due to declining sales, highlighting the ongoing challenges faced by brick-and-mortar retailers. (Source: Investopedia)
- Global Growth Concerns: The International Monetary Fund (IMF) revised its global growth forecast downwards, citing the war in Ukraine and persistent inflation as key reasons. (Source: Various news sources)
- EU Debates Energy Embargo: The European Union continued discussions regarding a potential embargo on Russian oil imports, which could further strain energy markets globally.News Written by Dr Edward N Maltass of THE EViROCKS.
