Business

Stock Takes: Inflation is coming. What to look out for when prices rise

Inflation is coming. Results of this week’s NZIER Quarterly Survey of Business Opinion added to a growing list of leading indicators that have pointed to inflation picking up. “The increase in both costs and prices points to rising inflation pressures, which is underpinning expectations of interest rate increases from the Reserve Bank over the coming […]

Business

How the U.S. stock market has treated new presidents

NEW YORK (Reuters) – President-elect Joe Biden is likely to start his term faced with the worst public health crisis in decades and an economy still reeling from a sharp coronavirus-led contraction earlier this year.FILE PHOTO: The Charging Bull or Wall Street Bull is pictured in the Manhattan borough of New York City, New York, […]

Business

US stock glitch: What can you buy for $123.47?

A slightly odd, temporary US stock market error saw the share price of several major tech firms wrongly listed at the same price. For a short time on Monday night, US time, firms including Apple, Microsoft, Amazon eBay and Zynga were all priced at $123.47 on the Nasdaq. Nasdaq blamed the “improper use of test […]