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What to do as the market go crazy!
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2 things you wanted to do when the market go crazy
The Federal Reserve’s low-interest-rate stance, and trillions of dollars of stimulus spending, inundated the markets with cheap money. That drove stocks up. (AP)
6 min read.Updated: 29 Jan 2022, 02:02 PM ISTJason Zweig, The Wall Street Journal
Turbulent times can cause investors to make decisions they’ll later regret. Here’s how to stay afloat in these choppy waters without sinking your future. How much worse can it get?
REUTERS Image caption Russia says its SU-27 fighter jets were trying to identify the US plane The Pentagon says a Russian fighter plane flew within about 10ft (3m) of one of its reconnaissance aircraft operating over the Black Sea. US officials described the intercept by the SU-27 jet on Wednesday as "dangerous and unprofessional". Russia's defence ministry said the US plane had been approaching Russian territory and the SU-27 pilots had adhered to international rules. Russia is currently carrying out military exercises in the Black Sea. Pentagon spokesman Capt Jeff Davis said the US Navy P-8A Poseidon aircraft had been conducting routine operations in international airspace when the Russian fighter made the unsafe manoeuvre. "These actions have the potential to unnecessarily escalate tensions, and could result in a miscalculation or accident," he said. A US defence official quoted by AFP news agency said the Russian plane had f...
A Texas mattress shop is to close after facing a backlash for a 9/11-themed advert described as "tasteless". At the end of the advert staff knock over two towers of mattresses Miracle Mattress faced strong criticism after its "twin tower sale" offered every mattress sold on the anniversary of the attacks for the price of a smaller twin mattress. In the clip, staff fall into two towers of mattress, knocking them over. "We'll never forget," the presenter of the clip says in the now withdrawn advert. Miracle Mattress owner Mike Bonanno said that "effective immediately, our Miracle Mattress store will be closed indefinitely", in a statement released on Friday. "We will be silent through the 9/11 Anniversary to avoid any further distractions from a day of recognition and remembrance for the victims and their families." In a letter published earlier, Mr Bonanno apologised, saying the video had been produced at the compan...
GETTY IMAGES The failed Hanjin shipping group is desperately seeking funds to rescue $14bn (£10.5bn) worth of cargo stranded round the world following its collapse. Hanjin filed for receivership in South Korea last week after attempts to bail out the indebted company failed. Ports have refused to accept Hanjin cargoes without guarantees that port fees will be paid. However, creditors, banks and the South Korean government are all reluctant to put up the cash. The global economic downturn, fierce competition and falling prices has hit profits across the cargo shipping industry and Hanjin collapsed with debts of about $5.4bn (£4.1bn) last month. There are an estimated 89 Hanjin ships out of its 141-vessel fleet in difficulty, and some have been seized by creditors. The ships contain everything from computer parts to perishable food with many of the cargoes destined for the Christmas market in the US and Europe. Cargoes ahoy Samsung Electronics has said it has goods w...
6 min read . Updated: 29 Jan 2022, 02:02 PM ISTJason Zweig, The Wall Street Journal
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