📈 U.S Stocks Power Towards Winning Week

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Markets

U.S Stocks power toward a big winning week (4 minute read)U.S. stocks soared on Friday as investors parsed through a medley of corporate financial results and pondered the possibility Federal Reserve officials may ease aggressive rate increases sooner than anticipated. The S&P 500 marched up 2.4%, while the Dow Jones Industrial Average rallied more 2.5%. The technology-heavy Nasdaq Composite also gained 2.3%.

Chinese Markets Tumble as Xi’s Tightening Grip Alarms Investors (4 minute read)China’s Yuan weakened and country’s stocks tumbled to the lowest level since the depths of the 2008 global financial crisis in Hong Kong. The offshore Yuan weakened as much as 0.7% to 7.2782 per dollar. The Hang Seng China Enterprises Index, a gauge of Chinese stocks in the city, plunged more than 5% to the lowest since 2008 even as economic growth data beat estimates. China’s benchmark CSI 300 Index fell as much as 1.9%.

European markets close lower as UK political chaos continues; retail stocks fall 3% (5 minute read)European markets closed lower on Friday as political chaos in the U.K. continued following the resignation of Prime Minister Liz Truss. The European Stoxx 600 closed down 0.6%, with most sectors and major bourses in negative territory. Retail stocks led the losses, down 3% for the session, though the U.K.’s FTSE 100 bucked the trend with a 0.37% rise.

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Investing

7 Top Stocks That Can Make You Richer in 2023 (7 minute read)For many, significant market downturns can tug at their emotions and test their resolve to remain invested. But history is quite clear that putting money to work during bear market declines is a smart move. The Motley Fool explore seven stocks that will put your money to work, including: Meta Platforms (META), Enterprise Products Partners (EPD), Mastercard (MA) and Berkshire Hathaway (BRK.A, BRK.B).

Oil prices drop as China demand data disappoints (2 minute read)Oil prices slid 2% on Monday after Chinese data showed that demand from the world's largest crude importer remained lacklustre in September as strict COVID-19 policies and fuel export curbs depressed consumption. Crude futures for December settlement fell $1.67, or 1.8%, to $91.83 a barrel after rising 2% last week.

4 Ways Investors Can Make the Most of Inflation (6 minute read)Housing costs are up, groceries are up, and the stock market is down. Inflation has some grim side effects, but could there be opportunities, too? Finance professionals share four strategies investors can use to make the most of inflation and volatile stock prices: Buy stocks 'on sale’, Target sectors that perform well during inflation, Take advantage of high-yield saving accounts and Explore opportunities for increasing income.

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Money

Your Grocery List Ranked by Inflation (3 minute read)Grocery bills are relentlessly higher these days, fueling inflation that’s stubbornly staying near its highest in decades. Which of the items on your regular list are going up the most? Overall, groceries have gotten 13% more expensive in the last year. Margarine (44%), eggs (30.5%) and flour (24.2%) saw the largest increases in the past year.

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