Wall Street ends sharply lower on fears of aggressive Fed

Go back to Wall Street ends sharply lower on fears of aggressive Fed

Instacart's Growth Continued in Q2 Ahead of IPO - WSJ

August 22, 2022 3:44 PM EDT

US grocery delivery firm Instacart experienced significant growth during the pandemic, as consumers flocked to the service during lockdowns.

That growth continued in the second quarter, with consumers sticking to online grocery deliveries despite soaring inflation and store reopenings ahead of its initial public offering, the WSJ said on Monday.

The company is preparing to go public later this year... More

'Positioning and Declining Inflation to Support Further Recovery' - JPMorgan

August 22, 2022 1:52 PM EDT

JPMorgan analyst Marko Kolanovic told investors in a note Monday that declining inflation and very low investor positioning will support a further recovery in markets.

The analyst also maintained their stance that inflation will resolve on its own as "distortions fade, and likely drive a Fed pivot, while a stronger H2 recovery in China should provide support for the global cycle."

"This, in combination... More