Nick Rummell
Courthouse News
New Jersey, United States
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Past articles by Nick:
As markets stability endures, sticky inflation frustrates investors anew
Inflation continues to stupefy investors, who are now beginning to fear the Federal Reserve may return to higher interest rate hikes, though markets themselves haven’t tumbled yet. → Read More
Massive jobs report stymies markets, treading water now on Fed fears
The Federal Reserve began its reduction in interest rate hikes this week, but a surprising jobs report has Wall Street worried the central bank isn’t done yet. → Read More
First stumble of 2023 invites review of recessionary data
After two weeks of positive gains to kick off January, markets suffered their first real loss of the new year as more companies announce layoffs. → Read More
Troubled by job data, markets kick off 2023 with mild gains
Investors were disappointed early in the week as ADP’s jobs report showed higher-than-expected gains, which indicates the Federal Reserve will continue to hike interest rates. → Read More
Should auld Fed chairmen be forgot? Investors carry recession fears into new year
Failing to build on the rally of 2021, Wall Street gave up most of last year’s gains as persistent inflation crashed against the fears of a Fed-driven recession. → Read More
Wall Street falters in bid to put September in the rear view
With sizeable gains on Monday and Tuesday, markets looked primed to claw back most of the losses in recent weeks. But after a cooling jobs report that promises higher interest rates next month, equities slid back down. → Read More
Markets crap out again to close out horrific September and quarter
Driven by inflation and the Federal Reserve’s response to it, bears are multiplying while the bulls die out. → Read More
Federal Reserve freaks out markets as Wall Street tests new lows
It shouldn’t have been a surprise, given the central bank’s plans have been written large on the proverbial wall, but investors still fled equities after this latest rate hike as worries about the Fed’s approach are increasing. → Read More
Second Circuit primed to, once again, decertify class action against Goldman Sachs
Hoping that the third time's the charm, pensions and other investors suing Goldman Sachs argued before the Second Circuit for the third time in 12 years in order to get their claims of securities fraud certified. → Read More
Wall Street suffers one of its worst weeks in years as recession worries loom
Inflation is not cooling as quickly as hoped, while growth is slowing, leading many investors to take on a bearish gait heading into next week when the Federal Reserve is expected to hike interest rates again. → Read More
Wall Street suffers worst day of 2022 as inflation defies forecasts
Inflation didn't recede in August as economists had predicted, it kept going up, which spurred Wall Street's worst day since the year began. → Read More
Markets falter, then recover, then falter again with slowing jobs data
Investors are unmoved by another positive jobs report, capping 20 months of significant job gains, as Wall Street losses from August bleed over into September. → Read More
After four weeks of gains, market pulls back slightly
Investors have had a good run for the past several months, particularly in the last four weeks, but that good run has come to a whimpering end. → Read More
Booming jobs data doesn’t lift Wall Street, which remains worried about Fed
Equity markets mostly stayed put this week despite a blockbuster jobs report. The reason, many experts believe, is that Wall Street still fears a hawkish Federal Reserve. → Read More
Markets race past dropping GDP and higher inflation
By some accounts, the U.S. economy is officially in a recession, though investors largely discounted that analysis and have rallied to end the week on a positive note. → Read More
Awaiting key earnings and next Fed rate hike, Wall Street continues win streak
Even though markets pulled out another winning week, recession and inflation worries are still nipping at investors’ heels. → Read More
Markets coast with small dip in face of red-hot inflation
Despite another booming inflation report this week, Wall Street managed to rally and end Friday with only slight losses. → Read More
Markets creep forward after jobs report assuages recession concerns
Wall Street digested another positive jobs report without related gains, as the good news for employment likely means the Federal Reserve will remain aggressive on interest rates. → Read More
FIFA official charged in bribery scheme changes plea to guilty
The Salvadoran soccer official had denied culpability months earlier in connection to the massive FIFA scandal. → Read More
Wall Street recovers in face of midweek selloff, shadow of virus
Many investors bought back into markets after bad retail numbers caused a violent reaction on Wall Street with trading volume down due to August vacations. → Read More