Finance News (Page 2)

Tech stocks bare brunt of inflationary selling: ASX to fall

12 May 2022 - US stocks fell across the board as investors assessed persistent inflation after the consumer price Index rose by an annual rate of 8.3 per cent. Some analysts see the data as a sign that the Fed is behind the curve in curbing inflation. CBA has delivered a $2.3b March quarter profit but warns of margin pressure. NAB has expressed interest in the banking arm of Suncorp.