Borrowings by U.S. companies for capital investments rose 21 percent in August from a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Thursday. The companies signed up for $8.5 billion in new loans, leases and lines of credit last month, up from $7 billion a year earlier. However, borrowings fell 14 percent…
US Business Borrowing for Equipment Rises 21 Percent in August: ELFA
You’ll Want to Make Red Velvet Waffles for the Cream Cheese Glaze Alone
Whether you’re craving breakfast for dessert or dessert for breakfast, these impossibly fluffy red velvet waffles are sure to satisfy. The tangy cream cheese glaze perfectly complements the sweet waffles—drizzle it on top, or dunk the waffles in like donuts. Feel free to add other toppings as well, such as chocolate chips, berries, or walnuts….
China Evergrande Shares Slide 6 Percent in Early Trade
September 24, 2021
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HONG KONG—Shares of cash-strapped China Evergrande fell as much as 6 percent in early trade on Friday, paring gains of nearly 18 percent the previous day as time ticked by on an interest payment deadline for the country’s most indebted developer.
San Francisco Raises Tesla ‘Self-Driving’ Safety Concerns as Public Test Nears
September 24, 2021
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SAN FRANCISCO—San Francisco transport authorities on Thursday raised concerns about the safety record of Tesla’s advanced driver assistant system, as the electric car maker prepared a wide release of a test version of the software that works on city streets and highways. The San Francisco County Transportation Authority (SFCTA) also disputed the name of the…
Daimler Takes 33 Percent Stake in European Battery Cell Venture Automotive Cells Company (ACC)
September 24, 2021
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BERLIN—Daimler’s Mercedes-Benz said on Friday that it will take a 33 percent stake in battery cell manufacturer Automotive Cells Company (ACC) alongside the project’s original founders Stellantis and TotalEnergies. The purpose of the partnership is to develop cells and battery modules and “help ensure that Europe remains at the heart of the auto industry—even in…
Dollar Hovers Above One-Week Low as Evergrande Questions Persist
September 24, 2021
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LONDON—The dollar hovered above a one-week low versus major peers on Friday, taking a breather after its biggest drop in almost a month overnight, as questions lingered about the fate of property developer China Evergrande Group. The yen fell to its weakest since mid-August as Treasury yields pushed to the highest since the start of…
Stunning Photos Show Osprey Snatching Red Salmon out of Lake, Lifting Them Airborne
A talented wildlife photographer has captured an incredible series of images of osprey fishing for red kokanee salmon. The shots of keen-eyed raptors and captive crimson-colored fish, jaws gaping, immortalized in stunning detail, went viral. Ken Helal, a physician in his 50s from the inland northwest U.S., took the series over the course of several…
Asian Stock Markets Jittery as China Evergrande Woes Sap Confidence
September 24, 2021
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Asian shares were on edge on Friday (Sept. 24) hurt by persistent uncertainty around the fate of debt-ridden China Evergrande, even as more risk appetite drove gains for Wall Street and U.S. benchmark Treasury yields. Hong Kong markets opened slightly down with its benchmark Hang Seng Index starting Friday’s trade at 24,487.24 dipping 0.1 percent….
Business Activity Growth Hits 12-Month Low on Supply Hold-Ups and Capacity Shortages
Business activity in the United States in September grew at its slowest monthly pace in 12 months, with supply chain hold-ups and capacity shortages hampering growth. Data firm IHS Markit said on Sept. 23 that its flash U.S. Composite PMI Output Index (pdf)—which tracks the manufacturing and services sectors—retreated to a reading of 54.5 in…
Congressional Talks on Police Reform Crumble, With Both Sides Assigning Blame
Bipartisan congressional negotiations on police reform broke down this week after months of work. Sens. Tim Scott (R-S.C.) and Cory Booker (D-N.J.) were working with Rep. Karen Bass (D-Calif.) to try to reach a compromise on legislation that would address what they say are areas of policing that need changed. But the trio announced this…
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