While Federal Reserve policymakers voted on Wednesday to keep rates at near zero, they also pulled forward their expectations for rate hikes, suggesting a mix of optimism about the pace of economic recovery and fear that easy money policies would fan the flames of inflation. The Federal Open Market Committee (FOMC) on Wednesday released updated…
Fed’s Newest ‘Dot Plot’ Shows Growing Appetite for Rate Hikes as Inflation Bites
Investors Watch US Companies’ Record Profit Margins as Costs Rise Further
September 23, 2021
admin
Business & EconomyCompaniescostsEconomieseconomyInvestmentinvestorsMarginsMarket WatchMarketsprofitRECORDriseUS
0 Comment
NEW YORK—U.S. companies have retained strong profit margins through the pandemic because they have cut costs and passed along high prices to customers. The question is: How long can this go on? With inflation still strong, the ability for companies to keep margins at record levels is being closely watched by some investors and strategists…
Bank of England Nudges up Inflation Outlook, Split Over QE Widens
LONDON—The Bank of England said inflation would rise above 4 percent later this year, and two policymakers called for an early end to the central bank’s quantitative easing programme due to rising price pressures. Policymakers voted 7–2 to stick with the 895 billion pound ($1.2 trillion) asset purchase target they set in November 2020, when…
Futures Rise as Taper Fears Fade
September 23, 2021
admin
Business & EconomyCompaniesEconomieseconomyfearsfuturesInvestmentLocal NewsMarketsNew YorkNY NewsRegional-Local NewsrisetaperUSUS NewsWall Street
0 Comment
U.S. stock index futures rose on Thursday, indicating Wall Street was set to jump further from recent lows after investors largely brushed off concerns over the Federal Reserve’s plans for tapering. The Fed said on Wednesday it could begin reducing its monthly bond purchases by as soon as November, and that interest rates could rise…
US Trade Office Says GM Mexico Labor Case Concluded, Tariff Threat Lifted
September 23, 2021
admin
AmericasBusiness & EconomyCompaniesDistrict of ColumbiaEconomieseconomyGeneral Motorskatherine tailaborLocal NewsMexicoMichiganRegional-Local NewstarifftradeUSUS NewsWorld
0 Comment
WASHINGTON—A U.S. labor complaint under the U.S.-Mexico-Canada trade pact over a General Motors plant union vote in Mexico has been successfully concluded, lifting the threat of U.S. tariffs on the factory’s pickup trucks, the U.S. Trade Representative’s (USTR) office said on Wednesday. The United States opened the case in May after complaints that workers’ rights…
Newsom Signs Bill Targeting Production Quotas at Amazon and Other Warehouse Operators
September 23, 2021
admin
AmazonBusiness & EconomyCompaniesEconomieseconomyLocal NewsNorthern CaliforniaPolicyPoliticsproduction quotaRegional-Local NewsSouthern CaliforniaUSUS Newswarehouse
0 Comment
California Gov. Gavin Newsom has signed a bill that restricts the ability of retailers like Amazon to enforce production quotas on warehouse workers, a move hailed by labor advocacy groups but opposed by business organizations as needless and burdensome. The measure, called AB 701, passed the state assembly earlier in the month and was signed into…
Newsom Signs Bill to Limit Production Quotas at Amazon, Other Warehouse Operators
September 23, 2021
admin
AmazonBusiness & EconomyCompaniesEconomieseconomyLocal NewsNorthern CaliforniaPolicyPoliticsproduction quotaRegional-Local NewsSouthern CaliforniaUSUS Newswarehouse
0 Comment
California Gov. Gavin Newsom has signed a bill that restricts the ability of retailers such as Amazon to enforce production quotas on warehouse workers, a move hailed by labor advocacy groups but opposed by business organizations as needless and burdensome. The measure, called AB 701, was approved by the state Assembly earlier in the month and…
US Treasury’s Yellen Urges Irish Finance Minister to Take Global Tax Deal
September 23, 2021
admin
Business & EconomydealEconomieseconomyEuropefinanceIrishJanet YellenministerPaschal DonohoetaxUSUS NewsWorld
0 Comment
WASHINGTON—U.S. Treasury Secretary Janet Yellen urged Paschal Donohoe, the finance minister of low-tax Ireland, to take a “once in a generation opportunity” for a global deal that would stop a race to the bottom on corporate tax rates, the Treasury said on Wednesday. Despite pressure from Yellen and European Union officials, Ireland has not wavered…
Brazil Raises Interest Rates, Signals 3rd Big Hike Next Month
BRASILIA—Brazil’s central bank on Wednesday raised interest rates by 100 basis points and flagged a third straight hike of that size in October as it battles surging inflation with the world’s most aggressive monetary tightening. The bank’s rate-setting committee, known as Copom, decided unanimously to raise its benchmark rate to 6.25 percent as forecast by…
Fitch Cuts China 2021 GDP Forecast to +8.1 Percent Vs +8.4 Percent on Property Slowdown
September 23, 2021
admin
Business & EconomyChinaChina Business & EconomyEconomiesFitchforecastGDPLocal NewsNew YorkpropertyRegional-Local NewsslowdownUS
0 Comment
BEIJING—Fitch Ratings said on Sept. 16 that it had cut its 2021 economic growth forecast for China to 8.1 percent from 8.4 percent, citing the impact of the slowdown in the country’s property sector on domestic demand.
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta