NEW YORK—U.S. stocks finished lower on Tuesday, extending losses late as investors grew more jittery in the run up to third-quarter earnings, while a jump in Tesla shares helped support the market. Adding to investor caution, the Federal Reserve is expected to release minutes on Wednesday from its last policy meeting, which market participants will…
Wall Street Closes Lower on Jitters Ahead of Earnings, Fed Minutes
October 13, 2021
admin
Business & EconomyCompaniesearningsEconomieseconomyFedInvestmentjittersLocal NewslowerMarket WatchMarketsNew YorkNY NewsRegional-Local NewsUSUS NewsWall Street
0 Comment
Evergrande Misses Third Round of Bond Coupon Payments, Intensifying Contagion Fears
October 12, 2021
admin
Business & EconomyChinaChina Business & EconomyCompaniescouponEconomiesevergrandeHK BusinessHong Kongpayments
0 Comment
HONG KONG—China Evergrande Group on Tuesday missed its third round of bond payments in three weeks, intensifying market fears over contagion involving other property developers as a wall of debt payment obligations come due in the near-term. Some bondholders said they did not receive coupon payments totalling $148 million on Evergrande’s April 2022, April 2023,…
Australian First Home Buyers to Suffer as Lending Rules Tighten: Experts
First home buyers and low-income borrowers in Australia will have a more difficult time breaking into the housing market after the Australian Prudential Regulation Authority (APRA) decreased their potential borrowing capacity. The move by APRA to increase the minimum interest rate buffer on home loans from 2.5 percent to 3 percent from the end of October was designed…
Americans Are Quitting Jobs at Record Rates: Labor Department
A record number of U.S. workers voluntarily quit their jobs in August, led by bar and restaurant employees as well as retail staff, according to figures released Tuesday by the Department of Labor. The Labor Department’s monthly Job Openings and Labor Turnover Survey, known as the JOLTS report, showed that 4.3 million left their jobs. The…
Fed Policymakers Hone in on November Taper Timeline
Two U.S. Federal Reserve policymakers on Tuesday said that the central bank has kept pace with a planned move to reduce its bond buying program, cementing expectations the Fed will start withdrawing its crisis-era stimulus as soon as next month. “I myself believe that the ‘substantial further progress’ standard has more than been met with…
Talks to Remove Digital Taxes Should End Tariff Risks: US Treasury Officials
WASHINGTON—Negotiations over the withdrawal of existing digital services taxes after a landmark corporate tax deal should ultimately end the threat of tariff wars between the United States and several countries over the levies, U.S. Treasury officials said. In the OECD tax agreement, 136 countries last Friday agreed to adopt a 15 percent minimum corporate tax…
Japan Confronts Rising Inequality After Abenomics
TOKYO—Japan’s stock market has surged and luxury cars are selling fast in Tokyo after eight years of economic stimulus under Abenomics, but that new wealth is concentrated in a small slice of society rather than broadly distributed, data show. Addressing that divide has become a high priority for new Prime Minister Fumio Kishida, who promised…
IMF Cuts US Growth Forecast Due to Supply Chain Chaos, Weaker Spending
The International Monetary Fund (IMF) has slashed its growth forecast for the United States by one full percentage point, blaming supply chain disruptions and weaker consumption, while warning of growing economic risks to the world economy. In its most recent World Economic Outlook, released on Oct. 12, the IMF cut the growth forecast for the United States…
Job Openings Fall From Record High But Stay Elevated as Business Hiring Woes Persist
Job openings in the United States have eased from their recent record high, but remain historically elevated, and the quits rate has risen to an all-time high as the labor market disconnect persists where millions are unemployed while businesses struggle to find workers to fill vacant positions. The Labor Department’s Job Openings and Labor Turnover…
French Bank SocGen to Cut 3,700 Jobs, No Forced Redundancies
PARIS—French bank Societe Generale said on Tuesday it will cut 3,700 jobs between 2023 and 2025 as it merges its retail network with that of its unit Credit du Nord, but it added that there would be no forced redundancies. The new retail bank targets a headcount of 25,000 employees and the job cuts will…
-
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