On Thursday, the world’s largest sportswear manufacturer, Nike Inc., joined competitors in sounding a warning about the impact of increased discounts and a rapidly strengthening dollar. A stock that had already been one of the worst performing Dow components for the year saw its value drop by 10% in after-hours trading. “The holiday season this […]
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The EU claims that the drop in Russian pipeline gas flows and record high LNG imports have produced anomalies in the present pricing system and hence calls for a new transaction-based benchmark for liquefied (LNG). Brussels is already contemplating new measures, as the 27 member states of the EU negotiate suggestions presented last week to […]
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Despite global financial market upheaval and preliminary evidence that their policies are harming the employment market, Federal Reserve officials will move on with rising U.S. borrowing costs to combat the corrosive effects of too-high inflation. After giving a speech at Boise State University on Thursday, San Francisco Fed President Mary Daly told reporters that she […]
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Reuters: HONG KONG Analysts and executives say that the Malaysian conglomerate Genting has emerged as a serious candidate to topple an existing Macau casino operator for a new licence, potentially setting in motion the most significant upheaval in the world’s largest gambling centre in over two decades. According to the Macau government, only six slots […]
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Initial trading on Friday saw oil prices relatively unchanged, but they were still on track for their first weekly rise in five weeks thanks to a combination of a lower U.S. dollar and speculation that OPEC+ may agree to cut petroleum output at its meeting on October 5. Futures contracts for November delivery of U.S. […]
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Foreign investors are undaunted by the prospect of a leftist former union leader replacing Brazil’s rightist president and ripping up the most significant fiscal guideline in the world’s 10th largest economy. Their calm confidence in Brazil is reflected in the fact that the local currency and stock market have risen this year, despite the country’s […]
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As President Emmanuel Macron weighs whether to move through with proposals to alter the pension system, the one-day strike is considered as a test of the unions’ capacity to organise support and a gauge of future societal discontent. According to CGT union leader Philippe Martinez, whose union is at the forefront of Thursday’s protests, “for […]
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For the day on the NYSE, Walmart Inc (NYSE:) was the top performer, with a gain of 0.96%, or 1.25 points, to close at 131.31. Meanwhile, Procter & Gamble Company (NYSE:) rose 0.10%, or 0.13 points, to conclude at 135.71, and Apple Inc. (NASDAQ:) gained 0.23%, or 0.34 points, to finish at 150.77. The Travelers […]
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In prepared remarks for delivery at the Massachusetts Institute of Technology, Mester argued that “where there is uncertainty, it can be preferable for policymakers to act more proactively since aggressive and pre-emptive action can avoid the worst-case consequences from really occurring.” Mester stated that she would be “extremely careful” when evaluating inflation and that she […]
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The dropped 1.1%, the dropped 1.1% (or 329 points), and the dropped 0.60%. Intraday gains in technology were erased by rising Treasury rates in response to Fed members’ comments that actions to halt growth, like as rate rises, increase the likelihood of a recession. The president of the Atlanta Federal Reserve, Raphael Bostic, recently stated […]
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