Stocks Notch Third Day of Losses on Growth Jitters: Markets Wrap
US stocks fell for a third day as risks from rising interest rates to economic growth and earnings kept a grip on sentiment.
US stocks fell for a third day as risks from rising interest rates to economic growth and earnings kept a grip on sentiment.
The US Supreme Court said it had failed to identify the culprit after an eight-month investigation into last year’s unprecedented leak of its opinion overturning the constitutional right to abortion.
Senate Republican leader Mitch McConnell dismissed concerns about the US government defaulting on its obligations later this year, when the Treasury Department risks running out of money.
The smallest players in Australia’s A$3.3 trillion ($2.3 trillion) pensions industry face a double whammy this year: even more pressure to outperform rivals as they navigate markets still overwhelmed by rate hikes and stubborn inflation.
Oil rebounded on Thursday as investors bet that revived demand from China would outweigh swelling US stockpiles.
Mexican President Andres Manuel Lopez Obrador said problems with four Canadian companies over his nationalist energy policy are resolved, after meeting with them Wednesday.
FTX’s controversial FTT token surged by more than 40% after the bankrupt company’s new chief executive, John J. Ray III, said that he’s exploring the possibility of restarting the crypto exchange.
Australia could be heading for a period of drought and intense bushfires toward the end of the year as the nation grapples with climate extremes that’s costing the economy billions of dollars.
The sudden dismantling of China’s Covid Zero restrictions in December means hundreds of millions of people are headed home for the Lunar New Year holiday for the first time since 2019. The crush of travel risks supercharging the world’s biggest Covid outbreak, spreading it to every corner of the country.
Minebea Mitsumi Inc. Chief Executive Officer Yoshihisa Kainuma — dubbed the “King of Deals” in Japan — expects the yen to strengthen past a key level of 120 per dollar soon, after which he’s ready to resume actively pursuing foreign acquisitions.