(Reuters) -As an awful August gives way to an uncertain September, investors hope this month will confirm that the seemingly relentless rise in interest rates will end soon, meaning respite for both stocks and bonds. But there are a few snags. This September is chock-full of risk events, including central bank meetings, a G20 summit …
By David Randall NEW YORK (Reuters) -Signs of rising consumer stress are prompting some fund managers to grow more conservative in their outlooks, even as the broad stock market continues to rally. While unemployment remains near historic lows, the Federal Reserve’s inflation-fighting interest rate hikes are starting to weigh on households. Consumer confidence fell more …
Investors lower outlook for consumers as student loans, credit card debts pile up Read More »
By Nivedita Balu TORONTO (Reuters) – After a sharp rise in mortgage repayment terms over the past few quarters, Canadian banks’ home loans past 30 years have edged lower in the latest quarter but analysts say risks remain elevated with borrowing costs expected to stay higher for longer. The Bank of Canada’s 10 interest rates …
Canadian banks see dip in 30 year-plus mortgages, but risks remain Read More »
By Shristi Achar A and Noel Randewich (Reuters) – The S&P 500 ended higher on Friday after a jump in unemployment cemented expectations of a pause in interest rate hikes this month, while shares of streaming firms tumbled due to a rate dispute between Disney and Charter Communications. The Labor Department’s report showed the August …
S&P 500 ends higher as jobs data fuels rate-hike optimism Read More »
(Reuters) – Shares of Blackstone and Airbnb rallied in extended trade on Friday after S&P Dow Jones Indices said the two companies would join the S&P 500 index. Blackstone was up 4.1%, while Airbnb jumped 5% after S&P Dow Jones Indices said the companies would replace Lincoln National Corp and Newell Brands Inc before the …
Blackstone and Airbnb set to join S&P 500; shares climb Read More »
By Kailyn Rhone (Reuters) – See-through backpacks and jean shorts are among the popular last-minute purchases ahead of the new school year, several retailers said, as heat waves sweep the U.S. and security concerns grow at many middle- and high schools. Though U.S. student debt repayments will resume on Oct. 1, straining many Americans’ budgets, …
From ‘jorts’ to clear backpacks, US back-to-school spending to hit record high this year Read More »
By Susanna Twidale and Sarah McFarlane LONDON (Reuters) – Voluntary carbon markets have shrunk for the first time in at least seven years, as companies including food giant Nestle and fashion house Gucci reduced buying and studies found several forest protection projects did not deliver promised emissions savings. Preserving forests is crucial to meeting international …
Carbon credit market confidence ebbs as big names retreat Read More »
By Corina Pons and Helen Reid BARCELONA/LONDON (Reuters) – In a warehouse on the outskirts of Barcelona, women stand at conveyor belts, manually sorting T-shirts, jeans and dresses from large bales of used clothing – a small step towards tackling Europe’s towering problem of discarded fashion. Within a year, the sorting centre run by garment …
Fast fashion firms prepare for EU crackdown on waste mountain Read More »
By Lisa Pauline Mattackal (Reuters) – The full impact of the U.S. Federal Reserve’s interest rate hikes that began in March 2022 has still not been completely transmitted to the real economy, a former vice chairman of the central bank said on Friday. The Fed has cumulatively raised its target rate by 525 basis points …
Full impact of Fed hikes still to be seen in real economy, ex-vice chair Blinder says Read More »
(Reuters) -Walt Disney and Charter Communications traded salvos over their unresolved distribution agreement after several channels including ESPN went dark on Thursday for customers of Charter’s Spectrum cable service. Disney pulled ESPN, ABC and other cable channels off Spectrum, which serves huge markets including New York and Los Angeles, in the middle of U.S. Open …
Disney, Charter rates dispute spills over to TVs as ESPN, ABC go dark Read More »
