FedEx labor crunch gut punch to economic recovery

Supply chain, shipping woes to continue as long as COVID lives on: Cordero Port of Long Beach executive director Mario Cordero discusses shipping delays as a result of China’s Ningbo port shutdown. FedEx's labor shortage is having dire consequence's along the company's supply chain.  A shortage of truck drivers, package handlers and other workers are… Continue reading FedEx labor crunch gut punch to economic recovery

Putin is directing attacks on the US through cyberspace. Here's how companies can stay safe

Fox Business Flash top headlines for September 23 Check out what’s clicking on FoxBusiness.com. For Russia today, past is prologue.  The KGB was the vanguard of the Soviet Union. The Cold War was all about cloak and dagger espionage. Russian president Vladimir Putin served in the KGB and later as Director of Russia’s ruthless FSB security police.… Continue reading Putin is directing attacks on the US through cyberspace. Here's how companies can stay safe

Cathie Wood’s ARK Invest Buys for 9\/20

Markets were crushed to start out the week as concerns about solvency for a major Chinese lender have gained traction. Many analysts and strategists are calling this the correction markets have been due for after a particularly hot summer. ARK Funds like the markets took a beating on Monday. ARKX performed the best out of… Continue reading Cathie Wood’s ARK Invest Buys for 9\/20

Stock futures rally as investors shrug off Fed tapering signals

Weisberg: Markets are sitting on ‘head of a pin’ Energy expert Phil Flynn and Seaport Securities’ Teddy Weisberg analyze market reaction to Fed Powell’s address. U.S. stock futures continued higher Thursday as investors digested the Federal Reserve’s plans for tapering its asset purchase and raising interest rates.  Dow Jones Industrial Average futures rose 177 points,… Continue reading Stock futures rally as investors shrug off Fed tapering signals

The 'Southbound Connect' just made it easier for Chinese investors to buy overseas bonds

A new channel for mainland investors to purchase overseas debt, the Southbound Bond Connect, opened on Friday amid ongoing concerns surrounding developer Evergrande. HKMA Deputy Chief Executive Edmond Lau told CNBC that the channel's opening is a "major breakthrough" that completes the two-way opening of China's bond market through Hong Kong. That comes as questions… Continue reading The 'Southbound Connect' just made it easier for Chinese investors to buy overseas bonds

Treasuries Extend Steep Drop Seen Since Fed Announcement

Treasuries moved to the downside during trading on Friday, extending the pullback seen since the Federal Reserve’s monetary policy announcement on Wednesday. Bond prices remained firmly negative throughout most of the session after an early downward move. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, rose by… Continue reading Treasuries Extend Steep Drop Seen Since Fed Announcement

5 things to know before the stock market opens Thursday

Here are the most important news, trends and analysis that investors need to start their trading day: Dow set to jump after snapping four-day losing streak China prepares for possible Evergrande demise, says WSJ Initial jobless claims rise instead of decline as expected Fed decreased its forecast for economic growth, increased its outlook for inflation… Continue reading 5 things to know before the stock market opens Thursday

New York Fed researchers develop climate stress test for banks

(Reuters) – Researchers at the New York Federal Reserve Bank have developed an approach to measuring banks’ exposures to climate-related risks, a possible early step toward assessing whether financial institutions have enough capital on hand to withstand them.FILE PHOTO: A man walks by the Federal Reserve Bank of New York Building in New York City,… Continue reading New York Fed researchers develop climate stress test for banks

Daimler expands European battery network with 33% stake in ACC venture

BERLIN (Reuters) -Daimler’s Mercedes-Benz said on Friday it will take a 33% stake in battery cell manufacturer Automotive Cells Company (ACC), expanding its European sourcing of battery cells key to its EV ambitions and currently produced primarily in Asia.FILE PHOTO: Mercedes logo in Stuttgart, Germany, February 11, 2020. REUTERS/Andreas Gebert/File PhotoACC, founded in 2020 by… Continue reading Daimler expands European battery network with 33% stake in ACC venture

Kakao Pay pushes back planned $1.3 billion IPO to November

SEOUL (Reuters) -South Korean financial technology firm Kakao Pay Corp said on Friday it had decided to push back its planned initial public offering, worth as much as 1.5 trillion won ($1.28 billion), to November from October. The news comes a day before the revised Financial Consumer Protection Act fully goes into effect, requiring financial… Continue reading Kakao Pay pushes back planned $1.3 billion IPO to November

GRAINS-Wheat lingers near 2-week high on global supply worries

CANBERRA, Sept 24 (Reuters) – U.S. wheat futures edged higher on Friday to linger near a two-week high as concerns about global supplies stemming from adverse weather pushed the grain towards its second straight weekly gain. FUNDAMENTALS * The most active wheat futures on the Chicago Board Of Trade were up 0.1% at $7.18-3/4 a… Continue reading GRAINS-Wheat lingers near 2-week high on global supply worries

Stocks making the biggest moves midday: Salesforce, Darden, BlackBerry and more

Here are the stocks making headlines in midday trading. Salesforce — The software company rose 6.4% in midday trading after raising its full-year 2022 revenue guidance to between $26.25 billion and $26.35 billion. Analysts expected $26.31 billion. The company also gave 2023 revenue guidance of $31.65 billion to $31.80 billion. Darden Restaurants — The Olive Garden… Continue reading Stocks making the biggest moves midday: Salesforce, Darden, BlackBerry and more

European markets in positive territory as investors digest Fed comments

European stocks were trading higher after the open Thursday as global markets reacted to the latest statements from the U.S. Federal Reserve in which it said it was not ready to taper monetary stimulus yet. The pan-European Stoxx 600 index was up 0.7% in early morning trading. European stocks opened higher Thursday as global markets… Continue reading European markets in positive territory as investors digest Fed comments

U.S. business borrowing for equipment rises 21% in August – ELFA

FILE PHOTO: The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York City, U.S., April 26, 2020. REUTERS/Jeenah Moon(Reuters) – Borrowings by U.S. companies for capital investments rose 21% in August from a year earlier, the Equipment Leasing and… Continue reading U.S. business borrowing for equipment rises 21% in August – ELFA

Global steel output falls in August, first time in a year

FILE PHOTO: A customer jumps on piles of steel coils at a steel market in Jiaxing, Zhejiang province February 21, 2014. REUTERS/William Hong LONDON (Reuters) – Global steel production slipped by 1.4% year-on-year in August, the first decline in more than a year, and is likely to decline further in the coming months as officials… Continue reading Global steel output falls in August, first time in a year

Gilgamesh Dream Tablet to be returned to Iraq

Fox Business Flash top headlines for September 22 Check out what’s clicking on FoxBusiness.com. The United States will return a 3,500-year-old clay tablet that was looted from an Iraqi museum in 1991. The rare cuneiform tablet, believed to have been created during the sixteenth century B.C., includes inscriptions in Sumerian, a civilization of ancient Mesopotamia,… Continue reading Gilgamesh Dream Tablet to be returned to Iraq

GE to buy surgical tech firm BK Medical for $1.45 billion

FILE PHOTO: The logo of U.S. conglomerate General Electric is pictured at the site of the company’s energy branch in Belfort, France, February 5, 2019. REUTERS/Vincent Kessler/File Photo(Reuters) – U.S. conglomerate General Electric Co said on Thursday it would buy BK Medical for $1.45 billion in cash to tap into the firm’s surgical and therapeutic… Continue reading GE to buy surgical tech firm BK Medical for $1.45 billion

IEA's Fatih Birol: The path to net zero is a daunting task

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. London (CNN Business)The International Energy Agency, which was founded by rich industrial nations after oil shocks in the 1970s to promote secure and affordable energy supplies, says the world needs to stop… Continue reading IEA's Fatih Birol: The path to net zero is a daunting task

Real estate stocks lead Hong Kong shares higher on Evergrande assurances

Sept 23 (Reuters) – Hong Kong shares closed higher on Thursday, with assurances from debt-laden developer China Evergrande Group lifting real estate stocks as markets resumed trade after a holiday. The Hang Seng index rose 1.2%, to 24,510.98, while the China Enterprises Index gained 1.1%, to 8,733.73. ** China Evergrande soared as much as 30%… Continue reading Real estate stocks lead Hong Kong shares higher on Evergrande assurances

EMERGING MARKETS-Stocks cheer Evergrande jump; Turkey, S.Africa cenbanks eyed

* Evergrande jumps 16%, onshore bond coupon payment “resolved” * HK Shares rise 1%, EM stock index extends gains to day three * Turkey, S.African cenbanks seen holding rates * Brazil cenbank signals another 100bps hike Sept 23 (Reuters) – Broad-based gains on some relief over Evergrande lifted emerging market stocks on Thursday, while monetary… Continue reading EMERGING MARKETS-Stocks cheer Evergrande jump; Turkey, S.Africa cenbanks eyed

Asia-Pacific stocks mixed as investors continue watching Evergrande situation

Asia-Pacific stocks traded mixed on Thursday morning. Questions remain over whether embattled Chinese developer China Evergrande Group will pay the interest due on a dollar-denominated bond on Thursday. Hong Kong markets resume trading Thursday, while markets in Japan are closed. SINGAPORE — Shares in Asia-Pacific were mixed in Thursday morning trade as investors in Asia-Pacific… Continue reading Asia-Pacific stocks mixed as investors continue watching Evergrande situation

Cathie Wood’s ARK Invest Buys Over 225,000 Shares of Robinhood

One of the ARK Invest exchange-traded funds run by ETF star Cathie Wood bought over 225,000 shares of Robinhood Markets Inc. (NASDAQ: HOOD) on Friday, as the price of this ETF was up around 1% in Friday’s session. The fund is up a fair amount in the past year. ARK Next Generation Internet ETF (NYSEARCA:… Continue reading Cathie Wood’s ARK Invest Buys Over 225,000 Shares of Robinhood

Sensex rises over 100 points in opening trade

Tech Mahindra, NTPC, M&M, Titan and HCL Tech were among the gainers. Equity benchmark Sensex rose over 100 points in opening trade on Wednesday, September 22, 2021, tracking gains in IT stocks amid sustained foreign fund inflow. The 30-share Sensex, however, turned choppy to trade 36.75 points or 0.06 per cent lower at 58,968.52. Similarly,… Continue reading Sensex rises over 100 points in opening trade

5 things to know before the stock market opens Wednesday

Here are the most important news, trends and analysis that investors need to start their trading day: Dow set to bounce, looks to end streak of four down days Fed expected to signal on tapering, provide quarterly forecasts China's Evergrande settles interest payments on a domestic bond House Dems pass bill to avoid shutdown, suspend… Continue reading 5 things to know before the stock market opens Wednesday