Stocks Edge Lower as Data Gives Mixed Signals
U.S. stocks fell slightly as investors weighed the latest U.S. economic data on retail sales and jobless claims. Thursday's trading followed a day of losses in China and Hong Kong, where indexes were hit by fears of a slowdown.
Biden Steps Up Efforts to Advance $3.5 Trillion Spending Bill
The president met with two centrist senators and defended his plans to increase taxes on high-income households and U.S. companies.
U.S., China Jockey for Position in Pacific With Moves on Security, Trade
The U.S. has been amassing a network of alliances, and its latest effort with the U.K. aims to provide Australia with nuclear submarines to strengthen deterrence in the Indo-Pacific region. For its part, China said it would apply to join a regional economic pact.
Fed to Review Financial Trading Rules for Officials
The review follows news of stock trading by the Dallas and Boston Fed leaders.
MassMutual Fined for Failing to Oversee GameStop Trader Keith Gill, Others
A MassMutual subsidiary agreed to pay $4 million to settle an inquiry from Massachusetts regulators over the social-media and trading activity of its employees.
Surging Energy Prices Close U.K. Factories, Another Bottleneck in a World Full of Them
Soaring natural-gas prices prompted U.S. fertilizer maker CF Industries to close two U.K. plants, in a sign that Europe's energy crunch is affecting industry as the economy struggles with several other disruptions amid the recovery from the pandemic.
China Casts Itself as Ally to Workers in Battle With Big Tech
China's ruling Communist Party is pressing the country's largest digital platforms to improve conditions for tens of millions of contract workers, but critics see Beijing using the effort to tighten its control.
U.S. Economy Shows Resilience During Delta Surge
Americans increased spending at retailers last month, while employers have largely resisted the urge to lay off workers, both signs of strong demand in the economy.
Jobless Claims Remain Near Pandemic Low
U.S. initial unemployment claims rose slightly to 332,000 last week but remained near a pandemic low despite the impact of the Delta variant on the economy.
Detroit's Hopes to Be Valued More Like Tesla Hit Roadblocks
The pandemic has shown that old-school car stocks like GM and Volkswagen are still driven more by sales than high-profile technology developments
(END) Dow Jones Newswires
09-16-21 2115ET
