Dow Up More Than 500 Points as Stock Markets Turn Positive for the Week
U.S. share benchmarks rose sharply as investors remained upbeat that trouble with property giant China Evergrande could be contained while digesting the Federal Reserve's decision to tee up a reversal of its stimulus measures.
Pelosi Says Government Funding Won't Lapse
The comments are the first hint that Democrats might decouple the government's funding from a contentious increase in the debt limit, on the same day that the Biden administration began preparing for a possible partial shutdown.
Democratic Leaders Scramble to Find Areas of Agreement on $3.5 Trillion Spending Bill
Disagreements between the party's centrist and liberal factions on healthcare and climate-change bill could delay a separate $1 trillion infrastructure package.
America's Cash Might Stay on the Sidelines
Households are sitting on a lot of savings, and it isn't clear when they will feel comfortable spending it.
Merger Mania Is Only Part of the Solution for Asset Managers
Getting bigger is a way for managers to cope with fee pressure, but mergers can be tough and product also matters a lot.
U.K. Consumer Confidence Wanes in September
Confidence among British consumers took a hit in September, falling to a five-month low, as concerns over high inflation and the end of government support soured consumers' mood.
Norges Bank Lifts Key Rate, Sees a Further Raise in December
Norges Bank became the first major central bank to raise interest rates after the Covid-19 pandemic, lifting its key rate to 0.25% from zero while suggesting a further raise later this year.
China Prepares for Downfall of Debt-Laden Evergrande
Beijing, reluctant to bail out the country's most heavily indebted property developer, is asking local officials across the country to prepare for a "possible storm."
Economic Growth in U.S. and Europe Slows
Concerns over the fast-spreading Delta variant and continued supply bottlenecks weighed on business activity, but growth expected to pick up in coming months.
Turkish Lira Falls Near Record Lows After Rate Cut
The move to cut Turkey's key policy rate to 18% from 19% could complicate the country's path to economic recovery from the Covid-19 pandemic and a prolonged inflation problem.
(END) Dow Jones Newswires