Tech Stocks Lead Market Lower as Investors Await Inflation Data
U.S. stock indexes declined as investors monitored earnings reports and economic data ahead of key inflation figures due later this week.
Chip Makers Expect Demand Slowdown to Expand Beyond PCs, Smartphones
The White House committed to long-term U.S. chip expansion as companies are dialing down their near-term spending.
Russia Stops Oil Flowing Through Pipeline to Central, Eastern Europe
Russian oil has stopped flowing through a pipeline that supplies Slovakia, Hungary and the Czech Republic, blaming payment difficulties caused by Western sanctions on Moscow.
Senate Bill's $27 Billion in Green Funds Could Spur Private Investment
The Inflation Reduction Act includes money for green banks that help funnel funds into renewable projects, giving a boost to private lenders that can invest alongside them.
U.S. Productivity Falls for Second Straight Quarter
U.S. nonfarm labor productivity fell at a seasonally adjusted annual rate of 4.6% in the second quarter from the prior quarter.
Rapid Wage Growth Keeps Pressure on U.S. Inflation
Pay increases have exceeded an annual 5% every month this year as companies vie for workers in tight job market, a factor contributing to four-decade high U.S. inflation.
State, City Pension Funds Post Worst Year Since 2009
Simultaneous declines in stocks and bonds hammered public pension funds in the latest fiscal year, adding to pressure on government finances.
Blasts Rock Russian Air Base in Crimea
A series of explosions on the strategically pivotal peninsula of Crimea triggered an evacuation, Russian officials said, fraying nerves as Ukraine presses on with a counteroffensive aimed at liberating the south of the country from Russian control.
Tesla Faces Crowded Field in China as New-Energy Car Market Booms
Sales of electric and hybrid cars in world's biggest auto market are forecast to hit a record six million this year.
Australian Consumer Confidence Slumped in August
Australian consumer sentiment slumped in August to a level consistent with the weak economic conditions that occurred during the Global Financial Crisis.
(END) Dow Jones Newswires