Nasdaq index futures hit a record high on Friday as investors sought economically stable sectors after a small delay in voting on President Joe Biden’s $1.75 trillion spending bill, while rising COVID-19 cases in Europe also dented sentiment. S&P and Dow futures fell tracking losses in banks, airlines, and other economically sensitive sectors. Uncertainty over…
Nasdaq Futures at Record High as Economic Concerns Drive Tech Demand
November 19, 2021
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Yellen Tells IMF’s Georgieva Data-Rigging Probe Raised ‘Legitimate’ Concerns: Treasury
October 12, 2021
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WASHINGTON—U.S. Treasury Secretary Janet Yellen told International Monetary Fund Managing Director Kristalina Georgieva on Monday that a law firm’s report into World Bank data-rigging allegations against the IMF chief “raised legitimate issues and concerns” but a lack of direct evidence meant a leadership change was unwarranted. Yellen said in the statement that “proactive steps must…
Futures Slide 1 Percent Over Inflation Concerns
October 6, 2021
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U.S. stock index futures fell about 1 percent in early New York hours on Wednesday as soaring oil prices fed into fears of higher inflation, while a stalemate continued in the U.S. Congress over the government debt ceiling. Asian and European stocks fell earlier in the day as oil hit a multi-year high above $83…
Oil Climbs for Sixth Day on Supply Concerns, Brent Tops $80
September 28, 2021
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TOKYO—Oil markets climbed for a sixth day on Tuesday, reversing earlier losses, on fears over tight supply while surging prices of liquefied natural gas (LNG) and coal also lent support. Brent crude futures gained $1.05, or 1.3 percent, to $80.58 a barrel at 0645 GMT, after reaching its highest since October 2018 at $80.75 earlier…
Apple, Google Raise New Concerns by Yanking Russian App
September 22, 2021
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BERKELEY, Calif.—Big Tech companies that operate around the globe have long promised to obey local laws and to protect civil rights while doing business. But when Apple and Google capitulated to Russian demands and removed a political-opposition app from their local app stores, it raised worries that two of the world’s most successful companies are…
Oil at One-Week High as US Supply Concerns Dominate
LONDON—Oil rose more than 1 percent on Monday, supported by concerns over shut output in the United States because of damage from Hurricane Ida, with analysts expecting prices to remain rangebound in a stable market over the coming months. Brent crude rose 90 cents, or 1.2 percent, to $73.82 a barrel by 1049 GMT and…
Apple’s App Store Changes Face Scrutiny of Regulators, Lawmakers
In the space of a week, Apple Inc. made two sets of changes to its App Store rules, which are the subject of lawsuits, regulatory probes, and legislation around the world, but the tweaks do not address the biggest concerns raised. Lawmakers and regulators are considering dismantling the App Store business model, an outcome that…
Bloomberg Forum Moves Back to Singapore Amid Concerns Over Press Treatment in China
May 6, 2021
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BEIJING—The Bloomberg New Economy Forum will move to Singapore this year, in part because of the “very concerning” conditions journalists face in China, according to comments by Bloomberg founder Michael Bloomberg reported by the Financial Times. The Nov. 16-19 event will be limited to 400 participants, with sustainability as well as COVID-19 and how countries…
MPs Cite ‘Serious Concerns’ Over England Lockdown Exit Clarity
The UK government needs to provide transparent criteria for lifting lockdowns, says a report by a committee of MPs that cites “serious concerns” about lack of clarity. “For the Government to build public confidence, it is absolutely vital that it is open on how it reaches its decisions and the data underpinning them,” MP William…
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