The S&P 500 and the Nasdaq inched higher on Monday after last week’s strong gains, with investors cautious ahead of quarterly results from industry heavyweights through the week. The Dow Jones Industrial Average fell 9.29 points, or 0.03 percent, at the open to 34,499.74. The S&P 500 opened higher by 3.44 points, or 0.08 percent,…
Dollar Hovers Around 15-month Low as Traders Await Policy Decisions
LONDON/SYDNEY—The dollar edged lower on Monday against a basket of currencies after suffering its biggest weekly drop of the year as traders waited on economic data and policy decisions before selling it down any further. The euro continued climbing, rising 0.15 percent to hit a fresh 16-month high at $1.12440. Versus the yen the dollar…
Oil Slides More Than 1 Percent as Chinese GDP Dents Demand Hopes
LONDON—Oil dropped by more than 1 percent on Monday after weaker than expected Chinese economic growth fuelled concern over demand in the world’s second-biggest oil consumer while a partial restart of halted Libyan output also pressured. China’s gross domestic product (GDP) grew 6.3 percent year on year in the second quarter, compared with analyst forecasts…
Global Shares, Dollar Sag After China Data; Traders Bet on Fed Sea Change
July 17, 2023
admin
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
0 Comment
LONDON—Global shares and commodities slipped on Monday after data showed the Chinese economy is growing a lot more slowly than expected, while the dollar eased as traders ramped up their bets for an imminent end to U.S. rate rises. China reported economic growth of 0.8 percent in the second quarter, above the 0.5 percent forecasted,…
The CCP Lowers US Dollar Interest Rates to Stabilize China’s Yuan
The Chinese Communist Party (CCP) has recently implemented two reductions in interest rates for U.S. dollar deposits in order to stabilize the exchange rate of the Chinese yuan. Analysts have raised concerns about the rapid depreciation of the yuan, which could lead to an increased outflow of funds from China and potentially heighten the risk…
Australian Treasurer Remains Positive About Progress of A Global Minimum Tax at G20 Meeting
Australian Treasurer Jim Chalmers expects to see some progress on the global minimum tax reform in the coming days as he flies to India to attend a major G20 meeting. G20 financial ministers and reserve bank governors will gather at Gandhinagar, India, from July 17-18 to discuss crucial issues concerning the global economy. One major…
Tough Gauntlet Ahead for New Reserve Bank Chief
July 16, 2023
admin
AustraliaAustralian economyBusiness & Marketseconomic policiesinflationInternationalMichele BullockOpinionRBArecessionViewpointsWorld
0 Comment
Commentary The job of Reserve Bank of Australia’s (RBA) governor might be one to dodge at the moment, but having waited 38 years for the opportunity I guess new Governor Michele Bullock was not going to say no. There are a lot of challenges sitting in her in-tray from day one, including expansionary federal and…
ANALYSIS: The Key to ESG: Controlling the Shareholder Vote
July 15, 2023
admin
Anti-ESGBlackRockBusiness & MarketsCompaniescongresseconomic policiesESGInvestmentPoliticsState StreetUSUS NewsVanguard
0 Comment
During the discussion in which BlackRock CEO Larry Fink told his audience that his firm was “forcing behaviors” on companies whose shares it held, he also divulged a key lever of the progressive movement to control corporations: proxy voting. Fink told attendees at a 2017 New York Times conference that as an index fund manager,…
Hybrid Work Trend May Crash Commercial Real Estate Values By 2030, Says McKinsey
July 15, 2023
admin
Business & Marketscommercial real estateCompanieseconomic policieseconomyGlobal Real Estatehybrid workInvestmentMarketspandemicreal estateremote work
0 Comment
A trend towards hybrid and remote work since the pandemic may cut $800 billion from office property values by the end of the decade, according to a recent study by consulting firm McKinsey. McKinsey said that employees continued to spend far less time working at the office compared to the pre-pandemic era, The survey, published on July…
Worst Case Scenario: Hybrid Work Trends May Result in Office Space Demand Falling 38 Percent by 2030, Says McKinsey
July 15, 2023
admin
Business & Marketscommercial real estateCompanieseconomic policieseconomyGlobal Real Estatehybrid workInvestmentMarketspandemicreal estateremote work
0 Comment
A trend towards hybrid and remote work since the pandemic may cut $800 billion from office property values by the end of the decade, according to a recent study by consulting firm McKinsey. McKinsey said that employees continued to spend far less time working at the office compared to the pre-pandemic era, The survey, published on July…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`