When riots, rhetoric and solar event eclipse earnings growth
Market could bounce back from sell-off based on what Federal Reserve chief says at annual conference
US STOCKS fell last week and the Dow Jones Industrial Average snapped one of its longest ever streaks without a major sell-off as it plunged more than 2 per cent on Thursday.
The rally could be back on track this week, depending on what Federal Reserve chairwoman Janet Yellen says in a speech in Jackson Hole, Wyoming.
The chest- and war-drum beating match between the US and North Korea stopped last week, making what felt like it could be another Cuban missile crisis seem like just another bluff from the regime of Kim Jong Un.
For bricks-and-mortar retailers, the apocalypse remains nigh, however. Among the remaining companies with high investor expectations, sportswear retailers rolled over last week, in the wake of disappoint…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Philippines’ Recto sees rate-cut delay risk if peso sinks to 59
Ecuador president declares state of emergency over energy crisis
US Senate has agreement on Fisa reauthorisation, will vote on Friday night, Schumer says
US expects to finalise new Aukus trade exemptions in next 120 days
IMF concerned about debt, fiscal challenges facing low-income countries
Bank of Japan’s Ueda says ‘very likely’ to hike rates if inflation keeps rising