Analyst watching JOLTS report 'most closely'
STORY: The U.S. Labor Department's JOLTS report will likely show job openings dropped to 10 million in November from 10.334 million in October.
STORY: The U.S. Labor Department's JOLTS report will likely show job openings dropped to 10 million in November from 10.334 million in October.
KUCHING, Jan 31 — Sarawak DAP chairman Chong Chieng Jen is seeking the aid of the federal Deputy Finance Minister II Ste...
KUALA LUMPUR, Jan 31 — Nearly three out of four Malaysians between the ages of 18 and 40 are in debt, according to the l...
(Reuters) -A U.S. appeals court on Monday shot down Johnson & Johnson's attempt to offload tens of thousands of lawsuits over its talc products into bankruptcy court. J&J is among four major companies that have filed so-called Texas two-step bankruptcies to avoid potentially massive lawsuit exposure. The court ruled the healthcare conglomerate improperly placed its subsidiary into bankruptcy even though it faced no financial distress.
Decentraland’s MANA has surged 152% for the month, while The Sandbox’s SAND is up over 90%.
Wall Street stocks rallied Tuesday on mostly good corporate earnings after a mixed session in overseas markets ahead of key central bank decisions."For the most part earnings have been interpreted as pretty good," said Steve Sosnick of Interactive Brokers.
Asian stock markets were higher Wednesday after Wall Street rose ahead of what traders hope will be the last Federal Reserve interest rate hike for some time. U.S. futures declined. Traders assume the Fed will announce a rate hike of 0.25 percentage points but hope that will be the last for some time after data Tuesday showed U.S. wage growth slowed in late 2022.
U.S. stocks fell Monday as investors await a blockbuster week that includes the latest Fed meeting, a flurry of heavyweight earnings reports, and jobs data.
Want to be a parent one day? Well, it might be worth sorting your money out now. By Imy Brighty-Potts.
STORY: China’s economy got a boost from the Lunar New Year holidays. With lockdowns lifted, people were out in force to shop and celebrate. And that showed up in data out Tuesday (January 31). Closely watched Purchasing Managers’ Indexes climbed back above the 50-point level in January - that’s the level that separates growth and contraction. The index covering services surged from 41.6 last month, to 54.4 now. Manufacturing climbed more modestly, hitting 50.1. The rebound comes as health-crisis fears ease. That’s allowed retailers to reopen, boosting spending during the country’s New Year festivities. Figures out earlier had shown consumption over the period more than 12% up on a year before. Spending on holiday trips during the festive season surged by about three-quarters. Still, worries linger. As foreign economies weakened, so did demand for China’s exports - down close to ten percent on the year. Economists say gauges of employment, inventories and other factors all got worse, too. That leaves Beijing to pin its hopes on domestic spending. Over the weekend, the cabinet said it would promote a recovery in consumption as the main driver of the economy.
STORY: The euro zone has dodged a recession. Figures out Tuesday (January 31) showed surprise growth over the final three months of last year. The bloc’s economy eked out expansion of 0.1% over the fourth quarter. Not much, but better than the drop that economists had expected. Among big countries, Germany and Italy saw economic activity contract. But France and Spain posted expansion. The gains come despite an energy price crunch. Soaring costs for fuel have depleted household savings, and held back investment. They’ve also forced the European Central Bank into unprecedented rate hikes to cool inflation. But the region’s economy has shown unexpected resilience too. This week that prompted the IMF to raise its forecasts for growth. It now expects the euro zone economy to expand 0.7% this year. That’s up from an earlier prediction of 0.5%. Even so, growth in 2023 is expected to be among the weakest on record, thanks to falling real incomes and those surging rates. The ECB has already lifted rates by a total of 2.5 percentage points, and markets bet there is significantly more to come.
Defunct crypto trading firm Alameda Research – one arm of FTX founder Sam Bankman-Fried's former empire – wants to regain around $446 million transferred to bankrupt lender Voyager Digital prior to Alameda's own bankruptcy filing, a new lawsuit says.
So many conflicting signals, so little time to figure it all out. More on this and what else to know in markets on Monday, January 30, 2023.
Per Shell (SHEL), its fourth-quarter profits would be impacted by some $2 billion due to the imposition of windfall taxes by the UK and European Union.
French automaker Renault will slash its stake in Japanese partner Nissan as part of a deal rebalancing the rocky alliance between the two companies, the firms said Monday.Nissan will also invest in Ampere, "aiming to become a strategic partner", the firms said, without specifying how large the Japanese automaker's stake would be.
Yahoo Finance's Brian Sozzi discusses what American Express CEO Stephen Squeri had to say about the credit card company's largest shareholder, Berkshire Hathaway's Warren Buffett.
Big investors are dipping their toes into crypto waters again after a bumper month for bitcoin. Digital asset investment products, often favored by institutional investors, saw inflows of over $117 million last week, the biggest weekly increase since last July, according to data from asset manager CoinShares. Bitcoin was far and away the biggest draw, with funds tracking it responsible for $116 million of that.
GM is keeping the mighty V-8 engine, at least for a while.
Financial conditions have loosened to a point where Powell may detail the extent of easing is unwarranted, one observer said, warning of a pullback in risk assets.
American consumers are kicking off 2023 a bit less confident than they were at the end of last year as inflation and the possibility of a recession loom. The Conference Board reported Tuesday that its consumer confidence index slipped to a still-optimistic 107.1 in January, down from 109 in December. The business research group’s present situation index — which measures consumers’ assessment of current business and labor market conditions — rose to 150.9 from 147.4.
SYDNEY (Reuters) -Australia's Flight Centre Travel Group Ltd is raising A$180 million ($126.94 million) in one of the country's first major capital raisings of 2023 to buy British travel business Scott Dunn for A$211 million. The company said on Tuesday it had agreed a deal to buy the business which specialises in tailor-made luxury travel as its banks on a sustained rebound in global travel after the pandemic. Flight Centre is selling 12.3 million new shares at A$14.60 per share which is a 7.8% discount to the stock's closing price on Monday.