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Wall Street Weekahead: Corporate Debt Frenzy Rolls On As Worries Loom Over Markets
Investors are gearing up for the year's record-breaking pace of corporate bond issuance to continue in the coming week, even after the U.S. Federal Reserve rattled nerves at its September meeting with a gloomier-than-expected economic outlook. Investors are gearing up for the year's record-breaking pace of corporate bond issuance to continue in the coming week, even after the U.S. Federal Reserve rattled nerves at its September meeting with a gloomier-than-expected economic outlook. -
China's Economy Remains Resilient Despite External Risks, Says Xi
China's economy remains resilient and there are ample policy tools at Beijing's disposal despite rising external risks, President Xi Jinping said in remarks published on Saturday. China's economy remains resilient and there are ample policy tools at Beijing's disposal despite rising external risks, President Xi Jinping said in remarks published on Saturday. -
Indexes Drop More Than 1% As Tech Sell-off Continues
Major U.S. stock indexes were down more than 1% in afternoon trading as technology shares sold off again and investors kept worrying about rising coronavirus cases. Major U.S. stock indexes were down more than 1% in afternoon trading as technology shares sold off again and investors kept worrying about rising coronavirus cases. -
Tech Sell-off Weighs On Wall Street As Jobless Claims Remain High
Wall Street's main indexes fell on Thursday after data showed high levels of weekly jobless claims, while technology-related stocks resumed their slide with Apple Inc and Amazon.com Inc among the biggest drags on the Nasdaq. Wall Street's main indexes fell on Thursday after data showed high levels of weekly jobless claims, while technology-related stocks resumed their slide with Apple Inc and Amazon.com Inc among the biggest drags on the Nasdaq. -
U.S. Weekly Jobless Claims Stuck At Higher Levels
The number of Americans filing new claims for unemployment benefits fell last week, but remained perched at extremely high levels as the labor market recovery shifts into low gear and consumer spending cools amid fading fiscal stimulus. The number of Americans filing new claims for unemployment benefits fell last week, but remained perched at extremely high levels as the labor market recovery shifts into low gear and consumer spending cools amid fading fiscal stimulus. -
Sony PlayStation 5 To Launch In November Priced At $499.99 And $399.99
The pricing announcement sets the stage for a year-end showdown between Xbox and PlayStation, as consumers continue to flock to gaming optimised consoles offering exclusive titles. The pricing announcement sets the stage for a year-end showdown between Xbox and PlayStation, as consumers continue to flock to gaming optimised consoles offering exclusive titles. -
Top Huawei Executives Had Close Ties To Company At Center Of U.S. Criminal Case
An obscure Hong Kong-registered company stands at the center of the U.S. criminal case against China's Huawei Technologies and its chief financial officer. An obscure Hong Kong-registered company stands at the center of the U.S. criminal case against China's Huawei Technologies and its chief financial officer. -
Senator Rubio Urges Trump To Scrap TikTok-Oracle Deal If ByteDance Ties Remain
Marco Rubio and five other Republican senators called on the Trump administration to reject a proposed deal for Oracle Corp to become a "trusted technology provider" for popular social media platform TikTok's U.S. operations, if ties to Chinese owner ByteDance remain. Marco Rubio and five other Republican senators called on the Trump administration to reject a proposed deal for Oracle Corp to become a "trusted technology provider" for popular social media platform TikTok's U.S. operations, if ties to Chinese owner ByteDance remain. -
Fading Fiscal Stimulus Restraining U.S. Consumer Spending
U.S. consumer spending slowed in August, with a key retail sales gauge unexpectedly declining, as extended unemployment benefits were cut for millions of Americans, ... U.S. consumer spending slowed in August, with a key retail sales gauge unexpectedly declining, as extended unemployment benefits were cut for millions of Americans, ... -
S&P 500 Ends Slightly Lower; Tech Declines Weigh Despite Fed's Low-rate Stance
The S&P 500 ended a choppy session slightly lower on Wednesday as losses in technology shares weighed down the index even after Fed vows to keep interest rates near zero until inflation rises. The S&P 500 ended a choppy session slightly lower on Wednesday as losses in technology shares weighed down the index even after Fed vows to keep interest rates near zero until inflation rises.