SINGAPORE — Shares in Asia-Pacific dropped in Monday trade, as Japan’s markets plummeted. Meanwhile, China kept its benchmark lending rate unchanged. Japanese stocks led losses regionally, with the Nikkei 225 falling 4% in Monday trade. It later pared some of those losses but was still trading 3.43% lower in the […]
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Dow futures drop 200 points after the index’s worst week since October
Traders on the floor of the New York Stock Exchange, June 18, 2021. Source: NYSE Stock futures declined early Monday morning after the Dow posted its worst week since October. Futures on the Dow Jones Industrial Average dropped 207 points. S&P 500 futures and Nasdaq-100 futures both also traded in […]
Dow futures drop 180 points after the index’s worst week since October
Traders on the floor of the New York Stock Exchange, June 18, 2021. Source: NYSE Stock futures declined Sunday evening after the Dow posted its worst week since October. Futures on the Dow Jones Industrial Average dropped 182 points. S&P 500 futures and Nasdaq-100 futures both also traded in negative […]
American Airlines cancels hundreds of flights due to staffing crunch, maintenance issues
American Airlines planes at LaGuardia Airport Leslie Josephs | CNBC American Airlines said it canceled hundreds of flights this weekend due to staffing shortages, maintenance and other issues, challenges facing the carrier as travel demand surges toward pre-pandemic levels. About 6% of the airline’s schedule, or 180 flights, were canceled […]
China wants to build up its wine country into one that could rival France’s Bordeaux
A worker pours wine at a winery in Yinchuan, Ningxia Hui Autonomous Region in 2015. GOH CHAI HIN | AFP | Getty Images BEIJING — Fresh off a surge in wine exports and a visit from President Xi Jinping last year, China wants to turn its primary wine-producing region of […]
Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding
Chesnot | Getty Images Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry. The fresh funding round values the Hong Kong-based start-up at $1 billion. Investment bank China Renaissance led the round with participation from other high-profile investors including […]
Stock futures are mostly flat after Dow’s worst week since October
Traders on the floor of the New York Stock Exchange, June 18, 2021. Source: NYSE Stock futures are mostly flat on Sunday to kick off a new week of trading after the Dow posted its worst week since October. Futures on the Dow Jones Industrial Average shed 8 points, or […]
Beware of inflation ‘headwinds’: It could take a year to break even after a 10% to 20% market correction, economist Mark Zandi warns
Moody’s Analytics Mark Zandi has a message for investors: Brace for a significant market correction. The firm’s chief economist expects a more hawkish Federal Reserve will spark a 10% to 20% pullback. And, unlike the sharp drops over the past several years, Zandi anticipates a quick recovery won’t be in the […]
The right way for brands to approach Pride month (and all year round)
Procter & Gamble celebrates Pride with branded trikes and employees in the World Pride Parade on June 30, 2019 in New York City. Bryan Bedder | Getty Images More than ever, brands are signaling support for the LGBTQ+ community during Pride month. But experts say that true support has to […]
Op-ed: In Europe, Biden laid foundations for an alliance to preserve democracy and check authoritarians
To comprehend the audacious ambition behind President Joe Biden’s Europe trip this week, think of him less as U.S. commander-in-chief and more as the democratic (small “d”) world’s physician-in-charge. Eighty years ago, as far fewer democracies were under siege by surging authoritarian forces, Franklin Roosevelt in his famous “Four Freedoms” […]