Month: October 2024
South Korea factory activity shrinks sharply as overseas demand weakens, PMI shows
Aerial view of the capital city of Seoul in South Korea, seen at sunset. Tobiasjo | E+ | Getty Images South Korea’s factory activity contracted at the sharpest pace in 15 months in September as overseas demand slowed for the first time in the year, a private survey showed on Wednesday, suggesting a slow road to a full-blown […]
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Asia-Pacific markets fall as investors monitor Middle East tensions; Japan’s Nikkei down 1.5%
A MLB store in the Myeongdong shopping district in Seoul, South Korea, on Saturday, March 9, 2024. Bloomberg | Bloomberg | Getty Images SINGAPORE — Asia-Pacific markets opened lower Wednesday morning, following a poor start to the trading month on Wall Street that saw major indexes fall amid rising Middle East tensions. Australia’s S&P/ASX 200 opened […]
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Bitcoin tumbles back to the $60,000 level as tensions in the Middle East heighten
Jonathan Raa | Nurphoto | Getty Images Cryptocurrencies slid on Tuesday night, with bitcoin dropping back to the $60,000 level after a shaky start to what is usually one of its strongest months. The flagship crypto was last off by nearly 4% at $60,972.62, according to Coin Metrics. Around 4:45 p.m. Eastern time, bitcoin slid […]
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South Korea inflation cools more than expected as rate cut talk grows
Pedestrians walk past food stalls and shops in the Myeongdong shopping district of Seoul on March 26, 2024. Anthony Wallace | AFP | Getty Images South Korea’s consumer inflation cooled more than forecast in September and below the central bank’s target for the first time since early 2021, amid growing expectations of an imminent policy easing. […]
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Here’s how to position your fixed income portfolio for lower rates, according to strategists
The U.S. Federal Reserve made a big interest rate cut to kick off its first easing cycle in four years. What does this mean for fixed income? Since the Fed started hiking rates four years ago, cash has poured into short-term money markets such as Treasury bills as they offered attractive yields with rising rates. […]
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Stock futures fall slightly following rocky start to October: Live updates
Traders work on the floor of the New York Stock exchange during morning trading on May 17, 2024. Michael M. Santiago | Getty Images Stock futures slipped in overnight trading following a sour start to the new trading month and final quarter of 2024. Futures tied to the Dow Jones Industrial Average edged down 80 […]
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500 Starbucks locations have voted to unionize as labor talks continue
Demonstrators protest outside a closed Starbucks Corp. location at 505 Union Station in Seattle, Washington, US, on Saturday, July 16, 2022. David Ryder | Bloomberg | Getty Images Baristas at a Starbucks in Bellingham, Washington, became the 500th store to join the Starbucks Workers United union on Monday. Since the first location voted to unionize […]
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Port strike could reignite inflation, with larger economic impact dependent on how long it lasts
Port of Miami dockworkers strike near the port entrance and demand a new labor contract, on October 1, 2024 in Miami, Florida. Giorgio Viera | Afp | Getty Images A strike hitting ports along the East and Gulf coasts could stoke prices for food, autos and a host of other consumer goods but is expected […]
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Port strike fallout: Blockbuster weight-loss drug supply from Wegovy to Ozempic, Mounjaro, Zepbound, caught up in East Coast trade shutdown
An Eli Lilly & Co. Zepbound injection pen, March 28, 2024. Bloomberg | Bloomberg | Getty Images As a port strike stretching from New England to Texas halted nearly half of all trade coming into the U.S., customs data shows that critical medical devices and drug components for the booming, expensive weight-loss and diabetes drugs […]
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With Hurricane Helene disrupting travel, here’s what fliers need to know
Men inspect the damage from flooding in the aftermath of Hurricane Helene on Sept. 28, 2024 in Asheville, North Carolina. Sean Rayford | Getty Images News | Getty Images As the Southeast U.S. recovers in the aftermath of Hurricane Helene’s destruction, consumers looking to change their air travel plans to or from affected areas without […]
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