Top economists unanimous on ‘higher for longer’ rates as inflation threats linger
Top economists and central bankers appear to be in agreement on one thing — and it’s not a good thing for global markets.
Financial News
China says Israel’s actions in Gaza are ‘beyond self defense’ as U.S. races to avert wider conflict
Chinese Foreign Minister Wang Yi’s comments came as world leaders worked to prevent an escalation of the Israel-Hamas war into a broader Middle East crisis.
Iran-backed Hezbollah joining Israel-Hamas conflict would be a ‘game changer,’ Middle East expert says
With an Israeli ground incursion potentially imminent in the north of the Gaza Strip, the conflict could grow to involve other regional actors, analysts say.
JPMorgan Chase CEO Jamie Dimon warns this is ‘the most dangerous time’ for the world in decades
The head of the largest U.S. bank by assets cited the ongoing war in Ukraine as well as the attacks Hamas launched on Israel last weekend.
China’s exports and imports drop again in September
China’s trade slumped this year amid lackluster global demand for Chinese good and muted domestic demand.
China’s ‘Big Four’ banks rally after state wealth fund boosts stake
Central Huijin Investment lifts stake in four of China’s biggest banks to boost market confidence.
China’s consumer spending isn’t roaring back to pre-pandemic levels yet
China’s consumer spending still isn’t growing as fast as it did before the pandemic, analysts said.
Country Garden says it may not be able to repay debt, warns of uncertainty around liquidity position
Chinese property giant Country Garden has not been able to meet its debt obligations and warned of uncertainty around its liquidity position.
Oil prices jump 4% in the wake of Hamas attack on Israel
Oil prices popped on Monday as the Israel-Hamas conflict extends into a third day following a surprise attack on Israel by Palestinian militants Hamas.
The big AI and robotics concept that has attracted both Walmart and Softbank
Symbotic is an AI-powered warehouse technology that has deals with Walmart, Target and Albertsons. Its stock is up a lot, and Walmart is a big shareholder.