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China Hits U.S. With Levy on Chemical as Trade Tensions Rise
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Elder fraud on the rise in the U.S.
Scams targeting people over 60 are on the rise in the U.S., with $3.4 billion being stolen just last year, according to a new FBI report. Nicole Sganga has the details.CBS News - Top stories -
Hong Kong Shares Rise 0.7% in Morning Trade
Hong Kong’s Hang Seng Index rose in early trade, as markets reopened after the Labor Day holiday. Traders are likely digesting Fed comments on the lack of progress toward its inflation target, said IG.The Wall Street Journal - World - Hong Kong -
Beating inflation will likely require U.S. unemployment to rise
Americans are on a frustrating search for a soft economic landing.MarketWatch - Business -
Treasury Yields Fall Slightly After Fed Decision
The U.S. central bank confirmed expectations by holding interest rates unchanged.The Wall Street Journal - World - Federal Reserve -
Central U.S. hit with more severe weather
After a weekend of deadly tornadoes, the central U.S. is once again dealing with severe weather, including hail, heavy wind gusts and more tornadoes. The Weather Channel meteorologist Chris Warren has the forecast.CBS News - Top stories -
China Moving Forced Laborers Amid U.S. Crackdown, Biden Official Says
Coerced laborers are being moved out of Xinjiang as China makes efforts to frustrate supply-chain due diligence, a Labor Department official says.The Wall Street Journal - World - Joe Biden -
China signaled a new campaign to rekindle flagging growth, a fresh sign of rising angst at the top of China's government over the prospects for the world's second-largest economy.
China signaled a new campaign to rekindle flagging growth, a fresh sign of rising angst at the top of China’s government over the prospects for the world’s second-largest economy.The Wall Street Journal - World - China -
Trump trades New York worries for hit of adulation from his Maga faithful
On a day off from his criminal trial, the ex-president hit the campaign trail – and ran through his familiar litany of falsehoods and complaints. At a remote rural airport in Michigan, an outsized plane touched down as music from Tom Cruise’s film ...The Guardian - World - New York -
Oil prices ends lower as weekly U.S. crude supplies rise by over 7 million barrels
Oil futures fell for a third straight session on Wednesday, settling at their lowest level since mid-March, after official U.S. data revealed an unexpected weekly rise of more than 7 million barrels in domestic crude inventories.MarketWatch - Business -
Oil Extends Losses on U.S. Inflation Concerns
Oil prices were down more than 1% in Europe after the latest U.S. economic data further dented hopes the Federal Reserve could start cutting interest rates anytime soon.The Wall Street Journal - World
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Standard Chartered Posts Higher Profit on Trading Gains
The London-based bank posted a rise in first-quarter net profit due to higher trading income despite lower earnings from lending.The Wall Street Journal - World -
Asia's Manufacturing Recovery Remains Patchy
Asia’s factory activity weakened slightly in April, with output growth cooling and employment dropping in a sign of fragile confidence among manufacturers.The Wall Street Journal - World -
JPY Moves Stoke Fresh Talk of 'Yentervention'
A rise in the yen has stirred talk of intervention again, Maybank analysts said noting a suspicious move down by the USD/JPY after the Fed’s announcement.The Wall Street Journal - World -
NIO Shares Jump After Strong Sales Amid EV Price War
The Chinese electric-vehicle maker’s shares are on track for their largest one-day gain in more than two years.The Wall Street Journal - World -
The Exodus of China's Wealthy to Japan
Frustrations with Beijing’s autocratic political system and the economic slowdown have driven some people to leave China and settle in Japan.The Wall Street Journal - World - China