A cycler passes the entrance to the Tokyo Stock Exchange (TSE) headquarters building in the Nihonbashi area of Tokyo on May 2, 2024.Richard A. Brooks | Afp | Getty ImagesJapan’s Nikkei was set to over plunge 6% Monday while broader Asia markets were on course for a mixed open ahead of key economic data from China and Japan.The futures contract in Osaka was trading at 37,440 compared to the previous close of 39,038.16. Chicago contract was at 38,115. Should the Osaka futures prove accurate, the Nikkei could be looking at a plunge of 6.38%, compared to its last close. Retail…
Author: usaeverydaylife
Traders work on the floor of the NYSE. NYSEU.S. stock futures were flat to kick off the final trading session of September after the major averages rose to their third consecutive week of gains.Futures tied to the Dow Jones Industrial Average traded near the flatline. S&P 500 futures added just 0.04% and Nasdaq 100 futures inched up 0.08%.The 30-stock Dow rose 0.3% on Friday to finish at a new all-time high and end the week around 0.6% higher. The S&P 500 also gained about 0.6%, while the Nasdaq Composite climbed almost 1% during the week. Wall Street is on track to end…
Outbound travel from China is set to receive a much-anticipated jolt as “Golden Week” bookings show changes in where and why Chinese people are traveling.Buoyed by falling airfares, Chinese travelers are booking more overseas trips for the National Day holiday period, which extends from Oct. 1 to 7, according to Fliggy, a major travel booking platform in China.Data from Fliggy, an Alibaba Group subsidiary, shows travelers are headed to many of their usual haunts in Asia-Pacific: Japan, Hong Kong and South Korea plus Australia as well as Thailand, Malaysia, Singapore, and Vietnam in Southeast Asia. The United States also made…
States across the Southeastern U.S. started a massive cleanup and recovery effort on Sunday after winds, rain and storm surges from Hurricane Helene knocked out power for millions, destroyed roads and bridges, and caused catastrophic flooding from Florida to Virginia.The death toll continues to climb as emergency responses continue in South Carolina, Florida, Georgia, North Carolina and Virginia. The storm killed at least 69 people, according to a Reuters tally of state and local officials. Officials feared still more bodies would be discovered.Damage estimates ranged from $15 billion to more than $100 billion, insurers and forecasters said over the weekend.…
California Governor Gavin Newsom speaks to the press ahead of the presidential debate between US Vice President and Democratic presidential candidate Kamala Harris and former US President and Republican presidential candidate Donald Trump at the National Constitution Center in Philadelphia, Pennsylvania, on September 10, 2024. Matthew Hatcher | Afp | Getty ImagesCalifornia Gov. Gavin Newsom on Sunday vetoed a hotly contested artificial intelligence safety bill, after the tech industry raised objections, saying it could drive AI companies from the state and hinder innovation.Newsom said he had asked leading experts on Generative AI to help California “develop workable guardrails” that focus “on developing…
And now, 20 thoughts from college football’s Week 5, where, if you blinked, you missed a 75-yard touchdown.1. I keep waiting for college football to go the way of BlackBerry and Blockbuster as so many have predicted. But this weird thing keeps happening. When these teams full of amazing athletes step onto the field and play each other, it’s as if they don’t realize NIL deals and a bigger College Football Playoff are ruining the sport.Instead, they give us classics like No. 4 Alabama 41, No. 2 Georgia 34.2. Few could have seen Kirby Smart’s Bulldogs, winners of 42 consecutive…
Cranes stand over shipping containers at Port Newark on March 26, 2024.Spencer Platt | Getty ImagesA port strike on the U.S. East Coast and Gulf of Mexico will go ahead starting on Tuesday, the International Longshoremen’s Association union said on Sunday, signaling action that could cause delays and snarl supply chains.”United States Maritime Alliance … refuses to address a half-century of wage subjugation,” the union said in a statement. The United States Maritime Alliance, known as USMX, represents employers of the East and Gulf Coast longshore industry.If union members walk off the job at ports stretching from Maine to Texas,…
China’s surging stock market after the government outlined plans to boost the economy has suddenly tipped hedge funds and strategists to what would have recently been seen as one of the most contrarian trades around. The CSI 300, an index of stocks traded in Shanghai and Shenzhen, rallied more than 15% last week, its best week since 2008 . Earlier this year, the CSI 300 fell to six-year-lows. “There is no question that shares of quality businesses will bottom well ahead of final index bottoms,” a team led by JPMorgan chief China equity strategist Wendy Liu wrote in a report…
NEW YORK — As a two-strike fastball from Paul Skenes whizzed toward him, New York Yankees slugger Juan Soto read it as a ball and began backing off the plate. At a time when almost anything is debatable, there’s an overwhelming consensus that Soto has the best eye of any batter in baseball. This time, he had been duped. Soto jerked his front elbow out of harm’s way. But the Pittsburgh Pirates’ rookie phenom had painted a 100 mph heater on the black.Skenes struck out three in an abbreviated start Saturday, and each was its own chef’s kiss. Seeing Soto…
U.S. President Joe Biden gestures as he arrives to Dover Air Force Base in Dover, Delaware, U.S., September 27, 2024. Elizabeth Frantz | ReutersU.S. President Joe Biden said on Sunday he did not intend to intervene to prevent a port strike on the East Coast and Gulf of Mexico if dock workers failed to secure a new contract by an Oct. 1 deadline.”It’s collective bargaining. I don’t believe in Taft-Hartley,” he told reporters.Presidents can intervene in labor disputes that threaten national security or safety by imposing an 80-day cooling-off period under the federal Taft-Hartley Act. Source link
