Author: super@dmin
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Coronavirus Update: Manufacturing hub Guangzhou is latest Chinese city to face lockdowns as COVID cases rise
The southern Chinese manufacturing city of Guangzhou is the latest to see lockdowns amid a surge in COVID cases, as the government presses ahead with the strict zero-COVID policy that has frustrated citizens.
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Economic Preview: U.S. inflation likely to post another sharp increase in October, CPI to show
Inflation in the U.S. likely rose sharply again in October, but the latest look at the cost of living might also show a few signs of easing price pressures.
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: Nursing home? No thanks. 70% of people surveyed would rather not.
A survey found a vast majority of older Canadians less inclined to enter a nursing home in the wake of the COVID-19 pandemic.
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: ‘The housing market will get smaller in 2023’: Redfin lays off 13% of staff
The real-estate brokerage announced that market conditions were tough and that it was laying off more than 800 employees, in a company-wide memo on Wednesday.
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Need to Know: A barbell strategy is just one thing worried investors should be doing now, says this strategist.
EToro U.S. investment analyst Callie Cox finds a lot of negativity out there among investors. That’s not such a terrible thing, but here’s what they can do instead of just worrying.
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: JPMorgan Chase and 5 other U.S. megabanks behind one-third of global funding to expand coal, oil and gas
Potential emissions from oil, gas and coal in already developed fields take the world well past 1.5°C of warming, says Rainforest Action Network.
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Earnings Results: Roblox stock sinks after earnings as losses swell
Roblox Corp. shares were tumbling in premarket activity Wednesday after the youth-centric virtual-world platform posted a wider loss than analysts were anticipating for the latest quarter
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: Morgan Stanley funds have billions riding on a bet against Goldman Sachs. It depends what happens on Thursday.
A long-running bet on the value of the Chinese yuan placed by Morgan Stanley funds are close to reaching its strike price ahead of Thursday’s expiration.
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Futures Movers: Oil prices on track to fall for third session as traders await U.S. inventory report
Oil futures sold off again on Wednesday, on track for a third day in the red, as fears about waning demand in China continued to weigh on prices.
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MarketWatch First Take: Kohl’s CEO loss is Levi Strauss’s gain, says retail expert
Kohl’s CEO Michelle Gass will step down Dec. 2, and join Levi Strauss in January