U.S.-China group seeking to bolster financial ties to meet in autumn- source
A group of Wall Street figures and Chinese officials aiming to strengthen financial sector ties and bolster bilateral relations plans to hold a virtual meeting for the first time in a year, a person familiar with the matter said on Wednesday.
Afterpay loss widens on higher marketing spend to tap new markets
Afterpay Ltd (APT.AX) said on Wednesday its annual marketing costs more than doubled as it entered new markets to tap a pandemic-driven boom in buy now, pay later (BNPL) services, widening the Australian company’s loss ahead of Square’s buyout.
GM workers’ historic vote in Mexico tests new trade deal
General Motors (GM.N) employee Mari says that for the past decade, she has felt powerless to demand higher pay at the plant in central Mexico that cranks out hundreds of thousands of profitable pickup trucks annually.
Stocks and oil slide as Delta’s spread muddies economic picture
WASHINGTON, Aug 17 (Reuters) – Major stock indexes slid and oil posted its fourth straight day of declines as investors grappled with mixed economic data and considered the economic impact of the ongoing spread of the Delta coronavirus variant.
Purdue’s Sackler: family has ‘responsibility’ to help curb opioid crisis but wants liability shields
A member of the Sackler family that owns Purdue Pharma testified on Tuesday that his family bears a “moral responsibility” to help abate the U.S. opioid crisis but said it will not contribute financially to the effort unless it receives broad legal protections.
Wall Street slumps after weak retail sales, Home Depot results
Wall Street’s main indexes slid on Tuesday, with the S&P 500 logging its biggest one-day percentage fall in about a month, weighed down by a drop in U.S. retail sales that raised concerns about the economic recovery, as well as by disappointing results from Home Depot (HD.N).
S&P 500, Dow hit record highs as defensive shares shine
The benchmark S&P 500 and the Dow industrials hit record highs on Monday as investors moved into defensive sectors and stocks recovered from losses earlier in the session, shaking off glum economic data out of China.
U.S. Treasuries’ foreign ownership in June rises to highest since Feb 2020 -data
Foreign holdings of U.S. Treasuries in June climbed to their highest since February 2020, Treasury Department data showed on Monday, in what analysts described as broad-based demand that helped drive yields lower for the month.
Analysis: Back with a bang, share buybacks offer boost for Europe Inc
Europe’s record-breaking earnings season has shown a sharp rise in the number of companies repurchasing their stock, raising investor hopes of big U.S.-style returns in a market that has historically focused on dividend payouts rather than buybacks.
U.S. Gulf of Mexico oil producers consolidation accelerates
Oil and gas producers in U.S. Gulf of Mexico have consolidated at a faster rate during the pandemic, new government data shows, as crashing prices squeezed out smaller drillers who had been seen as the industry’s future.
