Factory activity in Asia is weakening due to a global slowdown and cost pressures

Factory activity in Asia is weakening due to a global slowdown and cost pressures

Japan’s August PMI saw the weakest growth since January last year Manufacturing activity in Taiwan is declining in Malaysia China’s slowdown and US demand weigh on Asian economies TOKYO, Oct 3 (Reuters) – Factory output in Asia mostly weakened in September as a slowdown in demand in China and advanced economies added to pain from…

Reversing fall in UK confidence requires policy turnaround: economists

Reversing fall in UK confidence requires policy turnaround: economists

LONDON, Sept 27 (Reuters) – Investor confidence in Britain will only recover if Finance Minister Kwasi Kwarteng scraps the economic plan that unleashed such turmoil in financial markets, leading economists, investors and banks warned on Tuesday. The pound touched an all-time low of $1.0327 on Monday and British government bonds sold off at a furious…

Wall Street posts fourth straight day of gains ahead of CPI report

Wall Street posts fourth straight day of gains ahead of CPI report

Sign up now for FREE unlimited access to Reuters.com Register Headline CPI fell on Tuesday Bristol Myers Rises on FDA Approval for Psoriasis Drug Twitter says Musk’s latest attempt to cancel the deal is invalid Indexes rose: Dow 0.71%, S&P 1.06%, Nasdaq 1.27% NEW YORK, Sept 12 (Reuters) – Wall Street extended its winning streak…

As Fed warns of turbulence, markets are buckling their seat belts

As Fed warns of turbulence, markets are buckling their seat belts

WASHINGTON, Aug 15 (Reuters) – The Federal Reserve’s hawkish report on inflation quickly registered on U.S. housing markets this summer as mortgage interest rates shot up and home sales slowed. But that was the only significant and expected adjustment across the economy, which met the US central bank’s most aggressive monetary policy shift in a…

The dreaded “down rounds” reduce initial valuations by billions

The dreaded “down rounds” reduce initial valuations by billions

Aug 9 (Reuters) – Several high-flying startups are pulling back as the recent carnage in global stock markets and lackluster demand for new listings forces companies to raise funds at a steep discount to their sky-high valuations. The easy money from venture capital trading is quickly evaporating in an inflation-fueled high-interest-rate environment as many private…

Inflation is starting to strain the finances of young, low-income Americans

Inflation is starting to strain the finances of young, low-income Americans

A shopper wearing a face mask is pictured at a Dollar Tree store in Pasadena, California, U.S., June 11, 2020. REUTERS/Mario Anzuoni Sign up now for FREE unlimited access to Reuters.com Register NEW YORK, Aug 1 (Reuters) – As high inflation forces Americans to spend more on gas and bills, young and low-income consumers are…