Category: United States

The International Monetary Fund on Tuesday upgraded its view of China’s economy, citing a better-than-forecast performance as well as moves to bolster its ailing property market. The IMF lifted its view on China’s growth for this as well as for next year by 0.4 percentage points, taking its GDP view for 2023 to 5.4% growth […]

SYDNEY — The Reserve Bank of Australia delivered a further interest-rate increase Tuesday, warning that inflation pressures have proved to be more persistent than expected over recent months. The official cash rate was raised to 4.35% from 4.10%, marking the first hike since July. “Inflation in Australia has passed its peak but is still too […]

China’s exports fell by more than expected in October, pointing to continued economic headwinds and shrinking global appetite for the country’s goods. Exports, a key driver of the world’s second-largest economy, dropped 6.4% in October compared with the same period a year earlier, the General Administration of Customs said Tuesday. In September, exports had declined […]

AMC Entertainment Holdings Inc. bonds have been seeing bullish activity recently, according to information from the market-data company BondCliQ. “The [AMC] bonds haven’t been quiet,” BondCliQ relationship manager John Brown-Christenson told MarketWatch. “In the last 10 [business] days, there has been better selling on the short end, the 2026 bond, and more buying on the […]

The S&P 500’s big jump amid last week’s “epic rallies” for stocks and bonds was driven in part by interest-rate-sensitive sectors that broadened the breadth of the index’s gains, putting it on course for a rally into year-end, according to Yardeni Research. “All 11 sectors gained ground last week, many enjoying their best week in […]

“‘ With financial conditions, we’re looking for persistent changes that are material … Longer-term rates that have moved up, they can’t simply be a reflection of expected policy moves from us.’ ” — Jerome Powell at Nov. 1 press conference Federal Reserve Chairman Jerome Powell said last week that a sharp, recent increase in bond […]

Citigroup Inc. is planning layoffs of at least 10% in some departments as part of a previously announced restructuring under Chief Executive Jane Fraser, according to a report on Monday. Citigroup’s stock C, -0.57% fell by 0.8% as word surfaced of the cost-cutting effort code named Project Bora Bora, according to the report by CNBC-TV, […]

BioNTech SE’s stock rose 2.5% early Monday after the company posted a surprise profit for the third quarter and revenue that beat estimates, even as it was hit by lower COVID-19 vaccine revenue. The Mainz, Germany-based company BNTX, +3.56% said it had net profit of 160.6 million euros ($ 172.7 million), or 67 cents a […]

Elon Musk told staffers at a plant near Berlin that Tesla would build a low-cost car there, according to a report. Reuters, citing a person with knowledge of the matter, reported that Musk said a 25,000 euro (roughly $ 27,000) vehicle would be made at the Gruenheide, Germany plant. Tesla’s TSLA, +0.66% Model 3 is […]

Saudi Arabia on Sunday confirmed it would extend a production cut of 1 million barrels a day, which first took effect in July, through the end of December. In a statement citing an Energy Ministry official, Saudi Arabia said it would extend the cut through next month, affirming a September announcement that had said it […]

NAGOYA, Japan — Bank of Japan Gov. Kazuo Ueda said Monday that Japan was unlikely to fall back to deflation even after pressure from higher import prices eases. “The inflation rate will not return to the range of 0% and 1%, which was the prepandemic level,” because the virtuous cycle between wages and prices is […]

A new poll released Sunday found President Joe Biden trails Donald Trump in five key battleground states, raising new questions about Biden’s ability to hold onto the White House in 2024. The poll, conducted by the New York Times and Sienna College, showed Trump leading Biden by anywhere from three to 10 percentage points in […]

Elon Musk unveiled a wisecracking AI chatbot called Grok over the weekend. The new product from his artificial-intelligence startup, xAI, is “modeled after the Hitchhiker’s Guide to the Galaxy” and “is designed to answer questions with a bit of wit and has a rebellious streak, so please don’t use it if you hate humor,” the […]

As the third Republican presidential debate nears, Nikki Haley’s chances of becoming the party’s 2024 nominee have been improving, with betting markets tracked by RealClearPolitics putting them at 9% to 11% over the past week. That sets her just ahead of Florida Gov. Ron DeSantis for the first time this year, as the Florida governor’s chances have […]

Last month, Netflix Inc. NFLX, +1.80% stock jumped after it reported big subscriber gains and hiked prices. Last week, results from Paramount Global PARA, +15.44% beat expectations, sending shares of the streaming and entertainment giant on its best percentage gain in nearly a year, and Roku Inc. ROKU, +8.58% also offered an upbeat outlook. This […]

There’s nothing like falling back into bed.  U.S. daylight-saving time ends at 2 a.m. on Sunday, Nov. 5, which means that we’ll be turning our clocks back one hour to get more sunlight in the morning as the days get shorter heading into the winter.  The good news is that we can get an extra […]

Dear Moneyist, I opened 529 educational funds for each of our four children shortly after they were born. Only one person may be listed as the account owner, so during my marriage I owned, managed and contributed monthly to each fund from a joint checking account.  My spouse knew about the funds, but they were […]

When Carlee Simon, 46, moved to Alaska from Florida for a new job in May, she was in for a pleasant surprise: Her home insurance dropped by thousands of dollars. Simon, who owns multiple homes in and around Gainesville, Fla., said that she was paying more in insurance premiums than even the principal and interest […]

There’s one group of Americans that’s missing from the picture of this year’s strong consumer spending: families that pay for childcare.  Since May, spending by households that pay for childcare has lagged behind the rest of the population, according to a new report by the Bank of America Institute BAC, +2.90%. Not only have they […]

Dear Quentin, I went through a terrible divorce 15 years ago. I will finally be done paying off my ex-husband in July. My divorce was so costly, I have never remarried. My boyfriend of 14 years was having financial problems and needed to refinance his house to pay off his debt. He couldn’t get approved […]