SNAPSHOT Wall St opens lower as inflation data adds to rate-hike worries

Sept 30 (Reuters) – Wall Street’s main indexes opened lower on Friday as resilient core inflation in August stoked fears of more big-sized interest-rate hikes denting a rebound in consumer spending. The Dow Jones Industrial Average (.DJI) fell 102.58 points, or 0.35%, at the open to 29,123.03. The S&P 500 (.SPX) opened lower by 6.99 … Read more

Hong Kong retail sales slip 0.1% in August

HONG KONG, Sept 30 (Reuters) – Hong Kong’s August retail sales slipped 0.1% from a year earlier amid a high base of comparison, government data showed on Friday. Sales decreased to HK$28.6 billion ($3.64 billion), having grown 4.1% in July. In volume terms, retail sales fell 2.9% year-on-year in August. That compares with a revised … Read more

Audit breakthrough fails to lure investors into China ADRs

HONG KONG, Sept 29 (Reuters) – Global fund managers have been selling US-listed Chinese stocks and the index tracking them is sagging badly, suggesting progress toward resolving disputes over their accounts has not been enough to shake investors’ fears about the sector’s outlook . As of last Friday, US long-only funds – or funds that … Read more

Uptown Columbus to host Local Mini Market this weekend

COLUMBUS, Ga. (WTVM) – Uptown Columbus and Southern Lovin’ Junkin’ Show is hosting a mini market this weekend. Local Mini Market will take place on September 24 at the Columbus Georgia Convention and Trade Center from 10 am – 5 pm The event will feature local artists, boutiques, antiques, jewelry, handcrafted items, live music and … Read more

Onewo Space-Tech launches $783 million Hong Kong IP0

Register now for FREE unlimited access to Register HONG KONG, Sept 19 (Reuters) – China’s Onewo Space-Tech Service has launched Hong Kong’s largest initial public offering (IPO) in 2022 as it aims to raise up to HK$6.15 trillion ($783.54 million), according to its regulatory filings. The company, the property services division of developer China … Read more

US retail sales unexpectedly rise, but inflation hampering spending

Retail sales increased 0.3% in August July data revised down to show sales falling 0.4% Core retail sales unchanged; July sales revised lower Weekly jobless claims fell 5,000 to 213,000 Manufacturing production edges up 0.1% in August WASHINGTON, Sept 15 (Reuters) – US retail sales unexpectedly rebounded in August as Americans ramped up purchases of … Read more

Global cargo market sags as softer economy points to gloomy Christmas

Register now for FREE unlimited access to Register SYDNEY/SHANGHAI, Sept 16 (Reuters) – Global trade bellwethers like FedEx and Cathay Pacific Airways (0293.HK) have cast a pall over the year-end holiday shopping season – the business slowdown they’re seeing points to weaker-than- expected consumer demand, not a Christmas bonanza. The gloomy outlook comes as … Read more

Wall Street ends higher, gains driven by banks, healthcare

Register now for FREE unlimited access to Register Powell reaffirms hawkish stance Weekly jobless claims fall to 3-month low Regeneron soars on positive trial update Dow up 0.61%, S&P 500 up 0.66%, Nasdaq up 0.60% Sept 8 (Reuters) – Wall Street’s main indexes posted gains on Thursday mainly lifted by financial institutions and healthcare … Read more

Shopify Announces Changes in Top Leadership

Text size The company announced a 10% cut to its workforce in July. Dreamstime Shopify announced a new chief financial officer and chief operating officer on Thursday, a little less than two months after it reported disappointing second quarter earnings and plans for layoffs. Earlier this summer, Shopify (ticker: SHOP) said that it planned on … Read more