Morning News: September 4, 2024

Oil Prices Fall Below $70 a Barrel. OPEC+ and Libya Expected to Increase Output

Climate Losses Batter Insurers While Reinsurers Step Back

Japan’s Era of ‘Free’ Mortgages Is Coming to an End

Glynn’s Take: Australian Consumers May Be Down, But Not Out

High Rates Expose Global Banking’s Multi-Trillion-Dollar Weak Spot

China Weighs Cutting Mortgage Rates in Two Steps to Shield Banks

Bank of France Chief Sketches Out Path to Budget Credibility

Bond Volatility in US Eclipses Europe as Recession Angst Rises

US Jobs Data Will Decide the Size of Fed’s Rate Cuts

Credit-Rating Providers Settle With SEC Over Off-Channel Communication Violations

September Gets Started With Déjà Vu From August

Traders Weigh ‘Buy the Dip’ Opportunities Amid Stocks Selloff

Nvidia’s Huang Loses $10 Billion in His Biggest Wealth Wipeout

Intel’s Money Woes Throw Biden Team’s Chip Strategy Into Turmoil

Hewlett Packard to Pursue $4 Billion Claim Against Mike Lynch’s Estate

Blackstone to Buy Australia’s AirTrunk in A$24 Billion Deal

Temu’s Parent, a Victim of Competition or Its Own Success?

U.S. Steel Warns of Plant Closings if Sale Collapses

How Immigration Remade the U.S. Labor Force

US Port Talks Kick Off in Bid to Avoid Economy-Disrupting Strike

For Volkswagen, the Bumpy Road to Electric Vehicles Starts to Hit Home

VW Defends Plan to Shut German Factories With Plunging Sales

GoTo Exits Tough Vietnam Market to Focus on Reaching Profit

NYC’s Biggest Taxi Insurer Is Insolvent, Risking Transit Meltdown

Cargill, America’s Largest Private Company, Faces Leaner Times

Walmart Bets on Collectible Sneakers to Grow Marketplace Service

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Posted by on September 4th, 2024 at 7:03 am


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