Stocks on Wall Street were set to slump on Monday morning as indexes across Europe tumbled amid a string of concerns for investors — including the troubled Chinese property giant Evergrande, soaring energy prices in Europe and questions over how the Federal Reserve will manage its exit from its large bond-buying program. The S&P 500 was set to open 1.1 […]
Read moreBT Money Hacks Ep 103: Is it ever too late to start planning for retirement? 14:15 min Synopsis: Every first and third Monday of the month, The Business Times breaks down useful financial tips. This week’s 103rd episode explores whether it’s ever too late to start planning for retirement and what you can do if you’re 60 and haven’t. Correspondent […]
Read moreOPINION: Today’s decision to move Auckland to level 3 on Wednesday morning signals the end of Prime Minister Jacinda Ardern’s 18-month-old elimination strategy as we have known it. From here, everything is about vaccination. Ardern’s roll of the dice means any Aucklander aged 12 or older who has not had their first vaccine dose must get it tomorrow. There is […]
Read more(Reuters) – A bond market tantrum that drives up yields can be a fearsome prospect for central banks but the U.S. Federal Reserve might just welcome a sell-off that lifts Treasury yields towards levels that better reflect the robust state of the economy.FILE PHOTO: The Federal Reserve building is set against a blue sky in Washington, U.S., May 1, 2020. […]
Read moreMount Maunganui-founded pet food maker Ziwi is said to be the subject of a bidding war amid the lockdown-fuelled pet boom. The company, which has its corporate headquarters in Auckland and plants on the East Coast and in Christchurch, has attracted the attention of two Chinese funds – FountainVest Partners and Boyu – according to The Australian. Each fund is […]
Read moreRetail sales increased slightly in August, the Commerce Department reported Thursday, highlighting an uneven pace for the economic recovery as spending behavior swings month over month. The 0.7 percent climb in sales last month came after a 1.8 percent decline in July and gains earlier in the summer. The gains in August, which were better than what economists expected, were […]
Read moreThe game clock has hit zero for the massive former Sports Authority warehouse in Baker. The approximately 215,000-square-foot warehouse that spanned a full city block at 50 S. Kalamath St. was in the process of being demolished earlier this week. Sports Authority used the warehouse as a distribution center for decades but closed it in the spring of 2016 shortly […]
Read moreNEW YORK (Reuters) – Global shares inched up on Wednesday on the strength of U.S. equities markets that were boosted by positive factory data.FILE PHOTO: People are seen on Wall Street outside the New York Stock Exchange (NYSE) in New York City, U.S., March 19, 2021. REUTERS/Brendan McDermidU.S. factory production data showed that manufacturing remained strong despite a slowdown due […]
Read moreFord Motor and its autonomous driving affiliate, Argo AI, have teamed up with Walmart to begin testing the home delivery of groceries and other items by self-driving cars in three cities later this year. The service will start in Miami, Washington and Austin, Texas, and will be limited to specific areas but is intended to expand over time, Argo said […]
Read moreHONG KONG (REUTERS) – Rating agency Fitch said that numerous sectors could be exposed to heightened credit risk if China’s No.2 property developer Evergrande Group were to default, although the overall impact on the banking sector would be manageable. Evergrande is scrambling to raise funds to pay its many lenders and suppliers, as it teeters between a messy meltdown with […]
Read more