Germany and Japan agreed on Saturday to strengthen cooperation on economic security in the aftermath of tensions over global supply chains and the economic impact of the war in Ukraine. In the first high-ministerial government consultations held between the two countries, German Chancellor Olaf Scholz reached out to Tokyo to seek to reduce Germany’s dependence … Read more
Endocrine-disrupting chemicals known as phthalates — which are commonly used in plastics — may increase the risk of diabetes in women, a new study has found. White women with high exposures to some of these substances had a 30 percent to 63 percent higher chance of developing diabetes, according to the study, which was published on Wednesday in … Read more
Text size Prudential Financial increased its quarterly payout by 4% to $1.25 a share. Jason Alden/Bloomberg Prudential Financial, Phillips 66 , Tractor Supply , and Interpublic were among the various large companies that announced dividend increases this week. It continues to be a busy period for such moves as companies report their latest financial results. … Read more
“I am wicked and scary with claws and teeth,” Vladimir Putin reportedly warned David Cameron when the then-British prime minister pressed him about the use of chemical weapons by Russia’s ally in Syria, Bashar al-Assad, and discussed how far Russia was prepared to go. According to Cameron’s top foreign policy adviser John Casson — cited in … Read more
The Federal Reserve should declare an immediate cease fire in its war against inflation and hold its benchmark interest rate steady instead of raising the federal funds by a half percentage point to a range of 4.25% to 4.50%, as expected at its meeting that ends Wednesday. With the relatively benign report on the consumer … Read more
Institutional investors have been clearing out of stocks. They sold $42 billion worth in the five weeks ending Sept. 21. That followed $51 billion in sales during the five weeks ending Sept. 7 — the biggest selling wave this year, says S&P Global Market Intelligence. Bank of America clients favored defensive names over cyclicals last … Read more
It was a September investors will remember — and not in a good way. A Friday drop left the S&P 500 and Dow Jones Industrial Average with their biggest monthly losses since March 2020. And it was the worst September performance for both indexes since 2002. Seasonally inclined investors may wonder what that means for … Read more
One cruel truth the stock market confirmed this past week is that trying to pick the bottom for technology stocks is a fool’s errand. The Nasdaq Composite’s terrible September—it was down 10.5% on the month—has made the bottom-fishing that took place over the summer look ill-advised. As I’ve noted before, the first downturn in tech … Read more
Press play to listen to this article KYIV — Russia’s annexation of four Ukrainian regions, announced by President Vladimir Putin on Friday, will not affect Kyiv’s resolve to free them with military force, said an adviser to Ukrainian President Volodymyr Zelenskyy. “For our plans, [Russia’s annexation] doesn’t matter,” Mykhailo Podolyak told POLITICO, speaking before the … Read more
U.S. stock-index futures fell late Sunday, suggesting losses Monday, as the projected victory of a far-right party in Italy added to uncertainties about rising interest rates and recession fears. After falling nearly 200 points earlier in the session, Dow Jones Industrial Average futures YM00, -0.73% were down about 150 points, or 0.5%, around midnight Eastern, … Read more