News
China's Inner Mongolia to Issue Special Government Bonds
Inner Mongolia plans to issue special refinancing bonds to repay government debt owed to companies issued before 2018. Beijing considers issuing special treasury bonds to assist local governments with infrastructure projects and debt repayment. Provincial governments have submitted their own plans to Beijing for risk mitigation.
Target to Close Nine Stores Due to Organized Retail Theft
Big-box retail chain Target will close nine stores due to safety concerns over organized retail theft. Affected locations include New York, Seattle, San Francisco, Oakland, and Portland. Target prioritizes the safety of its team and customers, implementing security measures and providing transfer opportunities for eligible employees.
Airline Sector Faces Continued Selloff Amid Government Shutdown Worries
The airline sector is experiencing a widespread selloff as concerns grow over the impact of a government shutdown and falling ticket prices. Domestic-focused airlines hit hardest, while other carriers also face declines.
Videogame Stocks Outperform Market as Actors Vote to Expand Strike
Videogame stocks outperform market as actors vote to expand strike, affecting key companies and highlighting industry importance.
Strength of U.S. Dollar and Concerns for Stocks
The strength of the U.S. dollar is causing concerns for stocks as bond yields rise and investors worry about potential interest rate hikes. This article explores the implications for the stock market and the factors contributing to the dollar's strength.
Florida Gov. Ron DeSantis to Debate California Gov. Gavin Newsom on Fox News
Florida Gov. Ron DeSantis and California Gov. Gavin Newsom are set to face off in a 90-minute debate on Fox News, moderated by Sean Hannity.
Dillistone Group Reports Narrowed Pretax Loss for H1 2021
Dillistone Group, a technology solutions and services provider to the recruitment industry, reports a narrowed pretax loss for H1 2021 and achieves first adjusted operating profit since 2018.
Yield on Treasury Bonds Surges to a 16-Year High
Benchmark Treasury bond yields reached a 16-year high as the market grapples with potential rate hikes. Investors fear Fed's plans and predict an 82% probability of maintaining rates at next meeting.
Krispy Kreme Announces Leadership Change
Krispy Kreme reveals new CEO as Josh Charlesworth takes over leadership. Positive outlook for company's future and strong financial performance expected.
Aldi Reports Record High Sales in 2022
Aldi, the German low-cost supermarket chain, reported record sales of £15.5 billion in 2022 driven by increasing living costs and price reductions. Market research firm Kantar highlights Aldi's impressive growth, capturing a 10% market share.