There are currently four scenarios for the global economic outlook. Three of these entail potentially serious risks with far-reaching implications for markets.The most positive is a “soft landing,” where central banks in the advanced economies manage to bring inflation back down to their 2% targets without triggering a recession. There…
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Do devout Christians have to work on Sundays? Will businesses have to make greater accommodations for devout Jewish or Muslim workers? The Supreme Court’s decision on Thursday stands to, for the first time in a haf-century, dramatically reshape federal rules that govern how employers must treat religious employees. In Groff…
U.S. stocks finished higher on Thursday with cyclical sectors like financials, materials and industrials seeing the strongest gains, while higher Treasury yields dragged on the tech-heavy Nasdaq. What happened Dow Jones Industrial Average DJIA gained 269.76 points, or 0.8%, to close at 34,122.42. S&P 500 SPX gained 19.58 points, or…
Niantic Inc., the company that created the popular “Pokemon Go” game, announced 230 layoffs Thursday, joining the list of tech companies making head-count reductions. In an email to employees that was posted on the company’s website, CEO John Hanke said that Niantic had allowed its expenses to grow faster than…
Cryptocurrencies can become “regular parts of people’s portfolios” once regulations become clear in the U.S., according to Franklin Templeton, which manages over $1.4 trillion in assets. While investors now can buy crypto directly, there are limited ways for them to include digital assets in traditional portfolios, said Sandy Kaul, head…
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Shares of Nike Inc. fell on Thursday after the sneaker-maker reported fourth-quarter profit that came up short of Wall Street’s expectations, with price cuts weighing on results amid weaker demand that one analyst said loomed large for the U.S. economy. Executives said on Nike’s NKE, +0.30% earnings call that the…
Hi! Welcome back to Distributed Ledger. This is Frances Yue, reporter at MarketWatch. While the U.S. Securities and Commission recently took a slew of enforcement actions against crypto companies, it seems some financial institutions are still bullish on the industry. In the past week, Cathie Wood’s ARK Investment Management…
[]The amount of money that banks are borrowing from the Federal Reserve crept up for the eighth week in a row, underscoring that parts of the financial system are still under some duress. []Total bank borrowing rose by $347 million to $106.3 billion in the seven days ending June 28.…