Younger Chinese are rejecting the factory jobs that underpin the economy

SHENZHEN (Reuters) – Growing up in a Chinese village, Julian Zhou only saw his father a few times a year when he returned for a break from his grueling job at a textile factory in the southern province of Guangdong. For his father’s generation, working in factories was a lifeline out of rural poverty. For … Read more

New York Fed: Bank liquidity may be tighter than expected, with policy implications

Nov. 18 (Reuters) – The way the banking system manages its cash suggests that the financial system may not be as fluid as many now understand it, and that could have implications for how the Federal Reserve manages the size of its balance sheet, a paper from the Reserve Bank said. New York Fed on … Read more

Stocks and the pound oscillate with the UK dishes out budget porridge

European stocks fall after an early rally The dollar is regaining strength on the back of hawkish Fed talk Micron blues butterflies chip makers Oil and metals declined in commodity markets LONDON (Reuters) – Concerns about recession and interest rates roiled European markets on Thursday and sterling slipped as Britain sought to put its latest … Read more

Trump’s 2024 presidential bid was a new wrinkle for the markets

NEW YORK (Reuters) – Former President Donald Trump’s entry into the 2024 presidential race on Tuesday confirmed the world’s “worst-kept secrets” and created another variable for markets that some investors say remains a low priority for now. Trump, who has launched relentless attacks on voting integrity in the United States since his defeat in the … Read more

Asian stocks mixed amid Fed warning, China hopes

https://tmsnrt.rs/2zpUAr4 Federal Reserve Chairman Waller underestimates the CPI as just a single number Beijing offers property support, COVID steps Biden will meet with Xi at the G20 meeting SYDNEY (Reuters) – Asian stock markets were mixed on Monday as a major US central bank warned investors to stay away from single-digit inflation, while Chinese stocks … Read more

Analysis: Money Before Climate. The downturn in the market spurred the emigration of the ESG Fund

NEW YORK/BOOSTON, Nov. 11 (Reuters) – ESG funds have been hit by unprecedented outflows in a market downturn, as investors prioritize preserving capital over goals such as tackling climate change. The ESG, a rating applied to financing assets currently valued at $6.5 trillion, is being tested by a drop in market values ​​fueled by concerns … Read more

FTX seeks $9.4 billion in rescue funds, Bahamas freezes some assets

(Reuters) – FTX is scrambling to raise about $9.4 billion from investors and competitors, a source said on Thursday, as CEO Sam Bankman Fried urgently seeks to rescue a cryptocurrency exchange that has been hit hard by customer withdrawals. Bankman-Fried has discussed raising $1 billion each for Tron founder Justin Sun, rival exchange OKX and … Read more

As the yen weakens, gadget-loving Japan turns to used iPhones

TOKYO (Reuters) – For years Japanese shoppers have been eagerly waiting for the latest hardware, but now a weaker yen has put new iPhones out of reach for some and sparked a growing second-hand trade in a key market for Apple Inc. (AAPL.O). The Japanese currency’s slide to a 32-year low against the dollar has … Read more

Economy Neither boom, nor corruption, Democrats’ dogs in the US midterm elections

WASHINGTON (Reuters) – Household cash is near record levels in the United States, and consumers are using it to fill up restaurants, planes and buy new cars. Jobs are there to take it. Net wealth is 30% higher than it was before the pandemic, and even more so for those in the bottom half. People … Read more

Brazil’s Bolsonaro has yet to concede Lula’s election victory

SAO PAULO/BRASILIA (Reuters) – Outgoing Brazilian President Jair Bolsonaro did not concede defeat in the presidential election on Monday, raising fears that the far-right nationalist could vie for the victory of his leftist rival, former President Luis Inacio Lula da. Silva. Tens of thousands of jubilant supporters took to the streets of Sao Paulo Sunday … Read more