July 27, 2021
Home Archive by category Economy

Weakness in tech stocks pulls Wall Street back from records

Stocks closed lower on Wall Street, pulling major indexes back slightly from the records they set a day earlier. Weakness in big technology companies was the biggest factor for the decline Tuesday. The S&P 500 fell 0.5% while the tech-heavy Nasdaq fell 1.2%. Markets have been choppy as investors try to get a clearer picture of how well the econ...

IMF skims over non-viral risks to global economy

People wearing protective face masks are seen in Valletta, Malta, April 26, 2021. REUTERS/Darrin Zammit LupiLONDON, July 27 (Reuters Breakingviews) - When there’s an elephant in the room, it’s hard to think about much else. That’s the problem for the International Monetary Fund, whose latest economic update focuses on huge risks that Covid-19 still...

A look at the dollars and ‘sense’ of funding higher education

Attending college is a major decision. Ideally, funds are available because a financial plan was established early in a student’s life. In reality, each student and each financial situation is different. No matter where you are on the college preparation scale, it is important to take some time to review, check off, add to your list and glean a...

Letter: Fed chair has overloaded the economic lifeboat

Letter updatesSign up to myFT Daily Digest to be the first to know about Letter news. Your leader “Powell deserves Democrats’ support” (FT View, July 24), which calls for a second term for the current Fed chair, concludes with “if it ain’t broke, don’t fix it”.Yet in the same issue Merryn Somerset Webb tells us that the Beanie Baby...

White House closely eyes impact of delta variant on U.K. economy

Still, concerns have mounted internally over how the spread of the variant could impact parts of the economy, particularly if it fuels a sense of uncertainty that drags down spending and growth overall. For instance, some Biden administration officials fear that the virus could deepen the wave of early retirements among older American workers — a p...

Stocks hit by China clampdown ahead of earnings-packed week

European shares fall, Asian stocks at 2021 lowsBitcoin jumps on short covering, Amazon speculationGovt bond yields post sizeable dropGraphic: Global asset performance http://tmsnrt.rs/2yaDPgnGraphic: World FX rates http://tmsnrt.rs/2egbfVhLONDON, July 26 (Reuters) - Stock markets fell on Monday as concerns over tighter regulations in China mounted ...