Hints and tips:
...States’ rainy-day funds had climbed to $136.5bn at the end of fiscal 2022, according to S&P Ratings, a 71-per-cent increase from $80bn in 2019....
...“It defies reality to downgrade the United States at a moment when President Biden has delivered the strongest recovery of any major economy in the world,” said Karine Jean-Pierre, the White House press...
...Asia faces one of the worst economic outlooks for half a century thanks to a sluggish post-pandemic recovery, China’s property crisis, rising levels of debt and US protectionism....
...One bond, which had been close to par at the start of the year when optimism over China’s recovery from the coronavirus pandemic was high, has sunk to about 27 cents and matures next month....
...There are also earnings from Johnson & Johnson, Netflix, and United Airlines....
...It paid down debt, bought back shares and joined the S&P 500 index — a club befitting a company whose logo tops one of Pittsburgh’s tallest skyscrapers....
...A: The United Kingdom Which crypto exec recently told the FT that bitcoin will never work for day-to-day payments?...
...Andrew Simms: Recovery suggests returning to a prior state of health, but even before the war in Ukraine, before the pandemic, Brexit or even going back to before the 2007 financial crisis, the UK economy...
...President Sergio Mattarella also raised concerns about Italy’s ability to push through reforms needed to receive EU pandemic recovery funds....
...Companies have had to load up on debt or turn to governments for handouts....
...But what would qualify as such a threat, asks Malcolm Chalmers of the Royal United Services Institute....
...labourers are employed and seeking clarification over reports of the Gulf state’s alleged illegal hacking of smartphones overseas....
...Just a few months ago, 2022 looked set be the year of global recovery, with the US, China and Europe returning to pre-pandemic levels of growth....
...“One is faced with the fact that the global economy is decelerating somewhat faster than was expected from China to the United States and potentially in Europe,” said Sebastien Galy of Nordea Asset Management...
...On the other side of the Atlantic, the S&P 500 index lost more than 2 per cent before moderating in afternoon trading to close 1.6 per cent lower....
...Debt soared. But bank executives say the recent rise in oil prices, and US energy companies’ focus on repairing the financial damage, not piling on new debt, is helping drive loan balances lower....
...This is why we’re looking at Garuda . . . how is this [going to be] resolved, how is the recovery, how is this going to be treated — at court or outside?”...
...state support....
...Service cuts by the MTA could hamper the region’s economic recovery, she said....
...While Donald Trump often advocated for a weaker dollar, Ms Yellen made clear that the “United States does not seek a weaker currency to gain competitive advantage”....
...As well as speaking to banks and exploring public debt offerings, Bernstein held talks with “pretty much all of the top private equity firms in the United States” about possible financing packages....
...and closures that took effect in some areas of the United States,” the commerce department said in its report....
...The S&P 500 hit a new high as did the Nasdaq, which was up 2 per cent on the day. You can argue that this makes sense....
...The latest in our Charts that Matter series shows the 75 per cent rebound in the S&P 500 index of key US stocks, kickstarted by the Fed and boosted by President Joe Biden’s recovery plan, was the biggest...
...The S&P 500 closed up 0.3 per cent on Wednesday after paring losses. The tech-heavy Nasdaq Composite rose 0.4 per cent....
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