Evergrande isn’t the only reason the stock market is headed for its worst day in 2 months. Here are 5 other reasons
Monday's sharp downturn in stocks precipitated partly by the highly leveraged Evergrande in China isn't the only problem buffeting markets on Monday.
- Yahoo Finance
Stock market news live updates: Wall St. sinks amid China's Evergrande contagion fears, US debt politics
Stocks are grappling with a confluence of risks that are shaking confidence, and adding to September's downward trend.
The end of America’s 20-year war in Afghanistan has opened up an opportunity for China and Russia to tap the country’s vast mineral wealth
WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen issued a fresh plea for Congress to raise the federal debt ceiling on Sunday, arguing a default on U.S. debt would trigger a historic financial crisis. In a Wall Street Journal opinion piece http://thai093.tw.www.wsj.com/articles/congress-raise-debt-limit-ceiling-yellen-treasury-brinkmanship-federal-budget-11632069056, Yellen said that the crisis triggered by a default would compound the damage from the continuing coronavirus pandemic, roiling markets and plunging the U.S. economy back into recession at the cost of millions of jobs and a lasting hike in interest rates. "We would emerge from this crisis a permanently weaker nation," Yellen said, noting that U.S. creditworthiness has been a strategic advantage.
- Yahoo Finance
Investors' main focus this week will be on the Federal Reserve's September monetary policy meeting, which will set the stage for more debate around the timing of tapering and the outlook for the economy. Other economic data out this week will focus on the housing sector.
SpaceX’s successful civilian mission opens doors to future flights, Tesla software upgrade isn’t ready for drive time, says head of NTSB, debt ceiling resolution heads to a standoff in Congress, and other news to start your day.
Relief payments have been approved in several states. Is yours on this list?
- The Telegraph
Government plans gas rescue package as a million families face energy bill price hike Mounting fears of a 1970s-style three-day week as Britain's energy crunch deepens Markets endure global sell off as US stocks tumble at open IAG surge helps FTSE 100 pare earlier losses Matthew Lynn: Macron’s defence disaster is a golden opportunity for Global Britain Sign up here for our daily business briefing newsletter
- The New York Times
Iran’s top nuclear scientist woke up an hour before dawn, as he did most days, to study Islamic philosophy before his day began. That afternoon, he and his wife would leave their vacation home on the Caspian Sea and drive to their country house in Absard, a bucolic town east of Tehran, where they planned to spend the weekend. Iran’s intelligence service had warned him of a possible assassination plot, but the scientist, Mohsen Fakhrizadeh, had brushed it off. Sign up for The Morning newsletter f
Shares fell more than 3% in Hong Kong on Monday in holiday-thinned trading in Asia, with other big markets in Tokyo and Shanghai closed.
Israel's former Prime Minister Benjamin Netanyahu suggested in a Facebook video posted on Sunday that U.S. President Joe Biden had fallen asleep when meeting the new Israeli leader Naftali Bennett last month. A Reuters fact check http://ufljli.xyz.www.reuters.com/article/factcheck-biden-asleep-idUSL1N2Q00H8 previously debunked the idea that Biden dozed off, after social media users shared a video clip of the U.S. president that they said showed him looking down and nodding off as Bennett spoke in the Oval Office. Seconds after the clip was cut, longer footage showed Biden responded to Bennett.
Thousands have been living under and near a bridge in the Texas border city of Del Rio.
- The Guardian
A bill in Congress would allow Medicare to use its bulk-purchasing power to negotiate lower drug prices. Big Pharma is not pleased Congressman Scott Peters is the House’s top recipient of pharmaceutical industry donations in the 2022 election cycle. Photograph: Daniel Knighton/Getty Images The three conservative Democratic lawmakers threatening to kill their party’s drug pricing legislation have raked in roughly $1.6m of campaign cash from donors in the pharmaceutical and health products industr
Sep.19 -- The clock is ticking down on the congressional vote to raise the U.S. debt ceiling. Treasury Secretary Janet Yellen has renewed her call for action. Bloomberg’s Kathleen Hays reports on “Bloomberg Daybreak: Asia.”
The U.S. Congress returns to session on Monday facing a massive agenda and a tight time crunch, with President Joe Biden's Democrats hoping to pass sweeping domestic programs, fund the government, approve an infrastructure bill and raise the debt ceiling in a matter of weeks. They face several deadlines, including a scheduled Sept. 27 vote on a $1 trillion Senate-approved infrastructure bill and the Oct. 1 date when the federal government will run out of money to fund many of its operations if Congress doesn't act. The Democrats, who control Congress by the narrowest of margins, also want to maneuver a $3.5 trillion spending package - including proposals for childcare, education, housing and green energy - past a Republican roadblock.
- The Independent
Elon Musk uses a familiar turn of phrase deployed frequently by the Republican party and Donald Trump to mock Joe Biden
- Motley Fool
Think you'll file for benefits as soon as you're allowed to? You may want to hold off for one very big reason.
Millions of people in Europe are prevented from entering the US. Here's why, writes the BBC's Jon Sopel.
- Associated Press
France canceled meetings with British and Australian officials and is trying to rally EU allies behind its push for more European sovereignty after being humiliated by major Pacific defense pact orchestrated by the U.S. Australia and Britain insisted Monday that the diplomatic crisis wouldn't affect their longer-term relations with France, which is seething over a surprise, strategic submarine deal involving the U.S., Australia and Britain that sank a rival French submarine contract. France recalled its ambassadors to the U.S. and Australia for the first time because of the deal, and its anger is showing few signs of subsiding.
Twenty-four percent of those aged 65 and over live in families that depend on Social Security benefits for 90% or more of their income, according to the AARP Public Policy Institute. With the average...