House Republicans cancel planned recess as government shutdown appears more likely
The federal government is due to shut down operations early Sunday if Congress does not approve a funding bill that President Joe Biden signs.
Financial News
China’s economic activity again weakened in September, China Beige Book survey shows
Several August economic indicators underscored nascent signs of stabilization in the slowdown in the Chinese economy.
This is the world’s fastest growing economy, and it could grow an ‘explosive’ 100%
The world’s fastest growing economy is on track for a more than 100% growth, largely fueled by profits from its oil production and export sector.
‘Private equity is now king’ for the ultra-rich, says Tiger 21, an exclusive club of investors
Tiger 21 members, who manage around $150 billion in assets, have increased their allocation to private equity threefold, founder Sonnenfeldt says.
‘Who should I hire? Will I get rich?’ Fortune telling is a booming business in Singapore
From wealth, to weddings, and who to work with, more and more people are turning to fortune telling in Singapore.
Russia’s indefinite ban on diesel exports threatens to aggravate a global shortage
Market participants are concerned Russia’s decision to tighten oil supplies could cause problems for the world’s refiners.
Bank of Japan leaves rates unchanged, maintaining ultra-loose monetary policy
The BOJ left rates and its dovish forward guidance unchanged on Friday, mindful of the “extremely high uncertainties” on the growth outlook.
Fed declines to hike, but points to rates staying higher for longer
The Federal Reserve on Wednesday released its decision on interest rates and updates on the economy.
Here’s everything the Fed is expected to do Wednesday
The Federal Reserve concludes its two-day policy meeting Wednesday. Here’s what to expect.
China VCs have a big problem — and it’s not just a drop in U.S. investor appetite
In the years since Alibaba’s 2014 U.S. IPO, early-stage investing has drawn tens of billions of dollars into China with relatively little to show for it.