Chinese President Xi Jinping sent a letter to a U.S. political advisory group ahead of a widely expected virtual meeting with U.S. President Joe Biden.
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Stock futures slide on inflation fears after hotter-than-expected CPI
U.S. equity futures were little changed early Wednesday morning as investors await key inflation data set to be released Wednesday.
Coinbase shares drop after third-quarter revenue misses analysts‘ estimates
Coinbase reported weaker-than-expected revenue figures in the third quarter and a drop in monthly active users from the prior period.
DoorDash stock rockets on deal to acquire international delivery platform Wolt for $8.1 billion
Wolt currently has about 4,000 employees and operates in 23 countries.
Some Evergrande bond holders said to not have received payment as of Asia business close today
Reuters reports, citing sources with knowledge of the matter
US CPI data later today isn’t going to decide much in the inflation debate
Just another data point to fight over without any real answers for now
The estimate is for headline annual inflation to keep at the highs, at +5.3% y/y in October while core inflation is estimated to hold at +4.0% y/y.
The estimate is for headline annual inflation to keep at the highs, at +5.3% y/y in October while core inflation is estimated to hold at +4.0% y/y.
Reminder: It is a US holiday tomorrow
The weekly initial jobless claims report is brought forward to today
There will be no economic releases as well, so that means the data for tomorrow i.e. weekly initial jobless claims, is brought forward to today.
There will be no economic releases as well, so that means the data for tomorrow i.e. weekly initial jobless claims, is brought forward to today.
German economic advisers cut growth forecast for the year, see more inflation
The latest projections by the economic advisers to the German government
– 2021 GDP seen at +2.7% (previously +3.1%)
– 2022 GDP seen at +4.6% (previously +4.0%)
Their previous projections came in March, so that is pretty much irrelevant at this stage considering the change in circumstances over the past few months especially amid supply bottlenecks and rising
– 2021 GDP seen at +2.7% (previously +3.1%)
– 2022 GDP seen at +4.6% (previously +4.0%)
Their previous projections came in March, so that is pretty much irrelevant at this stage considering the change in circumstances over the past few months especially amid supply bottlenecks and rising
China state-owned firms said to call on regulators to adjust lending restrictions to property developers for M&As
According to sources cited by Chinese media outlet, Cailianshe
It is reported that some Chinese state-owned firms have told regulators to consider adjusting the ‚three red lines‘ on lending restrictions to property developers in order to facilitate mergers and acquisitions within the space.
It is reported that some Chinese state-owned firms have told regulators to consider adjusting the ‚three red lines‘ on lending restrictions to property developers in order to facilitate mergers and acquisitions within the space.