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 The president of the New York Federal Reserve on Monday said he thinks the rate of inflation in the U.S. will decline to around 2% next year, though he acknowledged a "great deal of uncertainty" about his forecast.
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Wall Street is coming off a volatile week amid a slew of concerns from Evergrande's debt crisis to Beijing's crackdown on cryptocurrencies.
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Eric S. Rosengren, the head of the Federal Reserve Bank of Boston, is accelerating a long-planned retirement. He cited a health issue.
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Brent crude rallies to highest level in almost three years
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Instagram for kids paused after backlash BBC NewsFacebook is hitting the brakes on Instagram for kids CNNReaders Respond to the ‘Facebook Files' Series The Wall Street JournalFacebook to Pause Work on Instagram Kids Version Amid Controversy The Wall Street JournalI grew up 'under a rock': My parents banned social media until I was 17. I'm glad they did. USA TODAY
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 The new program would create an Instagram experience specifically for kids under the age of 13.
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High demand and soaring energy prices have forced some factories to shut down, adding further problems for already snarled global supply chains.
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Murders Spiked in 2020 in Cities Across the United States The New York TimesMurders rose sharply in 2020 but data is lacking across much of the country CNNHomicides up 30 percent in largest increase on record, FBI says | TheHill The HillFBI Releases 2020 Crime Statistics — FBI Federal Bureau of InvestigationFBI reports record jump in killings in 2020 The Washington Post
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The Swedish maker of performance-oriented electric cars backed by Volvo Cars and China's Geely will raise about $1 billion from a SPAC merger with Gores Guggenheim.
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 Fed's Williams forecasts inflation rate slowing to 2% next year
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 President Joe Biden on Monday will receive his COVID-19 booster shot and deliver remarks, the White House said. Biden got his second dose of the Pfizer [pfe] and BioNTech vaccine on Jan. 11, and said last week he'd get a booster "as soon as I can get it done." The president will get his third dose "in line with the CDC's and FDA's recommendations," the White House said in a statement.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Covid-19 Vaccine Mandates and Booster Shots: Latest News The New York TimesDr. Jha on vaccine boosters and mandates CBS MorningsThese Health Care Workers Would Rather Get Fired Than Get Vaccinated The New York TimesUnvaccinated workers will be fired from SUNY hospitals, chancellor says New York Post Tens of thousands of New York health care workers could lose jobs as soon as today over vaccine: COVID-19 updates U
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Swedish electric car maker Polestar Performance AB said Monday it is going public via a merger with special purpose acquisition company Gores Guggenheim Inc. in a deal with an implied enterprise value of about $20 billion. The new company will be renamed Polestar Automotive Holding UK Limited and is expected to be listed on Nasdaq under the ticker symbol "PSNY". Polestar was founded in 2017 by Volvo Cars and Zhejiang Geely Holding and is a pure play electric car maker with two vehicles, the Polestar 1 and Polestar 2, which are currently on roads in Europe, North America and Asia. The company is planning to launch three new models by 2024. It delivered about 10,000 vehicles in 2020 and expects to sell about 290,000 a year by 2025. Existing investors include Volvo Car Group and affiliates of Geely Chairman Eric Li, as well as actor and activist Leonardo DiCaprio. The deal includes a private investment in public equity, or PIPE, of about $250 million , which will be added to the roughly $800 million in cash currently held by the SPAC. The deal is expected to close in the first half of 2022.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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"Once adults are able to vaccinate their kids, the anxiety about getting a breakthrough infection" will start to ease, the former FDA chief said.
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 An influx of young remote workers to New York City is causing rental bidding wars and record-breaking leasing activity.
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TDCX Inc., a Singaporean provider of software for e-commerce, set terms for its initial public offering on Monday, with plans to offer 18.8 million American Depositary Shares priced at $16 to $18 each. The company has applied to list on the New York Stock Exchange under the ticker "TDCX." Goldman Sachs and Credit Suisse are underwriting the deal. Proceeds will be used to repay debt and to expand into new markets. "We offer omnichannel CX solutions, sales and digital marketing services and content monitoring and moderation services," the company says in its prospectus. The company had net profit of $33.3 million in the six months through June 30 and revenue of $187.2 million.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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A place with welcoming, community-minded and educated locals would be great.
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Manhunt for Brian Laundrie in Florida wetlands scaled back after Gabby Petito's funeral USA TODAYDog the Bounty Hunter joins search for Brian Laundrie: 'I will find him' Yahoo EntertainmentGabby Petito case: Florida cowboy says 'no surviving' swamp where police are searching for Brian Laundrie Fox NewsWhat we know about Gabby Petito's final days Wink NewsGabby Petito's father, stepfather speak at funeral
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 The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.
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Australia's Costs for Its Harder Line on China The New York TimesThe Quad countries pledge to promote an Indo-Pacific region that is 'undaunted by coercion' CNBCFor the Quad, anything is historic CGTNBiden should be aware of the limits of the Quad | TheHill The Hill
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Shares of Altice USA are off 5.7% in Monday trading after analysts at Credit Suisse and Raymond James downgraded the stock. Credit Suisse analyst Doug Mitchelson wrote that he has concerns about the company, even though the stock is "trading well below its likely asset value" and management is being more aggressive with its fiber buildouts. "[W]e have been wrong on Altice's current broadband competitiveness and near-to-mid term growth outlook, and expect management's new investment strategy (to be detailed with 3Q21 earnings) will take at least several quarters, if not longer, to begin bearing fruit," he wrote, while lowering his rating to neutral from outperform and reducing his target price to $24 from $46. Raymond James analyst Frank Louthan IV also took a more cautious view on the stock, "following recent management commentary detailing broadband adds pressure and the strategic shift toward heavier investment and away from buybacks," which he said "were a key part of the value proposition for ATUS shareholders" Louthan downgraded the stock to market perform from outperform. Altice shares have lost 44% over the past three months as the S&P 500 has added about 4%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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A pill to treat Covid-19: 'We're talking about a return to, maybe, normal life' CNNA daily pill to treat Covid could be just months away QuartzAntiviral pill: How close are we to a drug to treat Covid? Financial TimesView Full Coverage on Google News
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Federal Reserve Bank of Boston President Eric Rosengren will retire Thursday, about nine months early, citing health reasons, as the veteran policy maker was navigating a controversy over his trading.
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‘Up to 90 percent' of UK petrol pumps dry amid panic buying Al Jazeera EnglishA weekend of panic buying has left many gas stations across the UK dry CNBCUK could ask soldiers to deliver fuel as service stations run dry CNN'Fuel shortages won't be solved overnight by visas - petrol crisis is a Brexit problem' The Mirror
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Penny stocks might seem like a great bet, but here's what you need to know.
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Pico's volcanic wines are unlike anything else in the world, deliciously so. Now one of their top producers has an equally distinctive and delightful place to visit
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According to reports, Flutter Entertainment has delayed the partial listing of FanDuel to sometime next year. Boyd Gaming's 5% stake in FanDuel has been key to the monumental rise in its stock price since February 2020. Interestingly, prominent sports betting stocks including Draft Kings and Penn...
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Buying a home is a weighty, long-term decision. In a heavily-tilted seller's market the risk of buyer's remorse is high.
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You can use the money now, or to lower out-of-pocket medical costs in retirement. Here are some of the advantages of an HSA, plus how it works with Medicare.
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Overseas operators restrict services after Beijing bans all digital currency activities
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A federal judge has approved the unconditional release of John Hinckley Jr., the man who shot and wounded President Ronald Reagan in 1981, his attorney told NPR.
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As employers make Covid-19 vaccine rules for workers, people are volunteering their vaccination status on job applications, in résumés and on their LinkedIn profiles.
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The Department of Homeland Security (DHS) on Monday said it is moving forward to re-create the Deferred Action for Childhood Arrivals (DACA) policy that shields some young immigrants from deportation after a federal judge in Texas found the Obama-era program to be illegal.
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 Biden to receive booster shot on Monday: White House
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A jury found Hinckley not guilty by reason of insanity in 1982.
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Sunny Hostin And Ana Navarro Describe Their Fears And Fallout From False Positive Covid-19 Test That Had Them Abruptly Pulled From ‘The View' DeadlineDrama at 'The View': COVID tests were 'false positives,' co-host reveals Fox News"The View" Co-Hosts Address False Positive COVID-19 Test Results | The View The ViewAna Navarro Fires Back at Donald Trump Jr.'s Obesity Tweet: "You Are a Dimwit with No Skill or Talent" Decider
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Would-Be Presidential Assassin John Hinckley Wins Unconditional Release NPRJustice Department agrees to drop release restrictions for Reagan shooter John Hinckley Jr. CNNJudge grants unconditional release for John Hinckley Jr. Fox NewsJohn Hinckley Jr to be ‘unconditionally released' after trying to kill Ronald Reagan in 1981 shooting & par... The US SunU.S. judge will grant unconditional release of would-be R
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The Aukus deal shows the need for more military collaboration between EU states but the US remains the indispensable partner
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Brooklyn Nets star Kyrie Irving is a no-show at the team's media day on Monday and is scheduled to appear via Zoom, further raising questions about his vaccination status.
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The maker of "Grand Theft Auto" and "NBA 2K" is a quality business trading at a reasonable valuation.
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Rolling Stones pay tribute to Charlie Watts as they finally kick off US tour CNNRolling Stones open American tour, pay tribute to drummer Charlie Watts New York Post 'We'll Miss Charlie So Much': Rolling Stones Kick Off US Tour With Emotional Tribute to Drummer The Daily BeastRolling Stones open American tour, pay tribute to drummer Yahoo News
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At UN, Bennett warns Iran's nuke program has hit a ‘watershed moment - and so has Israel's tolerance' HaaretzBennett tells settlers he said no 3 times to Biden, on Iran, consulate, building The Times of IsraelWorld leaders speak for final day at UN General Assembly: Live Al Jazeera EnglishIsrael's two terrible optio
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SpaceX's Inspiration4 mission had a toilet fan that malfunctioned: CNN Business InsiderAn alarm went off during SpaceX's all-tourist space flight. The problem was the toilet WJCL NewsSpaceX Crew Dragon to perform first space station "flyaround" in November TeslaratiSpaceX confirms an alarm went off during Inspiration4 mission SlashGear
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Evergrande's electric car company is having trouble paying its suppliers CNNHow China Plans to Avert an Evergrande Financial Crisis The New York TimesEvergrande EV Unit Ends Proposed Shanghai Star Board Listing Bloomberg Markets and FinanceEvergrande's troubles show China is just as susceptible to capitalism's ill effects Financial TimesSupply Chain Financing Is a Bigger Risk to China Than Evergrande Bloomberg
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Competition rules eased with more than half of garages outside motorway network estimated to have no fuel
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Pfizer CEO Albert Bourla said "within a year," normal life will return, and we may need annual Covid shots, in an interview on ABC's "This Week."
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State intervention gathers pace as second bond deadline looms for indebted property developer
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Hosts Sunny Hostin and Ana Navarro both learned they tested positive for COVID moments before Vice President Harris's interview.
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Darden Restaurants Inc. stock rose 4.4% in Thursday premarket trading after the restaurant company reported fiscal first-quarter earnings that beat expectations and announced a new buyback program. Net income totaled $230.9 million, or $1.75 per share, up from $36.1 million, or 28 cents per share, last year. Sales totaled $2.306 billion, up from $1.527 billion last year. The FactSet consensus was for EPS of $1.64 and sales of $2.240 billion. Same-restaurant sales rose 47.5%, beating the FactSet consensus for 44.3% growth, with Olive Garden up 37.1%, Longhorn Steakhouse up 47% and fine dining up 84.6%. Other chains in the Darden lineup include Yard House, The Capital Grille and Seasons 52. Darden declared a dividend of $1.10 per share payable on November 1, 2021 to shareholders of record at the close of business on October 8, 2021. And the company has authorized a new $750 million share buyback program, bringing the total authorization to about $1 billion. For fiscal 2022, Darden is guiding for sales of $9.4 billion to $9.6 billion, same-restaurant sales growth of 27% to 30% and EPS of $7.25 to $7.60. The FactSet consensus is for sales of $9.408 billion, same-restaurant sales growth of 30.2% and EPS of $7.43. Darden stock has run up 26.2% for the year to date while the S&P 500 index has gained 17% for the period.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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More than three-quarters of private equity fund managers expect the volume of cross-border deal flow to make a full return to pre-pandemic levels by the end of next year, new research shows.
The post Cross-border private equity dealflow to return to pre-pandemic levels by end of 2022 - survey first appeared on AltAssets Private Equity News.
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