Credit Suisse legacy lawsuit is resolved by UBS and a Swiss finance blog.

A lawsuit that Credit Suisse had first filed against the well-known finance blog located in Zurich, Inside Paradeplatz, has been resolved, according to the news outlet on Tuesday. Inside Paradeplatz consented to remove or edit three posts’ worth of user comments as part of the settlement. The rest of the claims were withdrawn. A representative … Read more

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US stocks increase as market pressure is reduced by falling bond yields

In spite of lower bond yields and a busy week of economic data points, stocks witnessed moderate gains on Monday as investors tried to recover the month’s losses. A higher-for-longer interest rate regime was reiterated at last week’s central bank symposium, but stocks rose as the 10-year Treasury yield dropped from August highs above 4.3%. … Read more

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US Treasury yields decline before of important economic reports.

Strong results from the U.S. two-year note auction were also seen in the U.S. five-year sale. Written by Gertrude Chavez-Dreyfuss Reuters, NEW YORK, August 28 – As investors awaited important U.S. economic data, particularly the non-farm payrolls report for August on Friday that could help determine the trajectory of interest rates this year and next, … Read more

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In the US, there is no reliable protection for workers who are exposed to high heat.

Santos Brizuela worked outside for more than 20 years, persevering despite suffering from heatstroke when harvesting sugarcane in Mexico and developing chronic laryngitis from working in the hot sun frequently. But he finally snapped last summer while working on a construction team in Las Vegas. His head ached as soon as he was in the … Read more

It is anticipated that US consumer spending would continue to decline but not dramatically.

Investors and economists are optimistic that consumer spending, the main driver of the US economy, won’t decline significantly, which should prevent stocks from seeing a significant sell-off this year. Investors shouldn’t, however, anticipate exceptional gains any time soon. “We’re expecting the labour market to soften somewhat the rest of the year, and we’ve seen both … Read more

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Marketmind: China is once again the focus of data, policy, and diplomacy

Asset markets in Asia will once again be driven by important economic figures, market- and growth-friendly policy changes, and diplomatic cues from China as the week gets under way. The most influential global policymakers in the world, Jerome Powell, Christine Lagarde, and Kazuo Ueda, gave remarks in Jackson Hole on Friday. Asian markets will have … Read more

Concerns over India’s licence requirement for laptop and tablet imports are raised by the U.S. trade chief.

Reuters: NEW DELHI – According to a statement, India’s new rule requiring licences for the import of laptops, tablets, and personal computers has given U.S. trade representative Katherine Tai cause for concern. Tai’s intervention is in response to concerns that the licencing system may affect exports from companies like Apple and Dell and push businesses … Read more

Markets Prepared for Swings Following Jackson Hole’s High-Rates Mantra

As trading began in Sydney, the Australian dollar and the yen showed little movement, but the yen and the yen remained close to their lowest levels of the year. Australian bonds started out slowly as investors took in China’s most recent initiatives to bolster its stock market. The yield on short-dated Treasuries increased on Friday … Read more

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