Top News: Top News of the Day from Global Markets – Monday at 7:00 PM ET

Struggling Eurozone Faces Contraction While U.S. Keeps Pace

The eurozone economy slowed sharply at the end of the third quarter, contrasting with continued robust growth in the US, according to a series of business surveys.

 
Labor market is not 'flashing red,' two top Fed officials say

Two top Federal Reserve officials said Monday they did not think the job market was weakening dangerously, but the risk of further weakness justified a half-percentage-point rate cut last week.

 
S&P 500 Gains; Intel Stock Rallies

The S&P 500, Nasdaq Composite and Dow Jones Industrial Average rose modestly. Intel was among the best performers.

 
Bipartisan Spending Deal Would Avert Shutdown, Aid Secret Service

The measure, which aims to provide funding to the government through Dec. 20, would give the agency an additional $231 million to boost candidate security in the final weeks of the election.

 
Israeli Strikes on Hezbollah Targets in Lebanon Kill Nearly 500

Attacks on more than a thousand targets constitute the bloodiest wave in the latest round of hostilities.

 
China's Central Bank Announces Rate Cut, Injects Liquidity

China’s central bank cut its short-term interest rate and boosted liquidity in its financial system as it continues efforts to stimulate the economy.

 
U.S. Economy Stabilized in August, Chicago Fed Says

Economic growth improved slightly last month, but the overall trend remained weak due to high borrowing costs and political uncertainty, the Federal Reserve Bank of Chicago said.

 
The Rate Cut Won't Save These Real-Estate Owners

For many indebted commercial real estate investors, the relief of lower interest rates comes too late.

 
Pro Take: Look Out for Hungry Unicorns

Venture capitalists both cheered the Fed’s half-percentage-point rate cut last week and acknowledged that its effects will take time to sink in across the startup ecosystem. But when they do, expect software unicorns to go after M&A deals.

 
South Korea Can Go Only So Far Copying Japan's Market Reforms

Returns could improve, but the power of chaebols including Samsung and Hyundai will limit profits.

(END) Dow Jones Newswires

September 23, 2024, 7:15 PM ET (11:15 PM GMT)