As Japanese manufacturing fades, a factory town fights to stay alive

As Japanese manufacturing fades, a factory town fights to stay alive

  HIGASHIOSAKA, Japan Aug 22 (Reuters) – The small factories in the western Japanese city of Higashiosaka for decades fueled the thundering rise of the country’s biggest brands – but a weak yen and rising costs have accelerated a slow decline, and are reshaping the industrial heartland . Home to about 6,000 firms, 87% of … Read more

Fed to slow to 50 basis-point hike in September, recession dreams grow, Reuters poll shows

Fed to slow to 50 basis-point hike in September, recession dreams grow, Reuters poll shows

  A resident buys food at a local market, in downtown San Francisco, California, US, July 13, 2022. REUTERS/Carlos Barria/File Photo Register now for FREE unlimited access to Reuters.com   Register   BENGALURU, Aug 22 (Reuters) – The US Federal Reserve will raise rates by 50 basis points in September amid expectations inflation has peaked … Read more

Once high-flying Chinese tech giants are now looking to scale back costs

Once high-flying Chinese tech giants are now looking to scale back costs

Alibaba has faced growth challenges amid regulatory tightening on China’s domestic technology sector and a slowdown in the world’s second-largest economy. But analysts think the e-commerce giant’s growth could pick up through the rest of 2022. Kuang Da | Jiemian News | VCG | Getty Images Chinese tech giants Alibaba and Tencent often talk about … Read more

Toyota doubles down on its hybrid bet in India

Toyota doubles down on its hybrid bet in India

  Toyota teams up with Suzuki to crack Indian hybrid market First new model is compact SUV, people-carrier to follow Toyota aims to lower costs by making components in India BIDADI, India, Aug 22 (Reuters) – Toyota is rebooting its strategy for India, doubling down on a bet that emerging markets will learn to love … Read more

Nvidia, Salesforce, Zoom, Macy’s, and Other Stocks to Watch This Week

Nvidia, Salesforce, Zoom, Macy’s, and Other Stocks to Watch This Week

  Numerous technology and retail companies will report their latest quarterly results this week. Federal Reserve watchers will be tuning into the central bank’s annual confab in Jackson Hole, Wyo., at the end of the week.   Zoom Video Communications will be Monday’s earnings highlight, followed by results from   Nvidia ,   Advance Auto … Read more

China steps up easing, cuts lending benchmarks to revive faltering economy

China steps up easing, cuts lending benchmarks to revive faltering economy

  FILE PHOTO:Employees work on the production line of vehicle components during a government-organised media tour to a factory of German engineering group Voith, following the coronavirus disease (COVID-19) outbreak, in Shanghai, China July 21, 2022. REUTERS/ Aly Song Register now for FREE unlimited access to Reuters.com   Register   SHANGHAI, Aug 22 (Reuters) – … Read more

Market Set To Keep Sliding; Musk Makes This FSD Move

Market Set To Keep Sliding;  Musk Makes This FSD Move

  Dow Jones futures fell modestly early Monday morning, along with S&P 500 futures and Nasdaq futures, with Fed chief Jerome Powell looming large this week. The stock market rally pulled back last week from key resistance while Treasury yields moved back toward 3%. Highly valued growth names, which had made big moves in the … Read more

Oil slumps on fears over economic slowdown, stronger dollar

Oil slumps on fears over economic slowdown, stronger dollar

Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019. REUTERS/Agustin Marcarian Register now for FREE unlimited access to Reuters.com Register Dollar hits 5-wk high on hawkish Fed remarks before Jackson Hole China’s Sichuan extends power curbs on heatwave -Caixin China … Read more