China’s industrial production and consumption improved in August, while investment continued to lose momentum despite Beijing’s increased efforts to stimulate growth.
MarketWatch
: UAW set to strike at 3 auto plants if no deal reached by midnight
The UAW has called on workers at a GM pickup truck plant in Missouri, a Ford Motor Co. assembly line in Michigan, and a Stellantis NV Jeep plant in Toledo, Ohio, to strike at midnight if an agreement is not reached ahead of the labor contract expiration.
: Tesla may be the winner of the Big Three labor talks
Tesla Inc.’s EV moat would widen as the Ford, GM and Stellantis face labor strife.
: Salesforce to hire 3,300 people following layoffs earlier this year: report
Salesforce Inc. is hiring again, after laying off about 10% of its staff earlier this year, according to a new report.
Dow Jones Newswires: SoftBank shares rise in Tokyo after Arm’s strong market debut
SoftBank Group shares rose Friday morning in Tokyo after chip designer Arm surged in its Nasdaq debut overnight, raising hopes for a recovery in the IPO market.
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China’s central bank cut a short-term policy rate on Friday, a day after saying it will lower the amount of deposits banks have to set aside as reserves to spur more lending as the world’s second-largest economy shows more signs of slowing.
: Biden attacks ‘MAGAnomics’ even as polls show Americans aren’t sold on ‘Bidenomics,’ either
President Biden delivers what the White House bills as a “major economic address on Bidenomics vs. MAGAnomics,” as polling for Bidenomics isn’t impressive.
Market Extra: Tesla readies record-sized pool of EV leases for bond deal, a sign of resilience in luxury
Tesla Inc. is pitching bond investors a new $1.8 billion deal backed by leases on its electric vehicles, according to preliminary marketing materials.
Earnings Results: Adobe earnings top Wall Street estimates, while sales forecast is roughly in line
Adobe shares traded between slight gains and losses after hours Thursday, after the company’s revenue outlook came in roughly in line with estimates.
TaxWatch: The IRS is hitting pause on new claims for a pandemic tax credit ‘overtaken by aggressive promoters’
The IRS will stop processing new claims on a pandemic-era credit for businesses that has become prone to questionable claims and hard-sell tactics from companies that say they can land payouts for clients.