 | | | | World stock markets rallied on Thursday and the U.S. dollar retreated from one-month highs as worries faded about contagion from China Evergrande and as investors digested the Federal Reserve's plans for reining in U.S. stimulus. | | | | | | When a senior executive at virtual private network company ExpressVPN admitted to working on behalf of a foreign intelligence service to hack American machines last week, it stunned employees at his new company, according to interviews and electronic records. | | | | | | Bank of England Deputy Governor Sam Woods said on Thursday that Britain's banks have no major exposures to Evergrande and he does not expect the troubled Chinese property group to "go badly wrong". | | | | | | U.S. stocks gained more than 1% on Thursday as investors appeared relieved about the Federal Reserve's stance on tapering stimulus and raising interest rates. | | | | | | As uncertainty looms over cash-strapped China Evergrande Group , seizing up China's junk bond market, pressure is building on its peers to access fresh funding to repay notes worth nearly $300 billion due over the next two years. | | | | | | Nike Inc missed estimates for quarterly revenue on Thursday, signaling demand for its sports shoes and apparel was slowing. | | | | | | Membership-only retail chain Costco Wholesale Corp beat market expectations for quarterly revenue on Thursday, helped by strong demand for fresh foods, snacks, household items and jewelry. | | | | | | Jetmakers see strong demand for airliners even as the industry braces for tough new environmental measures, but some financiers have raised doubts over forecasts that the $150 billion industry will return to pre-COVID growth in just a few years. | | | | | | U.S. stocks closed higher on Thursday as investors appeared relieved about the Federal Reserve's stance on tapering stimulus and raising interest rates. | | | | | | U.S. Commerce Secretary Gina Raimondo said on Thursday that the decision by the Biden administration to lift international travel restrictions in early November will be a boost to the U.S. economy, especially for tourist destinations like New York and for business travel. | | | | | |
