Asian Shares to Be Pressured, Chipmakers in Focus: Markets Wrap
Global stocks and Asian currencies rallied as authorities pushed back against a stronger dollar, helping restore a sense of confidence in financial markets.
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Global stocks and Asian currencies rallied as authorities pushed back against a stronger dollar, helping restore a sense of confidence in financial markets.
Ken Griffin’s Citadel and Citadel Securities will move their London spot to a new office campus in the heart of the city.
President Joe Biden called China “xenophobic” while highlighting the Asian nation’s economic woes, as he sought to make the case for US economic strength during a campaign stop in the swing state of Pennsylvania.
Freddie Mac is seeking regulatory approval to expand into guaranteeing second mortgages, a shift that would potentially drive down costs for Americans seeking to borrow against the equity in their home.
The US economy has “expanded slightly” since late February and firms reported greater difficulty in passing on higher costs, the Federal Reserve said in its Beige Book survey of regional business contacts.
Sep 27, 2021
Bloomberg News
,(Bloomberg) -- Much of New York is back in swing, with hundreds willing to get in close quarters together. It’s not the same inside office buildings.
Thousands from around the world have been brought together again in recent weeks. Dignitaries collaborated at the United Nations meeting, bringing traffic in the city to a halt. Floors were filled in the Javits Center for Anthony Scaramucci’s conference, while each night parties filled venues near Hudson Yards. Hedge fund managers including Ray Dalio and Dan Loeb huddled to swap big ideas an hour away, next to parked yachts at the Greenwich Economic Forum last week.
Nights were lit up at clubs and lofts in the West Village and Tribeca as crypto events abounded. The Wall Street elite are hosting soirees in Greenwich Village and Central Park once more.
Yet big Wall Street firms are having trouble bringing people back.
Bloomberg’s Jenny Surane highlights the perks meant to lure workers in: free food, complimentary gym memberships, group therapy sessions and, in the case of Citigroup in London, even therapy puppies. An estimated 28% of office workers in the New York areas have returned, data tracked by security company Kastle Systems shows.
Wells Fargo, meanwhile, has pushed its return-to-office plans back a third time. The bank with the biggest workforce of all of its peers is now targeting November.
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