News Highlights: Top Global Markets News of the Day - Friday at 1 AM ET
U.S. Stocks Fall as Oil Prices Jump
All three major indexes fell, led by the Dow industrials. Markets have been volatile in recent days with tensions ratcheting up between Israel and Iran.
Asian Shipping Stocks Fall After U.S. Port Workers Suspend Strike
Shares of Asian shipping companies fell sharply after U.S. port workers suspended a three-day strike, dashing hopes for higher freight rates as a result of limited supply.
U.S. Port Workers Agree to End Their Strike
Companies sweeten contract offer to a 62% wage increase to reopen ports from Maine to Texas.
Japan PM Instructs Ministers to Compile Comprehensive Economic Package
Shigeru Ishiba said the stimulus package will focus on easing the burden of rising living costs, boosting growth and strengthening relief and preparedness measures for natural disasters.
U.K. Retail Footfall Rises for First Time in a Year
The number of visitors to stores rose 3.3% in September, boosted by the mild temperatures, according to a study.
Investors fearing a scary start to October should focus instead on Friday's jobs report
Jobs data still holds sway when it comes to the Fed and interest rates, making it crucial to a jittery market
For Chinese Tech Startups, Beijing Fills a Funding Void Left by VCs
Previous efforts to inject state money into favored industries have yielded mixed results.
Oil Surges After Biden Says U.S. Discussing Israel Attack on Iran Facilities
A calm 2024 for petroleum prices has given way to bets that a spike in energy prices could follow.
Investors Ignore Widening U.S. Budget Gap, at Their Own Peril
As investors focus on the pace of interest rate cuts in the U.S., the country's ballooning-and politically sensitive-debt load poses risks that markets are not being priced in, according to some estimates.
CEOs Are on the Hunt for More M&A. Where the Next Deals Are.
Dealmaking is up this year and doesn't look like it will slow down in 2025. Merck is an example of a company that could easily buy a smaller one.
(END) Dow Jones Newswires
October 04, 2024 01:15 ET (05:15 GMT)
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