* Nike (NKE) slips after cutting full-year sales estimate. * Crypto firms fall as China's crackdown deepens. * Indexes down: Dow 0.08%, S&P 0.06%, Nasdaq 0.40% By Devik Jain. Sept 24 - U.S. stock indexes fell on Friday following a two-day rally, weighed down by technology and healthcare shares, while a dour sales forecast from Nike (NKE) further dampened sentiment.
Rafael Holdings Inc (RFL): * Rafael Holdings Inc (RFL) - ON SEPTEMBER 20, MENACHEM ASH VOLUNTARILY RESIGNED AS PRESIDENT OF CO Source text for Eikon: [https://bit.ly/3kAB7eW] Further company coverage:
Days after reaching broad consensus that labor markets have healed enough for the Federal Reserve to soon begin withdrawing support, Fed Chair Jerome Powell on Friday heard from a broad range of economic players about the challenges holding them back during the recovery.
* Bullion slid to one-month low on Thursday. * Gold seen weakening again after Friday's gain. * Analyst says some Evergrande fears easing. * Platinum heads for weekly gain. By Arundhati Sarkar. Gold prices rose on Friday due to a subdued dollar and as investors avoided riskier assets because of China's Evergrande saga, but looming interest rate hikes slowed bullion's advance.
A deadline passed on Thursday for China Evergrande (EGRNF), the world's most indebted property company, to pay $83.5 million in interest on a dollar bond. Here is a timeline of this week's developments. MONDAY, SEPT. 20: Evergrande shares in Hong Kong hit lowest level since 2010. S&P Global Ratings says it does not expect Beijing to provide any direct support to the company.
Brazil's 12-month current account deficit was 1.23% of gross domestic product in August, the lowest annual deficit since January 2018, according to the central bank. The current account deficit fell from 1.3% in July as the balance for August was $1.68 billion, above the $1 billion expected by analysts polled by Reuters.
Two co-hosts of morning show "The View" tested positive for COVID-19 just before Vice President Kamala Harris was scheduled to appear in a live interview, the hosts of the show announced on air on Friday.
U.S. blank check firms eyeing cannabis companies are struggling to find suitable targets and many are merging into unrelated industries, as weak after market performance of recent Special Purpose Acquisition Corps listings dent confidence.
Regulators globally are cracking down on cryptocurrencies, alarmed at a rapidly expanding market that exceeded a record $2 trillion in April. Global regulators worry the rise in privately operated currencies could undermine their control of the financial and monetary systems, increase systemic risks, promote financial crime and hurt investors.
- Hundreds of people protested in Kabul on Friday, demanding that the United States release billions of dollars in central bank reserves blocked outside Afghanistan as the new Taliban government struggles to contain a deepening economic crisis.
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
Log In Required
