News Highlights: Top Global Markets News of the Day

Stocks Close Higher After GDP Data

Share benchmarks edged up after fresh data on economic growth and the labor market provided insight into the state of the recovery, amid a flurry of corporate results.

U.S. Import Surge Overwhelms Warehouse Space Near Ports

Warehousing near Southern California's ports is increasingly hard to find. 'You can literally count on your hand at best how many spaces are available,' says DHL Supply Chain's head of real estate in the Americas.

Robinhood's Stock Price Falls After IPO

The company's stock closed down 8.4% in its trading debut after pricing its shares at the bottom of its targeted range.

China's Tech Crackdown Could Backfire Badly

When a government comes to believe it can snap its fingers and create-or destroy-whole industries at will, things can easily go awry.

China's Food Market Stable Despite Henan Floods

Widespread flooding in central China's Henan province only had a partial and short-term impact on the country's food market, China's Ministry of Agriculture and Rural Affairs said.

The U.S. Economy's Prospects Looked Bright, Until the Delta Variant Surged

Gross domestic product grew at a 6.5% annual rate in the second quarter and the economy exceeded its pre-pandemic size, but slower growth is expected in coming months.

Didi Weighs Going Private to Placate China, Investors

The ride-hailing giant has been in discussions about how it could resolve some of the problems that emerged after it listed on the NYSE on June 30, according to people familiar with the matter.

Singapore's Employment Contracted in Second Quarter

Singapore's overall employment contracted in the second quarter as a decline in nonresident employment amid ongoing border restrictions outweighed an expansion in resident employment.

Jobless Claims Resumed Decline Last Week

Workers' filings for new unemployment benefits resumed their decline last week and remain near a pandemic low as the labor market continues to recover from the pandemic, economists say.

Startup Medical-Device Acquisitions Picked Up in First Half

Medical-technology companies are buying more startups as the industry recovers from disruptions to healthcare procedures triggered by the global pandemic last year.

  (END) Dow Jones Newswires
  07-30-21 0315ET
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