News Highlights: Top Global Markets News of the Day

Stock Futures Edge Lower, Chinese Indexes Fall

U.S. stock futures crept down following another day of losses in China and Hong Kong, where indexes were hit by fears around an economic slowdown and debt problems with giant property developer Evergrande.

U.S. Retail Sales Rose 0.7% in August

Sales at retailers and restaurants grew 0.7% last month, a sign of the economic recovery's resilience despite the Delta variant.

Jobless Claims Remain Near Pandemic Low

U.S. initial unemployment claims rose slightly to 332,000 last week but remained near a pandemic low despite the impact of the Delta variant on the economy.

Surging Energy Prices Close U.K. Factories, Another Bottleneck in a World Full of Them

Soaring natural-gas prices prompted U.S. fertilizer maker CF Industries to close two U.K. plants, in a sign that Europe's energy crunch is affecting industry as the economy struggles with several other disruptions amid the recovery from the pandemic.

CEO's Dad Gets a $3.6 Billion Stock Windfall at Carvana

Ernie Garcia II has benefited from an ownership structure that confers benefits on him and his family and allows them to maintain control of the business-benefits that can come at the expense of other shareholders.

Entrepreneurs Fear Fallout Should Medicare Proposal Falter

Some venture capitalists and entrepreneurs say investment in medical devices could fall if Medicare scraps a proposed rule to speed up its coverage of breakthrough medical technologies over concerns it could put patients at risk.

China Casts Itself as Ally to Workers in Battle With Big Tech

China's ruling Communist Party is pressing the country's largest digital platforms to improve conditions for tens of millions of contract workers, but critics see Beijing using the effort to tighten its control.

Detroit's Hopes to Be Valued More Like Tesla Hit Roadblocks

The pandemic has shown that old-school car stocks like GM and Volkswagen are still driven more by sales than high- profile technology developments

Elizabeth Warren Calls On Fed Banks to Bar Leaders From Stock Trading

The senator sent letters to the 12 regional Fed presidents asking them to ban ownership of individual stocks among top officials at their banks.

Evergrande's Woes Fuel Selloff in Chinese Property Shares

A selloff in Chinese property stocks intensified, as concern mounted about the effects of an official campaign to rein in the sector.


  (END) Dow Jones Newswires
  09-16-21 0915ET
  Copyright (c) 2021 Dow Jones & Company, Inc.

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