Reuters Business: Wall St eases as caution rises over earnings; financials down

Visit Reuters.com for the latest news

Reuters Business   Tweet       Share Wall St eases as caution rises over earnings; financials down U.S. stocks ended a choppy session lower on Monday as investors grew more nervous ahead of the third-quarter earnings reporting season. Facebook's oversight board to meet with whistleblower Frances Haugen Facebook Inc's oversight board, a body set up by the social network to give independent verdicts on a small number of thorny content decisions, said on Monday it would meet with former employee and whistleblower Frances Haugen in the coming weeks. (https://bit.ly/2YDUKtO) IMF board to resume debate over Georgieva's future later Monday The International Monetary Fund's 24-member executive board is due to resume talks later on Monday about data-rigging allegations against Managing Director Kristalina Georgieva, after vowing on Sunday to resolve the issue "very soon," sources familiar with the matter said. Wall Street slips as caution rises over earnings; financials down U.S. stocks were mostly lower in afternoon trading Monday with trading choppy as investors were cautious before third-quarter earnings season. China's bond markets slump again as new Evergrande deadline passes Chinese property firms' bonds were hit with another wrecking ball on Monday as Evergrande looked set to miss its third round of bond payments in as many weeks and rivals Modern Land and Sinic became the latest scrambling to delay deadlines. JPMorgan's Dimon blasts bitcoin as 'worthless', due for regulation Jamie Dimon, JPMorgan Chase & Co chief executive, said on Monday at a conference that cryptocurrencies will be regulated by governments and that he personally thinks bitcoin is "worthless." Xi Jinping inspects ties between Chinese financial companies and private firms - WSJ Chinese President Xi Jinping is scrutinizing the ties that the country's state banks and other financial institutions have developed with big private companies, the Wall Street Journal reported on Monday, citing people with knowledge of the plan. Amazon to take team-wise approach on remote work policy Amazon.com Inc will let individual teams decide for how many days corporate employees would be expected to work from office in a week, Chief Executive Officer Andy Jassy said in a message to employees on Monday. Growth is biggest challenge for emerging economies -World Bank chief economist Lack of growth is the biggest economic challenge facing developing economies, the World Bank's chief economist said on Monday. Lufthansa repays 1.5 bln euros of state aid after cash call Deutsche Lufthansa said on Monday it had wrapped up a 2.16 billion euro ($2.5 billion) capital increase and used the proceeds to repay 1.5 billion euros in state aid as it banks on a rebound in air travel. Related Videos JPMorgan's Dimon blasts bitcoin as 'worthless' Stagflation 'worst of all worlds' -strategist Southwest expects flights to normalize this week Your world. Your news. More Newsletters Get Reuters News App               © 2021 Thomson Reuters. All rights reserved. 3 Times Square, New York, NY 10036 Email Preferences    |   Privacy Policy    |   Terms and Conditions