Dow leads stocks lower ahead of Powell testimony: Stock market news today

Stocks ended the session lower Tuesday as investors awaited Federal Reserve Chairman Jerome Powell’s testimony and eyed potential headwinds to the recent rally, including concerns about China’s economy. The Dow Jones Industrial Average (^DJI) fell 0.72%, or more than 200 points. The S&P 500 (^GSPC) was down about 0.47%, while the Nasdaq Composite (^IXIC) dropped 0.16%. Worries about the health of China’s economy, the second-biggest in the world, persisted as Beijing’s latest cut to a key lending rate fell short of hopes. Markets are also bracing for Powell’s two-day testimony to a House committee set to start Wednesday, watching for […]

The top 4 questions to add to your Business Travel tender in light of the pandemic

The current global pandemic has had an impact on all of our lives in some way and will inevitably influence the evolving shape of business travel as we look forward to being able to travel more freely in the not too distant future. There is no doubt that your business will now have lots more to consider as your employees start to hit the road again and it’s crucial that as you start to look at travel again, you ask the right questions within your tender to make sure your new supplier can fully support you in these uncertain times. […]

Sony eyes finance unit listing, doubles down on entertainment

Sony took full control of financial arm just three years ago Sony looking at retaining stake of slightly less than 20% Sony is investing in entertainment, image sensor businesses TOKYO, May 18 (Reuters) – Sony Group Corp (6758.T) on Thursday said it is examining a partial spin-off of its financial business just three years after taking full control, as the conglomerate doubles down on entertainment and image sensors. Sony said it is considering a time frame of two to three years to spin off Sony Financial Group – whose operations include life insurance and banking – with an eye on […]

Government finance statistics: net financial worth – Products Eurostat News

The general government financial accounts cover transactions in financial assets and liabilities as well as the stock of financial assets and liabilities. The difference between the stock of financial assets and the stock of liabilities is called net financial worth. At the end of the third quarter of 2022, the EU net financial worth stood at -€7 684 billion or -49.6% of gross domestic product (GDP). Compared with the end of the second quarter of 2022, the EU net financial worth improved by €282 billion. Compared with the end of the third quarter of 2021, the EU net financial worth […]