India Is Losing a Green-Energy Subsidy Race
Huge green subsidies from wealthy countries could slow climate progress for some of the world’s biggest carbon emitters by drawing away badly needed resources. #press
Where to Find a Deal on Mercedes and BMW
The stocks of the car companies have rarely been cheaper, as investors foresee a deep crisis that may never come. #press
Rates Are Up. We're Just Starting to Feel the Heat.
Homeowners. Car buyers. Landlords. Big businesses. Here’s who stands to lose—and in some surprising cases, win—as interest rates stay high in the years ahead. #press
The Generational Paradigm Shift Taking Over Markets
For most of the 20th century, stocks and bond yields moved in opposite directions. They are doing it again after a two-decade break. #press
Why Spectrum Customers Can't Watch the U.S. Open and College Football
Disney-owned channels go dark for Spectrum viewers amid a carriage dispute between the two companies. #press
Gold Edges Up on U.S. Data, Fed Hopes
Gold prices were higher in Asian early trade after U.S. consumer-spending data for July came in line with expectations. #press
https://www.wsj.com/articles/gold-edges-up-on-u-s-data-fed-hopes-b9828ca6?utm_source=press.coop
China Caixin PMI Returns to Expansion
A private gauge of China’s factory activity swung to expansion in August, thanks to improved supply and market demand. #press
https://www.wsj.com/articles/china-caixin-pmi-returns-to-expansion-e22293c7?utm_source=press.coop
China Central Bank to Cut Forex Reserves Ratio
The Chinese central bank said it would lower the amount of foreign-exchange deposits banks will have to hold, a move seen as a bid to shore up the yuan. #press
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This fall's Covid variant might really be different #press
https://www.wsj.com/articles/more-amp-raquo-91bbf55f?utm_source=press.coop
August's Jobs Report: Here's What to Focus On
Economists estimate that U.S. employers in August added 170,000 to payrolls, which would be the smallest gain this year. #press
What to Know About Covid This Fall
Covid-19 cases are up due to a summer bump. The latest on new variants, vaccines and testing. #press
https://www.wsj.com/articles/covid-fall-2023-new-variant-updates-c1135ce6?utm_source=press.coop
Johannesburg Fire Turns 'Hijacked' Building Into Death Trap, Killing at Least 74
Blaze rips through city-owned structure linked to the decline of the city’s once-glitzy downtown. #press
South Korea's Exports Shrink for 11th Straight Month
South Korea’s exports shrank on year for an 11th consecutive month in August amid sluggish global demand, though the pace of decline moderated significantly. #press
Corrections & Amplifications
Corrections & Amplifications for the edition of Sept. 1, 2023 #press
https://www.wsj.com/articles/corrections-amplifications-9862d023?utm_source=press.coop
Australian Home Prices Continue to Defy Soaring Interest Rates
Australian house prices posted a sixth consecutive monthly rise in August despite a record surge in interest rates over the last year, with the latest data showing further acceleration in prices growth. #press
Australian Manufacturing PMI Data Shows Resilience, Price Pressures Building
Australia’s manufacturing sector appears more resilient after a weak start to the year, but price pressures are building in the sector which could alarm the Reserve Bank of Australia, according to Judo Bank. #press
This Orange County Community Is Home to the Most Expensive ZIP Code
California’s Newport Coast had a median house list price of $10.645 million in July. #press
Hong Kong Morning Trading Session to Be Delayed Due to Typhoon
Hong Kong’s morning trading session will be delayed due to a typhoon alert issued by the government, which is currently at signal No. 8. #press
UAW Accuses GM, Stellantis of Unfair Labor Practices
The union’s president said a complaint with the National Labor Relations Board has been filed citing unfair labor practices by the two automakers. #press
The Peninsula Finds a Long-Sought London Home
With its brand-new outpost in the U.K. capital, the Peninsula Hotels is realizing a vision three decades in the making. #press