Democrats Put Off Decisions on $3.5 Trillion Spending Plan for Now

Lawmakers seek intraparty consensus on healthcare, education and climate-change programs amid united Republican opposition. 


 
Stocks Can't Shake Off Downward Pressure

U.S. stocks fell, continuing a recent pullback even after fresh data showed inflation rose at a slower-than-expected pace. 


 
U.S. Casino Stocks Fall on Fears of Increased Macau Regulations

The Macau government has launched a process for new gambling licenses. 


 
Americans' Incomes Fell in 2020

Median household income was $67,500 in 2020, down 2.9% from the prior year, as the U.S. dealt with the economic fallout from the Covid-19 pandemic. 


 
Inflation Eased in August, Though Still High

The consumer-price index rose 0.3% in August from July, as inflation cooled slightly but remained strong with shortages of labor and supplies continuing to drive up prices. 


 
Democrats Hear Conflicting Messages From Voters on $3.5 Trillion Plan

In Virginia, centrist Rep. Abigail Spanberger tries to balance pushing through new spending on social safety programs while being attuned to worries from constituents about whether that amount of spending could fuel inflation. 


 
World's Oil Supply Pressured by Hurricane Ida, Other Outages

The impact of Hurricane Ida and other oil supply outages will take a sizable chunk out of global oil production this year, the International Energy Agency said. 


 
Pimco Sets Its Sights on Commercial Real Estate

As the Covid-19 pandemic reduces property values, the bond investor pursues higher yields by acquiring hotels and office buildings. 


 
The SPAC Bubble Is Burst. It May Be Time to Invest.

While the SPAC boom has fizzled, blank-check vehicles are now trading at deep enough discounts for even skeptical investors to consider arbitrage trades. 


 
Universal Music to Start Trading With Nearly $40 Bln Market Cap

Universal Music Group will have a market capitalization of about EUR33 billion ($38.98 billion) when the world's largest music company starts trading on the Euronext Amsterdam stock exchange next Tuesday, its listing prospectus shows.

(END) Dow Jones Newswires

09-14-21 2115ET