Global stocks fall as Chinese property developer Evergrande’s scramble to avoid default rattles investors

Mark Lennihan/Getty Images Global stocks fell Monday, with Dow futures down 500 points, on concerns about Evergrande fallout ahead of the Fed meeting this week. Evergrande’s Hong-Kong listed shares plunged to an 11-year low as fears grew of a default on $350 billion of debt. Oil dropped as the dollar jumped to a three-week high and as US production gradually returned. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Global stocks slid Monday as worries over the escalating crisis of Chinese property developer Evergrande sent shares in Chinese and Hong Kong property companies to their lowest levels in half a decade. Investors are also taking… Read More

Continue Reading

2 empty tequila bottles were found on under-construction Air Force One planes, prompting a probe by Boeing, report says

Air Force One lands at Cointrin airport as US President Joe Biden arrives in Geneva on June 15, 2021. DENIS BALIBOUSE/POOL/AFP via Getty Images Boeing is making two new jets ti serve as Air Force One. Two small tequila bottles were found onboard one of the planes this month, the WSJ reported. The project has been beset with delays and is expected to run to 2025. See more stories on Insider’s business page. Boeing is investigating the discovery of empty liquor bottles found inside a plane set to become the new Air Force One, The Wall Street Journal reported. Two small bottles of tequila were found this month on a… Read More

Continue Reading

North Korea slams US over submarine deal, warns countermeasures

SEOUL, South Korea (AP) — North Korea has criticized a U.S. decision to provide nuclear-powered submarines to Australia and threatened unspecified countermeasures if it finds the deal affects its security. State media on Monday published comments from an unidentified North Korean Foreign Ministry official who called the arrangement between U.S., Britain and Australia an “extremely” dangerous move that would destroy the security balance in the Asia-Pacific. The official said it would set off a nuclear arms race. The official said the North was closely examining the deal and would proceed accordingly if it has “even a little adverse impact on the security of our country.” President Joe Biden announced last… Read More

Continue Reading

8 killed in Russian university shooting, gunman ‘liquidated’

MOSCOW (Reuters) – A student opened fire at a university in the Russian city of Perm on Monday, killing at least eight people and wounding several, law enforcement said.  The gunman was himself killed after the shootings at Perm State University, around 1,300 km (800 miles) east of Moscow, Natalia Pechishcheva, a university spokesperson, said.  “He was liquidated,” she said. Footage from the scene showed his prone body on the ground outside.  Earlier media footage from the scene showed students jumping from first-floor windows to escape the building, landing heavily on the ground before running to safety.  Students built barricades out of chairs to stop the shooter from entering their… Read More

Continue Reading

Google reportedly has a second foldable in the works

Samsung’s recent foldable, the Z Flip 3, is more hamburger than hotdog. | Photo by Dan Seifert / The Verge Google appears to be internally testing a second foldable Pixel smartphone, according to 9to5Google’s sources. The device is said to be under development with the codename “Jumbojack,” that’s referenced in a future version of Android 12 which 9to5Google identifies as “Android 12.1.” This is the latest foldable codename we’ve heard about at Google, following reports of another device called “Passport.” Not much is known about what form Jumbojack could take, but 9to5Google has a couple of key details. It seems to have two screens, with one that deactivates when the… Read More

Continue Reading

10 Things in Politics: Post-Occupy Wall Street inequality keeps growing

Welcome back to 10 Things in Politics. Sign up here to receive this newsletter. Plus, download Insider’s app for news on the go – click here for iOS and here for Android. Send tips to bgriffiths@insider.com or tweet me at @BrentGriffiths. Here’s what we’re talking about: 10 Years Later: Why Occupy Wall Street failed and where it succeeded Senate Democrats are facing a major setback on immigration The US is moving to swiftly deport Haitians camped out along the border With Phil Rosen. The Occupy Wall Street protest kicked off September 17, 2011, in lower Manhattan’s Zuccotti Park. Reuters 1. LOOKING BACK: Occupy Wall Street protesters had big goals. Their… Read More

Continue Reading

Shooting in Russian university leaves 8 dead

People stand behind the fence near Russia’s Perm State University on Monday, Sept. 20, 2021, where a gunman opened fire leaving at least 8 people dead and others wounded, according to Russia’s Investigative Committee. (AP Photo/Anastasia Yakovleva)ASSOCIATED PRESS MOSCOW (AP) — A gunman opened fire in a university in the Russian city of Perm on Monday morning, leaving eight people dead and others wounded, according to Russia’s Investigative Committee. The gunman has been detained, the Interior Ministry said.  The Perm State University press service said the perpetrator used a so-called “traumatic” firearm; such guns are designed to fire non-lethal rubber or plastic projectiles, but can be modified to fire other… Read More

Continue Reading

Harriette Cole: My boyfriend humiliated me on social media

DEAR HARRIETTE: My boyfriend wrote an embarrassing photo caption about us on Facebook for our anniversary. Harriette Cole  The caption was long and wordy, and he highlighted the fact that he didn’t initially want to be in a relationship with me. He swears he meant well, but I’m humiliated. How do I handle this? Embarrassing Caption DEAR EMBARRASSING CAPTION: Sometimes people blur reality with social media, and that often leads to trouble. The details of your relationship should be public knowledge only if you both agree on that. Clearly, you did not give your boyfriend your blessing for him to go into the nuances of how you became a couple.… Read More

Continue Reading

Guess How Many People Worked From Home Last Year

About six months ago, a colleague asked me to guess what percentage of Americans were still working from home. I was still spending eight hours a day making calls just a few feet from my fridge. So were most of my friends. Maybe 40 percent? I guessed. I was off by half. Twenty-one percent of Americans were still teleworking as of March 2021; the other 79 percent were leaving their home like the old days. This was a case of beltway bias on my part, and I should have known better. My parents, in Iowa, had gone back to in-person work at that point, and many of my friends in… Read More

Continue Reading