This week, officials from the Bank of Japan and the Fed give closely watched speeches ahead of policy meetings later this month. Also, the ECB caps off a two-day policy meeting; the U.K.’s new Treasury chief will make his first appearance before the House of Lords; and China reports data on inflation.
Auto makers are facing criticism they are too quick to promote self-driving technologies, playing down the systems’ limitations and leaving customers with an inflated sense of their capabilities.
U.S. employers did just enough hiring in August to keep unemployment in check and maintain steady—though unspectacular—wage growth. But cooling job growth from recent months reinforced market expectations that the Federal Reserve will push off a rate increase until December at the earliest.
Wyoming entrepreneur Chuck Resor is emblematic of American creativity, though that includes outsourcing production to China. Happy Labor Day!
The increasingly likely demise of Hanjin Shipping Co. may temporarily offer short-term relief and hasten consolidation in the industry, but it probably won’t do much to solve shipping’s capacity glut.