China is providing 500 billion yuan ($89.5 billion) of liquidity to its five biggest banks as Premier Li Keqiang steps up stimulus to support economic growth, according to a news report.
Heavy losses in the second fiscal quarter, things are not looking good for Sears Holdings. These losses are up nearly $400 million since the same time last year, and with only $1 billion in cash and holdings Sears is having a hard time staying afloat.
... * BOJ's easy stance keeps pressure on yen as bill yields turn negative. * WSJ reports Fed may not sound as hawkish as markets expect.
Most older Americans begin taking Social Security benefits before they reach what the Social Security Administration defines as full retirement age.
Chinese investors are very keen on the Alibaba IPO, and the Hong Kong stock market seems to be suffering as a result. Reuters. Alibaba founder Jack Ma.