S Africa’s Eskom faces ‘existential problem’ as local councils fail to pay bills
Description
Utility’s losses narrow but amount owed by country’s municipalities has surged 28% to record R95bn
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S&P 500 falls into correction after losing 10% from summer peak
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US blue-chip index has been tugged lower by worries over rates, geopolitics and mediocre earnings
S&P 500 hits new record after Fed makes jumbo cut to US interest rates
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Global stocks rally as investors bet that the central bank’s move will support US economic growth
S&P 500 hits new record as tech rally pushes stocks higher
Description
Gains drive Wall Street’s blue-chip index above previous peak in January 2022