Global Finance

A flight from risky assets in the first week of the new year has wiped more than $2.5 trillion from global equities, made worse by China’s central bank cutting its yuan reference rate for an eighth straight day. China’s tolerance for a weaker yuan is being seen as evidence policy makers are struggling to revive an economy that’s the world’s biggest consumer of energy, metals and grains.

  Bloomberg

I can't say I understand what that means, but the phrase "made worse by" makes me think it's not a good thing.

The move revived the angst that sent financial markets into turmoil last summer, driving U.S. stocks to three-month lows yesterday in a selloff led by commodity producers. Comments by billionaire George Soros exacerbated market jitters after he told an economic forum in Sri Lanka today that global markets are facing a crisis and investors need to be very cautious.

"Crisis" doesn't make it any cheerier.

A weaker yuan would support China’s flagging export sector, but it also boosts risks for the nation’s foreign-currency borrowers, and heightens speculation that the slowdown in Asia’s biggest economy is deeper than official data suggest.

Yeah. Not getting better.

A report today showed fewer Americans filed applications for unemployment benefits last week, a sign the U.S. labor market remained robust entering 2016.

I'm not sure that is what that means.