Aug 27 (Reuters) – The U.S. economy continues to make progress towards the Federal Reserve’s benchmarks for reducing its pandemic-era emergency programs, Fed Chair Jerome Powell said on Friday, in remarks that defended the view current high inflation will likely pass and stopped short of signaling the timing for any policy shift. STORY: STATEMENT: MARKET…
By Rodrigo Campos NEW YORK, Oct 30 (Reuters) – Stocks across the globe resumed their slide on Friday and oil posted a double-digit weekly fall on continued concern over the economic impact of rising global coronavirus infections and ahead of Tuesday’s U.S.presidential election. Global coronavirus cases rose by over 500,000 for the first time this…
By Lewis Krauskopf NEW YORK, Jan 22 (Reuters) – A bevy of major U.S.earnings reports next week led by Apple, Microsoft and Facebook could help technology and growth stocks reassert their dominance after a recent run by banks, energy and other potential beneficiaries of an economic reopening. After leading markets higher for most of 2020,…
By Medha Singh and Shivani Kumaresan Oct 19 (Reuters) – Wall Street’s main indexes slipped on Monday as losses in tech-related heavyweights Facebook and Amazon eclipsed optimism on a coronavirus relief deal before the Nov.3 presidential election. U.S. stocks had opened higher after House Speaker Nancy Pelosi said she was optimistic legislation could be pushed…
By Stephen Nellis Sept 14 (Reuters) – Apple Inc unveiled the iPhone 13 and a new iPad mini on Tuesday, expanding 5G connectivity and showing off faster chips and sharper cameras without raising the phone’s price. The Cupertino, California-based company did not announce any blockbuster features or products, but analysts expect customers hanging onto older…
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By Devik Jain and Ambar Warrick Aug 27 (Reuters) – The S&P 500 and the Nasdaq hit record highs on Friday as Federal Reserve Chair Jerome Powell signaled the U.S.central bank will remain patient as it tries to nurse the economy back to full employment. In prepared remarks for a speech to the Jackson Hole…
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By Rodrigo Campos NEW YORK, Oct 30 (Reuters) – Stocks across the globe resumed their slide on Friday and oil posted a double-digit weekly fall on continued concern over the economic impact of rising global coronavirus infections and ahead of Tuesday’s U.S.presidential election. Global coronavirus cases rose by over 500,000 for the first time this…
