By Devik Jain and Sagarika Jaisinghani Oct 1 (Reuters) – Wall Street’s main indexes rose on the first day of the fourth quarter on Thursday as investors bet on more fiscal stimulus after data showed a recovery in the labor market was slowing. The number of Americans filing for jobless benefits fell to 837,000 in…
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 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…
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 Sinéad Carew Oct 12 (Reuters) – Think about something novel you started doing two-and-a-half years ago to make life easier during the COVID lockdown and chances today are that there is a related story about a stock market casualty. Add investor worries about soaring inflation and toket gede an economic slowdown that tipped Wall…