By Shreyashi Sanyal and Arjun Panchadar Oct 16 (Reuters) – Wall Street edged lower on Wednesday, as concerns over an escalation in the U.S.-China trade war and weak economic indicators persisted, while a raft of upbeat results underlined a solid start to the third-quarter earnings season. U.S.stocks came under pressure after the U.S. House of…
By Sinéad Carew March 18 (Reuters) – The popularity of non-fungible tokens, a type of digital asset that is authenticated by blockchain, is spreading to equities as investors focus on shares of online art trading platforms and companies making NFT-related announcements, sparking outsize moves in their stocks. Shares of Sino-Global Shipping America Ltd., a shipping…
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 Shreyashi Sanyal and Devik Jain Oct 7 (Reuters) – U.S.stocks climbed on Thursday in a broad-based rally led by heavyweight technology stocks, after a temporary truce in the debt-ceiling standoff in Congress relieved concerns of a possible government debt default later this month. U.S. Senate Majority Leader Chuck Schumer announced Senate leaders have agreed…