Category: USA

Boeing Lifts Dow at Open After Omicron-Led Selloff

December 2, 2021
BoeingBusiness & EconomyBusinesses in COVID-19CompaniesDoweconomyInvestmentLocal NewsMarket WatchMarketsNew YorkNY NewsOmicronRegional-Local NewsstocksUSUS NewsUSA
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The Dow opened higher on Thursday, led by gains in planemaker Boeing, although increasing cases of the new Omicron coronavirus variant across the world continued to drive volatility in markets. The Dow Jones Industrial Average rose 54.21 points, or 0.16 percent, at the open to 34,076.25. The S&P 500 opened lower by 8.31 points, or…

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Wall Street Opens Higher After Virus-Driven Rout

December 1, 2021
Business & EconomyBusinesses in COVID-19CompanieseconomyLocal NewsMarket WatchMarketsNew YorkNY NewsOmicronRegional-Local NewsstocksUSUS NewsUSA
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U.S. stocks jumped at the open on Wednesday, recovering from a sharp sell-off triggered by concerns over rising inflation and the new Omicron coronavirus variant. The Dow Jones Industrial Average rose 195.22 points, or 0.57 percent, at the open to 34,678.94. The S&P 500 opened higher by 35.82 points, or 0.78 percent, at 4,602.82. The…

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US Bond Funds See First Weekly Outflow in Over Four Months: Lipper

November 27, 2021
bondBusiness & EconomyBusinesses in COVID-19Companieseconomic policieseconomyInvestmentLipperMarketsUSUS NewsUSA
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U.S. bond funds posted a net outflow in the week to Nov. 24 as investors raised bets that the Federal Reserve would become more aggressive in normalizing monetary policy to fight inflation after President Joe Biden nominated Jerome Powell as chairperson for a second term. According to Refinitiv Lipper data, investors sold U.S. bond funds…

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US to Sell 32 Million bbls From 4 Sites as Part of Strategic Sale

November 25, 2021
Asia & PacificBusiness & EconomyBusinesses in COVID-19ChinaChina Business & EconomyCompanieseconomic policieseconomyExecutive BranchGold & CommoditiesIndiaInternationalLocal NewsOilPoliticsRegional-Local NewssalestrategicTexasUSUS NewsUSAWorld
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The United States will sell 32 million barrels of crude from four Strategic Petroleum Reserve (SPR) sites to be delivered between late-December and April 2022, the Department of Energy (DOE) said as it auctions oil to try to lower global prices. International oil prices have held above $80 a barrel even after U.S. President Joe…

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Oil Weakens, Focus on OPEC+ Response to US–Led Crude Release

November 25, 2021
Asia & PacificBusiness & EconomyBusinesses in COVID-19ChinaChina Business & EconomyCompanieseconomic policieseconomyGold & CommoditiesIndiainflationInternationalLocal NewsMarket WatchMarketsMiddle EastOilOPECRegional-Local NewsreleaseTexasUSUS NewsUSAWorld
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MELBOURNE/SINGAPORE—Oil prices edged down on Thursday with investors waiting to see how major producers respond to the emergency crude release by major consuming countries designed to cool the market, even as data pointed to healthy U.S. fuel demand. Brent crude futures slipped 7 cents to $82.18 a barrel at 0726 GMT, after losing 6 cents…

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Global Stocks Mixed After Fed Says Ready to Act on Inflation

November 25, 2021
Asia & PacificAustraliaBusiness & EconomyBusinesses in COVID-19ChinaChina Business & EconomyCompaniesDistrict of Columbiaeconomic policieseconomyEuropeglobalGold & CommoditiesIndiainflationInternationalInvestmentLocal NewsMarket WatchMarketsMedia & Big TechMiddle EastNew YorkNY NewsRegional-Local NewsstocksTexasUKUSUS NewsUSAWorld
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BEIJING—Global stock markets mostly rose Thursday after Federal Reserve officials indicated they were ready to hike interest rates sooner than expected if needed to cool U.S. inflation. London, Tokyo, Frankfurt, and Hong Kong markets advanced, while Shanghai declined. Wall Street futures were higher. U.S. markets were closed for the Thanksgiving holiday. They reopen Friday for…

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Taiwan Talks Chips, Chinese ‘Coercion’ in US Meeting

November 23, 2021
Asia & PacificBusiness & EconomyBusinesses in COVID-19ChinaChina Business & EconomyChinese Regimecoercioneconomic policieseconomyExecutive BranchGlobal ExpansionNational SecurityPoliticsSpecial TopicsTaiwanTechTech NewsUSUS NewsUS-China relationsUSAWorld
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TAIPEI—Taiwan and the United States discussed chip shortages and how to respond to China’s economic “coercion” during the second session of an economic dialogue launched last year, Taiwan Economy Minister Wang Mei-hua said on Tuesday. The talks came a week after a virtual meeting between U.S. President Joe Biden and Chinese leader Xi Jinping. After…

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Futures Dip as Rising Yields Dent Tech Shares

November 23, 2021
Business & EconomyBusinesses in COVID-19Companieseconomic policieseconomyfuturesinflationInvestmentLocal NewsMarket WatchMarketsMedia & Big TechNew YorkNY NewsRegional-Local NewsstocksTechUSUS NewsUSA
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U.S. stock index futures fell on Tuesday as rising Treasury yields weighed on major technology stocks, while bank shares extended gains as investors priced in an early policy tightening by the Federal Reserve. Bank stocks rose in premarket trade, tracking gains in yields after Jerome Powell’s reappointment as Fed Chair raised market expectations for an…

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US Bank Stocks Rise as Industry Welcomes Powell Renomination

November 22, 2021
bankBusiness & EconomyBusinesses in COVID-19Companieseconomic policiesEconomieseconomyExecutive Branchjerome powellJoe BidenMarket WatchMarketsPoliticsRenominationstocksUSUS NewsUSA
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NEW YORK—U.S. bank stocks rose on Monday as senior bankers and industry figures welcomed Federal Reserve Chair Jerome Powell’s nomination by President Joe Biden for a second four-year term. Biden, in a statement emailed to reporters, paid tribute to the “decisive action” which the Fed had taken in response to the COVID-19 pandemic. And senior…

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Theranos Founder Elizabeth Holmes Takes Stand to Defend Herself in Fraud Case

November 20, 2021
Business & EconomyCompaniesCrime and IncidentsElizabeth HolmesFraudHealth NewsLocal NewsMind & BodyNorthern CaliforniaRegional-Local NewstheranosUSUS NewsUSA
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SAN JOSE, Calif.—Theranos founder Elizabeth Holmes took the stand on Friday to defend herself against charges of defrauding investors and patients about the now-defunct blood-testing startup once valued at $9 billion. Holmes, 37, is accused of making false claims about Theranos, including that its technology could run a range of diagnostic tests more quickly and…

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