NEW YORK—Wall Street’s latest winning week closed with a mixed finish on Friday following stronger profit reports than expected from several big U.S. companies. The S&P 500 slipped 4.62, or 0.1 percent, to 4,505.42 to edge back from its highest closing level since April 2022. The Dow Jones Industrial Average rose 113.89, or 0.3 percent,…
Stock Market Today: A Raucous Week for Wall Street Closes With a Quiet, Mixed Finish
Closing Prices for Crude Oil, Gold, and Other Commodities (July 14)
July 14, 2023
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Benchmark U.S. crude oil for August delivery fell $1.47 to $75.42 a barrel Friday. Brent crude for September delivery fell $1.49 to $79.87 a barrel. Wholesale gasoline for August delivery fell 4 cents $2.64 a gallon. August heating oil fell 1 cent to $2.60 a gallon. August natural gas fell 1 cent to $2.55 per…
How Major US Stock Indexes Fared July 14
Another winning week for Wall Street drifted to a quiet close following profit reports from several big U.S. companies that topped expectations. The S&P 500 fell 0.1 percent Friday, coming off its highest close since April 2022. The Dow rose 113 points, or 0.3 percent, and the Nasdaq slipped 0.2 percent. UnitedHealth Group jumped after…
Strong Big Bank Earnings Lift Wall Street at Open
Wall Street’s main indexes opened higher on Friday after three of the country’s top lenders including JPMorgan Chase and Wells Fargo commenced second-quarter earnings for big U.S. banks on a strong note. The Dow Jones Industrial Average rose 30.19 points, or 0.09 percent, at the open to 34,425.33. The S&P 500 opened higher by 4.57…
Private-Equity Firms Are Buying Out Medical Practices and Raising Prices for Americans: Study
July 14, 2023
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Private-equity firms have been buying up individual physician practices at a rapidly increasing rate over the past decade and raising prices for millions of Americans, according to a study released this week. The rise in acquisitions by investor groups of market share in the health care industry are leading to higher treatment costs, the study showed. When private…
Small-Business Optimism Rises, but Inflation Concerns Remain Persistent
July 14, 2023
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American small-business confidence slightly climbed to a seven-month high last month, but concerns about inflation remain persistent, according to a recent report. Pessimism over the U.S. economy diminished sharply, while sales expectations improved, but a persistently tight labor market is continuing to concern analysts about future inflation rates. The National Federation of Independent Business (NFIB)…
Dollar Near 15-month Low as Easing US Inflation Fuels Rate Peak Bets
LONDON/SINGAPORE—The dollar hovered near a 15-month low on Friday and was set for its biggest weekly decline since November after softening U.S. inflation data fuelled investors’ bets that the Federal Reserve was close to the end of its rate hike cycle. U.S. producer prices barely rose in June and the annual increase in producer inflation…
Sam Bankman-Fried Attorneys Ask Judge to Remove Security Measures for ‘Close Friends’ Visiting
Lawyers for Sam Bankman-Fried on July 13 asked the judge overseeing his criminal prosecution to allow “close friends and colleagues” of the former FTX founder’s parents to visit him at his home without a security guard having to be present or conduct security checks. Mr. Bankman-Fried was extradited to the United States from the Bahamas in…
Ex-CEO of Bankrupt Cryptocurrency Exchange Celsius Arrested, Charged With Fraud
July 14, 2023
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The former CEO of bankrupt cryptocurrency lending platform Celsius Network, Alexander Mashinsky, has been arrested and is facing a string of charges for allegedly misleading investors and manipulating the price of the company’s crypto token, the Department of Justice announced on July 13. Mr. Mashinsky was arrested Thursday and charged with securities fraud, commodities fraud, and wire fraud for defrauding…
Brent Oil Hovers Above $81 After Supply Disruptions
LONDON—Global benchmark Brent crude hovered above $81 a barrel on Friday, with bullish sentiment over U.S. demand bolstered by supply disruption in Libya and Nigeria. Both the Brent and U.S. West Texas Intermediate (WTI) contracts had risen for three straight sessions and in early Asian trade on Friday, poised to register a third straight week…
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