Stocks wobbled in morning trading on Wall Street Thursday as investors study moves by central banks to fight rising inflation. The S&P 500 rose 0.1 percent as of 10:20 a.m. Eastern and is hovering around the record high it reached last Friday. The Dow Jones Industrial Average rose 178 points, or 0.5 percent, to 36,102…
Stocks Wobble as Wall Street Focuses on Central Banks
December 16, 2021
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Growing Number of New York Counties Won’t ‘Become Mask Police’ Amid Governor’s Mandate
A growing number of New York counties indicated they will not enforce Gov. Kathy Hochul’s mask-or-vaccine mandate that she enacted earlier this month, with one county executive describing the Democratic governor’s order as “misguided and unrealistic.” Orange County Executive Steve Neuhaus said that he opposed “using Gestapo tactics and going business to business and asking them…
CDC: New York, New Jersey See Highest Spread of Omicron Variant in US
The Centers for Disease Control and Prevention (CDC) said that New Jersey and New York are now seeing the highest spread of the Omicron COVID-19 variant. “In some areas of the country, the estimates of Omicron are even higher including in New York and New Jersey, where CDC projects that Omicron could represent about 13…
Futures Rise as Fed Wages War on Inflation
December 16, 2021
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U.S. stock index futures climbed on Thursday after the Federal Reserve announced a faster wind-down of its pandemic-era stimulus, calming some nerves around surging price pressures. The U.S. central bank said on Wednesday it would end its bond purchases in March and signaled three quarter-percentage-point interest rate hikes by the end of 2022. Fed Chair…
World Shares Advance After Fed Steps Up Stimulus Pullback
December 16, 2021
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Stocks have climbed in Europe and Asia, tracking Wall Street’s gains, after the Federal Reserve said it would accelerate its pullback of economic stimulus. Shares surged in Paris, Frankfurt, London, and Tokyo. New York futures and oil prices also advanced. The Fed said it would likely raise interest rates three times next year to tackle…
Incoming New York Mayor to Appoint First Woman to Lead City’s Police Department
New York Mayor-elect Eric Adams will appoint a woman to serve as commissioner of the city’s police department for the first time in its 176-year history, local media reported on Tuesday. Adams, himself a former New York City police captain, will introduce Keechant Sewell at a news conference in Queens on Wednesday, New York’s Daily…
Facts Matter (Dec. 15): $548 Million Given to Informants by FBI and Other Agencies, Many Commit ‘Authorized’ Crime
According to a new bombshell report, the FBI as well as several other federal agencies spent about half a billion dollars on informants over the course of the last several years—with many of these informants committing authorized crimes. Meanwhile, in Pennsylvania, the state supreme court recently ruled in favor of parents and officially threw out…
NY Supreme Court Judge Issues Temporary Restraining Order for NYPD Detective Facing Vaccine Mandate
December 15, 2021
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A Supreme Court of the State of New York judge issued a temporary restraining order on Tuesday, pausing the vaccine mandate for the plaintiff, NYPD Detective Anthony Marciano, and “all others similarly situated.” The mandate was imposed by New York City Mayor Bill de Blasio on Oct. 20, replacing what was originally a requirement to get the vaccine or…
De Blasio Unveils Details on NYC Workplace Vaccine Mandate
December 15, 2021
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New York City Mayor Bill de Blasio released more details on his plan to mandate COVID-19 vaccines for workplaces, allowing for religious and medical exemptions. During a Wednesday news briefing, the Democrat mayor said private-sector workers in the city will have to receive at least one dose of COVID-19 vaccine starting Dec. 27 and have…
World Shares Mixed Ahead of Fed Policy Statement
December 15, 2021
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BANGKOK—World shares were mixed Wednesday as traders awaited the outcome of the last Federal Reserve meeting of this year. Benchmarks rose in Paris, Tokyo, and Frankfurt but fell in Hong Kong and Shanghai after the U.S. Labor Department reported wholesale prices jumped a record 9.6 percent in November from a year earlier. Fed policymakers end…
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