Tag: New York

Global Stocks Mixed After Fed Says Ready to Act on Inflation

November 25, 2021
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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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NYC Man on Bail Shoots 13-Year-Old Boy in Neck

November 24, 2021
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A 13-year-old boy took a bullet to the neck while on his way to school in New York City when a man who was on parole for previous gun violations fired at him. Khamani Garrett was on his way to school in the Bronx area of Wakefield when Hubert Wiggs walked up to him fired…

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Thomas Jefferson Statue Removed From New York City Hall

November 24, 2021
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New York City Hall on Monday removed a statue of Thomas Jefferson, former U.S. president, and founding father, from its grounds to the New York Historical Society. The statue, which stands seven feet and weighs 884 pounds, was sculpted in 1833 and has been in the council chambers since 1915. It was given to the city hall…

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Supreme Court Allows New Jersey to Quit Waterfront Commission

November 23, 2021
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The Supreme Court is leaving in place a lower court ruling that allows New Jersey to unilaterally withdraw from a powerful bistate commission that was created to monitor corruption at the storied Port of New York and New Jersey. The case is Waterfront Commission of New York Harbor v. Murphy, court file 20-772. The port’s reckoning with…

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Tech Weakness Keeps Wall Street Under Pressure

November 23, 2021
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Wall Street’s main indexes slipped on Tuesday, with the Nasdaq lagging the most as rising Treasury yields weighed on major technology stocks, while gains in banking and energy stocks helped limit broader market losses. The S&P 500 energy index jumped 2.7 percent as oil prices rose after a move by the United States and other…

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JPMorgan Named Most Important Bank to Health of Financial System

November 23, 2021
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LONDON—JPMorgan Chase has once again been named the world’s most important bank to the health of the wider financial system, according to the latest annual ranking of top lenders by global regulators. The Financial Stability Board (FSB), made up of regulators from G20 countries, published its latest table of the world’s 30 most systemic banks…

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‘Overwhelming Evidence’ Cuomo Sexually Harassed Women: Report

November 23, 2021
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An in-depth investigation of the sexual misconduct claims against former New York Gov. Andrew Cuomo found “overwhelming evidence” that the Democrat engaged in sexual harassment. The probe was carried out by the Davis Polk & Wardwell firm at the behest of the New York State Assembly Judiciary Committee, which was charged by Assembly Speaker Carl Heastie,…

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Futures Dip as Rising Yields Dent Tech Shares

November 23, 2021
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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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Asian Stocks Mixed After Late Slump on Wall Street

November 23, 2021
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Asian shares were mixed Tuesday after a late drop left major Wall Street indexes mostly lower. Tokyo was closed Tuesday for a holiday. Hong Kong and Seoul declined while Shanghai advanced. Market players appeared to be relieved to learn that President Joe Biden will nominate Jerome Powell for a second four-year term at the helm…

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Futures Rise as COVID-19-Sensitive Sectors Recover

November 22, 2021
Business & EconomyBusinesses in COVID-19CompaniesCOVID-19economic policiesEconomieseconomyEuropefuturesGold & CommoditiesinflationInternationalInvestmentLocal NewsMarket WatchMarketsMedia & Big TechNew YorkNY NewsRegional-Local NewsSectorsstockUSUS NewsWorld
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U.S. stock index futures rose on Monday as energy and bank stocks recovered slightly from last week’s losses, although anticipation of several economic readings this week kept gains in check. Nasdaq futures hit a record high as demand for technology stocks remained strong. Heavyweights, including most FAANG majors, rose in premarket trade. Tech had largely…

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