Tag: New York

World Stocks Off to a Cautious Start; Euro Struggles

November 22, 2021
Asia & PacificBusiness & EconomyBusinesses in COVID-19CCP VirusCompanieseconomic policiesEconomieseconomyeuroEuropeGold & CommoditiesInternationalInvestmentLocal NewslockdownMarket WatchMarketsNew YorkNY NewsRegional-Local NewsstocksUSUS NewsWorld
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LONDON—World stocks kicked off the week on a cautious note on Monday after posting a second consecutive weekly drop, and the euro struggled as traders weighed the risks of European lockdown restrictions and prospects of a faster Federal Reserve taper. Though Wall Street futures held comfortably in positive territory in early London trading, major European…

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JPMorgan to Pay $60 Million to Settle Precious Metals Spoofing Lawsuit

November 20, 2021
Business & EconomyCompaniesJPMorganlawsuitLocal NewsmetalsNew YorkNY NewsRegional-Local NewsspoofingUSUS News
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NEW YORK—JPMorgan Chase & Co. agreed to pay $60 million to settle class-action litigation by investors who accused the largest U.S. bank of intentionally manipulating prices of precious metals futures and options. The settlement disclosed on Friday stemmed from sprawling U.S. government investigations into a form of illegal trading in precious metals and U.S. Treasury…

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Nasdaq Ends Atop 16,000 Mark for the First Time on Tech Strength

November 20, 2021
Business & EconomyBusinesses in COVID-19CompaniesEconomieseconomyGold & CommoditiesInvestmentLocal NewsMarket WatchMarketsMedia & Big TechNASDAQNew YorkNY NewsRegional-Local NewsstocksTechUSUS NewsUSA
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The Nasdaq Composite Index closed above 16,000 points for the first time on Friday, in its second-straight record finish powered by technology stocks, while pandemic jitters sent the Dow to its fourth losing session in the last five. Both the Nasdaq and S&P 500 index scored a winning week, up 1.2 percent and 0.3 percent…

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Global Companies Set to Deliver Record Dividends This Year

November 19, 2021
Asia & PacificBusiness & EconomyBusinesses in COVID-19CompaniesdividendsEconomieseconomyEuropeglobalInternationalInvestmentLocal NewsMarketsNew YorkRegional-Local NewsUKUSUS NewsWorld
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Global corporate dividends are set to reach a record high this year, as a rebound in business activity and a rise in consumer demand boosted profits for most sectors which were hit by the pandemic last year. According to a Reuters analysis of Refinitiv data for 3,394 global companies with market capitalization of at least…

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Equity Funds 2021 Inflows Hit $1 Trillion: BofA

November 19, 2021
BofABusiness & EconomyBusinesses in COVID-19CompaniesEconomieseconomyequityinflationInflowsInvestmentLocal NewsMarketsNew YorkNY NewsRegional-Local NewsUSUS News
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LONDON—Investors ploughed $13.2 billion into equity funds in the week to Wednesday, though fixed income inflows slowed and precious metals funds lost money as markets grappled with the prospect of rising yields and inflation, BofA said on Friday. Flows to stocks funds over the past week had helped lift total inflows into equities to $1.0…

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Nasdaq Futures at Record High as Economic Concerns Drive Tech Demand

November 19, 2021
Business & EconomyBusinesses in COVID-19Companiesconcernscongressdemandeconomiceconomic policiesEconomieseconomyEuropefuturesGold & CommoditiesinflationInternationalInvestmentLocal NewsMarket WatchMarketsMedia & Big TechNASDAQNew YorkNY NewsPoliticsRegional-Local NewsTechUSUS NewsWorld
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Nasdaq index futures hit a record high on Friday as investors sought economically stable sectors after a small delay in voting on President Joe Biden’s $1.75 trillion spending bill, while rising COVID-19 cases in Europe also dented sentiment. S&P and Dow futures fell tracking losses in banks, airlines, and other economically sensitive sectors. Uncertainty over…

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Oil Drops Below $80 on European COVID-19 Concerns

November 19, 2021
Asia & PacificBusiness & EconomyBusinesses in COVID-19CCP VirusChinaChina Business & EconomyCompaniesCOVID-19economic policiesEconomieseconomyEuropeEuropeanExecutive BranchglobalGold & CommoditiesInternationalLocal NewsMarket WatchMarketsMiddle EastNew YorkOilPoliticsRegional-Local NewsTexasUSUS NewsWorld
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LONDON—Oil prices dropped below $79 a barrel on Friday as a fresh surge in COVID-19 cases in Europe threatened to slow the economic recovery while investors also weighed a potential release of crude reserves by major economies to cool energy prices. Brent crude was down $2.44, or 3 percent, at $78.80 a barrel by 1110…

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World Stocks Struggle Near Record Highs; Europe in Focus

November 19, 2021
Asia & PacificBusiness & EconomyBusinesses in COVID-19CCP VirusChinaChina Business & EconomyCompanieseconomic policiesEconomieseconomyEuropeGold & CommoditiesHK BusinessHong KonginflationInternationalInvestmentLocal NewsMarket WatchMarketsNew YorkNY NewsRECORDRegional-Local NewsstocksTexasUKUSUS NewsWorld
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LONDON—Concerns over slowing China growth and a spike in COVID-19 cases in Europe stymied the global equity markets rally on Friday with stocks struggling to cling to recent record highs and the euro looking on track for a second straight week of losses. While U.S. stocks closed at a record high on Thursday, aided by…

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NY Fed’s Williams Says Inflation Increases Becoming Broader Based

November 19, 2021
Business & EconomyBusinesses in COVID-19economic policiesEconomieseconomyFedinflationJohn WilliamsLocal NewsNew YorkNY NewsRegional-Local NewsUSUS News
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Inflation in the United States is becoming more broad based and expectations for future price increases are rising, a trend policymakers will be watching closely, New York Federal Reserve Bank President John Williams said on Thursday. While some of the price increases seen today are related to the pandemic and imbalances between supply and demand,…

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Global Shares Mixed After US Stocks Fall Back

November 18, 2021
Asia & PacificAustraliaBusiness & EconomyBusinesses in COVID-19ChinaChina Business & EconomyCompanieseconomic policiesEconomieseconomyEuropeglobalGold & CommoditiesHK BusinessHong KonginflationInternationalInvestmentLocal NewsMarket WatchMarketsNew YorkNY NewsRegional-Local NewsSharesstocksUKUSUS NewsUSAWorld
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TOKYO—Global shares were mixed Thursday after stock indexes shuffled lower on Wall Street. France’s CAC 40 edged up nearly 0.2 percent in early trading to 7,167.47. Germany’s DAX gained 0.2 percent to 16,275.17. Britain’s FTSE 100 fell 0.2 percent to 7,277.41. The future for the Dow industrials was trading 0.2 percent higher, while the future…

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