U.S. stock indexes rose on Friday, as Johnson & Johnson and big technology and communication stocks led gains at the end of a week scarred by deepening concerns over prolonged inflation. Johnson & Johnson rose 1.4 percent after saying it planned to break up into two companies focused on its consumer health business and the…
Wall Street Powers Higher on J&J, Big Tech Boost
European Shares Hit New Highs, Firm Dollar Dents Oil
LONDON—European shares chalked up new highs on Friday as shock from unexpectedly strong U.S. inflation data earlier in the week eased, though investors kept a wary eye on rising yields as the dollar hit a 16-month high. The STOXX index of 600 companies was up 0.09 percent, enough to eke out a new record high…
GE Investors Hope Split Remedies Years of Lackluster Performance
NEW YORK—With General Electric’s (GE.N) decision to break up into three separate companies, investors who have held the stock through a long, troubled period may be hoping the move will give the conglomerate’s underperforming shares a jolt. The 129-year-old industrial conglomerate announced on Tuesday it would split into three businesses focusing on aviation, energy and…
Nation’s Largest Veterans Day Parade Returns for 102nd Year in NYC
New York City on Thursday held its annual Veterans Day Parade for the 102nd year on Fifth Ave., marking the largest celebration in the nation honoring all men and women in military service. Last year, the parade was held without in-person spectators, involving 100 vehicles going down the avenue, to maintain the annual tradition amid the CCP…
Manhattan Offices Still Largely Empty: Poll
Only 28 percent of Manhattan office workers come to work in person on an average day, a survey has found. Only 8 percent come to the office five days a week. In-person attendance has increased over the past year, but much slower than companies anticipated. The numbers don’t bode well for the commercial real estate…
Elon Musk Sells $5 bln in Tesla Shares After Twitter Poll
Tesla Chief Executive Elon Musk sold about $5 billion in shares, the billionaire reported in filings on Wednesday (November 10), just days after he polled Twitter users about selling 10 percent of his stake. In his first share sale since 2016, Musk’s trust sold nearly 3.6 million shares in Tesla, worth around $4 billion, while…
Elon Musk Sells $5 Billion in Tesla Shares After Twitter Poll
Tesla Chief Executive Elon Musk sold about $5 billion in shares, the billionaire reported in filings on Wednesday (November 10), just days after he polled Twitter users about selling 10 percent of his stake. In his first share sale since 2016, Musk’s trust sold nearly 3.6 million shares in Tesla, worth around $4 billion, while…
Asian Shares Mixed After US Inflation Report
TOKYO—Asian shares were mixed Thursday after a worrisome report on U.S. inflation that slammed into the bond market and knocked stocks lower on Wall Street. In Japan, where investors are awaiting an economic stimulus package from newly elected Prime Minister Fumio Kishida, the benchmark Nikkei 225 climbed 0.5 percent to 29,255.02. Australia’s S&P/ASX 200 fell…
Transcripts From Gov. Cuomo’s Sexual Harassment Investigation Made Public
New York Attorney General Letitia James, a Democrat, released transcripts from the state’s investigation of former Gov. Andrew Cuomo’s sexual harassment allegations that led to his resignation. The transcripts come three months after the release of the investigation in August regarding multiple women who made sexual harassment claims against Cuomo. The investigation included some women who…
New York Launches College Scholarship Drawings as Vaccine Incentive for Children 5 to 11
New York Gov. Kathy Hochul announced a new COVID-19 vaccine incentive program for children aged 5 to 11, offering them an opportunity to get a college scholarship worth about $100,000. The incentive program, dubbed “Vaccinate. Educate. Graduate,” expands on former Gov. Andrew Cuomo’s “Get a Shot to Make Your Future” campaign for older children and…
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