Tag: New York

Futures Edge Higher as Big Tech Earnings Take Centre Stage

October 25, 2021
bigBusiness & EconomyCompaniesearningsEconomieseconomyFacebookfuturesInvestmentLocal NewsMarketsMedia & Big TechNew YorkNY NewsRegional-Local NewsSocial MediaTechteslaUSUS News
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U.S. stock index futures edged higher on Monday as investors geared up for earnings reports from heavyweight technology companies this week, while PayPal jumped after it said it was not interested in buying Pinterest. Tesla Inc. rose 2.6 percent in premarket trading after the electric-car maker raised prices of its Model X, Model S variants…

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Stocks Brace for Blockbuster Earnings Week, Pause After 8 Days of Gains

October 25, 2021
Asia & PacificAustraliaBusiness & EconomyCanadaChinaChina Business & EconomyCompaniesearningsEconomieseconomyEuropegainsInternationalInvestmentLocal NewsMarketsMedia & Big TechMiddle EastNew YorkRegional-Local NewsstocksUKUSUS NewsWorld
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LONDON—World stocks held their ground on Monday after eight consecutive sessions of gains, as traders weighed the prospects of strong corporate earnings in the backdrop of widening inflation risks from multi-year high crude oil prices. European stocks edged higher in early London trading while U.S. stock futures held firm as investors shrugged off the possible…

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US Stock Options Traders See Smooth Sailing as Fed Taper Looms

October 23, 2021
Business & EconomyCompaniesEconomieseconomyFedInvestmentLocal NewsMarketsNew YorkNY NewsRegional-Local NewsstocktapertradersUSUS News
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NEW YORK—Options traders are showing little fear that U.S stocks will turn volatile in coming weeks, even as the Federal Reserve appears set to announce an unwind of the easy money policies that helped equities double from last year’s lows. The Cboe Volatility Index, known as Wall Street’s fear gauge, recently stood at 15.52 after…

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Nasdaq, S&P 500 End Lower, Dragged Down by Communications Services

October 23, 2021
Business & EconomycommunicationsCompaniesEconomieseconomyIntelInvestmentLocal NewsMarketsMedia & Big TechNASDAQNew YorkNY NewsRegional-Local NewsS&PservicesSNAPUSUS News
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The S&P 500 and Nasdaq closed lower on Friday as disappointing quarterly reports from Snap Inc. and Intel Corp. put pressure on the communications and technology sectors and investors turned skittish as Federal Reserve Chair Jerome Powell discussed stimulus tapering. The Dow managed to end the day with a record closing high for the first…

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Dow Posts Record Closing High, Stocks Gain for 3rd Week; Dollar Dips

October 23, 2021
Asia & PacificBusiness & EconomyCompaniesDollarDowEconomieseconomyEuropeGainHighInternationalInvestmentLocal NewsMarketsMedia & Big TechNew YorkNY NewsRegional-Local NewsstocksTexasUSUS NewsWorld
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NEW YORK—The Dow Jones industrial average registered a record closing high on Friday and major equity indexes posted a third straight week of gains while the U.S. dollar slipped. On the day, MSCI’s broadest gauge of global shares was flat, and the S&P 500 and Nasdaq ended lower. Stocks came under pressure after Federal Reserve…

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The War on Jefferson—Is Franklin Next?

October 22, 2021
New YorkOpinionThomas JeffersonViewpoints
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Commentary The final decision, after years of debate, was made Oct. 8 to remove from the New York City Council chambers the statue of the man we all know to have been a dreaded slaveholder—to the tune of 600 over his lifetime—Thomas Jefferson. Despite that, writing at Bari Weiss’ substack, political science professor Samuel Goldman,…

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NYC Police Unions Say They Will Take Legal Action to Oppose Vaccine Mandate for City Workers

October 22, 2021
AMERICACCP Viruscovid vaccine mandateLocal NewsNew YorkNew York Mayor Bill de BlasioNY NewsPatrick LynchPolice Benevolent AssociationRegional-Local NewsUS
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After Mayor Bill de Blasio’s announcement of a vaccine mandate for city workers, police union heads say they will take legal actions to oppose the mandate and protect the rights of their employees. On Wednesday, de Blasio said any city worker who is not vaccinated with at least the first dose of the vaccine by…

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Wall Street Profits Soar Despite Accelerated Job Losses During Pandemic

October 22, 2021
Business & EconomyEconomiesjob lossesLocal NewsMarketsNew YorkNew York CityNY NewsRegional-Local Newssecurities industryUSUS NewsWall Street
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While Wall Street profits hit near-record highs in the first half of 2021, New York City’s securities companies continue losing jobs at an accelerated pace according to a report released on Thursday. Wall Street profits surged in the first half of 2021 to $31 billion in pre-tax earnings beating an already outsized first half of…

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Empty NYC Offices Somewhat Filling Up

October 22, 2021
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Manhattan offices emptied through the COVID-19 pandemic are coming back to life though they still have ways to go before getting to their pre-pandemic bustle. More than 2.4 million square feet of Manhattan office space was leased in August, the most since January 2020. Asking rent price, at nearly $73 per square foot was about…

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Snap Tumbles, Drags Social Media Giants on Apple Privacy Tweak Worries

October 22, 2021
appleBusiness & EconomyCompanieseconomyLocal NewsMarketsmediaMedia & Big TechNew YorkNY NewsprivacyRegional-Local NewsSNAPSocialSocial MediaSouthern CaliforniaTechTech NewsUSUS News
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Shares of Snap Inc. plunged on Friday, dragging down other ad-dependent tech firms, after the photo messaging app owner warned of a prolonged hit from Apple Inc.’s privacy changes on iOS devices. Snap shares were down nearly 20 percent at $60.8 before the bell, on track to open at a near three-month low. Shares of…

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