Tag: New York

S&P 500, Dow Scale New Peaks; Nasdaq Hit by Facebook

October 22, 2021
Business & EconomyCompaniesDowEconomieseconomyFacebookInvestmentLocal NewsMarketsMedia & Big TechNASDAQNew YorkNY NewsPeaksRegional-Local NewsUSUS News
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The Dow and the S&P 500 hit record highs on Friday following positive earnings from American Express, while the Nasdaq was pressured after social media giants including Facebook tumbled on Apple privacy tweak worries. The benchmark index hit an intraday record for the second straight session and was set for weekly gains of 1.8 percent,…

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Nasdaq Set for Lower Open After Intel’s Margin Warning

October 22, 2021
Business & EconomyCompaniesEconomieseconomyIntelInvestmentLocal NewslowerMarketsMedia & Big TechNASDAQNew YorkNY NewsRegional-Local NewsstocksUSUS NewsWARNING
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The Nasdaq was set for a lower open on Friday after chipmaker Intel warned of lower profit margins, while Snap Inc. led declines among social media firms after flagging a hit to digital advertising from privacy changes by Apple. Intel Corp. slid 9.5 percent in premarket trading as it missed third-quarter sales expectations, while its…

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Equities Eye Third Week of Gains After Tech Boost, Dollar Dips

October 22, 2021
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LONDON—Global shares got a tech boost to help tee up a third straight week of gains on Friday, despite growing inflation concerns, while the dollar dipped and oil prices bounced off their lows. MSCI’s broadest gauge of global shares was up 0.1 percent, 1.4 percent higher on the week and just 0.8 percent off its…

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Dow Expects Strong Sales as Higher Prices Power Beat

October 21, 2021
Business & EconomyCompaniesDowEconomieseconomyLocal NewsMarketsNew YorkNY NewspricesRegional-Local NewssaleUSUS News
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Dow Inc. on Thursday forecast better-than-expected revenue for the fourth quarter after beating estimates on higher prices across its business following a rebound in economic activity and tight supplies after Hurricane Ida. Demand for the company’s chemicals, used in everything from plastic and food packaging to textiles, electronics, and paints, has bounced back as industrial…

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Futures Lower After Tesla, IBM Quarterly Results

October 21, 2021
Business & EconomyCompaniesEconomieseconomyfuturesIBMInvestmentLocal NewslowerMarketsMedia & Big TechNew YorkNY NewsRegional-Local NewsresultsteslaUSUS News
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U.S. stock index futures edged lower on Thursday as IBM and Tesla fell after their quarterly results, with investors awaiting more reports to see the impact of supply chain disruption and labor shortages on companies. Tesla Inc. fell 1 percent in premarket trading as it said on Wednesday its upcoming factories and supply-chain headwinds would…

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Stocks Stall, Oil Cools, Evergrande and Lira Fall

October 21, 2021
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LONDON—World stocks slipped on Thursday as the upbeat mood that carried the Dow Jones and bitcoin to records a day earlier ran out of steam, while a pause in the oil rally stalled rising global bond yields. Turkey’s lira was backsliding towards record lows with the central bank expected to chop its interest rates again…

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NYC Vaccine Mandate Leads to Arrest in Starbucks

October 20, 2021
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MANHATTAN, New York—A group of about 20 people gathered at Union Square on Oct. 19 and went to a nearby Starbucks to protest against the vaccine mandate imposed by Mayor Bill de Blasio, which requires restaurants to demand COVID-19 vaccination proof for customers who are to dine indoors. The group was led by Matthew Grace, director…

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New York Asks Court to Overturn Order Blocking COVID-19 Vaccine Mandate for Health Care Workers

October 20, 2021
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New York’s attorney general this week asked a federal appeals court to overturn an order that’s blocking the state’s COVID-19 vaccine mandate for health care workers. U.S. District Judge David Hurd, a Clinton nominee, blocked the statewide mandate last week, ruling that the state officials named as defendants did not adequately explain why workers were…

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Blackstone Buys Majority Stake in Spanx, Valuing It at $1.2 Billion

October 20, 2021
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Investment firm Blackstone Inc. would buy a majority stake in Spanx, valuing the shapewear maker at $1.2 billion, the companies said on Wednesday. The deal will allow Spanx to further expand globally and help it strengthen its online business, they added. Spanx founder and Chief Executive Officer Sara Blakely would become the executive chairwoman of…

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Dollar Dips as Risk Sentiment Improves, Bitcoin Hits Record High

October 20, 2021
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NEW YORK—The dollar dipped on Wednesday as risk sentiment improved and as investors focused on rising commodity prices and when global central banks are likely to begin hiking interest rates to fend off persistently high inflation. The greenback hit a one-year high against a basket of other currencies last week as market participants ramped up…

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