Tag: New York

US Consumers’ Inflation Expectations Remain Elevated, NY Fed Survey Finds

October 16, 2021
Business & EconomyconsumerEconomieseconomyexpectationsinflationLocal NewsNew YorkNY NewsRegional-Local NewsSurveyUSUS News
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U.S. consumers increased their short-term and medium-term inflation expectations again in September, but they lowered their views on how much home prices, fuel costs, and other expenses will rise over the next year, according to a survey released on Tuesday by the New York Federal Reserve. Median expectations for what inflation will be over the…

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Wall Street Ends Up With Goldman; Dow Posts Biggest Weekly Rise Since June

October 16, 2021
Business & EconomyCompaniesDowEconomieseconomyGoldmanInvestmentJuneLocal NewsMarket WatchMarketsNew YorkNY NewsRegional-Local NewsriseUSUS NewsWall Street
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NEW YORK—U.S. stocks rose on Friday and the Dow scored its biggest weekly percentage gain since June, as Goldman Sachs rounded out a week of strong quarterly earnings for the big banks. Goldman Sachs Group shares jumped 3.8 percent and gave the Dow its biggest boost, as a record wave of dealmaking activity drove a…

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NY Fed’s Logan Says Banks May Have Access to Standing Repo Facility by Early 2022

October 15, 2021
banksBusiness & EconomyCompaniesEconomieseconomyFedLocal NewsLorie LoganNew YorkNY NewsRegional-Local NewsRepoStandingUSUS News
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The domestic standing repo facility established by the Federal Reserve this year could be open to banks by early next year, a top New York Federal Reserve official said on Thursday. The U.S. central bank began accepting applications from banks earlier this month for the program, which allows financial firms to borrow cash on an…

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Wall Street Opens Higher on Goldman Earnings, Retail Sales Data

October 15, 2021
Business & EconomyCompaniesearningsEconomieseconomyGoldmanInvestmentLocal NewsMarket WatchMarketsNew YorkNY NewsRegional-Local NewsRetailsalesUSUS NewsWall Street
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Wall Street’s main indexes opened higher on Friday after Goldman Sachs rounded out a strong earnings season for big banks, while a surprise rise in retail sales strengthened views about economic recovery. The Dow Jones Industrial Average rose 111.07 points, or 0.32 percent, at the open to 35,023.63. The S&P 500 opened higher by 9.43…

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Wall Street Tracks Weekly Gains on Strong Banks Earnings, Retail Sales Data

October 15, 2021
banksBusiness & EconomyCompaniesearningsEconomieseconomyGoldmanInvestmentLocal NewsMarket WatchMarketsNew YorkNY NewsRegional-Local NewsRetailsalesUSUS NewsWall Street
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U.S. stocks climbed on Friday and the main indexes were set for weekly gains after Goldman Sachs capped a strong earnings season for big banks, while a surprise rise in retail sales raised optimism about economic recovery. Goldman Sachs gained 2.7 percent as a record wave of dealmaking activity drove a surge in the bank’s…

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Dollar Looks Set to End Week Down, Yen Nears a 3-Year Low

October 15, 2021
Asia & PacificAustraliaBusiness & EconomyCompaniesDollardownEconomieseconomyEuropeInternationalInvestmentLocal NewsMarket WatchMarketsNew YorkRegional-Local NewsUKUSUS NewsWorldyen
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LONDON—The dollar headed for its first weekly decline versus major peers since the start of last month on Friday as global risk appetite rebounded, while the Japanese yen headed for a three-year low and the price of bitcoin hit nearly $60,000. The dollar index slipped 0.1 percent to 93.9 and was down 0.2 percent for…

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Investors Park Inflation Fears to Renew Bets on Stocks

October 15, 2021
Asia & PacificBusiness & EconomyChinaChina Business & EconomyCompaniesEconomieseconomyEuropeinflationInternationalInvestmentinvestorsLocal NewsMarket WatchMarketsNew YorkNY NewsRegional-Local NewsstocksTexasUKUSUS NewsWorld
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LONDON—Shares rose on Friday, buoyed by stellar corporate earnings results, but strong oil prices and stalling car sales in Europe were a reminder of headwinds for the world economy. The STOXX index of 600 European shares was up 0.2 percent at three-week highs. Britain’s FTSE 100 also gained 0.2 percent, the UK blue-chip index having…

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Wall Street Rallies 1 Percent on Upbeat Earnings, Tech Strength

October 14, 2021
Business & EconomyCompaniesearningsEconomieseconomyInvestmentLocal NewsMarket WatchMarketsMedia & Big TechNew YorkNY NewsRegional-Local NewsstrengthTechUSUS NewsWall Street
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Wall Street’s main indexes rallied on Thursday as a surge in technology stocks and strong quarterly results helped investors to look away from inflation concerns. The biggest boost came from growth names including Facebook Inc., Microsoft Corp., Amazon.com Inc., Tesla Inc., Apple Inc., and Google-parent Alphabet, which rose more than 1 percent. Bank of America…

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Inflation Angst Lifts Stocks but Reins Back Dollar

October 14, 2021
Asia & PacificAustraliaBusiness & EconomyChinaChina Business & EconomyCompaniesDollarEconomieseconomyEuropeinflationInternationalInvestmentLocal NewsMarket WatchMarketsMiddle EastNew YorkRegional-Local NewsstocksTexasUKUSUS NewsWorld
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LONDON—World markets stayed focused on rising inflation on Thursday as tech stocks rebooted global equities, oil and gas prices fired up again but the dollar and benchmark government bond yields both stalled. Record high Chinese factory gate inflation data overnight following stronger-than-expected U.S. CPI figures on Wednesday meant the price pressure theme was very much…

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S&P 500, Nasdaq Rise With Growth Stocks; JPMorgan a Drag

October 14, 2021
Business & EconomyCompaniesEconomieseconomygrowthInvestmentJPMorganLocal NewsMarket WatchMarketsMedia & Big TechNASDAQNew YorkNY NewsRegional-Local NewsrisestocksUSUS News
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NEW YORK—The S&P 500 and Nasdaq ended higher on Wednesday, led by gains in shares of big growth names like Amazon.com and Microsoft, but JPMorgan shares fell along with other bank shares and weighed on the market. The S&P 500 briefly added to gains following the release of minutes from the September Federal Reserve policy…

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