U.S. stock index futures were largely flat on Friday ahead of September jobs data that is likely to set off the Federal Reserve’s withdrawal of its policy support later this year. Wall Street rallied on Thursday, led by mega-cap technology stocks as the U.S. Senate approved legislation to temporarily raise the federal government’s $28.4 trillion…
Futures Hold Steady Ahead of September Jobs Data
October 8, 2021
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Stocks Slip but Heading for Weekly Gain Ahead of US Jobs Data
October 8, 2021
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LONDON—European shares slipped on Friday but held most of the previous session’s gains as investors welcomed the U.S. Senate’s temporary lifting of the debt ceiling and awaited crucial jobs data due later in the session. The rally on Thursday has lifted global stock indexes into positive territory for the week, despite widespread selling initially as…
Wall Street Ends With Solid Gains; Investors Hail US Debt-Ceiling Truce
October 8, 2021
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Wall Street ended sharply higher on Thursday in a broad-based rally led by Big Tech, as a truce in the debt-ceiling standoff in the U.S. Congress relieved concerns of a possible government debt default this month. Mega-cap stocks jumped with Apple Inc. up 0.9 percent and Amazon.com Inc. rising 1.2 percent, the biggest boosts to…
New Jersey Man Falls 9 Stories From High Rise Onto BMW, Survives
A New Jersey man survived a fall from a nine-story high rise in Jersey City after landing on a parked BMW on Wednesday morning, according to bystanders and officials. Witness Christina Smith, 21, told the New York Post that she heard the moment the man, 31, crashed through the roof of the vehicle parked below…
De Blasio Misused Security Detail for ‘Political Purposes’ and Personal Tasks: Probe
October 8, 2021
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New York City Mayor Bill de Blasio misused his security detail for “political purposes” during his presidential campaign and for personal tasks, including ferrying his son to and from college and helping his daughter move, according to an investigation by the city Department of Investigation (DOI). In a 47-page report (pdf) released on Thursday, the…
Futures Bounce on Easing Debt-Ceiling, Inflation Worries
October 7, 2021
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U.S. stock index futures bounced on Thursday after a temporary truce in the debt-ceiling standoff in Congress relieved concerns of a possible government debt default, while a dip in oil prices eased worries of higher inflation. Top U.S. Senate Republican Mitch McConnell on Wednesday floated a plan to support an extension of the federal debt…
Shares Climb Again as Energy Price Dip Eases Stagflation Fears
October 7, 2021
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LONDON—World stock markets got their foot back on the gas on Thursday as hopes grew that Washington could resolve its debt-ceiling squabbles and a global drop in energy prices tempered deepening fears of “stagflation”. Europe’s bourses rallied off 2–1/2-month lows as easing oil and gas prices offered relief after a shock 4 percent drop in…
Wall Street Ends Higher on Optimism About US Debt-Ceiling Deal
October 7, 2021
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Wall Street ended higher on Wednesday as investors grew more optimistic that congressional Democrats and Republicans could reach a deal to avert a government debt default. Top U.S. Senate Republican Mitch McConnell said his party would support an extension of the federal debt ceiling into December. This would head off a historic default that would…
Los Angeles Passes One of the Strictest US COVID-19 Vaccination Mandates
October 6, 2021
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The Los Angeles City Council on Wednesday approved one of the strictest COVID-19 vaccination mandates in the country, requiring proof of vaccination to enter indoor restaurants, movie theaters, salons, shopping centers, and many more indoor venues. People will now have to provide vaccination proof at gyms, sports arenas, museums, spas, indoor government facilities, malls, restaurants, and bars. For…
New York Governor Announces Expansion of COVID-19 Vaccine Passport System
October 6, 2021
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New York state is expanding its vaccination passport program to allow people who have been vaccinated in other states to prove they’ve been inoculated or have tested negative for COVID-19. Gov. Kathy Hochul, a Democrat, announced that New York state’s Excelsior Pass Scanner app—a smartphone program that allows businesses that have opted-in to verify a…
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