Tag: New York

Wall Street Slides on Inflation Worries; ADP Jobs Beat Sparks Taper Fears

October 6, 2021
ADPBusiness & EconomyCompaniesEconomieseconomyinflationInvestmentjobsLocal NewsMarketsNew YorkNY NewsRegional-Local NewstaperUSUS NewsWall Street
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Wall Street’s main indexes opened lower on Wednesday after soaring oil prices fed into fears of higher inflation, while a survey showing a strong rise in private jobs last month fueled concerns of a sooner-than-expected easing of monetary stimulus. The Dow Jones Industrial Average fell 115.71 points, or 0.34 percent, at the open to 34,198.96….

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Wall Street Falls as ADP Jobs Beat Sparks Taper Fears

October 6, 2021
ADPBusiness & EconomyCompaniesEconomieseconomyinflationInvestmentjobsLocal NewsMarketsNew YorkNY NewsRegional-Local NewstaperUSUS NewsWall Street
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U.S. stock indexes fell on Wednesday after a strong showing of private jobs in September fueled concerns of a sooner-than-expected easing of monetary stimulus in the face of growing worries of higher inflation. The ADP National Employment Report showed private payrolls increased by 568,000 jobs last month. Economists polled by Reuters had forecast a rise…

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NYC Unvaccinated Teachers Blame Union for Losing Their Jobs

October 6, 2021
AMERICACCP ViruseducationLocal NewsNew YorkNY NewsRegional-Local NewsUnited Federation of TeachersUSUS Newsvaccine mandateVaccines & Safety
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BROOKLYN, New York—Teachers who were put on unpaid leave for non-compliance with a recent CCP (Chinese Communist Party) virus vaccine mandate say New York City’s largest teachers’ union should have fought harder against the city’s vaccination requirement for school staff. Several hundred teachers and other school staff and supporters chanted, “We will not comply,” and…

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Unvaccinated Teachers in NYC Blame Union for Losing Their Jobs

October 6, 2021
AMERICACCP ViruseducationLocal NewsNew YorkNY NewsRegional-Local NewsUnited Federation of TeachersUSUS Newsvaccine mandateVaccines & Safety
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BROOKLYN, N.Y.—Teachers who were put on unpaid leave for non-compliance with a recent CCP (Chinese Communist Party) virus vaccine mandate say New York City’s largest teachers’ union should have fought harder against the city’s vaccination requirement for school staff. Several hundred teachers and other school staff and supporters chanted, “We will not comply,” and other…

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Stocks Slip, Bond Yields Bounce as Oil Fuels Inflation Angst

October 6, 2021
Asia & PacificAustraliabondBusiness & EconomyChinaChina Business & EconomyCompaniesEconomieseconomyEuropeinflationInternationalInvestmentLocal NewsMarketsMedia & Big TechMiddle EastNew YorkNY NewsOilRegional-Local NewsstocksTexasUSUS NewsWorldyields
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HONG KONG―From Europe to Asia, shares fell and government bond yields rose on Wednesday as oil prices hit their highest in seven years, fuelling concerns about rising inflation. The Euro STOXX 600 fell 1.8 percent, denting gains made in its best day in 11 weeks on Tuesday, with tech stocks down more than 2 percent…

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Head of NYPD Sergeant Union Resigns After FBI Raids Office, Home

October 6, 2021
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Ed Mullins, the head of the NYPD’s Sergeants Benevolent Association, has resigned from his role just hours after FBI agents raided his home and the group’s Manhattan headquarters. Dozens of federal agents were seen carrying boxes out of the union’s Manhattan headquarters and loading them into a van on Tuesday morning as part of a “law enforcement…

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Futures Up as Big Tech Bounces From Selloff; Cyclicals Rise

October 5, 2021
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U.S. stocks were set to rise at the open on Tuesday as technology shares recovered from a sharp selloff, while economy-sensitive cyclical stocks were in favor ahead of closely watched monthly payrolls data later in the week. High-growth stocks including Apple Inc., Amazon.com Inc., Microsoft Corp., and Alphabet Inc. rose between 0.2 percent and 0.6…

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Cryptocurrencies Post Inflows for 7 Straight Weeks, Led by Bitcoin: CoinShares Data

October 5, 2021
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NEW YORK—Cryptocurrency investment products and funds recorded inflows for a seventh straight week, as institutional investors warmed to more supportive statements from regulators, data from digital asset manager CoinShares showed on Monday. Inflows to the sector were $90.2 million last week, led by bitcoin which snagged $69 million, according to CoinShares data as of Oct….

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Large New York Health Care System Fires 1,400 Unvaccinated Workers

October 5, 2021
AMERICABusiness & EconomyCCP VirusCompaniesLocal NewsNew YorkNorthwell HealthNY NewsRegional-Local NewsUSUS NewsVaccines & Safety
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A large New York health care system on Monday said it fired 1,400 workers because they declined to get a COVID-19 vaccine. Northwell Health terminated approximately 2 percent of its workforce, which spans across New York City, Westchester, and Long Island. The workforce across the 23-hospital system is now 100 percent vaccinated, the system told…

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Investors Eye Big Tech as Stock Market Wobbles

October 5, 2021
Business & EconomyCompaniesEconomieseconomyInvestmentinvestorsLocal NewsmarketMarketsMedia & Big TechNew YorkNY NewsRegional-Local NewsstockTechUSUS News
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NEW YORK—Technology stocks are bearing the brunt of a recent market selloff, putting a spotlight on how an extended downturn in the sector could weigh on broader equity indexes. After Monday’s sharp drop, the S&P 500 technology sector is down 6.7 percent since the overall S&P 500 closed at a record on Sept. 2, compared…

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