HONG KONG (AP) — Asian stocks were mostly higher on Wednesday after a rally on Wall Street that took the Nasdaq composite index to a record high. A report Tuesday showed that prices remain stubbornly high at the wholesale level in the United States, before many price changes are passed along to consumers, with the […]
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Tuesday that the central bank is unlikely to raise its key interest rate in response to signs of stubborn inflation and underscored his view that price increases would soon start to cool again. Yet Powell, during a panel discussion in Amsterdam, said his confidence that inflation […]
Major indexes looked past hot inflation data and Fed Chair Jerome Powell’s comments in early trades Tuesday. The Dow Jones Industrial Average rose 0.2% while the S&P 500 and the Nasdaq inched up 0.1% each in the stock market today. GameStop (GME) and AMC Entertainment (AMC) continued to rally amid a revived meme-stock frenzy.
By Andrea Shalal and David Lawder WASHINGTON (Reuters) -U.S. Trade Representative Katherine Tai on Tuesday recommended higher tariffs on a range of Chinese goods and called for expanded enforcement to address China’s continued technology transfer actions that harmed U.S. workers and manufacturers. Tai’s office released a long-awaited four-year review of tariffs imposed by former President […]
Shares of the struggling vaccine developer Novavax (NASDAQ: NVAX) bounded 98.7% higher on Friday, May 10. The market was responding to terrific news from Sanofi (NASDAQ: SNY), a global pharmaceutical giant that wants to market Novavax’s COVID-19 and influenza vaccines. The recent Novavax stock rally continued after the weekend and investors are right to wonder […]
Intel (NASDAQ: INTC), which hopes to regain its once-powerful position on the chip market, has made an important hire for a critical manufacturing unit. It chose a veteran in that industry, and investors rewarded the company by pushing its stock more than 2% higher on Monday. That performance looked good when compared to the flat […]
The Louisiana Senate gave final legislative approval to a bill that would provide more lucrative retirement savings options to thousands of state college and university employees. (Allison Allsop/Louisiana Illuminator) The Louisiana Senate gave final legislative approval to a bill that would provide more lucrative retirement savings options to thousands of state college and university employees. House […]
(Bloomberg) — Retail traders flocking to AMC Entertainment Holdings Inc. in hopes of burning short sellers may also be helping the company shore up its finances. Most Read from Bloomberg That’s because the beleaguered movie theater chain, which surged 78% on Monday amid the meme-stock frenzy, has a fundraising deal known as an at-the-market offering […]
US Consumers Brace For Higher Inflation, Home Price Surge: New York Fed Survey The latest Survey of Consumer Expectations (SCE) from the Federal Reserve Bank of New York shows American consumers are bracing for increased inflation and the fastest home price growth in nearly two years, alongside an evolving outlook on the labor market and […]
The trading week for electric vehicle (EV) stocks started off explosively as shares of Rivian Automotive (NASDAQ: RIVN), Lucid Motors (NASDAQ: LCID), and ChargePoint Holdings (NYSE: CHPT) all moved higher Monday. Thanks for this go to the Biden administration, which is preparing to quadruple tariffs on Chinese electric cars imported into the U.S. As of […]
US stocks opened higher on Monday, ready to build on a string of gains as attention turned to the coming inflation report seen as a potential starting gun for interest rate cuts. The S&P 500 (^GSPC) rose roughly 0.2%, while the tech-heavy Nasdaq Composite (^IXIC) moved up about 0.3%. The Dow Jones Industrial Average (^DJI) […]
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Alphabet slips as OpenAI to launch search competitor * Arm Holdings up on report of AI chips plan * Futures up: S&P 500 0.19%, Nasdaq 100 0.3%, Dow 0.09% (Updated at 07:21 a.m. ET/ […]