Business

Wall Street closes higher on U.S. fiscal stimulus bets

NEW YORK (Reuters) – Shares on Wall Street ended higher on Thursday in choppy trading, as investors cheered the prospect of more fiscal stimulus to support a pandemic-damaged U.S. economy, with more data pointing to a slowing labor market recovery.FILE PHOTO: The front facade of the New York Stock Exchange (NYSE) is seen in New […]

Business

Wall Street rises as hopes rise for U.S. fiscal stimulus

NEW YORK (Reuters) – Shares on Wall Street gained on Thursday in choppy trading, as investors cheered the prospect of more fiscal stimulus to support a pandemic-damaged U.S. economy, with more data pointing to a slowing labor market recovery.FILE PHOTO: The front facade of the New York Stock Exchange (NYSE) is seen in New York […]

Business

Tech stocks extend Wall Street rally on stimulus hopes

(Reuters) – Wall Street’s main indexes rose for a fourth straight session on Monday, helped by a tech boost and on optimism that Washington would reach a deal over more fiscal support, with investors also gearing up for the third-quarter corporate earnings season.FILE PHOTO: A Wall Street sign is pictured outside the New York Stock […]

Business

Stimulus hopes lift Wall Street as severity of Trump's illness unclear

(Reuters) – Wall Street jumped on Monday as hopes of more fiscal stimulus helped the three main indexes recover from a sharp fall in the previous session, while investors awaited updates on the severity of President Donald Trump’s COVID-19 symptoms.U.S. President Donald Trump participates in a phone call with Vice President Mike Pence, Secretary of […]

World News

Kuwait's new emir is Crown Prince Sheikh Nawaf, says cabinet

FILE PHOTO: Kuwait’s Crown Prince Sheikh Nawaf al-Ahmad al-Sabah waves as he arrives for the opening session of Parliament in Kuwait City December 16, 2012. REUTERS/Stephanie Mcgehee KUWAIT (Reuters) – Kuwait’s Crown Prince Sheikh Nawaf al-Ahmad al-Sabah was named emir by the country’s cabinet to succeed his brother Sheikh Sabah al-Ahmad al-Sabah who died on […]

Business

Wall Street jumps, financials take the lead

(Reuters) – Wall Street surged on Monday in a broad rally as investors sought bargains among sectors hardest-hit by the coronavirus recession, now limping toward its ninth month.FILE PHOTO: A nearly empty trading floor is seen as preparations are made for the return to trading at the New York Stock Exchange (NYSE) in New York, […]

Business

Wall Street ends higher as tech rally squashes virus fears, but S&P down for week

(Reuters) – Technology stocks again rode to Wall Street’s rescue on Friday, lifting the main indexes more than 1%, but the Dow and the S&P 500 still posted their longest weekly losing streaks in a year as fears of a slowing economy sparked an almost month-long rout. Investors started buying beaten-down shares after the Nasdaq […]

Business

Wall Street closes higher as tech rally squashes virus fears

(Reuters) – Technology stocks again rode to Wall Street’s rescue on Friday, lifting the main indexes more than 1%, but the Dow and the S&P 500 still posted their longest weekly losing streaks in a year as fears of a slowing economy sparked an almost month-long rout.FILE PHOTO: Traders wearing masks work, on the first […]

World News

Trump says another country could join Israel-UAE accord

WASHINGTON (Reuters) – U.S. President Donald Trump said on Thursday it was possible another country could soon join a diplomatic accord between Israel and the United Arab Emirates. Trump is to host a signing ceremony next Tuesday that will include delegations with Israel and the UAE. His negotiators have been trying to get other Gulf […]

Business

Nasdaq rebounds as tech stocks stabilize after rout

(Reuters) – U.S. stocks bounced on Wednesday with the Nasdaq gaining 1.5%, as a rout in technology shares halted and investors shrugged off news that AstraZeneca had paused global trials of its experimental coronavirus vaccine. Tesla Inc’s shares jumped 8.8% after shedding about a fifth of their value in the previous session, following its surprise […]