Business

Wall Street rises as earnings whip up risk appetite

(Reuters) -U.S. stock indexes rose on Tuesday as upbeat results from Johnson & Johnson and Travelers fired up risk appetite, after big banks kicked off the third-quarter reporting period on a positive note last week.Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 18, 2021. REUTERS/Brendan […]

Business

Wall St set to open lower on slowing China growth, inflation worries

(Reuters) -Wall Street’s main indexes were set to open lower on Monday as economic growth in China slowed, while a relentless surge in oil prices fueled concerns about elevated inflation.FILE PHOTO: Traders work on the main trading floor of the New York Stock Exchange shortly after the opening bell of the trading session in the […]

Business

Wall Street banks set to profit again when Fed withdraws pandemic stimulus

NEW YORK (Reuters) – Wall Street banks have been among the biggest beneficiaries of the pandemic-era trading boom, fueled by the Federal Reserve’s massive injection of cash into financial markets.FILE PHOTO: A street sign for Wall Street is seen outside of the New York Stock Exchange (NYSE) in New York City, New York, U.S., June […]

Business

Regional bank loan growth could hint at healthier supply chains

NEW YORK (Reuters) – If regional banks show signs of accelerating loan growth when they report earnings in the week ahead, it could signal an easing of the supply chain bottlenecks that have weighed down the U.S. economic recovery from the pandemic, analysts and investors said.FILE PHOTO: A street sign for Wall Street is seen […]

Business

Yellen says Congress will raise the debt ceiling in Dec. 3

FILE PHOTO: U.S. Treasury Secretary Janet Yellen answers questions during the Senate Appropriations Subcommittee hearing on Capitol Hill in Washington, D.C., U.S., June 23, 2021. Greg Nash/Pool via REUTERS/File PhotoWASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said that once Congress and the White House agree on spending plans, it will be lawmakers’ responsibility to […]

Business

Analysis-Fed prepared to handle September jobs report with kid gloves

(Reuters) – U.S. hiring probably accelerated last month, a range of high-frequency indicators suggests, as the effects of the latest COVID-19 surge began to subside, but even a second straight weak employment report would be unlikely to derail the Federal Reserve’s plans to begin reducing its support for the economy.FILE PHOTO: Federal Reserve Chair Jerome […]

Business

Futures slide on inflation worries; ADP jobs beat sparks taper fears

(Reuters) -U.S. stock index futures fell 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 sooner-than-expected easing of monetary stimulus.FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, […]

Business

Wall Street opens higher on bargain hunting, Merck boost

FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013. REUTERS/Carlo Allegri(Reuters) – Wall Street’s main indexes opened higher on Friday as steep losses in September saw investors buying into cheaper sectors, while drugmaker Merck rose on marking progress in the development of an oral […]

Business

Fed's Daly says equity is path to faster U.S. growth

FILE PHOTO: San Francisco Federal Reserve Bank President Mary Daly poses at the bank’s headquarters in San Francisco, California, U.S., July 16, 2019. REUTERS/Ann Saphir(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Wednesday intensified her call for a concerted effort to address racial and other inequalities as a way to boost the […]

Business

Wall Street set to rebound on boost from tech stocks

(Reuters) -A rebound in beaten-down technology shares set U.S. stock indexes on course to open higher on Wednesday after concerns about inflation and rising Treasury yields sparked one of Wall Street’s worst selloffs this year.FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013. REUTERS/Carlo […]