Earnings season outlook
As the U.S. banking industry braces for its upcoming earnings season, investors are gearing up for a challenging outlook.
According to experts, a tough quarter is expected due to the fallout of the regional banking crisis an...
Stocks close higher
The US stock market closed out Friday's trading with gains in multiple sectors, including consumer goods, consumer services, and technology.
The Dow Jones, S&P 500, and NASDAQ Composite all ended the day with gains, up 1.26%...
Insights from the latest US economic report
The latest report from the Commerce Department provides insight into the state of the US economy, with data on inflation, personal income, and consumer spending.
Here's ...
Stock market on Friday
The US stock market ended Friday's trading with gains in the utilities, health care and consumer goods sectors.
At the close on the New York Stock Exchange, the Dow Jones was up 0.41 per cent, the S&P 500 was up 0.56 per ...
US stock market falls
Stocks ended the week with a decline as investors dealt with persistent banking issues in anticipation of the upcoming Federal Reserve meeting.
The Dow Jones, S&P 500, and NASDAQ Composite all finished the day down. This f...
Letter for the bank
Senator Elizabeth Warren has written a letter to the CEO of Signature Bank, Joseph DePaolo, demanding answers for what she claims to be the bank's "excessive risk-taking" and promotion of a "get-rich-quick narrative" during its e...
Weekend raises risk of regulatory scrutiny
Circle’s USD Coin, the world's second-largest stablecoin, took around 36 hours to fix its peg to the dollar after a liquidity crisis. While the token has been r...
US inflation
Mary Daly of the Federal Reserve Bank of San Francisco forecast that decision-makers will probably need to raise interest rates even higher and hold them there for a longer period of time.
Although though inflation ...
Stock market on Wednesday
US stock indices are down today as traders assess statistical data and corporate reports.
At 09:53 ET, the Dow Jones index was down 217 points or 0.6%, while the S&P 500 was down 0.6% and the Nasdaq Composite was down ...
The best January since 2001
At the end of January the Nasdaq Composite stock index, consisting of shares of high-tech companies, rose by 11%, which was the best dynamics for this period since 2001.
Analysts consider several...
Stocks before Fed decision
US stock indices moved higher in early trading on Wednesday as market participants await the results of the Federal Reserve's December meeting.
The Dow Jones Industrial Average index was up 199.86 points (0.59%) at 34,308...
US recession
The US may be able to avoid a recession despite an interest rate hike by the Federal Reserve. Agustin Carstens, general manager of Bank for International Settlements (BIS), expressed this view.
"The latest US labour market and business...
Greenwashing campaign
Major oil companies have engaged in a "long-term greenwashing campaign" while making "record profits at the expense of American consumers", as the Democrat-led House Oversight Committee found after a year-lo...
Savings due to inflation
Americans are planning to buy fewer gifts for the upcoming holidays, as well as reduce spending on charity due to inflation and economic problems in the country. The Wall Street Journal reported this on Sunday, citing opinio...
The holiday will be expensive
The Thanksgiving holiday table this year will cost Americans $10.74, or 20%, more than in 2021. That's according to a study released Wednesday on the National Farmers Union website.
The av...
IPO market
Goldman Sachs Group (NYSE: GS) CEO David Solomon expects the initial public offering market to recover in the coming months.
"I think we're going through a period of reassessment of value expectations right now," he told CNBC host James ...
Consumer prices in U.S.
US consumer prices rose 7.7% year-on-year in October, up from 8.2% a month earlier.
Consumer inflation reached 7.7% in October from a year earlier and 0.4% from September, the Lab...
Stock market on Wednesday
Major US stock exchanges are down on Wednesday amid the first results of the midterm elections for the US Congress. This is evidenced by data from the New York Stock Exchange.
The Dow Jones Industrial Average is down 276.8...
Chip centre
The Japanese government plans to allocate about $2.38 billion to establish a joint R&D centre with the US to develop next-generation 2-nanometer semiconductors. This was reported by the Nikkei newspaper.
The agreement on its establi...
Inflation in September
US consumer prices rose 8.2% year-on-year in September from 8.3% a month earlier, according to data released Thursday by the US Department of Labor. This was evi...
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