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News of New York

Stocks rise as investors ignore signals of Fed cutbacks
23 September 2021
3768
US stock indices continued to rise on Thursday As investors embraced the Federal Reserve's plans to cut asset purchases and raise interest rates. The Dow Jones Industrial Average index rose 230 points, or 0.67%, while the&nb...
Stock indices fell on Monday
21 September 2021
3593
Crisis in the making Nasdaq Composite, S&P 500 and Dow Jones fell sharply on Monday, with the financial sector hardest hit shares of major US banks JPMorgan Chase (JPM), Goldman Sachs (GS) and others fell by 3% or more. The market sees risks in ...
US GDP forecasts lowered by several reputable firms at once
14 September 2021
4139
US GDP forecasts down The US economy is set to decline sharply in the third quarter Goldman Sachs, Morgan Stanley, Oxford Economics and the Atlanta Fed have all cut their GDP growth forecasts sharply in recent weeks. The effects of the rapid spread ...
Berkshire Hathaway tells investors growth is back on track
9 August 2021
3633
Berkshire Hathaway's earnings Revenues at Warren Buffett's investment company, are up 22%, thanks to a rebound in growth at its subsidiaries in freight rail, energy and car sales. Berkshire Hathaway (BRK.A, BRK.B), the...
After criticism of video games in the PRC, sports action is on the rise
4 August 2021
3999
Sports stocks Amid harsh criticism of the video game industry in China's state-run media the previous day, a "tidal wave" touched stocks of Chinese manufacturers of sportswear, trainers and other spo...
JPMorgan's profits rose strongly for the second quarter in a row
14 July 2021
4232
JPMorgan's profit JPMorgan, the biggest US bank by asset size, posted strong earnings growth on the back of a release of reserve funds and a significant jump in investment banking revenues. JPMorgan Chase Co. (JPM...
The US stock market closed lower on Friday
19 June 2021
4196
Friday trading The US stock market ended Friday's trading lower amid negative dynamics from the oil and gas, utilities and financial sectors. By the closing bell on the New York Stock Exchange, the Dow Jones fell 1.58% to a one-month low, the S&...
Economic Data Points to Pause in Recovery as Aid Programs Expire
22 August 2020
3846
The economy’s rebound showed signs of stagnating. Then enhanced unemployment benefits and a small-business loan program expired. America’s economic recovery is in an uneasy pause, with key indicators of hiring, shopping and investment st...
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