FILE PHOTO: Shipping containers are unloaded from ships at a container terminal at the port of Oakland, California, U.S., October 28, 2021. REUTERS/Carlos BarriaWASHINGTON (Reuters) – Wages for truckers and warehouse workers may need to rise to resolve shipping backups,…
Read MoreYellen extends U.S. default deadline to Dec. 15 after highway payment
WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Tuesday extended a deadline for a potential U.S. government default to Dec. 15 from Dec. 3, giving Congress more time to raise the federal debt ceiling as lawmakers also consider a…
Read MoreRetail boost helps lift S&P 500
NEW YORK (Reuters) – U.S. stocks closed higher on Tuesday as earnings from Home Depot and retail sales data signaled solid consumer health and eased worries about a Federal Reserve that may have to become more aggressive in the face…
Read MoreWall St Week Ahead: Some worry U.S. stocks rally more 'Fear Of Missing Out' than fundamentals
NEW YORK (Reuters) – A record-setting run in U.S. stocks has made some investors wary as concerns grow over the market’s vulnerability to surging inflation, tighter Federal Reserve policy and moderating corporate profit growth.FILE PHOTO: The floor of the the New York Stock Exchange (NYSE)…
Read MoreS&P 500, Nasdaq resume their advances; Disney drags on Dow
(Reuters) – The S&P 500 and the Nasdaq inched higher on Thursday, with chipmakers helping the indexes resume their climb after hotter-than-expected inflation reports dampened investor sentiment and halted a streak of record closing highs.FILE PHOTO: A trader works inside…
Read MorePowell or Brainard? Biden weighs his pick for U.S. Fed chair
(Reuters) – President Joe Biden is still weighing whether to keep Jerome Powell as chair of the Federal Reserve for a second term or elevate Fed Governor Lael Brainard to the post, an administration official said on Wednesday.FILE PHOTO: Federal…
Read MoreWall Street edges higher on U.S. infrastructure bill; Tesla drags
NEW YORK (Reuters) – Wall Street stocks edged higher on Monday, as investors cheered the passage of a U.S. infrastructure spending bill, but gains were limited by falling Tesla shares.FILE PHOTO: Traders work on the floor of the New York…
Read MoreWall St books records, weekly gains on strong jobs report, Pfizer COVID-19 pill cheer
(Reuters) – Wall Street’s main indexes scored record closing highs on Friday and booked solid gains for the week following a strong U.S. jobs report and positive data for Pfizer’s experimental pill against COVID-19. The S&P 500 and the Nasdaq…
Read MoreChip, growth stocks send S&P 500, Nasdaq to records as Dow lags
(Reuters) – The S&P 500 and Nasdaq rose to record intraday highs on Thursday as chipmaker stocks surged following Qualcomm’s strong financial forecast and investors digested the Federal Reserve’s decision to start reducing its monthly bond purchases.FILE PHOTO: Traders work…
Read MoreFed unveils bond-buying 'taper,' sticks with 'transitory' inflation belief
Slideshow ( 2 images )WASHINGTON (Reuters) – The Federal Reserve on Wednesday said it will begin trimming its monthly bond purchases in November with plans to end them in 2022, but held to its belief that high inflation would prove…
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