Tag Archives: Wall Street

Wall Street mixed ahead of Federal Reserve’s policy meet

US stock indexes eased from intraday record highs on Monday, dragged down by Microsoft and other mega-cap technology stocks, while data showed US manufacturing activity slowed in October amid supply chain disruptions. All the major indexes had scaled new peaks … Continue reading

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Apple, Amazon push Nasdaq to record high

The Nasdaq index hit a record high on Thursday, led by gains in mega-cap companies including Apple Inc and Amazon.com ahead of their earnings reports, while solid results from Caterpillar and Merck helped investors shrug off dismal GDP data. At … Continue reading

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Revamped WeWork rises in Nasdaq debut

The office-sharing company WeWork made a strong Wall Street debut on Thursday, two years after a previous attempt disintegrated in spectacular fashion. Shares of the venture, revamped with new corporate leaders, shot up nearly 10% to $11.39 shortly after midday, … Continue reading

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Stocks get reality check from earnings, central banks in focus

TOKYO: Global stocks eased from record peaks as a stark reminder of supply chain snags in corporate earnings reports stalled their rally, while investors also looked to whether central banks may consider tightening monetary policy earlier than thought. MSCI’s gauge … Continue reading

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Stocks end mixed on Wall Street, still notch weekly gains

Wall Street capped a choppy day of trading Friday with an uneven finish for the major stock indexes, as losses for several large technology companies weighed on the market. The S&P 500 was little changed a day after it set … Continue reading

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Bates CHI plans to bring media agency M/Six to India by January

MUMBAI: WPP’s creative agency Bates CHI & Partners will bring media agency M/Six to India by January, a top executive said. “In India, we will start in Mumbai and then quite possibly in Delhi and Bangalore as well,” David Mayo, … Continue reading

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Did Mondelez India get official approvals for a factory that did not exist?

First, it was a phantom factory that marred Cadbury’s India story of 67 years. This March, the Central Excise department concluded that part of its plant at Baddi in Himachal Pradesh did not exist on the date Cadbury claimed it … Continue reading

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Wall Street soared under Donald Trump, but it’s been a rocky ride

NEW YORK : The last four years have been good for stocks, with the S&P 500 climbing more than 50% and many 401(k) balances looking healthier, as President Donald Trump likes to point out so often. But a look at … Continue reading

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American Airlines lost $8.9 billion in a year of pandemic

Fort Worth (US): American Airlines lost $2.2 billion in the fourth quarter as people stayed put in the pandemic, sending the carrier’s revenue plunging by nearly two-thirds from the same period a year ago. American predicted that similar revenue trends … Continue reading

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Credit Suisse scandal toll goes ever higher as rivals thrive

In an era of prosperity for investment banks, Credit Suisse Group AG is careening from one crisis to another and then another — this time, with a $4.7 billion writedown tied to billionaire investor Bill Hwang’s trading blowout. The staggering … Continue reading

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