NY Fed ‘Empire State’ factory index posts biggest gain in more than 2 years
Owner David Ablon uses a burner to bend glass tubing while breathing into a blow hose to prevent collapse at the Precision Neon studio in Brooklyn, New York. Stephanie Keith | Bloomberg | Getty Images The New York Federal Reserve...
Europe stocks slightly higher after China data meets expectations; Galapagos up 17%
European stocks returned to positive territory Monday afternoon, during a choppy session amid worries China’s economy is slowing due to a trade war with the U.S. European Markets: FTSE, GDAXI, FCHI, IBEX The pan-European Stoxx 600 rebounded from early losses...
Wall Street is relying too much on the Fed to extend the record rally, Wilmington Trust warns
Even if the Federal Reserve cuts rates later this month, Wilmington Trust’s Meghan Shue warns the market is vulnerable to a correction. The firm’s senior investment strategist believes Wall Street is overestimating the Federal Reserve’s influence to support the record...
‘Earnings could be volatile,’ long-term market bull warns
An earnings season that delivers will play an integral role in whether the market can maintain all-time highs, according to Crossmark Global Investments’ Victoria Fernandez. The chief market strategist believes Wall Street is completely discounting second earnings expectations right now,...
Disney, Charter talks could affect price of cable in the streaming era
The Walt Disney Company CEO, Robert Iger arrives for the World premiere of Marvel Studios’ ‘Avengers: Endgame’ at the Los Angeles Convention Center on April 22, 2019 in Los Angeles. VALERIE MACON | AFP | Getty Images Disney is set...
Jeffrey Epstein jail logs: Accused predator met with Alan Dershowitz, Bill Clinton pal a decade ago
Geoffrey Berman, United States Attorney for the Southern District of New York, points to a photograph of Jeffrey Epstein as he announces the financier’s charges of sex trafficking of minors and conspiracy to commit sex trafficking of minors, in New...
Stocks making the biggest moves midday: Johnson & Johnson, Stitch Fix, Illumina, Merck & more
Check out the companies making headlines in midday trading: Johnson & Johnson — Shares of the pharmaceutical and consumer goods company fell more than 5% after Bloomberg News reported that the U.S. Justice Department is launching a criminal investigation into...
Treasury could run out cash in early September, urges Congress to raise debt ceiling before recess
The Treasury Department said it could run out of cash in two months, asking Congress to increase the debt ceiling before lawmakers leave for a six-week recess. “Based on updated projections, there is a scenario in which we run out...
Treasury may run out of cash in early September, urges Congress to raise debt ceiling before recess
The Treasury Department said it could run out of cash in two months, asking Congress to increase the debt ceiling before lawmakers leave for a six-week recess. “Based on updated projections, there is a scenario in which we run out...
US producer prices rose slightly in June, while the cost of goods declined
U.S. producer prices rose slightly in June as the cost of energy and other goods fell for a second straight month, offsetting an acceleration in services, leading to the smallest annual increase in producer inflation in nearly 2-1/2 years. The...
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