Text size People walk along Wall Street, near the New York Stock Exchange in New York. Photo by ED JONES / AFP via Getty Images Stock futures fell on Wednesday, eroding much of the progress of the previous session as investors went back to worrying that the Federal Reserve’s aggressive plans to tighten monetary policy … Read more
Text size Traders work on the floor of the New York Stock Exchange. Spencer Platt / Getty Images Equity futures traded significantly higher on Tuesday as investors returned from a three-day weekend and felt a bit more optimistic after last week’s steep sell-off. Contracts related to Dow Jones Industrial Average rose 486 points, or 1.6%, … Read more
June 19, or Juneteenth, marks the end of slavery in the United States. The United States designated the day a federal holiday in 2021. Photo by PATRICK T. FALLON / AFP via Getty Images Text size The Juneteenth holiday weekend can come as a respite for investors. Last week, they had to navigate increasingly turbulent … Read more
The US stock markets will be closed to observe Juneteenth for the first time in history. The New York Stock Exchange and Nasdaq close on Monday, June 20, observing the latest federal holiday, adding it to the list of market holidays that also include Thanksgiving Day and Christmas Day. Juneteenth – also known as Emancipation … Read more
Pharmaceutical giant Merck & Co. looking at a purchase of cancer-focused biotech Seagen according to people with knowledge of the case. Talks have been underway for some time and an agreement is not imminent, people said, warning that it could be difficult to pull one of them off given the increased risk of a regulatory … Read more
A rapid rise in U.S. fuel exports this year has helped push gasoline prices to a record $ 5 per barrel. gallon and pushing U.S. natural gas prices, which reached their highest levels in over a decade earlier this month. In recent months, companies and commodity traders have shipped more U.S. gasoline and diesel to … Read more
Equity futures fell sharply on Thursday after the Federal Reserve raised interest rates the most since 1994, signaling to Wall Street that it would remain aggressive in its campaign to cool historically high inflation. Renewed fears of recession pushed stocks down. Contracts linked to the Dow Jones Industrial Average fell 571 points, or 1.9%, to … Read more
A rapid rise in U.S. fuel exports this year has helped push gasoline prices to a record $ 5 per barrel. gallon and pushing U.S. natural gas prices, which reached their highest levels in over a decade earlier this month. In recent months, companies and commodity traders have shipped more U.S. gasoline and diesel to … Read more
Imagine you are chairing the Federal Reserve. If you want to increase the production of goods and services for the economy to lower prices by meeting a high demand, then what do you do? First, please say that the Fed has no control over supply. Then you try to kill the demand. This is what … Read more
SEOUL — The South Korean government reached an agreement with truck drivers to extend a minimum wage plan that ended a week-long strike that had narrowed supply chains in one of Asia’s export power centers. The haulier’s union agreed to return to work immediately after reaching an agreement with the Department of Transportation late Tuesday, … Read more