Wall Street indexes were set to rise on Monday after their worst week in several months, with investors keeping a tab on the impact of potential changes to taxation on corporate profits and the effects of inflation on monetary policy. The indexes lost between 1.6 percent to 2.2 percent last week, with the S&P 500…
Wall Street Set to Recover From Sharp Weekly Losses
September 13, 2021
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Business & EconomyCompaniesEconomieseconomyLocal NewslossesMarket WatchMarketsNew YorkNY NewsrecoverRegional-Local NewsUSUS NewsWall Streetweekly
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Market Pulse: Dollar Firms as Inflation Data Comes Into Focus
The dollar started the week on a firm footing, with investors looking toward a flurry of economic data releases this week, including the key U.S. consumer inflation number that will factor into the Fed’s decision on tapering of stimulus. The DXY dollar index, which measures the currency against six major rivals, rose 0.20 points to 92.78,…
Trading Tantrum? Fed Officials’ Personal Dealings Stir Controversy, Call for Change
September 11, 2021
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Business & EconomychangecontroversyDealingsEconomieseconomyEric RosengrenFedMarket WatchofficialsRobert KaplanUSUS News
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Media reports this week that two of the Federal Reserve’s 12 regional bank presidents were active traders has some of the central bank’s most vocal critics questioning the rules that allowed them to engage in the transactions in the first place. Dallas Fed President Robert Kaplan and Boston Fed President Eric Rosengren made frequent or…
Fed to Hold Public Event on Pandemic Recovery on Sept. 24
Federal Reserve Chair Jerome Powell and other Fed policymakers will hold a community discussion on the pandemic recovery on Sept. 24, the central bank said Friday, part of its “Fed Listens” initiative begun in 2019. The initial series of public forums were designed to feed directly into the central bank’s rethink of how it should…
Tech Slide Pulls S&P 500 Down for Its 5th Straight Loss
Wall Street capped a choppy day of trading Friday with another pullback for stocks and the S&P 500’s first weekly loss in three weeks. The benchmark index fell 0.8 percent, its fifth straight decline, and ended 1.7 percent lower for the holiday-shortened week. That’s it’s biggest weekly drop since June. The other major U.S. stock…
Fed Officials to Sell Stocks to Avoid Apparent Conflict of Interest
Two Federal Reserve officials said on Thursday they would sell their individual stock holdings by the end of the month to address the appearance of conflicts of interest. Dallas Fed President Robert Kaplan and Boston Fed President Eric Rosengren issued statements saying they would invest the proceeds of those sales in diversified index funds and…
China Announces First Public State Oil Auction
BEIJING—The Chinese regime plans its first public auction of state crude oil reserves to a select group of domestic refiners, the reserves administration announced, as Beijing looks to cool high raw material costs for manufacturers. The releases will take place in phases and are intended for integrated refining and chemical plants, the National Food and…
Treasury Yields Rise, Wall Street Futures Up, Ahead of Producer Price Inflation Data
Long-dated U.S. Treasury yields rose on Friday ahead of the release of an index that will show the extent of producer price inflation and a day after major Wall Street equities indexes closed down despite encouraging unemployment claims data. The yield on the benchmark 10-year Treasury note rose 2.7 basis points to 1.329 percent, as…
Mexico and US Agree to Work on Supply Chains, Migration
September 10, 2021
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AmericasBusiness & EconomyEconomic TalksEconomieseconomyInternationalMarket WatchMexicoUnited StatesUSUS NewsWorld
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MEXICO CITY/WASHINGTON—The United States and Mexico on Thursday agreed to work on making shared supply chains, especially for semiconductors, more competitive and invest in social programs to tackle migration, said top Mexican officials after high-level economic talks in Washington. The so-called High-Level Economic Dialogue (HLED) was held for the first time in several years and…
Lowe’s Says Inventory in Better Position in Months Amid Supply-Chain Snafu
Lowe’s Cos Inc. said on Thursday it was bringing holiday products into its stores and warehouses earlier than originally planned, as supply chain bottlenecks threaten to leave U.S. stores with empty shelves during the holiday season. U.S. retailers have been scrambling to stock their racks and have enough inventory to ensure key items are not…
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