Wall Street’s main indexes opened higher on Friday after Goldman Sachs rounded out a strong earnings season for big banks, while a surprise rise in retail sales strengthened views about economic recovery. The Dow Jones Industrial Average rose 111.07 points, or 0.32 percent, at the open to 35,023.63. The S&P 500 opened higher by 9.43…
Wall Street Opens Higher on Goldman Earnings, Retail Sales Data
October 15, 2021
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Wall Street Tracks Weekly Gains on Strong Banks Earnings, Retail Sales Data
October 15, 2021
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U.S. stocks climbed on Friday and the main indexes were set for weekly gains after Goldman Sachs capped a strong earnings season for big banks, while a surprise rise in retail sales raised optimism about economic recovery. Goldman Sachs gained 2.7 percent as a record wave of dealmaking activity drove a surge in the bank’s…
Hong Kong Retail Sales Rise for 7th Month, Consumption Voucher to Support Sentiment
HONG KONG—Hong Kong’s retail sales climbed for the seventh straight month in August, helped by a stabilising COVID-19 situation, an improved labour market, and economic recovery and thanks to a boost from a consumption voucher scheme (CVS). Retail sales in August rose 11.9 percent from a year earlier to HK$28.6 billion ($3.67 billion), government data…
US New Vehicle Retail Sales Set to Fall 25 Percent in September: Data
U.S. retail sales of new vehicles are expected to fall nearly a quarter in September, hurt by depleting inventories, even as consumer spending remains strong, consultants J.D. Power and LMC Automotive said in a joint forecast on Tuesday. New vehicle retail sales in the United States are seen dropping to 888,900 units in September, from…
S&P Ends Modestly Lower as Rising Treasury Yields Offset Robust Retail Data
September 17, 2021
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NEW YORK— The S&P 500 ended slightly down on Thursday, paring losses in late trading after unexpectedly strong retail sales data underscored the strength of the U.S. economic recovery. The three major indexes spent much of the day in negative territory as rising U.S. Treasury yields pressured market-leading tech stocks, and the rising dollar weighed on…
NTD Business Full Broadcast (Sept. 16)
President Biden pushing his plan to tax the rich, to pay for his multi-trillion dollar spending proposal. Schools around the country facing a bus-driver shortage. One state is even deploying the national guard to take children to school. Another space launch, this time with four civilians in a SpaceX spaceship. Will SpaceX be the space-leader…
NTD Business Full Broadcast (Sept. 6)
Two pandemic unemployment programs end, on Labor Day. Millions of Americans have lost benefits from the government. We talk to two retailers about their labor day sales and how the pandemic continues to pose challenges. And Amazon plans to roll out its own, Amazon-branded TV’s. It will be powered by Alexa, but one manufacturer is…
Back-to-School May Lift US Retail Shares After Recent Lull
NEW YORK—Strong late-summer back-to-school sales could provide U.S. retailers some needed momentum after many sector shares lagged the broader market in recent months. The S&P 500 retailing index, which includes Amazon.com Inc, is up just about 2 percent for the quarter so far, compared with a 6 percent gain in the S&P 500. Some retailers,…
NTD Business Full Broadcast (Aug. 17)
The Commerce Department says retail sales dropped more than expected last month, what’s behind it and is it cause for concern? Billionaire investor Bill Ackman’s SPAC hit with a lawsuit. What’s the lawsuit saying and what’s Ackman’s response? And the biden administration says it’ll oppose World Bank and some other international groups’ funding for new…
Robinhood Shares Surge 50 Perccent, as Investors Scoop up ‘The Meme of Memes’
Shares of Robinhood Markets Inc rose more than 50 percent on Wednesday during a wild trading session as investors scooped up shares after its underwhelming stock market debut last week. The online brokerage’s shares closed at $70.39, off the session high of $85 when the stock was up nearly 82 percent, with one analyst dubbing…
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