S&P closes at more than two-month high on retail, energy lift

S&P closes at more than two-month high on retail, energy lift

Best Buy up, sees smaller annual sales drop Dollar Tree drops on lower FY profit forecast Manchester United surges on sale report Dow up 1.18%, S&P 500 up 1.36%, Nasdaq up 1.36% NEW YORK, Nov 22 (Reuters) – US stocks rallied on Tuesday, with the S&P 500 closing at its highest level in 2-1/2 months, … Read more

China COVID cases weigh on Wall St; disney jumpers

China COVID cases weigh on Wall St;  disney jumpers

Disney up on Iger’s return as CEO S&P 500 energy index leads sectoral falls Grindr slips after rocketing in debut Tesla down on vehicle recall, China COVID concerns Dow up 0.01%, S&P 500 down 0.34%, Nasdaq down 1.05% Nov 21 (Reuters) – Wall Street’s main indexes started the week roughly lower on China saying it … Read more

Colorado bosses stop shooter who killed five at Club Q gay nightclub

Colorado bosses stop shooter who killed five at Club Q gay nightclub

COLORADO SPRINGS, Colo., Nov 20 (Reuters) – A gunman opened fire inside a LGBTQ nightspot in Colorado Springs late on Saturday, killing at least five people and injuring 25 others before being stopped by “heroic” clubgoers, police said. Authorities on Sunday said they were investigating whether the attack was motivated by hate. Police identified the … Read more

S&P 500 ends higher, led by defensive shares

S&P 500 ends higher, led by defensive shares

Fed’s Collins sees 75-bps hike on the table Grindr surges in market debut Gap shares rise on upbeat results Indexes up: Dow 0.59%, S&P 0.48%, Nasdaq 0.01% Nov 18 (Reuters) – Wall Street’s benchmark S&P 500 index ended higher on Friday in a choppy trading session, as gains in defensive shares overshadowed energy declines, and … Read more

Exclusive: How FTX bought its way to become the ‘most regulated’ crypto exchange

Exclusive: How FTX bought its way to become the 'most regulated' crypto exchange

FTX bought a 10% stake in IEX with an option to acquire 100% FTX spent $2 billion on ‘acquisitions for regulatory purposes’ Documents show FTX saw its regulatory status as a way of luring new capital from major investors Nov 18 (Reuters) – Before it collapsed this month, FTX stood apart from many rivals in … Read more

Wall Street drops as hawkish Fed official comments weigh

Wall Street drops as hawkish Fed official comments weigh

Fed’s Bullard backs more rate hikes Data shows US labor market remains tight Cisco shares rise after co raises full-year outlook Macy’s jumps on profit forecast raise Indexes down: Dow 0.02%, S&P 0.31%, Nasdaq 0.35% Nov 17 (Reuters) – Wall Street’s main indexes ended modestly lower on Thursday in a choppy session as hawkish comments … Read more

Gamers lament end of Warcraft in China as Blizzard and NetEase part ways

Gamers lament end of Warcraft in China as Blizzard and NetEase part ways

Nov 17 (Reuters) – Blizzard Entertainment (ATVI.O) and NetEase (9999.HK) caused dismay among thousands of gamers on Thursday by saying hits such as ‘World of Warcraft’ will not be available in China from next year as a 14 -year partnership ended. NetEase shares closed 9% lower in Hong Kong after Blizzard said it was unable … Read more

Walmart lifts annual forecast, announces $20 bln share buyback

Walmart lifts annual forecast, announces $20 bln share buyback

Nov 15 (Reuters) – Walmart Inc (WMT.N) on Tuesday lifted its annual sales and profit forecast as demand for groceries holds up despite higher prices, while discounts on clothing and electronics helped it cut back excess inventories ahead of the busy holiday season . The company also announced a new $20-billion share buyback plan, sending … Read more

Nasdaq, S&P 500 end sharply higher, fueled by inflation optimism

Nasdaq, S&P 500 end sharply higher, fueled by inflation optimism

Growth stocks lead value, Nasdaq rallies Nasdaq and S&P 500 gain for second day Indexes end: S&P 500 +0.93%, Nasdaq +1.88%, Dow +0.10% Nov 11 (Reuters) – The S&P 500 and Nasdaq ended sharply higher on Friday, extending a rally started the day before after a soft inflation reading raised hopes the Federal Reserve would … Read more

US stops taking student debt forgiveness applications after ruling

US stops taking student debt forgiveness applications after ruling

Nov 11 (Reuters) – The United States government has stopped taking applications for student debt relief, after a federal judge blocked President Joe Biden’s loan forgiveness plan, according to a notice on a government website. A judge in Texas who was appointed by former President Donald Trump ruled on Thursday that Biden’s plan to cancel … Read more