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Stocks rise, dollar slips as risk aversion eases

4 Min Read NEW YORK (Reuters) - The dollar retreated and Wall Street rallied on Thursday as investors looked past weak U.S. GDP and jobless claims data to hopes of a rosier economy ahead and welcomed restrictions on this week’s social media-driven trading frenzy. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File Photo Tech heavyweights Microsoft Corp, Amazon.com and Alphabet Inc were among the biggest boo...
New York United States Great Hill Thomas Hayes Kevin Flanagan Dan Grebler

Stocks tumble on recovery fears; dollar climbs

4 Min Read NEW YORK (Reuters) - Stocks fell around the world on Wednesday as investors turned more cautious over stretched valuations and the economic impact of the COVID-19 pandemic, while the dollar rose on its safe-haven appeal. FILE PHOTO: Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford Oil prices were little changed as demand concerns were mostly offset by a large drop in U.S. crude inventories. Stocks in the United...
New York United States United Kingdom South Africa Rodrigo Campos Karen Brettell

Stocks fall from records, U.S. yields continue to climb

4 Min Read NEW YORK (Reuters) - Stocks fell on Monday, slipping from record highs, partly on caution over rising coronavirus cases globally while elevated Treasury yields continued to support the dollar, which touched its highest since December against a basket of peers. FILE PHOTO: The U.S. flag covers the front facade of the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 9, 2020. REUTERS/Brendan McDermid Worldwide coronavirus cases surpassed 90 million on Monday, ac...
New York United States White House District Of Columbia Rodrigo Campos Karen Brettell

Biden plans to limit private prisons and transfer of military equipment to police

5 Min Read WASHINGTON (Reuters) - President Joe Biden on Tuesday issued a firm call to heal America’s racial divide, taking several steps and promising more to confront racism and inequality that he said has plagued the United States for far too long. Racial tensions simmered during the turbulent four-year presidency of Donald Trump and in issuing several executive orders, Biden noted that the Jan. 6 siege of the U.S. Capitol by Trump supporters was carried out by “thugs, insurrectionists, ...
United States The White House District Of Columbia White House Sally Yates Sonya Hepinstall

Biden to limit private prisons and bolster fair housing policies

Biden to limit private prisons and bolster fair housing policies By Sarah N. Lynch and Trevor Hunnicutt Reuters WASHINGTON (Reuters) - President Joe Biden plans to take executive actions on Tuesday to scale back the U.S. governments use of private prisons and bolster anti-discrimination enforcement in the housing market, aides said. The measures are part of a package of steps being taken by the new Democratic president to roll back policies of his Republican predecessor Donald Trump and pro...
United States Sonya Hepinstall Donald Trump Sarahn Lynch Susan Rice Joe Biden

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Stocks at new peaks on stimulus hopes, dollar slips

4 Min Read NEW YORK (Reuters) - World stock markets racked up record highs on Thursday and the dollar slipped as investors bet major stimulus from new U.S. President Joe Biden and unswerving global central bank support would cushion the coronavirus’ damage and bolster growth. FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange in the Manhattan borough of New York City, New York, U.S., October 2, 2020. REUTERS/Carlo Allegri The euro [/FRX] edged up as the European Ce...
New York United States City Of United Kingdom Tim Ghriskey Dan Grebler

Stocks rise to new peaks, dollar slips

4 Min Read NEW YORK (Reuters) - World stock markets racked up record highs on Thursday and the dollar fell as investors bet major stimulus from new U.S. President Joe Biden and unswerving global central bank support would cushion the coronavirus’ damage and bolster growth. FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange in the Manhattan borough of New York City, New York, U.S., October 2, 2020. REUTERS/Carlo Allegri/File Photo The euro edged up as the European C...
New York United States City Of United Kingdom Tim Ghriskey Dan Grebler

GLOBAL MARKETS-Stocks climb as big tech back in focus; dollar slips

NEW YORK, Jan 21 (Reuters) - World stock markets racked up record highs on Thursday and the dollar fell as investors bet major stimulus from new U.S. President Joe Biden and unswerving global central bank support would cushion the coronavirus’ damage and bolster economic growth. In Europe, the pan-European STOXX 600 index closed 0.17% higher, while the FTSE slid 0.4% and the DAX slipped 0.11%. The euro edged up as the European Central Bank’s first policy meeting of the year brought no chang...
New York United States City Of United Kingdom Tim Ghriskey Dan Grebler

Stocks climb as big tech back in focus; dollar slips

4 Min Read NEW YORK (Reuters) - World stock markets racked up record highs on Thursday and the dollar slipped as investors bet major stimulus from new U.S. President Joe Biden and unswerving global central bank support would cushion the coronavirus’ damage and bolster growth. FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange in the Manhattan borough of New York City, New York, U.S., October 2, 2020. REUTERS/Carlo Allegri The euro [/FRX] edged up as the European Ce...
New York United States City Of United Kingdom Tim Ghriskey Dan Grebler

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