financial market

NEW YORK | Shoppers spend freely heading into the holidays

NEW YORK — Shoppers are spending freely heading into the holidays, but heavy investments and incentives like free shipping by retailers are giving Wall Street pause. Target Inc., Kohl’s Corp., Best Buy Co. and TJX Cos. all reported strong sales at stores opened at least a year. That’s a key measure of health for a … Continue reading NEW YORK | Shoppers spend freely heading into the holidays

ANKARA, Turkey | The Latest: Euro sags on concern over impact from Turkey

ANKARA, Turkey  — The Latest on Turkey’s financial turmoil (all times local): 11:40 a.m. The euro sagged to a 13-month low against the dollar amid worries about the impact of financial market turmoil in Turkey. The 19-country currency fell 0.7 percent to trade at $1.1450 in morning trading in Europe. The dollar, which traders buy … Continue reading ANKARA, Turkey | The Latest: Euro sags on concern over impact from Turkey

NEW YORK | US stocks rebound as tech and household goods companies rise

NEW YORK — U.S. stocks rallied Tuesday as retailers, technology and household goods companies all made solid gains and helped the market shake off a weak start.  Netflix slumped after investors were disappointed with the streaming video company’s subscriber growth. Stocks skidded at the start of trading as investors sold some of their recent favorites including … Continue reading NEW YORK | US stocks rebound as tech and household goods companies rise

US stock | US stocks snap higher despite escalating US-China trade tiff

US stock – The trade dispute between the U.S. and China escalated Friday, but Wall Street focused on a solid jobs report instead. After a wobbly start, U.S. stocks mounted a broad rally, shaking off two consecutive weekly losses. Growing jitters in recent weeks over a stepped-up trading dispute between the world’s two largest economies had … Continue reading US stock | US stocks snap higher despite escalating US-China trade tiff

Nobel goes to Richard Thaler who made economics human again

WASHINGTON/October 9, 2017 (AP)(StlRealEstate.News) — People make poor economic choices. They don’t save enough for retirement. They refuse to cut their losses on plummeting investments because they won’t own up to mistakes. They buy houses and stocks when prices are high, thinking that what’s going up today will keep going up tomorrow. Richard Thaler of … Continue reading Nobel goes to Richard Thaler who made economics human again

Global shares edge higher following rally on Wall Street

Global shares move higher after Wall Street rally TOKYO/July 13, 2017 (AP)(STL.News) — Shares edged higher in early European trading Thursday, tracking gains in Asia after Federal Reserve Chair Janet Yellen told Congress the central bank may slow the pace of its interest rate increases if inflation remains below its target level. Japan’s Nikkei 225 … Continue reading Global shares edge higher following rally on Wall Street

Global stocks lower after oil prices drag down Wall Street

BEIJING/June 22, 2017 (AP)(STL.News) Stocks lower — Global financial markets declined for a second day Wednesday after weak crude prices dragged down energy stocks on Wall Street. KEEPING SCORE: In early trading, France’s CAC-40 fell 0.5 percent to 5,249.15 and London’s FTSE 100 shed 0.4 percent to 7,413.74. Germany’s DAX lost 0.3 percent to 12,739.01. … Continue reading Global stocks lower after oil prices drag down Wall Street

Dow, Russell 2000 hit new highs; uneven finish for US stocks

June 9, 2017 (AP)(STL.News) New Highs – Wall Street turned in an uneven finish Friday as investors unloaded their technology company shares in favor of energy and financial stocks. The tech-heavy Nasdaq composite, which has outpaced gains by other U.S. stock indexes this year, fell the most. The Standard & Poor’s 500 index closed slightly … Continue reading Dow, Russell 2000 hit new highs; uneven finish for US stocks