Stocks rose broadly on Wall Street in afternoon trading Wednesday as investors welcomed China's move to exempt some U.S. products from a recent round of tariffs. Technology, health care and communication services stocks powered much of the gains for the benchmark S&P 500 index, which ...
Private equity has directly killed 600,000 U.S. retail jobs, study says
Amazon.com Inc., landlords who charge sky-high rents, brands that fail to adapt. The carnage in the retail industry has been blamed on all of them. Now Wall Street is too. Over the past decade, 597,000 U.S. employees working for retailers owned by private equity firms ...
Candidate Bernie Sanders calls for canceling $1.6 trillion in student loan debt
U.S. presidential contender Bernie Sanders proposed a plan on Monday to cancel $1.6 trillion in student loans and pay for it with a tax on Wall Street, elevating the issue in the 2020 debate and going beyond proposals from his Democratic White House rivals. Sanders, ...
Trump and Xi stoke trade optimism with plan to resume talks at Osaka G20
The U.S. and China said their presidents will meet in Japan next week to relaunch trade talks after a monthlong stalemate, triggering a rally in financial markets. U.S. President Donald Trump said Tuesday that he had a "very good" phone conversation with Chinese counterpart Xi ...
Wall Street may be underestimating the threat of tariffs on the auto industry, according to Phil Levy, a senior fellow on global economy at the Chicago Council on Global Affairs. "I think it's better than even odds that they go ahead with this, and go ...
Tokyo stocks rebound strongly after post-election surge on Wall Street
Stocks bounced back sharply on the Tokyo Stock Exchange on Thursday, aided by an overnight surge in U.S. equities following the closely watched U.S. midterm elections. The key 225-issue Nikkei average jumped 401.12 points, or 1.82 percent, to end at 22,486.92. It lost 61.95 points ...
Stocks staged a sharp rebound on the Tokyo Stock Exchange on Tuesday, boosted by repurchases after the recent tumble. The 225-issue Nikkei average soared 307.49 points, or 1.45 percent, to end at 21,457.29, after shedding 34.80 points on Monday. The Topix index of all first-section issues ...
U.S. stocks sank in a broad sell-off on Monday, with the S&P 500 dropping more than 1.5 percent and technology firms bearing the brunt of an escalating trade dispute between the United States and other leading economies. The U.S. Treasury Department was drafting curbs that ...
Ex-Trump aide Steve Bannon: 'To hell with Wall Street' view on trade moves against China
Steve Bannon, U.S. President Donald Trump's former chief strategist and 2016 campaign CEO, had a fiery response on Wednesday to Wall Street's dim view of Trump's trade actions against China. "Ask the working people in Ohio, Pennsylvania and Michigan about Wall Street. Wall Street supported ...
Stocks plunge as Trump says U.S. will impose 25% tariffs on steel, 10% on aluminum imports
U.S. President Donald Trump said on Thursday the United States would impose tariffs of 25 percent on steel imports and 10 percent on imported aluminum next week. At a meeting with U.S. industry officials at the White House, Trump vowed to rebuild American steel and ...
'Shut up and let me trade': How the week that rocked stock markets went down
One of the wildest runs in U.S. stock-market history began with the collapse of arcane bets on volatility and ended with a sober realization: The easy ride is over. After heart-stopping swings in the Dow (Down 1,000 points! Up 500 points!), a market correction ...
Dow sees worst fall since 2011 as Wall Street plummets over 1,100 points
The Dow Jones industrial average plunged more than 1,100 points Monday as stocks took their worst loss in six and a half years. Two days of steep losses have erased the market's gains from the start of this year and ended a period of ...
