Bloomberg “Dow Tops 22,000 as Apple Rallies; Euro Strengthens: Markets Wrap.” The Dow Jones Industrial Average rose past 22,000 for the first time as Apple Inc. pushed to a record, while renewed strength in the euro dragged down European equities. Oil fluctuated after retreating from its brief rise above $50 a barrel. The Nasdaq 100....
New York Times “Stocks Drop as Attacks in Spain Push Investors to Safe Havens.” Stocks in the United States opened lower on Friday, following declines in Europe and Asia after terrorist attacks in Spain added to the issues concerning investors, spurring them to park their money in traditional safe havens. Both the Standard & Poor’s....
New York Times “Trump Settles on Afghan Strategy Expected to Raise Troop Levels” President Trump, who has been accused by lawmakers of dragging his feet on Afghanistan, has settled on a new strategy to carry on the nearly 16-year-old conflict there, administration officials said Sunday. The move, following a detailed review, is likely to open....
Reuters “Wall Street drops on Trump’s threats of government shutdown, NAFTA end.” U.S. stocks opened sharply lower on Wednesday, giving back some gains from a day earlier, after President Donald Trump warned of a government shutdown to build the Mexico border wall and also threatened to scrap a trade agreement with Mexico and Canada. The....
Bloomberg “U.S. Second-Quarter Growth Revised to 3% in Momentum Boost.” U.S. second-quarter growth was revised upward to the fastest pace in two years on stronger household spending and a bigger gain in business investment, putting the economy on a stronger track, Commerce Department data showed Wednesday. The revisions indicate greater momentum going into the second....
Reuters “U.S. job growth slows in August; wage growth retreats.” U.S. job growth slowed more than expected in August after two straight months of hefty gains, but the pace of increase should be more than sufficient for the Federal Reserve to announce a plan to start trimming the massive bond portfolio it built to support....
Bloomberg “Bitcoin Tumbles as PBOC Declares Initial Coin Offerings Illegal.” China’s central bank said initial coin offerings are illegal and asked all related fundraising activity to be halted immediately, issuing the strongest regulatory challenge so far to the burgeoning market for digital token sales. The People’s Bank of China said on its website Monday that....
New York Times “Caribbean Devastated as Irma Heads Toward Florida.” One of the most powerful Atlantic hurricanes ever recorded crescendoed over the Caribbean on Thursday, crumpling islands better known as beach paradises into half-habitable emergency zones and sideswiping Puerto Rico before churning north. It is expected to hit the Florida Keys and South Florida by....
Bloomberg “Dollar Advances With Stocks as Irma Threat Recedes.” The dollar gained, Treasuries retreated and stocks advanced as an appetite for risk returned after an anticipated North Korean missile test failed to materialize and Hurricane Irma struck the U.S. with less force than feared. Gold, the yen and the Swiss franc all fell. Bloomberg’s dollar....
Bloomberg “45,000 Evacuated Across Russia After Wave of Bomb Threats.” More than 45,000 people have been evacuated from airports, schools and government buildings across Russia over the last two days amid a wave of fake bomb threats that officials called unprecedented. “There’s never been anything like this before, it’s 100 percent organized telephone terrorism,” Frants....
Reuters “Improvised ‘terrorist’ bomb on packed London commuter train injures 22.” A home-made bomb on a packed rush-hour commuter train in London engulfed a carriage in flames and injured 22 people on Friday in what police said was Britain’s fifth terrorism incident this year, but apparently failed to fully explode. Passengers on board a train....
Bloomberg “U.S. Stocks Mixed, Dollar Weakens Before Rate Call: Markets Wrap” U.S. stocks remained listless, the dollar slipped and Treasuries edged higher as investors count down to the Federal Reserve’s rate decision and press conference. Commodities advanced as oil rose alongside industrial metals. The S&P 500 Index churned near all-time highs, stuck in one of....
Bloomberg “Consumer Sentiment in U.S. Unexpectedly Surges to 13-Year High.” U.S. consumer sentiment unexpectedly surged to a 13-year high as Americans’ perceptions of the economy and their own finances rebounded following several major hurricanes, a University of Michigan survey showed Friday. The jump in sentiment, which was greater than any analyst had projected, may reflect....