Japan’s Nikkei stock index jumped nearly 5% on Monday and the yen weakened after its ruling party chose an ultra-conservative as its leader and likely first woman prime minister. Other Asian markets also were mostly higher. U.S. futures climbed and oil gained about $1 a barrel. The Liberal Democrats elected Sanae Takaichi, an ally of…
Past shutdowns have had minimal effect on the stock market or on the economy, and the bet on Wall Street is that something similar will happen again. Many professional investors expect the market to climb still more, even after a 35% surge from its low in April. That’s not to say there aren’t risks. Much…
NEW YORK (AP) — If the U.S. government’s latest shutdown can’t stop the stock market, what can? Stock prices keep rising, even as the shutdown delays important economic reports that usually steer trading. The S&P 500 and Dow Jones Industrial Average set all-time highs Friday. It’s not just Big Tech driving the market, which has…
NEW YORK (AP) — U.S. stocks are heading for another weekly gain and hanging near the records they set a day earlier. The S&P 500 was up 0.1% and is heading toward the close of its seventh winning week in the last nine. The Dow Jones Industrial Average added 298 points, or 0.7%, as of…
The United States government is set to shut down unless Congress passes an appropriations bill to fund its operations. Without this legislation, federal agencies will be forced to suspend nonessential activities starting on Wednesday at 12:01am in Washington, DC (04:01 GMT). Recommended Stories list of 4 itemsend of list Although Republicans control the House of…
Shares of some big drugmakers jumped ahead of broader indexes Friday as Wall Street started sorting out President Donald Trump’s latest tariff announcement. The president said late Thursday that he would place 100% import taxes on pharmaceuticals starting Oct. 1, but those tariffs would not apply to companies building U.S. manufacturing plants. He defined that…
WASHINGTON (Reuters) -The risk of a partial U.S. government shutdown beginning next week is rising as congressional Democrats and Republicans hit an impasse over how to continue to fund the federal government. A shutdown could affect financial markets by limiting the operations of financial regulators and delaying the publication of key economic data. Invest in…
MANILA, Philippines — Asian shares, led by tech stocks, were mostly higher Thursday after Wall Street indexes churned between gains and losses but ultimately remained near their record levels following the Federal Reserve’s decision to cut its main interest rate. Japan’s Nikkei 225 rose 1.3% to 45,365.98, with tech-related stocks including Disco, Tokyo Electron and…
Tesla shares jumped 6 percent on Monday after CEO Elon Musk disclosed that he had bought $1bn worth of the company’s stock. The move reinforces Musk’s push for greater control over Tesla and comes a week after the company’s board offered him a $1 trillion pay package over the next decade. Musk’s stock purchase –…
TOKYO — Asian shares were mostly higher Monday, after Wall finished the previous week near their record levels. Hong Kong’s Hang Seng added 0.4% to 26,505.18. The Shanghai Composite edged up 0.2% to 3,878.57. Worries are simmering about China’s economy, as analysts say the data for August aren’t strong enough to reflect ongoing dynamic growth,…