Stocks on Wall Street closed broadly higher Wednesday as investors welcomed encouraging economic data and quarterly earnings reports from big companies including Starbucks.
. Nearly three-quarters of companies within the benchmark S&P 500 have reported earnings for the latest quarter and the results have mostly beaten analysts’ forecasts.
PayPal jumped 9.2% on a report that activist investor Elliott Management has taken a large stake in the payment company. in September at a much slower pace than in previous months. U.S. crude oil fell 4% to settle at $90.66 per barrel; Brent crude, the international standard, settled 3.7% lower at $96.78 per barrel.Markets are also watching forafter House Speaker Nancy Pelosi’s visit to Taiwan. China, which claims self-ruled Taiwan as part of its territory, banned imports of Taiwanese citrus fruits and frozen fish in retaliation for Pelosi’s visit.
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Wall Street Journal editorial board pens scathing op-ed on the 'Schumer-Manchin tax increase'The Wall Street Journal editorial board published an op-ed Monday that criticized the 'Inflation Reduction Act' which was agreed to by Sen. Joe Manchin (D-WV) last week.
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Forex Today: Wall Street saved the dayWhat you need to take care of on Thursday, August 4: Tensions eased a bit on Wednesday, pushing the greenback down across the FX board ahead of the US
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Wall Street set to open lower as U.S.-China tensions growU.S. stock indexes were set to open lower on Tuesday on concerns that a planned visit by U.S. House of Representatives Speaker Nancy Pelosi to Taiwan could worsen tensions between the United States and China.
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Wall Street dips, dollar gains on economic, geopolitical concerns By ReutersWall Street dips, dollar gains on economic, geopolitical concerns
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Uber revenue soars; Wall Street looks past $2.6 billion lossUber continued to gain momentum in the second quarter with Americans heading back to offices and gross bookings hit an an all-time high as anxiety over COVID-19 eased.
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U.S. SEC addresses Wall Street 'misconceptions' about conflicts of interestThe U.S. Securities and Exchange Commission (SEC) on Wednesday published a staff bulletin that seeks to clarify how broker dealers and investment advisors must address conflicts of interest when providing advice and recommendations to investors.
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