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...The move in yields sent stocks lower: the blue-chip S&P 500 was down 0.8 per cent in mid-morning trade in New York and the tech-heavy Nasdaq Composite had dropped 1.3 per cent....
...The S&P 500 index of blue-chip companies is up more than 9 per cent since the start of the year....
...San Francisco Fed president Mary Daly, meanwhile, will participate in a fireside chat at an event in Las Vegas....
...The S&P purchasing manager’s index, a measure of activity in the private sector, rose to 53.3 in February, up from 52.9 in January and the highest since May 2023....
...So far the rethink on rates has done little to cool stock markets, with the S&P 500 index of blue-chip stocks up 7.4 per cent this year — helped by the strength of the US economy and excitement about the...
...US stocks fell on Friday as traders trimmed their bets on interest rate cuts, with the benchmark S&P 500 falling 0.6 per cent and the tech-heavy Nasdaq Composite down 1 per cent....
...ENB’s longline romantic tutus — white with a hint of mildew — look depressingly like old net curtains....
...In 2022, GM boss Mary Barra was awarded almost $29mn....
...In the stock market, the S&P 500 was down 0.8 per cent in mid-day trade and the Nasdaq Composite dropped 1.3 per cent, pulled lower by tech stocks following Tuesday’s weaker than expected growth forecasts...
...The S&P 500 has hovered just short of its January 2022 record in thin post-Christmas trading before dipping 0.3 per cent on Friday’s last trading day....
...Credit rating agency S&P Global downgraded Ethiopia’s debt to default on December 15 after the initial deadline for payment was missed....
...He added that the issue would become a serious concern to markets “in the next six to 12 months as something that matter[s] a lot”....
...Wall Street stocks continued their ascent on Tuesday, with the S&P 500 adding 0.5 per cent — edging closer to a record high....
...The yields on 10-year German Bunds fell by 0.08 percentage points to 2.04 per cent, the lowest level since March, after S&P said its survey of purchasing managers signalled the fastest decline in business...
...The S&P Corelogic Case-Shiller index of prices covering 20 US cities rose 0.1 per cent in January on a seasonally-adjusted basis from the previous month....
...Ford CEO Jim Farley was paid $20mn in 2022, while GM’s Mary Barra made nearly $29mn. In the same year, Tavares made €23mn....
...Fine Gael has been in government for too long,” Sinn Féin leader Mary Lou McDonald told broadcaster RTÉ. “Another Fine Gael taoiseach is not what the country needs at this time.”...
...In the aftermath of 2022’s gilt market turmoil Stheeman said it was “very notable” how quickly international investor confidence had been restored....
...Still, 17 out of 20 major metro markets reported month-over-month price decreases in December, S&P said....
...Some of the world’s poorest countries also face an additional burden as they repay accumulated debt owed for participating in the G20’s debt service suspension initiative in 2020 and 2021, the exact costs...
...The S&P Merval stock index was up more than 18 per cent in Tuesday morning trading. Shares of state energy firm YPF, which Milei has promised to privatise fully, was up more than 39 per cent....
...US equities were less affected than bonds, with Wall Street’s benchmark S&P 500 down 0.1 per cent and the tech-dominated Nasdaq Composite up 0.2 per cent by midday in New York....
...Wall Street stocks edged higher on Friday, narrowly extending the rally that pushed the Nasdaq Composite and the S&P 500 to close at record highs in the previous day’s trading session....
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