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...The blue-chip S&P 500 closed up 0.9 per cent, at a new record, continuing a rally that has pushed the index 27 per cent higher since October. The Nasdaq Composite gained 1.3 per cent....
...Stocks advanced, with the S&P 500 closing 1.1 per cent higher to recoup almost all of its fall on Thursday that marked the biggest drop since mid-February....
...“These inflation numbers presage a rockier period ahead for the Fed,” said Eswar Prasad, a professor at Cornell University....
...The S&P 500 closed down almost 1 per cent with roughly nine in every 10 stocks losing ground....
...Splits more likely serve as what Brad Cornell, emeritus professor of finance at UCLA, dubs “behavioural catalysts” or what the academic trio call the “attention grabbing hypothesis”....
...US stocks and bond prices moved higher on Thursday, with the S&P 500 gaining 0.5 per cent....
...Economic data: S&P Global publishes US services purchasing managers’ indices and we also get November jobless claims from private sector payroll services provider ADP....
...“This is a clear indication of the pressures they’re facing as they work to stretch their budgets until the next pay cheque,” chief executive Brian Cornell told analysts last week....
...Professor Eswar Prasad at Cornell University says: “In a rapidly fragmenting geopolitical order, the G7 represents a largely unified but now far from dominant block of countries with similar economic and...
...B.O.S.S convinced Tate to double the artists’ prize money, then themselves funded a mobile sound system to leave behind in Coventry....
...Chief executive Brian Cornell admitted that the group faced “unexpectedly high costs”....
...“SVB woke people up to duration risk,” says Nathan Stovall, head of financial institutions research at S&P Global Market Intelligence....
...The US retailer’s shares in May suffered their biggest one-day decline since 1987’s Black Monday stock market crash, losing one-quarter of their value in a single trading session after the company warned...
...Until this week, the S&P 500’s consumer staples sub-index, which includes “big box” retailers such as Walmart along with businesses like pharmacies and food manufacturers, was still roughly unchanged for...
...Doubtless, India’s omission followed a sharp conversation between S. Jaishankar, India’s foreign minister, and Antony Blinken, the US secretary of state....
...A series of conservative laws starting with 1947’s Taft-Hartley Act have given employers more tools to fight unions, and restricted the ways workers’ can organise....
...However, deliveries represented just 30 per cent of Nord Stream 1’s capacity. 3....
...Omarova, a Cornell University professor, has already come under fire from financiers and conservatives....
...Triple-C bond indices (featuring bonds that are “currently vulnerable and dependent on favourable . . . conditions to meet financial commitments” in S&P Ratings’ words) yield only 115 basis points more than...
...Ari Juels, a professor at Cornell Tech, called for switching the cryptomining system from proof of work (PoW) to proof of stake (PoS)....
...The Future of Money: How the Digital Revolution is Transforming Currencies and Financeby Eswar S Prasad, Belknap £28.95/Harvard University Press $35 Digital technologies are also transforming the world...
...Akili Interactive, a Boston-based company that developed a video game-based treatment for children with ADHD, has partnered with Weill Cornell Medicine, NewYork-Presbyterian Hospital and Vanderbilt University...
...Sure, that’s way short of the S&P 500, but pretty solid for a global value fund in a decade dominated by US growth stocks....
...Marion Nestle (no relation), professor emerita at NYU and visiting professor of nutritional sciences at Cornell University, said Nestlé and its rivals would struggle to make their portfolios healthy overall...
...Carnival, the world’s largest cruise company, said bookings for holidays in 2022 were ahead of 2019’s levels, indicating that there is pent-up demand for cruise trips despite its turbulent year....
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