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...US stocks fell sharply after the New York opening bell, as investors responded to the latest set of data on the world’s biggest economy....
...New York Police Department officers moved in on the NYU protesters at about 8.30pm, after a deadline for people to clear an area of the campus passed earlier on Monday....
...Edgar Allan Poe would have struggled today to recognise the rural calm he sought when renting a modest home outside New York in 1846 for the last four years of his brief, turbulent but productive life....
...Bank of America’s profits fell 18 per cent in the first quarter, dragged down by a jump in potential loan losses and additional expenses tied to last year’s regional banking crisis....
...Some of the biggest losers in the S&P index included Nvidia, down 7.1 per cent today, and Facebook parent Meta, down 4.1 per cent....
...The pace of new home construction in the US fell in March to its lowest level since August 2023, but low inventory of existing homes continued to underpin demand for new builds....
...The decline in its share price also came after a New York Times report said the US aviation regulator was investigating whistleblower claims about safety issues in the production of Boeing’s 787 Dreamliner...
...It was founded in New York City on 26 October 1955 by a trio of left-wing veterans rooted in the counterculture, including Norman Mailer....
...The Russian advance threatens defensive lines hastily raised by Ukrainian forces after the fall of Avdiivka, 15km south-east of Ocheretyne, in February....
...Shares in New York Community Bank, which last year bought the failed Signature Bank in a government-assisted deal, plunged as much as 45 per cent on Wednesday morning, after it reported a surprise fourth-quarter...
...Group profits in the quarter were hit by a $5.8bn impairment charge related to its plan to close underperforming Village MD clinics....
...Despite the monthly decline, Joanne Hsu, University of Michigan’s survey of consumers director, said “consumers perceived few changes in the state of the economy since the start of the year” and “appear...
...The policy-sensitive two-year Treasury yield was up 0.06 percentage points to just under 5 per cent by the mid-afternoon in New York, while the 10-year yield was up 0.05 percentage points to 4.71 per cent...
...US toymaker Hasbro beat profit expectations and posted a smaller than expected fall in revenues in the first quarter as it executes a turnaround in the face of weak consumer demand....
...Its 5.5 per cent weekly loss was its biggest since late 2022, and its fourth in a row, the longest run since the 4 final weeks of 2022....
...Trump Media and Technology Group shares were down more than 20 per cent at midday in New York — falling below its $49.95 price recorded the day before the merged company began to trade last week....
...Overall, almost three-quarters of the S&P 500’s constituents fell, with pharmacy operator Walgreens Boots Alliance the worst performer with a 9.9 per cent drop....
...Yields rise as prices fall....
...Wall Street’s benchmark S&P 500 was down 0.5 per cent at the end of the day, while the technology-heavy Nasdaq Composite closed 0.6 per cent lower....
...The company’s shares closed 15.8 per cent lower on Friday, its biggest fall since March 2020....
...Bond yields rise as prices fall. An index tracking the dollar against a basket of six other currencies was up 0.3 per cent on the day, trimming gains seen before the latest CPI release....
...Core PCE, the Federal Reserve’s preferred measure of underlying price pressures, remained at 2.8 per cent, compared with an anticipated fall to 2.7 per cent....
...Peace and Justice was a protest against nuclear weapons and military violence based at the Seneca Army Depot in upstate New York....
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