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US stocks erased their 2020 losses on Monday, boosted by optimism that the US economy is poised for a quicker-than-expected comeback after being brought to a near standstill by the coronavirus pandemic. The Dow Jones industrial average rose 461.46 points, or 1.7 percent, to close at 27,572.44, building on Friday’s 829-point rally fueled by a …
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US stock indexes jumped on Friday, with the Nasdaq less than 1 percent away from a record high, after a closely watched report showed surprise job additions in May, lending weight to hopes of a faster economic rebound from a coronavirus-led slump. Data from the Labor Department showed nonfarm payrolls rose by 2.509 million jobs …
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The long and murky relationship between Jeffrey Epstein and Deutsche Bank has caught the attention of New York regulators. Months of investigation by the New York’s financial watchdog agency, the Department of Financial Services, may spur a punishment of the German lender for its decision to keep the famous sex criminal as a client years …
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Wall Street ended lower on Thursday following a late-session reversal, with Facebook weighing on the market after President Trump said he would sign an executive order related to social media companies and said he would hold a news conference on China on Friday. Stocks had been higher for most of the session as investors continued …
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US stock indexes rose at the open on Wednesday as a pickup in business activity fueled hopes of a post-pandemic economic recovery, but marts later gave up some of their gains as investors remained cautious about brewing US-China tensions. The Dow Jones industrial average rose 303.52 points, or 1.21 percent, at the open to 25,298.63. …
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US stocks surged Tuesday as investors latched onto signs that the economy is thawing out after being frozen by the coronavirus. The Dow Jones industrial average soared as much as 694.97 points, or 2.8 percent, to 25,160.13, trading above 25,000 for the first time since March 10. The S&P 500 also broke through its key …
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The New York Stock Exchange is set to reopen its iconic trading floor Tuesday with new safety measures in place to ward off the coronavirus. The partial reopening will bring an end to the floor’s longest closure ever. It shut down more than two months ago on March 23 after some staffers tested positive for …
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Wall Street bosses continue to crack the whip on junior staffers during coronavirus lockdowns, a viral new e-mail suggests. An e-mail chain making the rounds on Wall Street appears to show a senior banker at PJT Partners reprimanding subordinates for not promptly responding to an email that came in at 3 a.m. “We’re working on …
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Wall Street bonuses for 2020 could fall by as much as 25 percent to 30 percent due to the deep cuts to revenues recorded by banks and hedge funds earlier this year as a result of the novel coronavirus, according to a report published Wednesday by compensation consulting firm Johnson Associates. While most compensation is …
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US stocks posted shaky gains Tuesday as Wall Street nervously tracked states attempting to reopen their economies. The Dow Jones industrial average jumped as much as 160.10 points, or 0.6 percent, to 24,382.09 in early trading before dipping into the red and then recovering. The blue-chip index up 28.79 points, or 0.1 percent, at of …
US stocks erased their 2020 losses on Monday, boosted by optimism that the US economy is poised for a quicker-than-expected comeback after being brought to a near standstill by the coronavirus pandemic. The Dow Jones industrial average rose 461.46 points, or 1.7 percent, to close at 27,572.44, building on Friday’s 829-point rally fueled by a …
