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Dow tumbles nearly 500 points as Mideast conflict spooks Wall Street

On Monday, the Dow Jones Industrial Average fell more than 500 points, while U.S. Treasury yields rose as traders cut back on bets that the Federal Reserve would ease interest rates. Uncertainty surrounding the Middle East conflict has heightened concerns ahead of the quarterly earnings season and new economic indicators. In afternoon trading, the Dow […]

Wall Street firm Jane Street looks to grow footprint in boost to Financial District

Downtown could get the office leasing breakthrough it's been waiting for by the end of the year. Global trading company Jane Street is set to grow at Brookfield Place, it has been revealed. The electronically driven market mover, which has about 500,000 square feet at 250 Vesey Street, is in talks with landlord Brookfield for […]

Dow, oil rally on Wall Street

Jack Otter and Barron's Roundtable panelists list three things investors should be thinking about next week. -Stock prices rose this week on the back of strong employment data. Oil prices surge due to fighting in the Middle East – Port strike suspended, but final contract details remain unclear -Former President Trump speaks with FOX Business […]

Wall Street Journal: Vance makes better case for Trump than former president

In an op-ed published Wednesday, the Wall Street Journal's editorial board said that Sen. J.D. He claimed that he was claiming that. “Mr. Vance in particular helped himself and the ticket. The cynical candidate for fame as the “childless cat lady” was nowhere to be seen. The Ohio senator was polite, well-prepared, articulate, and relentless […]

Port strike to rock economy, Main Street

SMBC Chief Economist Joe LaBonna spoke on “The Big Money Show” about the impact of extended port closures. More than 45,000 longshoremen are on strike across the East Coast. The International Longshoremen's Association (ILA) and the United States Maritime Alliance (USMX), which represents port employers, are at an impasse in negotiations over the union's demands […]

Status of the US Dollar as Global Reserve Currency: Share Drops to Lowest since 1995. Central Banks Diversify to “Nontraditional” Currencies and Gold – WOLF STREET

However, China's yuan continues to decline. Written by Wolf Richter of Wolf Street. The US dollar, which remains the number one reserve currency held by central banks, continues to slowly lose share to other key currency combinations as central banks diversify their dollar-denominated asset holdings to other currency-denominated assets. There is. And they are also […]

Schakowsky Introduces Bill to Fund Terror-linked UNRWA; J Street Supports

Rep. Jan Schakowsky (D-Ill.) and other “progressive” Democrats have refused to accept U.N. bailouts linked to terrorism, despite the fact that several of their staff members have participated in Hamas terrorist attacks. Introduced legislation to restore U.S. funding to UNRWA. Game against Israel on October 7th. The law is called The UNRWA Funding Emergency Recovery […]