In this article M People walk past a Macy’s store in a Manhattan shopping district on August 12, 2020 in New York City. Spencer Platt | Getty Images Macy’s on Tuesday reported a surprise profit, as stimulus checks and the ongoing Covid vaccine rollout gave consumers more money and greater confidence to head back to
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What you need to know on Monday, May 24: The greenback recovered on Friday, ending the week mixed across the FX board. The American appreciated following upbeat US data and comments from Federal Reserve officials suggesting a sooner rather than later discussion on tapering amid signs of heating inflation. On Friday, Atlanta Federal Reserve President
UK FTSE 100 lower on the week The European major indices are ending the day mostly higher. The snapshot of the provisional closes are showing: German DAX, +0.4% France’s CAC, +0.7% UK FTSE 100 , flat Spain’s Ibex, +0.8% Italy’s FTSE MIB, +1.0% For the week, the UK FTSE 100 felt modestly. The other major indices were higher: German DAX, +0.14% France’s
Press Sec. Psaki Pres. Biden meeting this afternoon with GOP on infrastructure Put forth a reasonable counteroffer WH offered a counter proposal on infrastructure from $2.25 trillion to $1.7 trillion Counteroffer reflects the view that Republican offer excludes proposals that are key to US growth Pres. Biden remains opposed to gas tax, user fees, raising taxes on
Gold prices inched lower on Friday as the dollar rebounded after robust U.S. manufacturing data, although bullion was still on track to register a third straight weekly gain. Spot gold eased 0.1% to $1,876.42 per ounce by 1:43 p.m. EDT (1743 GMT) but prices were headed for a 1.9% weekly gain, helped by subdued U.S.
Fresh waves of Covid-19 cases in major manufacturing hubs in Asia could hit global supply chains — and that could cause inflation to rise quicker in the U.S., a business consultant said Wednesday. Japan, South Korea, Taiwan and Vietnam are among Asian manufacturing economies that have reported a renewed Covid outbreak in the last few
In this article M Jeff Gennette, CEO of Macy’s. Getty Images Macy’s said Tuesday that the huge sales gains it posted in the first quarter aren’t a fluke. “We don’t see this as a short-term pop,” Chief Executive Jeff Gennette said during an earnings conference call. “There are pent-up demand opportunities … that give us
Bitcoin tumbles again as China intensifies crackdown Equity markets fall modestly on Friday as big tech retreats but data remains supportive Fed now flips from behind the curve to thinking about being ahead A tumultuous week but not on Wall Street. Crypto and in particular Bitcoin was the narrative spreading across trading screens this week
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CFTC commitments of traders: EUR long back up to 100K Coming Up! Title text for next article LON +1 SDNY+11 NY -4 TYO +9 GMT Weekly forex futures positioning data from the CFTC for the week ending May 18, 2021 EUR long 100K vs 94K long last week. Longs increased by 6K GBP long 25K
NEW YORK: Oil prices jumped 2% on Friday after three days of losses, driven higher as a storm formed in the Gulf of Mexico, but were on track for a weekly fall as investors braced for the return of Iranian crude supplies after officials said Iran and world powers made progress a nuclear deal. Brent
While Fed minutes started to prepare the markets for discussion on tapering in the coming months, Dollar wasn’t give much support. It has indeed ended as one of the worst performers for the week, just next too New Zealand and Australian Dollar. On the other hand, Swiss Franc and Yen ended as the strongest ones.
The procession of Americans heading to the unemployment line fell last week, with jobless claims totaling a fresh pandemic-era low of 444,000, the Labor Department reported Thursday. Economist surveyed by Dow Jones had been expecting 452,000 new claims as the jobs picture improves thanks to an accelerated economic reopening across the country. The total represented
In this article HD Customers wearing protective masks wait to check out at a Home Depot store in Pleasanton, California, U.S., on Monday, Feb. 22, 2021. David Paul Morris | Bloomberg | Getty Images Home Depot on Tuesday crushed Wall Street’s earnings estimates as consumers’ splurging on their homes lingers more than a year into