Wall Street ends lower, prospect of rate cuts recedes

2023-05-03 20:01:27 The New York Stock Exchange ended lower on Wednesday, scalded by the president of the American central bank (Fed) Jerome Powell, who ruled out any cut in rates in the short term, after the institution proceeded to a new increase. The Dow Jones returned 0.80%, the Nasdaq index fell 0.46% and the broader … Read more

New York Stock Exchange: Dow closes down 270.29 points | RYT9

2023-05-03 23:30:37 The Dow Jones New York Stock Exchange closed lower on Wednesday (May 3) after comments by Federal Reserve Chairman Jerome Powell left investors uncertain. Will the Fed continue to raise interest rates? The Dow Jones Industrial Average closed at 33,414.24 points, a decrease of 270.29 points or -0.80%, the S&P 500 index closed … Read more

Chinese airlines will be allowed to expand their flights to the US

2023-05-03 22:55:32 Chinese airlines will be allowed to expand their flights to the US, in a small concession from Washington to Beijing that comes as the two countries struggle to stabilize their turbulent relationship. The Department of Transportation on Wednesday issued an order allowing Chinese carriers to boost their weekly round-trip flights from eight to … Read more

“World Markets Anticipate US Central Bank’s Rates Decision and Its Impact on Stocks and Oil Prices”

2023-05-03 22:10:00 (Photo: The Canadian Press) MARKET REVIEWS. The world markets are awaiting the US central bank’s conclusion on its rates with some assurance, hoping that a pause in its monetary tightening campaign will be announced for the next few months. Stock market indices at 7:30 a.m. The futures contracts Dow Jones rose by 43.00 … Read more