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Wednesday, January 26, 2022
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Business

Wall St drops at open as tech selloff deepens; Fed meeting eyed

Wall Street's main indexes slipped at open on Tuesday (January 25) as a selloff in technology stocks ahead of the Federal Reserve's policy meeting overshadowed upbeat results from blue-chip companies including IBM and 3M.

Wall Street opens lower as Netflix disappoints

Wall Street's main indexes opened lower on Friday (January 21) and were on course for their at least third straight week of declines, after a weak forecast from Netflix sent shares of the streaming company and its...

U.S. inflation surges to record high in four decades

Consumer prices of the United States in December continued to rise with the index growing 7 percent year on year, a record high in almost 40 years, which could push the Federal Reserve to raise interest rates...

US retail sales drop 1.9 pct in December

The United States' retail sales in December dropped by 1.9 percent from the previous month, marking the steepest monthly decline since February, the Commerce Department reported Friday.  E-commerce took the hardest hit with a...

Wall St opens higher as producer prices data eases rate hike fears

Wall Street's main indexes opened higher on Thursday (January 13) after weaker-than-expected producer prices data eased concerns about a faster pace of interest rate hikes from the Federal Reserve, while Delta Air Lines led gains among carriers...

Wall St muted at open ahead of Powell testimony

Wall Street's main indexes were subdued at the open on Tuesday (January 11) ahead of Federal Reserve Chair Jerome Powell's testimony that may offer fresh insight on policy tightening and the central bank's plans to tackle inflation.

Wall Street opens lower as Big Tech tumbles

Wall Street's main indexes opened lower on Monday (January 10) as heavyweight technology stocks dropped on expectations of a high interest rate environment, while big banks extended gains after U.S. Treasury yields climbed to new two-year highs.

Wall Street opens higher as Nike, Micron lead gains

Wall Street's main indexes opened higher on Tuesday (December 21), following a sharp selloff in the previous session, as strong quarterly earnings from Nike and a positive forecast from chipmaker Micron helped lift sentiment.

Elon Musk named Time’s 2021 ‘Person of the Year’

Tesla Chief Executive Officer Elon Musk was named Time magazine's 2021 "Person of the Year" on Monday (December 13). Musk is also the founder and CEO of rocket company SpaceX, and leads brain-chip startup...

Wall Street opens higher on banks, energy boost

Wall Street's main indexes opened higher on Monday (December 6) after declining sharply last week on Omicron and taper fears, with investors favoring banks, energy and economy-linked stocks against technology and growth-heavy shares. The...

Latest News

Houston Public Library Honors Black History Month Through February Events & Programs

HOUSTON - The Houston Public Library (HPL) is proud to present an exciting array of virtual and in-person events,...

Houston Health Department launching $1,000 COVID-19 vaccination incentive program

HOUSTON – The Houston Health Department is launching a new program to encourage more Houstonians to get vaccinated against COVID-19. The 6-week initiative will award...

Life goes on in Kyiv: ‘It’s not the first year of war’

Business owners, poets and shoppers follow their routines in Kyiv, capital of Ukraine despite a possible Russian invasion. Regarded...

U.S. Coast Guard finds one body in search for missing after boat capsizes off Florida

Rescue teams have found one body in their search for 39 people reported missing after their boat capsized off Florida's coast, the...

Man shot during alleged robbery on Nathaniel Street

HOUSTON - A man is recovering in the hospital after he was shot by a suspected robber in the 9200 block of...