NEW YORK (Reuters) - Wall Street advanced in heavy trading on Friday, with the S&P 500 and the Dow closing the book on their best June in generations, ahead of much-anticipated trade talks between U.S. President Donald Trump and Chinese counterpart Xi Jinping at the G20 summit now underway in Japan. All three major U.S. stock indexes gained ground at the close of the week, month, quarter and first half of the year, during which time the U.S. stock market has had a remarkable run. The S&P 500 had its best June since 1955. The Dow posted its biggest June percentage gain since 1938, the waning days of the Great Depression. From the start of 2019, after investors fled equities amid fears of a global economic slowdown, which sent stock markets tumbling in December, the benchmark S&P 500 jumped 17.3%, its largest first-half increase since 1997. “The market came to the realization that the world is not going to end,” said John Ham, financial adviser at New England … [Read more...] about Wall Street wraps up its best June in decades as G20 convenes
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Sections SEARCH Skip to content Skip to site index Subscribe Log In Log In Today’s Paper DealBook | DealBook Briefing: Big Tech’s Antitrust Reckoning Is Coming Advertisement DealBook Supported by June 3, 2019 Good Monday morning. (Was this email forwarded to you? Sign up here .) It’s Apple Day today — more on what to expect below. Regulators kick off battles with Big Tech Google and Amazon have thrived over the years as American regulators largely kept their distance. That may be changing, the NYT reports. Regulators are getting tactical. The two federal agencies that handle antitrust issues are divvying up oversight of two dominant tech companies: Unnamed sources say that the Justice Department is taking Google and the Federal Trade Commission is handling Amazon. • “With Amazon, some consumer groups and vendors have complained that its powerful e-commerce platform edges … [Read more...] about DealBook Briefing: Big Tech’s Antitrust Reckoning Is Coming
Sections SEARCH Skip to content Skip to site index Log In Subscribe Log In Today’s Paper DealBook | DealBook Briefing: JPMorgan Has Its Own Cryptocurrency DealBook Supported by Feb. 14, 2019 Good Thursday morning. (Was this email forwarded to you? Sign up here .) Say hello to JPM Coin JPMorgan Chase this morning announced the first cryptocurrency to be rolled out by a major U.S. bank. How will it be used? The new tokens, each of which represents a U.S. dollar, will help settle some payments between the bank’s clients. CNBC reports that the new digital coin will enter testing “in a few months.” It will facilitate a “tiny fraction” of its wholesale payments business. What’s the point? “Money sloshes back and forth all over the world in a large enterprise,” Umar Farooq, the head of JPMorgan’s blockchain projects, told CNBC. “Is there a way to ensure … [Read more...] about DealBook Briefing: JPMorgan Has Its Own Cryptocurrency
The Daily Mail newspaper's Money Mail section is 50 years old today, here This is Money's sister publication delivers 50 money-saving tips to make you richer Money Mail was launched 50 years ago today to help families make their cash work harder. To celebrate we've compiled 50 of our favourite tips and tricks to help you save. From parking your car on a stranger's driveway to never going into a pound shop, there's something for everyone, whatever the size of your wallet. Just don't forget to haggle. Money Mail was launched 50 years ago today to help families make their cash work harder 1. Barter with insurers Never accept the first insurance renewal quote for household or car insurance. First, check comparison sites (and remember that some insurers, including Aviva, don't appear on them). You can use This is Money's insurance finders powered by MoneySupermarket to compare home and car insurance. Once fully armed with cheaper … [Read more...] about 50 brilliant money-saving tips to make you richer
Sections SEARCH Skip to content Skip to site index Log In Subscribe Log In Today’s Paper DealBook | DealBook Briefing: The Fed’s Reversal Soothes Wall St. DealBook Supported by Jan. 31, 2019 Good Thursday morning. (Was this email forwarded to you? Sign up here .) A surprise shift from the Federal Reserve In a sharp reversal of the stance it took just week ago, the Fed’s chairman, Jerome Powell, said yesterday it had “the luxury of patience” in deciding whether to raise rates again, writes the NYT’s Binyamin Appelbaum. The news: The Fed left its benchmark interest rate unchanged, a decision that was widely expected. What surprised markets was the indication that rates, which are in a range of 2.25 percent to 2.5 percent, would stay put for some time. The reaction: Mr. Powell’s comments soothed Wall Street, sending stocks higher, something President Trump cheered on Twitter. … [Read more...] about DealBook Briefing: The Fed’s Reversal Soothes Wall St.