 | | | | Wall Street rallied on Friday, pushing the S&P and the Nasdaq to record closing highs for the fourth time this week, as U.S. Federal Reserve Chairman Jerome Powell's remarks at the Jackson Hole Symposium calmed fears over the tapering timetable and sent investors into the weekend in a buying mood. | | | | | | Wall Street rallied on Friday, with the S&P and the Nasdaq notching record closing highs for the fourth time this week as U.S. Federal Reserve Chairman Jerome Powell's remarks at the Jackson Hole Symposium calmed fears over the tapering timetable and sent investors into the weekend in a buying mood. | | | | | | U.S. Fed Chair Jerome Powell's wait-and-see approach in a much-anticipated address on Friday gave investors and market participants some reassurance that the central bank's extraordinary efforts to prop up the economy were likely to support riskier assets a while longer. | | | | | | A possible merger between storage hardware maker Western Digital Corp with its Japanese partner and chipmaker Kioxia Holdings could create a NAND memory chipmaking giant that rivals Samsung Electronics (005930.KS). | | | | | | Economists have long attributed the decline in U.S. interest rates primarily to the country's aging population, with other factors such as slower growth also playing a role. | | | | | | Walt Disney Co's ESPN is looking to license its brand to major sports-betting companies for at least $3 billion over several years to take advantage of the booming online betting industry, the Wall Street Journal reported on Friday. | | | | | | The U.S. Federal Reserve faces a long slog if it hopes for the country's labor force participation rate to climb back to pre-pandemic levels according to new research identifying a participation "cycle" that typically lags falling unemployment rates by nine months and may move slower this time. | | | | | | Wall Street advanced on Friday as U.S. Federal Reserve Chairman Jerome Powell's remarks at the Jackson Hole Symposium calmed fears over the tapering timetable and sent investors into the weekend in a buying mood. | | | | | | The Biden administration, which was criticized this week for approving licenses for auto chips for Huawei, said it has not changed the policy on restricting sales of goods and technology to the Chinese company that was put in place during the Trump presidency. | | | | | | Electric vehicle maker Rivian said it has confidentially filed paperwork with regulators for an initial public offering, setting the stage for a blockbuster year-end market debut as it looks to tap into a red-hot IPO market in the U.S. | | | | | |
