The Federal Reserve will have to support the economy because the recovery from the coronavirus pandemic “will be slow,” a top official at the central bank said Friday. “There’s more pain we need to support the economy,” Loretta Mester, president of the Cleveland Fed, told CNBC’s Steve Liesman during an …
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Futures tied to key U.S. stock benchmarks were flat in trading overnight Thursday as Wall Street tries to build on its record-breaking rally. The futures of the Dow Jones Industrial Average received just 30 points. The S&P 500 futures and the Nasdaq 100 futures were not much changed. The S&P …
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Fans gather at Ulta Beauty in Houston to greet Kylie Jenner at the launch of her cosmetics line on November 18, 2018 in Houston, Texas. Rick Kern | Getty Images Check out the companies that make headlines after the call: Ulta Beauty – Shares of Ulta Beauty soared 18% in …
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The New York Stock Exchange has won the approval of regulators to allow companies new shares through direct listings, creating a cheaper alternative to the traditional first public offering. The Securities and Exchange Commission said Wednesday night in an order that it approved a new type of direct listing where …
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People wear their face masks waiting in line for an emergency food distribution at 88th Street Temple Church of God in Christ on April 14, 2020 in Los Angeles, California, during the coronavirus pandemic. Frederic J. Brown | AFP | Getty Images The number of Americans who first filed for …
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