Tag Archives: Declines

(Adding details from the hearing, background) By Arpan Chaturvedi NEW DELHI, Jan 4 (Reuters) – An Indian tribunal on Wednesday declined a request by Google to block an antitrust ruling that ordered the tech giant to change its approach to its Android platform, dealing the U.S. firm a setback in a key growth market. In October, the Competition Commission of India (CCI) fined Alphabet Inc’s Google $161 million for exploiting its dominant position in markets such as online search and the Android… Source link

(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window) * Tech, consumer discretionary pare back gains * Casinos jump as Macau allows tour groups after nearly 3 years * Indexes down: Dow 1.06%, S&P 0.99%, Nasdaq 0.53% (Adds comments, updates prices throughout) By Shreyashi Sanyal Sept 26 (Reuters) – Wall Street’s main indexes extended declines on Monday as investors continued to fret about the Federal Reserve’s aggressive policy tightening and its impact… Source link

The coldest end to a match at the US Open came at Court 17 on Thursday, where Victoria Azarenka of Belarus defeated Ukrainian player Marta Kostyuk in straight sets, 6-2, 6-3. As the second-round match concluded, Kostyuk approached the net and only offered her racket to the celebrating Azarenka, who obliged with a quick tap with her own racket before the pair shook hands with the chair umpire. It was a quick moment, but a prime example of how the war in Ukraine is still being felt in the sports… Source link

Aliyah Boston said no to ESPN. The South Carolina women’s basketball star who won a national championship and was named unanimous National Player of the Year and Final Four Most Outstanding Player in 2022 has declined an invitation from the network to appear at the ESPY Awards, its annual summer showcase ceremony awarding top athletes, teams and moments from the sports year. Boston turned down the invitation that arrived after she was initially not included among the nominated athletes invited… Source link

Mortgage rates are back up again following two weeks of declines that did little to boost homebuyer demand. The rate on the 30-year fixed mortgage jumped to 5.51% from 5.30% the week prior, according to Freddie Mac. While lower than the 5.81% registered in late June, the average rate is still more than 2 percentage points higher than the beginning of the year. Rates add to the challenging affordability conditions homebuyers are facing that include persistently high inflation and now newfound… Source link

Washington Commanders owner Daniel Snyder is apparently ducking the U.S. Congress. Snyder refused to accept the service of a subpoena to appear before the House Oversight and Reform Committee, a spokesperson said in a statement on Monday. Snyder had previously declined to appear before the committee, which prompted it to issue a subpoena to try and compel him to do so. Snyder’s attorney declined to accept the subpoena on Friday on behalf of Snyder, according to The Athletic. “Mr. Snyder has… Source link

A housing bubble requires both a rush of speculators entering into the market and “overvalued” home prices. Oh, and the bust at the end, of course. Unlike the housing bubble that popped in 2008, the pandemic housing boom isn’t underpinned by a frenzy of speculation, Moody’s Analytics chief economist Mark Zandi says. While home flipping has certainly ticked up during the pandemic, he says, we aren’t seeing the exuberance of the last bubble. So is the coast clear? Well, not so fast. While… Source link

Stock futures jumped Wednesday morning as traders awaited the Federal Reserve’s latest monetary policy decision and updated economic projections later in the day. More positive developments on the outlook for Russia-Ukraine talks also helped boost U.S. and global equities. Contracts on the S&P 500, Dow and Nasdaq were each higher by more than 1% in pre-market trading. These moves built on gains from Tuesday, when the S&P 500 closed higher by more than 2% to shake off some of the volatility… Source link

Stock futures opened lower Tuesday evening following another volatile session on Wall Street. Concerns over the impact that the punitive measures countries and companies have taken against Russia have weighed on U.S. equity markets. The S&P 500 dropped another 0.7% on Tuesday to bring its year-to-date losses to 12.5%. The Dow shed more than 0.5% to sink further into a correction, while the Nasdaq Composite extended losses after sliding into a bear market earlier this week. President Joe… Source link

Stock futures dipped Thursday evening to add to earlier losses across the three major indexes, with jitters over a swift tightening of financial conditions increasing on the heels of a multi-decade high print on inflation. Contracts on the S&P 500 fell. The index slid by 1.8% earlier on Thursday and the Nasdaq dropped 2.1%, as technology shares came under pressure while Treasury yields spiked. The benchmark 10-year yield broke above 2% for the first time since August 2019. Stocks sold off and… Source link