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TowneBank grows market share via M&A
TowneBank is once again the leader in the Hampton Roads banking market, holding a nearly 30% share as of June 2024. That’s set to grow quickly. Towne’s $203 million acquisition of Norfolk-based Old Point National Bank of Phoebus and its parent company closed in September. In August, TowneBank announced it plans to ac[...]
Wall Street rises as tech stocks rebound ahead of jobs data
NEW YORK (AP) — Wall Street ticked higher on Monday as technology stocks recovered some of their losses from late last week. The S&P 500 added 0.3%. The Dow Jones Industrial Average rose 68 points, or 0.1%, and the Nasdaq composite climbed 0.5%. All three are near their all-time highs set a week ago. Big Tech stocks tic[...]
Dollar set for second straight week of gains after data shows US economic resilience
NEW YORK (Reuters) -The dollar edged lower but was still on track for the second straight week of gains against major peers on Friday after data continued to show U.S. economic resilience, which might complicate the Federal Reserve‘s efforts to cut interest rates. The dollar was down 0.1% to 149.65 against the Japanese yen[...]
Wall Street holds near its record heights
U.S. stocks eased Tuesday after record highs, with Nvidia slipping and gold prices soaring past $3,800 amid Fed rate-cut expectations.
US stocks drift toward more records following Wall Street’s relentless rally
U.S. stocks edge higher as the S&P 500, Dow and Nasdaq aim for fresh records, boosted by Nvidia’s OpenAI deal and Oracle’s TikTok prospects.
Wall Street edges higher as markets eye record week
Wall Street opened slightly higher Friday as Nvidia and Intel extend gains, while FedEx and Lennar earnings move individual stocks.
StubHub shares slip 2% in Wall Street debut
NEW YORK (AP) — StubHub received a lackluster reception on Wall Street Wednesday. The ticket marketplace’s stock fell 6.4% from its initial public offering price of $23.50 per share on its first day of trading. The company’s shares are trading on the New York Stock Exchange under the symbol “STUB.” StubHub [...]
Wall Street coasts toward the finish of its best week in the last 5
NEW YORK (AP) — Wall Street is coasting toward the finish of its best week in the last five on Friday as U.S. stocks hang near their record levels. The S&P 500 was mostly unchanged from the all-time high it set the day before. The Dow Jones Industrial Average was down 204 points, or 0.4%, as […]
US inflation worsened last month as the cost of gas, food and airfares jumped
WASHINGTON (AP) — Inflation rose last month as the price of gas, groceries, hotel rooms and airfares rose, along with the cost of clothes and used cars. Consumer prices increased 2.9% in August from a year earlier, the Labor Department said Tuesday, up from 2.7% the previous month and the biggest increase since January. Exclud[...]
Klarna IPO surges 30% in NYSE debut, raises $1.37 billion
Klarna’s IPO raised $1.37B as shares jumped 30% in their NYSE debut, marking the year’s biggest listing and boosting co-founders to billionaire status.
Stocks hang near their records as hopes for rate cuts underpin markets
U.S. stocks hovered near record highs Tuesday as expectations grew that the Federal Reserve will cut interest rates at its upcoming meeting.
Stocks tick higher after Wall Street flirts with another record
NEW YORK (AP) — Stocks drifted higher on Monday ahead of a week with several data reports that could dictate by how much or even whether the Federal Reserve will cut interest rates at its next meeting in a week. The S&P 500 added 0.2% and finished just below its record set last week. The Dow Jones Industrial Average [...]
