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Tag Archives: USA

Huljich loans Pushpay $4 million to fund US growth plans

Pushpay Holdings, the NZAX-listed mobile payment app developer, has secured a $4 million funding line from cornerstone shareholder the Huljich family as it chases earnings growth in the US. Christopher & Banks Private Equity V, an investment vehicle for the Huljich family, have loaned the Auckland and Redmond-based company the cash on “arm’s …

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World Week Ahead: Will the Fed remain patient?

The key focus in the coming days will be how the US Federal Reserve tweaks its monetary policy position, and what that means for the timing of an interest rate increase. Last week, the US dollar continued its ascent in anticipation of a lift in rates, rising to the highest …

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While you were sleeping: Intel, IBM advance

Wall Street rose as gains in shares of Intel and IBM outweighed declines in shares of Chevron and Exxon Mobil, as investors positioned themselves for the end of the year. “It’s going to be pretty tough to divine anything meaningful from the market this week with Christmas coming up on …

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World Week Ahead: Fed-inspired cheer

US Federal Reserve policy makers have helped renew optimism in global equities with their promise to be patient on raising interest rates, triggering a late Santa rally as Christmas approaches. Fed Chair Janet Yellen suggested the central bank will keep key rates near zero at least through the first quarter …

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While you were sleeping: Outlook optimism

Equities on Wall Street gained, along with the US dollar, amid optimism the American economy remains on firm footing after a report showed spending on construction is outpacing forecasts. In afternoon trading in New York, the Dow Jones Industrial Average rose 0.51 percent, the Standard & Poor’s 500 Index gained …

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While you were sleeping: China, US shoppers disappoint

Wall Street fell amid disappointing manufacturing data from China as well as Europe and after a report showed that the start of the US holiday sales season was weaker than expected. China’s manufacturing industry cooled in November, as the official purchasing managers index fell to 50.3, while the HSBC manufacturing …

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While you were sleeping: Equities lift on oil, data

Wall Street rose, pushing the Dow to a record high, as the price of oil rebounded and Republicans won control of the Senate. In afternoon trading in New York, the Dow Jones Industrial Average rose 0.53 percent, the Standard & Poor’s 500 Index gained 0.47 percent, while the Nasdaq Composite …

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While you were sleeping: US consumer gains confidence

Stocks on both sides of the Atlantic advanced amid better-than-expected corporate earnings and US consumer confidence climbing to the highest level in seven years. Focus is also squarely on US Federal Reserve policy makers as they started their two-day meeting. The central bank is expected to end its monthly bond-buying …

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While you were sleeping: US housing recovers

Wall Street advanced, up more than 1 percent, amid better-than-expected data on existing US home sales, and solid corporate earnings including from Apple. In afternoon trading in New York, the Dow Jones Industrial Average rose 1.13 percent, the Standard & Poor’s 500 Index climbed 1.61 percent, while the Nasdaq Composite …

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