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10 May 2024 20:24
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      Home > News > Business

    Wall Street has climbed to record highs, with major indexes turning in their strongest weekly gains since August

    Wall Street has climbed to record highs, with major indexes turning in their strongest weekly gains since August


    Strong US housing data and signs of resilience in the Chinese economy have raised hopes of a rebound in global growth.

    Market sentiment brightened after the US and China sealed a Phase 1 trade deal, pausing an 18-month tariff dispute.

    And US homebuilding surged to a 13-year high in December, suggesting the housing market recovery was back on track amid low mortgage rates.

    © 2024 Newstalk ZB, NZCity

     Other Business News
     10 May: The Warehouse Group's shopping website - The Market dot com - has failed to find a buyer, and will close in June
     10 May: Facebook New Zealand's reporting a rise in profit -- which is a fraction of the amount it paid to its Irish arm, over the same period
     10 May: The Energy Minister says we're in for a tight winter
     10 May: A potential power outage is looming in the chilly air
     09 May: Big electricity users are confident they're doing their part to reduce power
     09 May: The Finance Minister is heralding the Government's success at belt tightening - ahead of the Budget
     09 May: The national grid operator wants to spend more than 30 million dollars to upgrade Hawke's Bay's Redclyffe substation - badly hit by Cyclone Gabrielle
     Top Stories

    RUGBY RUGBY
    The Northern Mystics are prioritising Grace Nweke's health and wellbeing above the needs of the team More...

    BUSINESS BUSINESS
    The Warehouse Group's shopping website - The Market dot com - has failed to find a buyer, and will close in June More...


     Today's News

    		 Entertainment:
    Donna Kelce used to worry about money when her sons were training to become footballers 20:15

     Entertainment:
    Jacob Batalon's mentality "hindered" him with his weight and work 19:45

     Entertainment:
    Rebel Wilson hasn't spoken to Isla Fisher since she made her bombshell claims about Sacha Baron Cohen in her memoir 'Rising Rebel' 19:15

     Rugby:
    The Northern Mystics are prioritising Grace Nweke's health and wellbeing above the needs of the team 18:57

     Entertainment:
    Henry Winkler wasn't "acknowledged as a human being" by his parents 18:45

     Cricket:
    Former Black Caps batter Colin Munro has retired from international cricket with a heavy heart 18:37

     Politics:
    Orica boss warns Future Gas Strategy leaves local manufacturing at risk without guaranteed lower prices 18:17

     Entertainment:
    Keith Urban tries to "impress" his wife Nicole Kidman with his concerts 18:15

     Law and Order:
    Two vape store robberies and a chase have led to three youth arrests in South Auckland 18:07

     Law and Order:
    Police say more gang members could be around Auckland's Ponsonby Road this weekend 17:47

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