WASHINGTON (Reuters) – President Joe Biden on Friday said there was a “long way to go” before the U.S. economy recovers from a pandemic-spurred slump and urged Washington to do […]
Dow hits record, cyclicals rise on jobless claims data
(Reuters) – The Dow Jones Industrial Average hit a record high on Thursday, bolstered by an upbeat weekly jobless claims report, while shares of vaccine makers fell after President Joe […]
Peloton reverses course, decides to recall treadmills after injuries, death
(Reuters) – Peloton announced a recall of its treadmills on Wednesday, reversing course just weeks after saying there was “no reason” to stop using the exercise machines despite reports of […]
ARK Innovation's performance under pressure as tech stocks swoon
NEW YORK (Reuters) – A rotation out of growth and technology stocks and a recent slide in shares of Tesla Inc are weighing on the performance of ARK Innovation, the […]
Nissan sells its Daimler stake, following Renault
Slideshow ( 2 images )FRANKFURT (Reuters) -Japan’s Nissan Motor said on Tuesday it was selling its roughly 1.5% stake in German carmaker Daimler through an accelerated bookbuild offer, following a […]
Treasury's Yellen: Interest rates may need to rise modestly
FILE PHOTO: U.S. Treasury Secretary-designate Janet Yellen in Wilmington, Delaware, U.S., December 1, 2020. REUTERS/Leah Millis(Reuters) -U.S. interest rates may need to rise to prevent the economy from overheating as […]
Lodging startup Sonder agrees to go public via $2.2 billion SPAC deal
(Reuters) -Lodging startup Sonder, which offers refurbished properties for short-term rentals, has agreed to be taken public by a blank-check firm backed by billionaire investors Alec Gores and Dean Metropoulos […]
Gores SPAC to take lodging startup Sonder public in $2.2 billion deal
(Reuters) -Lodging startup Sonder Holdings Inc said on Friday it has agreed to go public through a merger with a blank-check firm backed by billionaire investors Alec Gores and Dean […]
Analysis: U.S. companies are worried about inflation, equity investors less so
NEW YORK (Reuters) – A growing chorus of U.S. companies are raising concerns about the rising costs of everything from labor to components, yet stock investors appear unfazed by the […]
Analysis: U.S. companies are worried about inflation, equity investors less so
NEW YORK (Reuters) – A growing chorus of U.S. companies are raising concerns about the rising costs of everything from labor to components, yet stock investors appear unfazed by the […]