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 […]
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 […]
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 […]
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 […]
Tesla lifts S&P 500 ahead of tech earnings wave
(Reuters) – The S&P 500 and Nasdaq climbed on Monday, fueled by Tesla ahead of the electric car maker’s quarterly report, which kicks off this week’s results from several heavyweight […]
Boeing, travel stocks pull Wall Street lower as virus cases rise
(Reuters) -Wall Street’s main indexes fell for a second straight day on Tuesday as a spike in coronavirus cases globally hit travel stocks, while Boeing slid on the unexpected departure […]
U.S. Treasury names green financier to climate 'czar' post, disappointing activists
WASHINGTON (Reuters) -The U.S. Treasury on Monday named climate change financial adviser John Morton to head the department’s new “climate hub,” disappointing activists who had sought a strong regulator to […]
Wall Street slips off record highs, Tesla drops after fatal crash
NEW YORK (Reuters) -U.S. stocks closed lower on Monday, slipping from last week’s record levels, as investors awaited guidance from first-quarter earnings to justify high valuations, while Tesla Inc shares […]