(Reuters) – The S&P 500 and the Nasdaq fell on Monday as investors rotated out of heavyweight technology stocks and moved into lagging growth-linked sectors while awaiting word on progress in the fiscal support bill to support the country’s battered economy. The blue-chip Dow index touched a more than five-month high, boosted by industrial and […]

NEW YORK (Reuters) – Most Wall Street workers can expect to see their bonuses slashed this year and some jobs may be cut, according to a report published Monday by compensation consulting firm Johnson Associates Inc. Banks are struggling to curb rising costs as shutdowns caused by the pandemic have put millions out of work, […]

(Reuters) – U.S. stock index futures were in a flat-to-slightly higher range on Monday as markets looked to executive orders from President Donald Trump over the weekend to support the economy until more concrete stimulus could be passed. The orders, aimed at unemployment benefits and evictions, came after negotiations broke down between the White House […]

HONG KONG (Reuters) – Shares in media company Next Digital (0282.HK) surged more than 340% on Monday as supporters of its chairman Jimmy Lai, a staunch democracy activist, scooped up the stock after he was arrested under Hong Kong’s new national security law. Lai, a critic of Beijing, is the highest profile person to be […]

LONDON (Reuters) – The dollar rose in early London trading on Monday, including versus the euro and Swiss franc, with investors focusing on fiscal stimulus in the United States and U.S.-China tensions ahead of key trade talks on August 15. After talks in Washington over the next round of fiscal stimulus broke down, U.S. President […]

(Reuters) – A key Federal Reserve official told a congressional watchdog on Friday that participation in a $600 billion loan program meant to carry small and medium-sized firms through the coronavirus crisis would expand rapidly if the pandemic or economy worsened. American businesses have tapped only a fraction of the funds available through the Main […]

1/WANTED: AUGUST LIFELINE FOR TOURISM August conjures up images of beaches and sunshine but it may not bring much respite to travel and tourism stocks. Battered by lockdowns, tourism has lagged a broader market recovery, with airline, hotel and leisure shares 20%-50% lower year-to-date. After an uptick since the start of August – Europe’s travel […]

(Reuters) – The S&P 500 was set to pull back from near six-month highs on Friday as data showed a sharp slowdown in U.S. employment growth and President Donald Trump cranked up friction with Beijing with moves to ban WeChat and TikTok. The Labor Department’s closely watched report showed nonfarm payrolls increased by 1.76 million […]

WASHINGTON (Reuters) – Trump administration officials have urged the president to delist Chinese companies that trade on U.S. exchanges and fail to meet U.S. auditing requirements by January 2022, Securities and Exchange Commission and Treasury officials said on Thursday. The remarks came after President Donald Trump tasked a group of key advisers, including Treasury Secretary […]

BUENOS AIRES (Reuters) – Argentina’s $65 billion debt restructuring agreement with bondholders will likely lead to credit upgrades but is far from ensuring the country’s longer-term economic future, rating agencies told Reuters on Thursday. After months of negotiations, Argentina reached an accord with key creditor groups on Tuesday to revamp the debt, after tumbling into […]