(Reuters) – Wall Street’s main indexes rose sharply on Monday, with the Nasdaq at a fresh intraday record high, as investors cheered signs of progress in COVID-19 vaccine development and an upbeat start to the second-quarter earnings season by PepsiCo. Shares of German biotech firm BioNTech (BNTX.O) jumped 13.9% and Pfizer Inc (PFE.N) climbed 5.4% […]

(Reuters) – U.S. consumers are more optimistic that the worst of the economic crisis sparked by the coronavirus pandemic is behind them, but are still concerned about their earnings and their ability to find new jobs if they become unemployed, according to a survey released on Monday by the New York Federal Reserve. Workers became […]

(Reuters) – U.S. stock index futures rose on Monday as Pepsi kicked off the second-quarter earnings season on a bright note, with a multi-billion dollar semiconductor deal also lifting the mood. Analog Devices Inc (ADI.O) rose 0.9% in premarket trading as it offered to buy peer Maxim Integrated Products Inc (MXIM.O) for $20.91 billion in […]

BOSTON (Reuters) – Private investment firms that manage the fortunes of wealthy individuals and their kin were approved for millions of dollars in taxpayer-funded relief loans designed to help small businesses weather the coronavirus lockdown, according to a review of recently released government data. The companies – often referred to as “family offices” – approved […]

TOKYO (Reuters) – The U.S. dollar started the week with a soft tone on Monday as investors looked to looming economic data from around the world and U.S. corporate earnings to gauge whether the markets’ guarded optimism on the economic outlook is justified. The greenback ended its third week of losses on Friday as investors […]

(Reuters) – Elon Musk’s net worth soared past Warren Buffett on Friday as the chief executive officer of Tesla Inc (TSLA.O) became the seventh richest person in the world, according to the Bloomberg Billionaires Index. Musk’s fortune rose by $6.07 billion on Friday, Bloomberg News said, following a 10.8% jump in the electric carmaker’s stock. […]

LONDON (Reuters) – World stocks and oil prices were faltering on Friday as record-setting new coronavirus cases in several U.S. states led to worries that more lockdowns may be necessary, making a quick economic recovery unlikely. The upcoming second-quarter earnings season, expected to be the worst for Europe and the United States since the 2008/09 […]

TOKYO/NEW YORK (Reuters) – Asian shares and U.S. stock futures fell on Friday as record-breaking new coronavirus cases in several U.S. states stoked concerns that new lockdowns could derail an economic recovery, while investors looked forward to earnings season. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.76%. Australian stocks dropped 0.42%, while Japanese […]

MEXICO CITY (Reuters) – Ford Motor Co on Thursday said new staffing restrictions imposed on plants producing car parts in the Mexican state of Chihuahua were “not sustainable,” the latest sign U.S. automakers are still reeling from coronavirus lockdowns in Mexico. Mexico is a key part of a wider international supply chain crucial to U.S. […]

(Reuters) – The S&P 500 and Dow dropped on Thursday as investors worried about another round of business shutdowns to contain a surge in coronavirus cases and began to shift their focus to earnings, while the Nasdaq hit another record closing high. The United States saw more than 60,000 new COVID-19 infections on Wednesday, setting […]