(Reuters) – Wall Street’s main indexes rose on Tuesday on gains in Apple and healthcare stocks, even though concerns around a surge in the Delta variant of the coronavirus took some shine off an upbeat corporate earnings season. Ten of the 11 S&P indexes traded higher, with energy stocks rebounding after getting hit by a […]
(Reuters) -The S&P 500 rose on Tuesday on gains in Apple and healthcare stocks, even though concerns around a surge in the Delta variant of the coronavirus took some shine off an upbeat corporate earnings season.FILE PHOTO: A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York […]
The global car market is rebounding strongly despite shortages of key components like semiconductors. That was the message Tuesday from German carmaker BMW and Stellantis, which owns Jeep, Peugeot and Fiat, as both reported large increases in profit. BMW said it made a net profit of 4.8 billion euros, or $5.7 billion, in the second […]
FILE PHOTO: A sign is displayed on the Morgan Stanley building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson(Reuters) – Dutch criminal authorities have asked for documents concerning whether a Dutch unit of Morgan Stanley accurately reported its taxes and properly maintained its books and records from 2007 to 2012, the U.S. bank said […]
FILE PHOTO: Federal Reserve Board building is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis(Reuters) – Federal Reserve Governor Christopher Waller on Monday said the U.S. central bank could start to reduce its support for the economy by October if the next two monthly jobs reports show employment rising by 800,000 to 1 million, […]
Foot Locker Inc. is making a $1.1 billion post-pandemic play — jumping into the ultra-hip Japanese sneakerhead scene with a deal to acquire Atmos and tapping into the growing U.S. Latine market by scooping up WSS. While the pandemic isn’t over, retailers of all stripes have retooled over the past year and a half and […]
States can allocate some of the $10 billion in federal funding for struggling homeowners to help people who bought their residences with nontraditional home loans, according to Treasury Department officials. Guidance issued on Monday for the new Homeowners Assistance Fund allows states to provide financial aid to qualified residents who face foreclosure on a loan […]
HONG KONG (REUTERS) – HSBC Holdings beat forecasts on Monday (Aug 2) with first-half pretax profit that more than doubled from last year when it set aside US$7 billion (S$9.48 billion) to cover pandemic-related bad loans. Encouraged by an economic rebound in its two biggest markets of Hong Kong and Britain, HSBC reinstated dividend payments, […]
NEW YORK (Reuters) – U.S. stocks fell on Friday and registered losses for the week as Amazon.com shares dropped after the company forecast lower sales growth, but the S&P 500 still notched a sixth straight month of gains.FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange in New York, October […]
NEW YORK (Reuters) – U.S. stocks fell on Friday and registered losses for the week as Amazon.com shares dropped after the company forecast lower sales growth, but the S&P 500 still notched a sixth straight month of gains.FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange in New York, October […]