Apple becomes first company to hit $3 trillion market value, then slips
Jan 3 (Reuters) – Apple Inc (AAPL.O) on Monday became the first company to hit a $3 trillion stock market value, before ending the day a hair below that milestone, as investors bet the iPhone maker will keep launching best-selling products as it explores new markets such as automated cars and virtual reality. On the first day […]
Analysis: U.S. retailers may pay the price for ‘extended’ holiday return season
Major U.S. retailers’ longer return policies, launched during the pandemic this year to lure consumers, could leave them facing much higher costs if shoppers bring back a record-setting $112 billion in gifts bought during the extended holiday shopping season.
India’s market regulator tightens stock market listing rules
India’s market regulator on Tuesday strengthened rules for companies going public, potentially slowing some planned new issues, as it seeks to protect retail investors after a record year of Initial Public Offerings (IPOs).
Analysis: New Xinjiang chief expected to maintain policies, boost economic focus
China’s change of leadership in Xinjiang could indicate greater emphasis on economic development in the region, experts said, although its security crackdown targeting minority Muslims is unlikely to see a significant change in direction.
EXCLUSIVE Activist Jana Partners pushes Encompass Health on potential merger
Activist investment firm Jana Partners wants Encompass Health (EHC.N) to re-engage with interested third parties on a potential merger for its home health and hospice business before moving forward with a planned spin-off of the unit, sources familiar with the matter said on Tuesday.
Analysis: Biden’s regulatory agenda to take shape in 2022
Next year will be a turning point for U.S. financial policy as Democratic President Joe Biden’s new regulators ready a slew of rule changes that are set to create headaches for Wall Street and corporate America.
EXCLUSIVE California commission claims retailers violating plastic bag law
Big retailers are breaking California law and misleading consumers by selling plastic shopping bags bearing language and symbols that falsely suggest the bags can be recycled, a state-appointed commission alleged this month.
Dollar inches up in thin holiday trading
The dollar firmed slightly in early Asian trade on Wednesday as a recent rally in shares showed signs of petering out, but holiday-thinned trading meant markets were showing little real direction.
Analysis: Financial literacy or luck? The year small-time traders made a big impact
In May, San Diego-based Emily was feeling flush from a year of double-digit gains earned from trading stocks. Equity options, which some fellow stay-at-home investors were dabbling in, would juice up her returns, she decided.
Exclusive: America’s least-vaccinated states led in-store holiday shopping
American shoppers flocked to brick-and-mortar stores this holiday season, with especially strong sales in several states where the rate of full vaccinations against the COVID-19 virus is less than 60%, according to an analysis of Mastercard SpendingPulse holiday sales data.
