U.S. chip funding could result in seven to 10 new factories -officials
U.S. Commerce Secretary Gina Raimondo said on Monday a proposed $52 billion boost in U.S. government funding for semiconductor production and research could result in seven to 10 new U.S. factories.
What you need to know about the coronavirus right now
Here’s what you need to know about the coronavirus right now.
Shell to sell interest in Deer Park refinery to partner Pemex
Royal Dutch Shell (RDSa.L) agreed on Monday to sell its controlling interest in a Texas refinery to partner Petroleos Mexicanos (Pemex) for about $596 million, the latest move by the European oil major to cut its global refining footprint.
Investor opposition to U.S. CEO pay at its highest ever -report
Investors have rejected a record number of executive compensation plans in non-binding votes of U.S.-listed companies this year, objecting to pay rises and the easing of performance targets in the wake of the COVID-19 pandemic, according to an analysis by consulting firm ISS Corporate Solutions.
Goldman’s new director makes its board almost half female
Goldman Sachs Group Inc (GS.N) said on Monday that media lawyer Kimberley Harris would become its newest board member, a move that means nearly half of the Wall Street bank’s board of directors will be women.
Global property markets ready to soar this year
Residential property markets in major economies will soar this year on huge monetary and fiscal support and amid a recovery from the pandemic, according to Reuters polls, which showed risks for prices skewed to the upside.
Lordstown Motors says 2021 production will be half of expectations
Lordstown Motors Corp (RIDE.O) said on Monday that 2021 production of its Endurance truck will be half of prior expectations and that the electric vehicle startup needs additional capital to execute its plans, sending shares down 9.5% in after-hours trading.
Wall Street climbs on tech gains as U.S. Treasury yields dip
U.S. stocks climbed on Monday, with both the S&P 500 and Nasdaq jumping more than 1% as a retreat in U.S. Treasury yields helped lift expensive stocks in sectors such as technology as investors attempt to gauge the path of inflation.
Oil prices up over $1 amid potential Iran talks hitch
Oil prices rose on Monday as a potential snag emerged in reviving the 2015 Iran nuclear deal that could add more oil supply, while Goldman Sachs said the case for higher prices remains intact even with increased Iran exports.
Analysis: The Fed thinks it can have it all: strong economy, job growth, stable inflation
Tension between sticky job markets and rising prices could pose a growing problem for U.S. Federal Reserve officials who have staked an aggressive monetary policy on the belief they can avoid a conflict between returning U.S. employment to pre-pandemic levels and keeping inflation under control.
