Economy

Total, Chevron suspend payments to Myanmar junta from gas project

French oil and gas group Total (TOTF.PA) and U.S. energy company Chevron (CVX.N) have suspended some payments from a gas joint venture that would have reached Myanmar’s junta, earning praise from pro-democracy activists for taking an important first step.

Senator Warren attacks JPMorgan’s Dimon over ‘baloney’ overdraft fees

Progressive firebrand Senator Elizabeth Warren on Wednesday attacked JPMorgan Chase & Co (JPM.N) chief executive Jamie Dimon after the country’s largest lender reaped $1.46 billion in overdraft fees during 2020 while borrowers were struggling to make ends meet amid pandemic lockdowns.

Exxon loses board seats to activist hedge fund in landmark climate vote

A tiny hedge fund dealt a major blow to Exxon Mobil Corp on Wednesday, unseating at least two board members in a bid to force the company’s leadership to reckon with the risk of failing to adjust its business strategy to match global efforts to combat climate change.

World stocks to rise modestly, correction unlikely

World stocks will continue to rise this year on robust economic and earnings recoveries but any quickening of inflation would temper that enthusiasm, according to Reuters polls of analysts, a majority of whom said a near-term correction was unlikely.

Wall Street edges up as U.S. bond yields stay tame

U.S. stocks closed out Wednesday’s session with modest gains as recent comments from Federal Reserve officials helped tamp down concerns about runaway inflation and kept bond yields in check.

Total, Chevron suspend payments to Myanmar junta from gas project

French oil and gas group Total (TOTF.PA) and U.S. energy company Chevron (CVX.N) have suspended some payments from a gas joint venture that would have reached Myanmar’s junta, earning praise from pro-democracy activists for taking an important first step.

Senator Warren attacks JPMorgan’s Dimon over ‘baloney’ overdraft fees

Progressive firebrand Senator Elizabeth Warren on Wednesday attacked JPMorgan Chase & Co (JPM.N) chief executive Jamie Dimon after the country’s largest lender reaped $1.46 billion in overdraft fees during 2020 while borrowers were struggling to make ends meet amid pandemic lockdowns.

Exxon loses board seats to activist hedge fund in landmark climate vote

A tiny hedge fund dealt a major blow to Exxon Mobil Corp on Wednesday, unseating at least two board members in a bid to force the company’s leadership to reckon with the risk of failing to adjust its business strategy to match global efforts to combat climate change.

World stocks to rise modestly, correction unlikely

World stocks will continue to rise this year on robust economic and earnings recoveries but any quickening of inflation would temper that enthusiasm, according to Reuters polls of analysts, a majority of whom said a near-term correction was unlikely.

Wall Street edges up as U.S. bond yields stay tame

U.S. stocks closed out Wednesday’s session with modest gains as recent comments from Federal Reserve officials helped tamp down concerns about runaway inflation and kept bond yields in check.

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