Economy

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.

Big banks look for post-pandemic rebound of credit card revenue

Big U.S. banks are prepared for credit-card balances to start ticking up again this year as pandemic restrictions ease and stimulus checks stop arriving, setting up the industry for a bump in one of its most profitable businesses.

EU leaders to debate who will pay for green transition

European Union leaders meet on Tuesday to debate how to split the efforts and costs of the bloc’s shift to a low-carbon future, at a summit that will set the tone for an upcoming revamp of EU climate change policies.

Futures rise as higher oil drives energy stocks

U.S. stock index futures rose on Monday as higher oil prices lifted energy stocks, while S&P 500 futures scaled two-week highs ahead of key inflation readings later this week.

Bitcoin fights back after Sunday sell-off

Cryptocurrencies fought back on Monday, clawing back ground after a bout of weekend selling fuelled by further signs of a gathering Chinese crackdown on the emerging sector.

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.

Big banks look for post-pandemic rebound of credit card revenue

Big U.S. banks are prepared for credit-card balances to start ticking up again this year as pandemic restrictions ease and stimulus checks stop arriving, setting up the industry for a bump in one of its most profitable businesses.

EU leaders to debate who will pay for green transition

European Union leaders meet on Tuesday to debate how to split the efforts and costs of the bloc’s shift to a low-carbon future, at a summit that will set the tone for an upcoming revamp of EU climate change policies.

Futures rise as higher oil drives energy stocks

U.S. stock index futures rose on Monday as higher oil prices lifted energy stocks, while S&P 500 futures scaled two-week highs ahead of key inflation readings later this week.

Bitcoin fights back after Sunday sell-off

Cryptocurrencies fought back on Monday, clawing back ground after a bout of weekend selling fuelled by further signs of a gathering Chinese crackdown on the emerging sector.

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