Wall Street edges higher on Tesla boost ahead of big tech earnings
Wall Street’s main indexes rose on Monday as Tesla shares gained ahead of the electric-car maker’s earnings report, which would kick off this week’s results from heavyweight technology companies. Tesla Inc (TSLA.O) rose 1.1% as analysts expect the company to report a rise in first-quarter revenue when it reports after markets close following record deliveries during the […]
German prosecutors charge more VW managers in emissions scandal
German prosecutors have charged 15 executives from Volkswagen AG (VOWG_p.DE) and a car supplier in connection with the diesel emissions scandal that emerged in 2015, a spokesman for the prosecutor’s office said on Saturday.
U.S. lawmaker introduces bill to restore FTC ability to get money back from scammers
Representative Tony Cardenas, along with other Democrats, has introduced a bill that would restore the Federal Trade Commission’s ability to force scam artists and deceptive companies to return ill-gotten gains.
U.S. manufacturing, new homes sales underscore booming economy
U.S. factory activity powered ahead in early April, though manufacturers increasingly struggled to source raw materials and other inputs as a reopening economy leads to a boom in domestic demand, which could slow momentum in the months ahead.
For state-owned power utility companies in the Pacific, it’s time to cut the cord
State-owned power companies in the Pacific are increasingly becoming a fiscal risk in part due to their outdated management practices. Reforms are needed to allow them to prosper and perform into the future.
Dubai’s commodities hub plans Gulf’s first blockchain-backed facility
Dubai Multi Commodities Centre (DMCC) plans to create the first precious metals refinery and storage facility in the Gulf region enabled by blockchain technology. The facility will refine and store precious metals including gold, silver, platinum, palladium and rhodium, which will be tokenised on goldexchange.com, a secured trading platform, it said in a statement. As […]
World stocks hit record high as bond yields ease
TOKYO (Reuters) -Global stock markets rose to a record high on Wednesday as bond yields eased after data showed U.S. inflation was not rising wildly as the economy reopens.
Microsoft to buy AI firm Nuance Communications in $19.7 billion deal in healthcare push
(Reuters) -Microsoft Corp said on Monday it would buy artificial intelligence and speech technology firm Nuance Communications Inc in a $19.7 billion deal including net debt, as it seeks to bolster its cloud strategy for healthcare. The deal comes as both companies, which partnered in 2019 to automate clinical administrative work such as documentation, gain […]
Analysis – A tale of two tapers: This time is different for a Fed focused on jobs
WASHINGTON/SAN FRANCISCO (Reuters) – Eight years ago this month Jerome Powell, still in his rookie year as a Federal Reserve governor, surveyed the U.S. job market and declared it was good enough for the central bank to reduce the support for the economy it had rolled out to fight the 2007 to 2009 financial crisis.
Analysis: With quick fixes, Biden’s agencies reverse Trump’s Wall Street-friendly rules
WASHINGTON (Reuters) – U.S. President Joe Biden’s interim regulators are wasting no time unraveling Wall Street-friendly measures introduced under former Republican President Donald Trump, using quick-fix legal tactics. They have spiked or stalled more than a dozen contentious Trump-era measures that critics said eroded consumer protections, weakened enforcement, and curbed investors’ ability to push for […]
