Vietnam car maker VinFast to build U.S. battery factory as it goes all-electric
Vietnam’s VinFast plans to build electric vehicle battery cells and packs in a new U.S. manufacturing complex, its global chief executive told Reuters, as the company pledged to transform itself into an all-electric automaker by the end of this year.
S&P 500, Dow hit record highs on 1st trading day of 2022
The S&P 500 (.SPX) and Dow Jones Industrial Average (.DJI) posted closing record highs on the first trading day of the year on Monday, helped by gains in Tesla Inc (TSLA.O)and bank shares.
Oil prices steady ahead of OPEC+ meeting
Oil prices were largely steady on Tuesday as investors expected major producers to agree to stick to their planned output increase at their meeting later in the day amid diminishing concerns over the spread of the Omicron variant of COVID-19.
Dollar hits five-year high vs yen as Fed rate bets lift U.S. yields
The U.S. dollar reached its strongest level in nearly five years against the Japanese yen on Tuesday, lifted by a jump in Treasury yields as traders bet on an early Federal Reserve interest rate hike despite surging COVID-19 cases.
Factbox: U.S. banks tighten COVID-19 precautions as Omicron variant spreads
U.S. banks have been more proactive than other industries in encouraging employees back to the office, but those plans have come under renewed scrutiny due to the rapid spread of the Omicron coronavirus variant.
BlackBerry loses bid to dismiss BlackBerry 10 lawsuit in NY, fall trial possible
A U.S. judge on Monday rejected BlackBerry Ltd’s (BB.TO) bid to dismiss a long-running lawsuit claiming it defrauded shareholders by inflating the success and profitability of its BlackBerry 10 smartphones, and said the class-action case could go to trial this fall.
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.
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.
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.
Factbox: U.S. banks tighten COVID-19 precautions as Omicron variant spreads
U.S. banks have been more proactive than other industries in encouraging employees back to the office, but those plans have come under renewed scrutiny due to the rapid spread of the Omicron coronavirus variant.
