economy

GE, Safran venture to develop radical new jet engine

General Electric (GE.N) and France's Safran (SAF.PA) has unveiled plans to test-build an open-bladed jet engine able to reduce fuel…

4 years ago

JPMorgan stockpiling cash, waiting for interest rates to rise -CEO

JPMorgan Chase & Co (JPM.N) Chief Executive Jamie Dimon said on Monday the bank is holding around $500 billion in…

4 years ago

Loeb’s U.S. hedge fund Third Point owns Vivendi stake -source

Billionaire hedge fund manager Daniel Loeb's Third Point owns a substantial stake in Vivendi SE (VIV.PA) and is "evaluating" the…

4 years ago

Pandemic drags Emirates to $5.5 bln loss, its first in 33 years

Emirates said Dubai's government would continue to support the airline through the coronavirus pandemic after posting an annual loss of…

4 years ago

Hyundai, GM serious about ‘flying car’ efforts

Hyundai Motor Co (005380.KS) and General Motors Co (GM.N) said on Monday they are pushing ahead with developing flying cars,…

4 years ago

Stocks tread water as investors await Fed policy insights

Global stock markets were mixed while U.S. Treasury yields ticked up on Monday, as investors waited for the results of…

4 years ago

‘Meme stock’ rally pauses, Redditors focus on biotech stocks

Small-time stock traders turned their attention to the biotech and healthcare sectors on Monday, lifting shares of some by as…

4 years ago

Back to the future: 2020s to echo roaring 20s or inflationary 70s?

The 2020s have only just begun but there is already a rush to draw parallels with the past, prompted by…

4 years ago

Explainer: What’s at stake for markets as U.S. debt ceiling looms

The U.S. debt ceiling comes into effect at the end of July, putting pressure on the Treasury to reduce its…

4 years ago

Bitcoin climbs near $40,000 after Musk says Tesla could use it again

Bitcoin climbed to shy of $40,000 on Monday, after yet another weekend of price swings following tweets from Tesla boss…

4 years ago