finance

UK’s Sunak says world is watching as G7 debates tax reform

Britain said the world was relying on a gathering of some of the richest nations to agree reforms to outdated…

4 years ago

Investors see Biden’s 15% minimum tax offer as positive

Investors hailed U.S. President Joe Biden's offer on Thursday to scrap his proposed 28% corporate tax hike as a move…

4 years ago

S&P 500, Nasdaq dragged by tech as upbeat data fans inflation fears

U.S. stocks ended lower on Thursday, with tech shares dragging on the S&P 500 (.SPX) and Nasdaq (.IXIC), as investors…

4 years ago

Broadcom forecasts upbeat current-quarter sales on 5G ramp up

Broadcom Inc (AVGO.O) forecast current-quarter revenue above Wall Street expectations on Thursday, as the semiconductor firm is set to benefit…

4 years ago

Explainer: What is a gamma squeeze and how did it drive up AMC’s stock price?

Shares of AMC Entertainment Holdings Inc (AMC.N) surged to a record high this week in a blistering rally that again…

4 years ago

Analysis: With AMC shares sky-high, ‘gamma squeeze’ less of a driving force

The meteoric rise in shares of AMC Entertainment Holdings Inc (AMC.N) may have diminished an important options market force that…

4 years ago

Sustained workout wear demand drives Lululemon’s upbeat 2021 forecasts

Lululemon Athletica Inc (LULU.O) forecast full-year net revenue and profit above Street estimates on Thursday, anticipating continued demand for its…

4 years ago

New Exxon board member Hietala brings business transformation experience

Exxon Mobil's newly elected board member Kaisa Hietala says her work at Finnish refiner and biofuel producer Neste makes her…

4 years ago

Analysis: A ‘tsunami’ of cash is driving rates ever lower. What will the Fed do?

Banks have too much cash on their hands - and they're running out of places to put it.

4 years ago

White House warns companies to step up cybersecurity

The White House warned corporate executives and business leaders on Thursday to step up security measures to protect against ransomware…

4 years ago