Wall Street flat with Fed meet in focus
U.S. stock indexeswere flat on Friday as focus turned to next week’s Federal Reserve meeting, while technology and growth- exposed sectors gained after inflation data calmed fears over a long-term spike in consumer prices.
European shares hit record high, bond yields fall as inflation fears ease
Shares gained on Friday and bond yields fell from the United States to Europe as investors shrugged off rising U.S. consumer prices, even as fears of longer-term inflation lingered.
Analysis: As EU preps debut recovery bond, a reality check for “safe asset” hopes
As the European Union readies bond sales for its pioneering COVID-19 recovery fund, the scale and duration of the borrowing programme may disappoint those who had visualised last year’s deal for pooled debt as Europe’s Hamiltonian moment.
Archer’s flying taxi makes splashy debut in heated market
Archer Aviation unveiled its first electric flying taxi “Maker” in a Tesla-style debut on Thursday as an increasing number of investors and aviation companies pile into the hot but yet-to-be-approved urban air mobility space.
Dollar marooned as investors shrug off inflation spike
After a week of anxious waiting, markets got the high U.S. inflation number they dreaded, shrugged it off and moved on – leaving the U.S. dollar under pressure and most majors stuck in ranges.
Artisan fund joins opposition to Universal Music spin-off
U.S. investment fund Artisan Partners on Thursday joined another minority shareholder in French media group Vivendi (VIV.PA) in opposing its spin-off of Universal Music Group (UMG), decrying the transaction as unfavourable to some investors.
U.S. household wealth jumps to record $136.9 trillion, Fed says
U.S. household wealth jumped to a record $136.9 trillion at the end of March, a report from the Federal Reserve showed on Thursday, suggesting plenty of dry tinder for economic growth as the coronavirus pandemic recedes and the nation reopens.
Stocks rally, yields drop as U.S. CPI data calms investors
Global stock markets rallied to new highs and bond yields slid on Thursday after a jump in U.S. inflation was viewed as insufficient to alter the Federal Reserve’s easy monetary policy stance that rising consumer prices will be transitory.
Analysis: Bank of America leaves Wall Street wondering about next CEO
When Brian Moynihan took the reins at Bank of America Corp (BAC.N) in 2010, the U.S. bank was reeling.
CEOs and investors push world leaders for stronger climate action
A group of 79 company bosses and investors managing $41 trillion issued separate calls on Thursday for world leaders to accelerate action on climate change by enacting more ambitious policies in areas including carbon pricing.
