Explainer: When will we know the results of Exxon’s board election?
The full makeup of Exxon Mobil Corp’s board of directors remained undecided following Wednesday’s hotly contested election in which 16 candidates vied for 12 seats.
U.S. chip subsidy effort faces pushback over China issues
A series of amendments for a $190 billion U.S. Senate bill aimed at countering China’s technology challenge are in limbo after business groups protested proposals intended to ensure that none of the money finds its way to China or other U.S. rivals.
Asian stocks extend global rally to 7th day, U.S. stimulus in focus
Asian stocks put global equities on course for a seventh day of gains on Friday as investors bet the U.S. will lead the world out of the COVID-19 pandemic, with the focus turning to a multi-trillion dollar spending boost by the Biden administration.
Wall Street edges up as weekly jobless claims fall
U.S. stocks advanced modestly on Thursday, as data showing improvement in the labor market helped fuel expectations the economy continues to recover and spurred a small rotation towards stocks seen as more likely to benefit from the rebound.
EXCLUSIVE China bars banks from selling commodities-linked products to retail buyers -sources
China’s banking regulator has asked lenders to stop selling investment products linked to commodities futures to mom-and-pop buyers, three people with knowledge of the matter told Reuters, to curb investment losses amid volatile commodity prices.
Analysis: Early or late cycle? Fast-running bull market unnerves investors
Will history’s longest-ever bull market be followed by one of the shortest?
Wall Street edges up as U.S. bond yields stay tame
U.S. stocks closed out Wednesday’s session with modest gains as recent comments from Federal Reserve officials helped tamp down concerns about runaway inflation and kept bond yields in check.
U.S. SEC considering new rules to tackle SPACS, crypto tokens
The U.S. Securities and Exchange Commission (SEC) is considering new rules to protect investors amid a surge in the use of special purpose acquisition companies (SPACS) as capital-raising vehicles, its new chair will tell lawmakers.
GameStop, AMC extend rallies, gouging short sellers
Shares of GameStop (GME.N) and cinema operator AMC Entertainment (AMC.N) rallied to their highest levels in months on Wednesday, with some market-watchers saying the recent surge was forcing bearish investors to unwind their bets against the video game retailer.
Ford boosts EV spending, outlines 2030 sales targets, shares near 5-year high
Ford Motor Co (F.N) on Wednesday outlined plans to boost spending on its electrification efforts by more than a third and said it aims to have 40% of its global volume be all electric by 2030, sending shares near a five-year high.
