Dollar rally sputters as Fed sends mixed signals on inflation
The U.S. dollar vacillated below an 11-week high versus major peers on Thursday as traders attempted to navigate conflicting signals from Federal Reserve officials on the timing of a withdrawal of monetary stimulus.
Rising inflation puts Bank of England on the spot
The Bank of England will say on Thursday whether it is worried about a recent jump in inflation, which broke above the central bank’s 2% target and looks set to climb higher as Britain reawakens its economy from its coronavirus slumber.
Tesla lifts Nasdaq to record-high close
The Nasdaq climbed to a record-high close on Wednesday, fueled by a rally in Tesla Inc (TSLA.O), with investors cheering data that showed a record peak for U.S. factory activity in June.
EU envoy urges U.S. to ease travel restrictions; sees time to resolve metals dispute
The European Union’s top diplomat in Washington said the United States should safely ease COVID-19 travel restrictions on Europeans, calling it a mistake to prevent European business executives from overseeing their U.S. investments.
Global companies’ capex to hit decade-high growth this year -Refinitiv data
Global companies are set to ramp up their expansion plans this year, after being bogged down in the last few years, as economies recover from the pandemic and firms start to see higher profits and cashflows.
EXCLUSIVE Harvard wasn’t pressured over Toshiba, former Japan adviser says
A former Japanese government adviser said he did not put pressure on Harvard University’s endowment fund to influence its voting at Toshiba Corp’s (6502.T) contested shareholder meeting last year, and that the fund should “set the record straight”.
Biden sees work needed to address problems created by big tech firms -White House
U.S. President Joe Biden believes steps are needed to safeguard privacy, bolster innovation and deal with other problems created by big technology platforms, the White House said on Tuesday, signaling his support for legislation concerning Big Tech.
Krispy Kreme eyes near $4 bln valuation in U.S. IPO
Krispy Kreme Inc is targeting a valuation of nearly $4 billion in a U.S. initial public offering, according to a regulatory filing on Tuesday, as the donut chain aims a return to the stock market to capitalize on the record capital markets activity.
Amazon sees Prime Day sales boost amid supply chain snags
Amazon.com Inc’s (AMZN.O) Prime Day saw strong online sales growth in the United States on Monday even as supply chain snafus and a robust spending appetite limited the level of discounts on popular products like electronics.
U.S. business borrowings jump 20% in May – ELFA survey
U.S. companies borrowed $8.1 billion for capital investments in May, 20% higher than last year, the Equipment Leasing and Finance Association (ELFA) said, as an economic recovery fueled by rising vaccinations and easing curbs drove up demand.
