Analysis: As small-cap stocks lag, Wall Street worries about broad slowdown
An historic rally in share prices for smaller U.S. companies has slowed sharply in April after six months of strong gains, leading many investors to worry that the stock market as a whole may have already priced in a strong rebound from the pandemic. “The easy money has been made for small caps and for […]
Wall Street edges higher on Tesla boost ahead of big tech earnings
Wall Street’s main indexes rose on Monday as Tesla shares gained ahead of the electric-car maker’s earnings report, which would kick off this week’s results from heavyweight technology companies. Tesla Inc (TSLA.O) rose 1.1% as analysts expect the company to report a rise in first-quarter revenue when it reports after markets close following record deliveries during the […]
As U.S. capital gains tax hike looms, wealthy look for ways to soften the blow
Wealth advisers are counseling clients to max out their retirement accounts, park gains in tax-deferred opportunity zone funds and even sell some assets to avoid being clobbered by a potential U.S. capital gains tax hike. The White House will this week propose nearly doubling taxes on capital gains to 39.6% for people earning more than […]
In historic move, Biden says 1915 massacres of Armenians constitute genocide
U.S. President Joe Biden on Saturday said the 1915 massacres of Armenians in the Ottoman Empire constituted genocide, a historic declaration that infuriated Turkey and is set to further strain frayed ties between the two NATO allies.
U.S. officials hopeful as advisers meet again on J&J COVID-19 vaccine
Advisers to the U.S. Centers for Disease Control and Prevention will meet again on Friday to consider whether it is safe to resume injections of Johnson & Johnson’s COVID-19 vaccine, as senior U.S. health officials prepare for a green light. The panel last week called for more data about a possible link to rare blood […]
U.S. manufacturing, new homes sales underscore booming economy
U.S. factory activity powered ahead in early April, though manufacturers increasingly struggled to source raw materials and other inputs as a reopening economy leads to a boom in domestic demand, which could slow momentum in the months ahead.
Return the favour: South Korea looks to U.S. for COVID-19 vaccine aid
South Korea hopes the United States will help it tackle a shortage of coronavirus vaccine in return for test kits and masks Seoul sent to Washington earlier in the pandemic, the foreign minister said on Wednesday. The government has drawn fire from the media for not doing enough to secure enough vaccines early, with just […]
Twelve U.S. states urge Biden to back phasing out gas-powered vehicle sales by 2035
WASHINGTON, April 21 (Reuters) – The governors of a dozen U.S. states including California, New York, Massachusetts and North Carolina called on President Joe Biden on Wednesday to back ending sales of new gasoline-powered vehicles by 2035, a dramatic shift away from fossil fuels. Biden’s $2.3 trillion infrastructure plan calls for $174 billion in spending […]
Analysis: Beijing huddles with friends, seeks to fracture U.S.-led ‘clique’
China is shoring up ties with autocratic partners like Russia and Iran, as well as economically dependent regional countries, while using sanctions and threats to try to fracture the alliances the United States is building against it. Worryingly for Beijing, diplomats and analysts say, the Biden administration has got other democracies to toughen up to […]
U.S. seeks to polish tarnished reputation with new climate change pledges ahead of Earth Day
WASHINGTON/BRUSSELS (Reuters) -The United States hopes to restore its shattered credibility when it hosts a climate change summit next week by pledging to cut its greenhouse emissions by at least half and securing agreements from allies for faster reductions, according to two sources familiar with the matter.
