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Glaring Yield Chasm Lifts Dollar in Rethink of Reflation Trade It turns out the roaring reflation trade of 2021 is lifting one boat in particular in the foreign-exchange market -- the almighty dollar. The greenback is wrapping up its best quarter in a year, with a 3% gain that's allowed it to recoup more than half its 2020 loss.
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OPEC cuts, vaccines to sustain oil's recovery: Reuters poll (Reuters) - Oil prices will stabilise above $60 a barrel level this year, as vaccine rollouts support a demand recovery and OPEC and its allies continue to rein in supply, a Reuters poll showed on Wednesday. FILE PHOTO: A 3D printed oil pump jack is seen in ...
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Mortgage Application Denied? Here's What To Do Depending on the loan type you're seeking, these rules might come from Fannie Mae, Freddie Mac, the U.S. Department of Veterans Affairs (VA), the Federal Housing Administration (FHA) or the U.S. Department of Agriculture (USDA).
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3 Stocks Robinhood Investors Are Dead Wrong About The Robinhood stock-trading platform has changed the investing game forever, ushering in an era of free stock trades and adding a level of transparency to the market that was previously non-existent. For example, the trading platform keeping a regularly ...
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Hyperdrive Daily: What's Next for Tesla's Technoking? Tesla CEO Elon Musk has a lot of plates spinning right now. With two new factories under construction in Texas and near Berlin, the storyline of 2021 is largely one of global expansion and increased competition as legacy automakers play catch-up with regard ...
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S&P 500 rises slightly as tech shares rebound, investors assess Biden's infrastructure plan U.S. stocks edged higher on Wednesday as investors weighed the potential impact from President Joe Biden's infrastructure spending plan. The Dow Jones Industrial Average gained 70 points. The S&P 500 rose 0.3% while the tech-heavy Nasdaq ...
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Credit Suisse Bondholders Left Guessing on Archegos Capital Hit Credit investors have been dumping the riskiest bonds issued by Credit Suisse Group AG after being left in the dark about the full scale of the hit to the bank's capital buffers from the Archegos Capital crisis. Some of the Swiss bank's most subordinated notes, ...
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Hitachi to buy US software developer GlobalLogic for $9.6 billion TOKYO (Reuters) -Hitachi Ltd said on Wednesday it will buy U.S. software company GlobalLogic Inc for $9.6 billion, including repayment of debt, as the Japanese industrial conglomerate pivots from electronics hardware to digital services. FILE PHOTO: The ...
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SPAC Listings Slow to a Crawl With Bankers Buried in Paperwork "There was maybe an excess of transactions," said Anna Pinedo, a capital markets lawyer at Mayer Brown LLP. "That may have raised concerns on the part of investors in terms of having an appropriate opportunity to analyze and vet deals to their satisfaction.".
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Robinhood Cans the Confetti, Unveils New Celebratory Designs NEW YORK (AP) — The bursts of confetti that shower screens of Robinhood investors when they make their first trade — and serve as the punchline for critics who say the popular app treats investing like a game — are going away. Starting this week ...
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Strength-training startup Tonal crosses unicorn status after raising $250M When the pandemic unfolded last year, demand for at-home fitness equipment skyrocketed, and Tonal was no exception. The maker of a smart home fitness trainer experienced an explosive increase in sales, and now the six-year-old San Francisco-based ...
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Illumina Vows to Fight Back as FTC Takes Aim at $8B Grail Acquisition The U.S. Federal Trade Commission (FTC) said it will challenge Illumina's planned $8 billion acquisition of cancer blood test developer Grail—drawing a rebuke from the sequencing giant, which is vowing to oppose the agency and fight for the deal it ...
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OPSWAT Receives $125 Million Investment from Brighton Park Capital to Accelerate Growth Momentum With close to 400 employees and 10 global offices, OPSWAT is trusted by more than 1,000 organizations across 70 countries for providing comprehensive and scalable cybersecurity solutions to protect against malware and zero-day attacks. The Company's ...
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This IPO fail is a warning for the 'everything wins' rally London (CNN Business) In recent months, investors haven't been able to pile quickly enough into the fast-growing companies hitting public markets. But the mood was different Wednesday in London ...
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Pfizer Says COVID-19 Vaccine Shows '100% Efficacy' In Adolescents New clinical trials showed that Pfizer's COVID-19 vaccine elicits "100% efficacy and robust antibody responses" in adolescents from 12-15 years old, the drug company announced Wednesday. The trial included 2,260 trial participants; the results are even ...
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Dallas-Fort Worth Restaurants Offering Easter and Passover Meal Specials The steakhouse with locations in Oaklawn and North Dallas if offering brunch on Easter Sunday from 11 a.m. to 3 p.m. for dine-in and curbside pickup. Menu options include crab cake Benedict, prime rib, sea bass, and strawberry topped pancakes.
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US campaign against Huawei appears to be working, as Chinese tech giant loses sales outside its home market Nearly two years after the United States launched a broad attack on Chinese tech giant Huawei, the campaign is showing signs of working. Huawei's smartphone sales have collapsed outside of China, hurt by a U.S. export ban that prevents new Huawei ...
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The Smartest People on Wall Street Are Buying These 3 Stocks -- Should You Follow? According to SEC filings, hedge funds were buying more shares in aviation-giant Boeing (NYSE:BA), heating ventilation and air conditioning company Carrier Global (NYSE:CARR), and elevator company Otis Worldwide (NYSE:OTIS) in the fourth quarter.
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Daimler to hit the gas on electric shift after strong start to 2021 LONDON (Reuters) -Mercedes-Benz maker Daimler said on Wednesday it will accelerate its shift to electric cars as it builds on a strong start to 2021 despite a global semiconductor chip shortage, but gave no details of how fast its car line-up will go electric.
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Cathie Wood's space ETF fails to blast off in debut despite huge trading volume Superstar investor Cathie Wood's new space-focused ETF launched on Tuesday, and while shares slipped on day one, retail interest in the new product was out of this world. The ARK Space Exploration & Innovation ETF ARKX, +0.81% slumped $1.075 to ...
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ADP: Employers Go on a Hiring Spree in March, Adding 517000 Jobs "We saw marked improvement in March's labor market data, reporting the strongest gain since September 2020," said Nela Richardson, chief economist, ADP. "Job growth in the service sector significantly outpaced its recent monthly average, led with notable ...
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How good is Starlink satellite internet from SpaceX? I tried it out I signed up to be a beta tester of Starlink and put it through its paces to see if it could cope with playing games, streaming video and what the uptime was like.
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Exclusive: A Billion for Every Chip-Maker Who 'Makes in India,' Sources Say NEW DELHI (Reuters) - India is offering more than $1 billion in cash to each semiconductor company that sets up manufacturing units in the country as it seeks to build on its smartphone assembly industry and strengthen its electronics supply chain, two ...
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Bausch Health to Sell Amoun Pharmaceutical for $740 Million Bausch Health Cos. is selling its Amoun Pharmaceutical Co. unit in Egypt to Abu Dhabi-based holding company ADQ for $740 million, part of the Canadian company's effort to pare down debt. Amoun makes branded generic drugs for human and animal ...
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Google, BMW, AB Volvo, Samsung back environmental call for pause on deep-sea mining Recasts; adds comment from GSR and Norway. March 31 (Reuters) - Google, BMW, AB Volvo Group and Samsung SDI are the first global companies to sign up to a World Wildlife Fund call for a moratorium on deep-sea mining, likely shrinking the potential ...
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An Unwelcome Prank: Volkswagen Purposely Hoodwinks Reporters NEW YORK (AP) — Journalists are used to being wary about odd pranksters pulling April Fool's Day hoaxes at this time of year. Few expect it from a multi-billion dollar corporation. Volkswagen admitted Tuesday that it had put out a false news release saying ...
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Cubic accepts raised takeover bid, to be bought out for $75 a share Cubic Corp. CUB, +0.36% announced Wednesday morning that it has accepted an acquisition proposal from Veritas Capital and Evergeen Coast Capital Corp., which is an affiliate of Elliott Management L.P. Veritas and Evergreen agreed to increase the ...
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Walgreens Raises Guidance as Earnings Beat Forecasts The drugstore giant Walgreens Boots Alliance turned in higher earnings than expected on Wednesday morning, reporting a profit of $1.40 per share, compared with the consensus call of $1.10 among analysts tracked by FactSet. Walgreens (ticker: WBA) ...
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No Surprise Here: Institutions Could Run Bitcoin's Price Higher Cryptocurrencies remain largely unregulated, which has deterred many potential investors. The Securities and Exchange Commission has so far rejected exemptive relief for any attempt to roll out a Bitcoin ETF, arguing that there is not enough protection against ...
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Green Thumb says newspaper article alleging federal probe of cannabis licensing is baseless and unfounded "Green Thumb first learned of the alleged probe into supposed violations regarding obtaining licenses from a Chicago Tribune reporter who cited unnamed sources shortly before the article was published," the company said in a statement. "Federal authorities ...
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Deepfake "Amazon workers" are sowing confusion on Twitter. That's not the problem. The news: Ahead of a landmark vote that could lead to the formation of the first-ever labor union at a US-based Amazon warehouse, new Twitter accounts purporting to be Amazon employees started appearing. The profiles used deepfake photos as profile ...
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Journal's Easter recipe swap cooks up memories They include Pineapple Timbale, Honey Hard Boiled Eggs, Risa's Cheesecake, Italian Easter Egg Biscuits, Egg Biscuits and Pea Ricotta Mint Pesto. Elaine Kallio wrote: "Almost 50 years ago while stationed in Germany ...
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Apple invests $50M into music distributor UnitedMasters alongside A16z and Alphabet The focus of UnitedMasters is to provide artists with a direct pipeline to data around the way that fans are interacting with their content and community, allowing them to connect more directly to offer tickets, merchandise and other commercial efforts.
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Helicopter Carrying Greg Harms Hit Mountain, Investigators Say ANCHORAGE, Alaska (CBS4/AP) – The National Transportation Safety Board says a helicopter carrying a Colorado man crashed into a mountain at 5,500 feet and rolled 900 feet down the mountainside. Greg Harms, 52, of Aspen, died with four other people.
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Pop-up vaccination site coming to Native Pride Travel Plaza "We are grateful to Dr. [Raul] Vazquez for providing 400 Johnson & Johnson one-shot COVID vaccines for our first Native Pride Travel Plaza pop-up," Seneca Nation businessman JC Seneca said.
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Could this week be the last freeze of the season? ST. LOUIS — Dry weather is expected for the rest of the week into the weekend with temperatures taking a dip Thursday and Friday. In fact, freeze and frost are likely with temperatures below freezing to start each morning. A freeze warning has been issued for ...
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Black Executives Call on Corporations to Fight Restrictive Voting Laws The effort, led by Kenneth Chenault, a former chief executive of American Express, and Kenneth Frazier, the chief executive of Merck, is a response to the swift passage of a Georgia law that they contend makes it harder for Black people to vote.
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Stock Futures Wobble Ahead of Biden's Spending Plan U.S. stock futures wobbled Wednesday as investors awaited the rollout of President Biden's multitrillion dollar spending program and details on how taxpayers will fund it. Futures tied to the S&P 500 and Dow Jones Industrial Average wavered between gains ...
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Element Announces Proposed Private Offering of Senior Notes TORONTO, March 31, 2021 (GLOBE NEWSWIRE) -- Element Fleet Management Corp. (TSX: EFN) ("Element" or the "Company"), the largest pure-play automotive fleet manager in the world, today announced that it intends to sell senior unsecured notes (the ...
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Hyatt eyeing 20 new hotels in three years The hospitality firm's India portfolio comprises 32 hotels across eight brands - Andaz, Alila, Park Hyatt, Grand Hyatt, Hyatt Regency, Hyatt, Hyatt Centric, and Hyatt Place. TRENDING STORIES ...
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Today! 100% of sales at Jersey Mike's Williamsport goes to Lycoming County United Way Williamsport, Pa. – Every single dollar of sales today at the Jersey Mike's location at Basin Street Plaza, 201 Basin Street, Williamsport will be used to fund programs supported by the Lycoming County United Way. All month, generous customers have been ...
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What's happening with the AstraZeneca COVID-19 vaccine around the world Canada's vaccine advisory committee has recommended suspending use of the vaccine in people under 55. CBC News · Posted: Mar 30, 2021 6:03 PM ET | Last Updated: in 11 hours. A medical worker prepares an injection with a dose of the ...
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Voice AI firm Uniphore raises $140 million led by Sorenson Capital New investors from Europe and the Middle East such as Serena Capital and Sanabil Investments besides strategic investor, Cisco Investments also participated in the round. The company will use the fund to extend Uniphore's technology and market ...
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'One Bitcoin per Lambo, then one Bitcoin per Bugatti', says Kraken boss as he tips Polkadot to be next Ethereum Kraken CEO Jesse Powell says the value of Bitcoin is rising so quickly that it might be easier to measure its price against supercars rather than the dollar. Powell, head of one of the oldest cryptocurrency exchanges, suggested Bitcoin (BTC) could be the same ...
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The Genesis X Concept is unbelievably gorgeous Well isn't this a lovely surprise. Welcome to the Genesis X Concept – a "high performance" electric grand tourer from Hyundai's luxury offshoot that looks the absolute business. Agree? The company's fifth ...
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Home Price Growth Hit a Nearly 15-Year High In January. Here's What's Next. Home prices continued their pattern of strong annual growth in January, with the national S&P CoreLogic Case-Shiller Index registering the highest annual gain since February 2006, according to a Tuesday release. Home prices nationally saw an annual gain ...
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European Central Bank may have digital currency in 4 years, say Lagarde European Central Bank President Christine Lagarde said her institution could launch a digital currency around the middle of this decade if her fellow policy makers give the project the green light this summer. "We need to make sure that we do it right - we owe ...
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Gold may move up if bond yields fall, inflation in US rises; here's what charts suggest for MCX gold in FY22 Precious metals, particularly gold, are highly influenced by the incidence and intensity of geopolitical instability. That being so, after touching a low in 2016, gold has witnessed a relatively steady run up between 2017 and March 2020 due to a series of ...
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No vehicle inspections offered at RMV for last day of March BOSTON — There is a nationwide systems outage affecting the vendor used by the Mass. Registry of Motor Vehicles. This stops the process of vehicle inspections from being performed on Wednesday, March 31. Law enforcement has been notified that ...
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Publix will not offer vaccinations during Easter weekend Publix will not be offering any vaccine appointments during Easter weekend. The grocery store chain made the announcement in a news release on Tuesday. Publix is closing all its stores on Easter Sunday but will be open on the preceding days.
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