2/2 © Reuters. FILE PHOTO: President Biden speaks about jobs and the economy from the White House in Washington 2/2 By Trevor Hunnicutt WASHINGTON (Reuters) – U.S. President Joe Biden asked Congress to sharply hike spending on climate change, cancer and underperforming schools, but his first budget wishlist on Friday drew howls of bipartisan concern…
Franmil Reyes clubbed a pair of homers, Zach Plesac tossed seven scoreless innings and the Cleveland Indians topped the visiting Detroit Tigers 4-1 on Friday.Plesac (1-1) was tagged with a loss in Detroit on Saturday despite allowing only two runs in six innings. He was even more dominant on Friday, allowing just three hits with…
FILE PHOTO: The logo of Swiss bank Credit Suisse is seen at a branch office in Bern, Switzerland October 28, 2020. REUTERS/Arnd Wiegmann/File Photo(Reuters) – The U.S. brokerage subsidiary of Credit Suisse Group AG has disclosed that former employees’ personal data was leaked last month and that it had filed a lawsuit over the matter,…
NEW YORK (Reuters) – Wall Street is kicking off a crucial reporting season as U.S. companies provide quarterly results a year after the coronavirus pandemic crippled the economy and as investors look for reasons to support a stock market at record highs.FILE PHOTO: A sign for the Wall Street subway station is seen in the…
A GameStop store is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., January 27, 2021. REUTERS/Carlo AllegriNEW YORK (Reuters Breakingviews) – CLICKS AND BRICKS. GameStop, the $12 billion company buoyed by Reddit fans, plans to elect Chewy co-founder Ryan Cohen to chairman. He may help…
Apr 10th 2021SAN FRANCISCOFacebookTwitterLinkedInWhatsAppONE OF SILICON VALLEY’S most successful inventions is hype. It usually disappoints. In 2015 live-streaming from smartphones became all the rage. But Meerkat, an app which pioneered it, shut down the following year. On April 1st Periscope, its more successful rival, did too (no joke). Will Clubhouse, a buzzy app that hosts…
Apr 8th 2021FacebookTwitterLinkedInWhatsAppFACED WITH recalcitrant sovereign counterparties, foreign investors and companies occasionally take drastic action. A picaresque example of the genre occurred in 2012, when Elliott Management, a buccaneering American hedge fund which held distressed Argentine bonds, seized a handsome tall ship belonging to Argentina’s navy. Elliott’s aggressive tactics ultimately paid off, and others have…
BERLIN (Reuters) – Germany is currently negotiating with Russia on an advance purchase agreement of its Sputnik V COVID-19 vaccine, Health Minister Jens Spahn said on Friday.Spahn told a news conference that the requirements were approval by the European Medicines Agency, as well as whether doses would be available within the next few months.“The crucial…
BRUSSELS, April 9 (Reuters) – Greece on Friday secured approval from EU competition regulators to extend its “Hercules” bad loan reduction scheme to help banks reduce the mountain of impaired credit burdening their balance sheets.The scheme was launched in October 2019 to help the country’s banks offload up to 30 billion euros of bad loans…
FILE PHOTO: The Charging Bull or Wall Street Bull is pictured in the Manhattan borough of New York City, New York, U.S., January 16, 2019. REUTERS/Carlo Allegri/File PhotoLONDON (Reuters) – Investors have pumped more money into equities over the past five months than in the last 12 years, BofA’s weekly flow figures showed on Friday,…
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