U.S. stocks climbed on Monday, with both the S&P 500 and Nasdaq rallying more than 1% as a pullback in U.S. Treasury yields helped lift expensive stocks in sectors such as technology as investors attempt to gauge the path of inflation.
New York City’s school system, the largest in the country, will offer no remote learning option in the fall, requiring all of its 1.1 million students to attend classes in person after more than a year of disruption caused by the pandemic, Mayor Bill de Blasi…
Royal Dutch Shell (RDSa.L) agreed to sell its controlling interest in a Texas refinery to partner Petroleos Mexicanos (Pemex) for about $596 million, the latest move by the European oil major to cut its global refining footprint.The deal ends a 28-year partnership between Shell and Pemex, Mexico’s state-run oil company that processed up to 340,000…
President Joe Biden’s on-the-go lunch may sound familiar to anyone who packed a bag for summer camp, with the commander-in-chief leaning on a few sweet staples to get him through the day.For meetings, Biden often packs “a protein bar, a peanut-butter-and-jelly sandwich and a travel-size orange Gatorade,” according to The Washington Post’s Ashley Parker.”He has…
With inflation fears buzzing in markets and political circles, Federal Reserve officials have laid out long, itemized lists for why they feel a recent jump in the price of many goods won’t spiral into a larger problem.There is some simple math involved. But mostly their arguments rely on the balancing dynamics of supply and demand,…
Big U.S. banks are prepared for credit-card balances to start ticking up again this year as pandemic restrictions ease and stimulus checks stop arriving, setting up the industry for a bump in one of its most profitable businesses.Lenders, including Capital One (COF.N), Citigroup (C.N) and JPMorgan (JPM.N), have been sending out more promotions to enroll…
Western politicians accused Belarus on Monday of state piracy amounting to a “warlike act”, searching for a way to retaliate that would match the gravity of the offence after Minsk forced an airliner down and arrested a dissident journalist.
Here are five things you must know for Monday, May 24:1. — Stock Futures Point Higher Stock futures pointed to gains for Wall Street Monday after equities closed mixed last week amid renewed bouts of volatility.Contracts linked to the Dow Jones Industrial Average rose 127 points, S&P 500 futures gained 18 points and Nasdaq futures were…
In February, Nigerian fintech startup Mono announced its acceptance into Y Combinator and, at the time, it wanted to build the Plaid for Africa. Three months later, the startup has a different mission: to power the internet economy in Africa and has closed $2 million in seed investment towards that goal. The investment comes nine…
SAN FRANCISCO, May 24, 2021 /PRNewswire/ — The global canned alcoholic beverages market size is expected to reach USD 13.4 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 13.3% from 2021 to 2028. Canned alcoholic beverages are gaining popularity among consumers…
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