Asian shares climbed in morning trade on Tuesday, tracking a Wall Street rally overnight, while the dollar held near a fourth-month low as investors tempered fears about inflation-driven rate hikes.
Japanese shares rose on Tuesday, as a strong finish on the Nasdaq overnight boosted heavyweight local technology stocks, although gains were capped by continued worries of a sluggish economic recovery because of slow vaccine rollouts in the country.
The U.S. Justice Department on Monday said in a court filing it would appeal a court decision faulting former U.S. Attorney General William Barr’s handling of the 2019 special counsel report on then-President Donald Trump, a move congressional Democrats had opposed.U.S. District Judge Amy Berman Jackson had given the Justice Department until May 24 to…
Share to FacebookShare to TwitterShare to LinkedinElon Musk, the meme-loving Tesla TSLA chief executive that moves markets with his irreverent tweets, is apparently readying for war. Musk, who’s recently gone all-in on the somewhat satirical cryptocurrency dogecoin—helping its price soar many thousands of percent to a mind-blowing $42 billion market capitalization—sees a “battle” coming between…
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…
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