TOKYO (Reuters) – Asian stocks dipped and cryptocurrencies extended losses on Wednesday as uncertainties over inflation prompted investors to reduce exposure to riskier assets for now.FILE PHOTO: A man walks past a stock quotation board at a brokerage in Tokyo, Japan February 26, 2021. REUTERS/Kim Kyung-HoonAlso weighing on digital coins was a new Chinese ban…
Oil prices fell for a second day on Wednesday on the potential of Iranian supply returning and as investors sold on speculation that inflation fears might lead the U.S. Federal Reserve to raise interest rates, which could limit economic growth.U.S. West Texas Intermediate (WTI) crude futures dropped 73 cents, or 1.1%, to $64.76 a barrel…
The S&P 500 declined slightly on Tuesday after major retailers including Walmart and Home Depot posted better-than-expected earnings alongside a sharp decline in telecom stocks and weak housing starts data.
The IPO market is gearing up for a hot close to the second quarter and a hotter Q3. That’s The Exchange’s takeaway from recent IPO filings from Monday.com (enterprise planning and communications) and a number of SPAC-led combinations from Bird (scooter sharing), Bright Machines (AI-powered microfactories) and others. Looking ahead, Squarespace (site design and hosting) will direct…
COLUMBUS, Ohio, May 18, 2021 /PRNewswire/ — Summer travel is officially on, with 67% of Americans planning to take a much-needed and well-deserved vacation between June and August this year.* To help travelers get back into the driver’s seat, Red Roof®, the leader in economy lodging, has launched ‘Rest + Repeat,’ the perfect summer offer that gives…
The customer is not always right. Credit Suisse (CSGN.S) Chief Executive Thomas Gottstein has a chance to prove as much in the fight over losses from funds linked to collapsed financier Greensill Capital. Clients are understandably aggrieved, but offering to share the pain would be counterproductive.Credit Suisse Asset Management in March froze $10 billion of…
Home Depot Inc (HD.N) on Tuesday reported a bigger-than-expected 31% jump in quarterly same-store sales, allaying concerns that the top U.S. home improvement chain would see pandemic-fueled demand easing as vaccinations gather steam.The company’s blue-chip stock rose 2.5% in pre-market trading, set to add to the over 20% gains this year.The last 12 months have…
When California stripper Brittney, 26, walked into San Francisco’s reopened Gold Club stripping venue again in April after a year, she was confronted with masked-up dancers and just a clutch of patrons.“My heart just sank. This is just so, so sad,” said Brittney, who asked that her last name not be disclosed to protect her…
Norwegian Air’s (NORR.OL) court-ordered debt reconstruction plan is now legally binding, and the airline expects to complete its financial rescue as planned on May 26, it said on Tuesday. No creditors have filed appeals against the scheme, which was overseen by courts in Norway and Ireland, and the plan is now final and binding, Norwegian…
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