(Reuters) – The Nasdaq ended sharply lower on Tuesday as investors dumped megacap growth stocks to seek shelter in more defensive parts of the market, amid concerns on rising interest rate and uncertainty over an upcoming jobs report.Highly valued technology-related companies including Microsoft Corp, Alphabet Inc, Apple Inc, Amazon.com Inc and Facebook Inc sold off…
A sign of Ant Group is seen during the World Internet Conference in Wuzhen, Zhejiang province, China, Nov. 23, 2020. REUTERS/Aly Song/File PhotoU.S. asset manager Fidelity Investments has halved the valuation of its shares in Ant Group, the Chinese financial technology company at the centre of a major regulatory crackdown, the Wall Street Journal reported…
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ISTANBUL (Reuters) – “Turkey Unlimited. Now available without Turks,” reads a mock tourism advert on social media, poking fun at the sight of foreign tourists roaming quiet streets while most Turks are confined to home by a coronavirus lockdown.FILE PHOTO: A tourist poses for a souvenir photo outside the historic Suleymaniye Mosque in Istanbul, Turkey,…
Wall Street’s main indexes opened higher on Wednesday after megacap stocks bounced back from a steep selloff in the previous session, while a survey showed a solid rise in private jobs in April.The Dow Jones Industrial Average (.DJI) rose 30.96 points, or 0.09%, at the open to 34,163.99.The S&P 500 (.SPX) opened higher by 12.40…
2/2 © Reuters. Climate change migrants 2/2 By Valerie Volcovici WASHINGTON (Reuters) – The U.S. Senate overwhelmingly approved the first major infrastructure bill in this Congress that would authorize over $35 billion to upgrade the country’s drinking and wastewater systems, a rare bipartisan show of support as the lawmakers remain divided over other infrastructure investments.…
© Reuters. FILE PHOTO: President Biden holds a meeting on the American Jobs Plan at the White House in Washington By Nandita Bose, Jarrett Renshaw and Trevor Hunnicutt WASHINGTON (Reuters) -U.S. President Joe Biden plans to unveil a sweeping $1.8 trillion package for families and education in his first joint speech to Congress on Wednesday,…
MarketsStocks are flat after tech names give up early gainsPublished Tue, May 4 20216:02 PM EDTUpdated Moments AgoJesse Pound@jesserpoundMaggie Fitzgerald@mkmfitzgeraldShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailVIDEO2:5602:56U.S. futures point to a higher open as stocks seek rebound after sell-offSquawk BoxU.S. stocks churned near the flat line on Wednesday after major…
WASHINGTON (Reuters) – U.S. services industry activity grew at a slightly slower pace in April, likely restrained by shortages of inputs amid a burst of demand that is being driven by massive fiscal stimulus and a rapidly improving public health environment.FILE PHOTO: A woman wearing a protective mask walks past empty tables outside a restaurant,…
WASHINGTON (Reuters) – The U.S. economy may be growing more quickly and unemployment falling faster than the core of Federal Reserve policymakers projected in March, Fed Governor Michelle Bowman said on Wednesday, a development that could fuel debate about the outlook for monetary policy.FILE PHOTO: U.S. Federal Reserve Governor Michelle Bowman poses at a conference…
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