(Reuters) – The S&P and Nasdaq were gaining on Monday with a helping hand from heavyweight technology companies as investors appeared optimistic about the third-quarter earnings season.FILE PHOTO: Traders work on the main trading floor of the New York Stock…
Read MoreToyota to invest $3.4 billion on U.S. automotive batteries through 2030
WASHINGTON (Reuters) – Toyota Motor Corp’s North American unit said Monday it will invest about $3.4 billion (380 billion yen) on U.S. automotive battery development and production in the United States through 2030.FILE PHOTO: The Toyota logo is seen at…
Read MoreWall St climbs after week of strong bank results; market set for weekly gains
NEW YORK (Reuters) – U.S. stocks rose on Friday as Goldman Sachs was the latest big bank to report strong results and better-than-expected retail sales eased worries about demand.FILE PHOTO: Traders work on the floor of the New York Stock…
Read MorePowell still favorite for Fed reinstatement but investors examine alternatives
NEW YORK (Reuters) -Jerome Powell may still be the clear favorite to get renominated as Federal Reserve Chairman, but some investors are considering the long-shot alternative should there be a surprise change.FILE PHOTO: Federal Reserve Chair Jerome Powell attends the…
Read MoreVulnerable U.S. homeowners face uncertainty as mortgage forbearance ends
(Reuters) – Close to half a million low-income homeowners in the United States, many of them minorities, are nearing the end of mortgage forbearance plans that allowed them to halt loan payments during the pandemic, presenting a test for the…
Read MoreFed's Bowman 'very comfortable' with November taper, sees inflation risks
(Reuters) – Federal Reserve Governor Michelle Bowman on Wednesday said she would be “very comfortable” with beginning to withdraw some of the U.S. central bank’s crisis-era support for the economy as soon as next month, citing concerns about inflation and…
Read MoreWall St mostly up on Nasdaq and growth stocks, takes Fed minutes in stride
(Reuters) – U.S. stocks were mostly higher on Wednesday in afternoon trading, led by gains in the Nasdaq and shares of big growth names including Amazon.com and Microsoft. The S&P 500 briefly added to gains following the release of minutes…
Read MoreKyle Bass's failed Hong Kong short got Bannon-linked cash – Bloomberg News
Kyle Bass, founder of Hayman Capital Management, speaks during the Reuters Global Investment 2019 Outlook Summit in New York, U.S., November 14, 2018. REUTERS/Brendan McDermid/Files(Reuters) – Hayman Capital Management L.P. founder Kyle Bass’s failed bet against the Hong Kong dollar…
Read MoreU.S. Labor Department submits initial text of Biden's vaccine mandate to the White House
FILE PHOTO: A man wears an anti-vaccine button as people and teachers protest against New York City mandated vaccines against the coronavirus disease (COVID-19) in front of the United States Court in Manhattan in New York City, New York, U.S.,…
Read MoreWall Street closes lower on jitters ahead of earnings, Fed minutes
NEW YORK (Reuters) – U.S. stocks finished lower on Tuesday, extending losses late as investors grew more jittery in the run up to third-quarter earnings, while a jump in Tesla shares helped support the market.FILE PHOTO: People are seen on…
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