© Reuters. FILE PHOTO: Construction continues on the Foxconn manufacturing complex in Mt. Pleasant 2/2 By David Shepardson and Karen Pierog WASHINGTON (Reuters) -Taiwan electronics manufacturer Foxconn is drastically scaling back a planned $10 billion factory in Wisconsin, confirming its retreat from a project that former U.S. President DonaldRead More →
© Reuters. FILE PHOTO: U.S. one dollar banknotes are seen in front of displayed stock graph By Kevin Buckland TOKYO (Reuters) – The dollar languished on Wednesday, hovering just above a seven-week low with subdued U.S. bond yields reducing the currency’s yield appeal. The safe-haven greenback got some respiteRead More →
© Reuters. FILE PHOTO: FILE PHOTO: Sheets of Lincoln five dollar bill are seen through magnifying glass at Bureau of Engraving and Printing in Washington By Elizabeth Howcroft LONDON (Reuters) – The dollar edged higher on Tuesday, helped by a pick-up in U.S. Treasury yields, while riskier currencies dipped,Read More →
© Reuters. FILE PHOTO: A man stands on an overpass with an electronic board showing Shanghai and Shenzhen stock indexes in Shanghai By Alwyn Scott and Scott Murdoch NEW YORK (Reuters) – Asian shares were mixed early Tuesday as global investors shook off worries about a hedge fund defaultRead More →
© Reuters. FILE PHOTO: The Goldman Sachs company logo is seen in the company’s space on the floor of the NYSE in New York (Reuters) – Large block trades on Friday causing a wave of selling in a clutch of companies were driven by sales of more than $10Read More →
© Reuters. FILE PHOTO: A Boeing plane sits on the tarmac at the Boeing South Carolina Plant in North Charleston, South Carolina, United States By Eric M. Johnson and David Shepardson SEATTLE/WASHINGTON (Reuters) – A U.S. Federal Aviation Administration decision to bring in-house final checks on four Boeing (NYSE:)Read More →
© Reuters. FILE PHOTO: Representations of virtual currency Bitcoin and U.S. dollar banknotes are seen in this picture illustration (Reuters) – , the world’s biggest cryptocurrency, on Saturday crossed a record high of $60,000. Bitcoin has risen sharply this year, broadly outperforming conventional asset classes, partly due to broaderRead More →
© Reuters. A man wearing a protective face mask walks past a screen displaying a graph showing recent Nikkei share average outside a brokerage, amid the coronavirus disease (COVID-19) outbreak, in Tokyo By Hideyuki Sano TOKYO (Reuters) – Global stock prices were off to a solid start while U.S.Read More →
By Aishwarya Venugopal and Melissa Fares (Reuters) – Macy’s Inc (NYSE:) forecast 2021 sales largely above Wall Street estimates on Tuesday as the retailer bets on its growing online business and on the COVID-19 vaccine rollouts allowing customers to return to its department stores after pandemic curbs. The upbeat outlookRead More →
SINGAPORE/NEW YORK (Reuters) – hit a fresh high on Saturday, extending a two-month rally that took its market capitalization above $1 trillion on Friday. The world’s most popular cryptocurrency rose to a record $57,553, taking its weekly gain to around 20%. It has surged nearly 100% this year. Bitcoin’s gainsRead More →
© Reuters. FILE PHOTO: U.S. one hundred dollar notes are seen in this picture illustration By Saikat Chatterjee LONDON (Reuters) – The U.S. dollar was firmly pinned at a one-week low on Tuesday as an overnight slide in U.S. Treasury yields raised doubts on the outlook for the greenbackRead More →
© Reuters. FILE PHOTO: The welcome screen for the Robinhood App is displayed on a screen By Imani Moise and Medha Singh (Reuters) – James Villalobos, a communications consultant for an insurance company in New York, downloaded the Robinhood online brokerage app back in September. He was hesitant aboutRead More →
© Reuters. FILE PHOTO: Reporters raise their hands for a question during a Toshiba news conference at the company headquarters in Tokyo TOKYO (Reuters) – The Tokyo Stock Exchange approved on Friday Toshiba (OTC:) Corp’s return to the bourse’s first section amid calls from some shareholders for better governanceRead More →
© Reuters. FILE PHOTO: A U.S. Dollar banknote By Saikat Chatterjee LONDON (Reuters) – The U.S. dollar held firm at a four-week high against its rivals on Monday as an undercurrent of risk aversion swept through currency markets in the backdrop of weak U.S. economic data, knocking the AustralianRead More →
© Reuters. NEW YORK (Reuters) – Google said on Sunday that antitrust claims in a Texas lawsuit were “misleading,” responding in a blog post as state attorneys general plan suits against the Alphabet (NASDAQ:) Inc unit. In December, Texas Attorney General Ken Paxton filed a complaint about Google’s advertisingRead More →
© Reuters. Vaccine airlift delivers shot in the arm for airlines By Tracy Rucinski and David Shepardson CHICAGO/WASHINGTON (Reuters) -American Airlines and United Airlines said on Monday they were preparing to recall tens of thousands of furloughed employees as they awaited lawmakers’ approval of a fresh $15 billion inRead More →
© Reuters. Shoppers wait in line outside a Bath and Body Works retail store, as the global outbreak of the coronavirus disease (COVID-19) continues, in Brooklyn, New York By Melissa Fares NEW YORK (Reuters) -Many U.S. holiday shoppers, wary of entering stores during the latest surge of COVID-19, wentRead More →
© Reuters. FILE PHOTO: U.S. dollar banknote is seen in this picture illustration By Tom Westbrook SINGAPORE (Reuters) – The dollar has sunk through major support levels and looked set for its worst week in a month on Friday, as its accelerating slide sucked in more short sellers keenRead More →
© Reuters. A farmer holds a wad of Cuban money at a vegetable stall at a market in central Cuba By Marc Frank HAVANA (Reuters) – Cuba said late on Thursday it would start its long-awaited monetary reform in January, eliminating its dual currency and labyrinthine multiple exchange rateRead More →
© Reuters. FILE PHOTO: A Huawei logo is seen on a cell phone screen in their store at Vina del Mar By Karen Freifeld (Reuters) – U.S. prosecutors are discussing a deal with lawyers for Huawei finance chief Meng Wanzhou to resolve criminal charges against her, a person familiarRead More →
© Reuters. FILE PHOTO: The Airbus facility in Montoir-de-Bretagne near Saint-Nazaire 2/2 By Tim Hepher PARIS (Reuters) – Airbus has found buyers for six aircraft from the A320neo family rejected by one of its main customers, Malaysia’s AirAsia, as it works off a surplus left by the coronavirus crisis,Read More →
© Reuters. The U.S. flag covers the front facade of the NYSE in New York By Medha Singh and Shivani Kumaresan (Reuters) – The S&P 500 was set to open lower on Tuesday as excitement over signs of a first successful late-stage COVID-19 vaccine trial faded, while investors continuedRead More →
© Reuters. FILE PHOTO: U.S. dollars and other world currencies lie in a charity receptacle at Pearson international airport in Toronto LONDON (Reuters) – Gauges for implied currency swings in the foreign exchange markets jumped to their highest levels in nearly seven months on Wednesday as traders anticipated moreRead More →
Reuters. People wearing protective masks after a coronavirus outbreak are reflected on a screen displaying the Nikkei index outside a brokerage firm in Tokyo. By Scott Murdoch and Suzanne Barlyn. HONG KONG/NEW YORK (Reuters) – Asian stocks slipped on Tuesday, refreshing Wall Street’s stronger lead, as China’s post-holiday rallyRead More →
Copyright Reuters. Illustrative photo of China’s RMB banknotes Written by Saikat Chatterjee LONDON (Reuters)–The performance gap between emerging market currencies and developed market currencies has been blown to the largest level in more than a decade, as falling interest rates, economic uncertainty and large-scale capital outflows have dampened investors’Read More →
