© Reuters. Petri dishes are pictured in an unknown location in a Cancer Research UK laboratory on an unknown date By Kate Holton and Paul Sandle LONDON (Reuters) – It’s 2023. Britain’s brightest and best drug researchers are packing their bags as clinical trials start to dwindle, leaving a nationRead More →
Fears around China’s ability to contain a deadly coronavirus outbreak have given the U.S. junk-bond market its first major test of the year. Laredo Petroleum Inc. LPI, +2.21% and Range Resources Corp. RRC, +3.61% were two energy companies in January from a deluge of U.S. businesses that raced toRead More →
© Reuters. H&M gowns for rent are displayed in the store window in Stockholm STOCKHOLM (Reuters) – H&M (ST:), the world’s second-biggest fashion group, said on Friday its brand COS had teamed up with Chinese subscription rental platform YCloset to try renting out clothes in the country as environmentally consciousRead More →
By Marwa Rashad and Davide Barbuscia RIYADH/DUBAI (Reuters) – The imminent listing of oil giant Aramco will be a pivotal moment for Saudi Arabia’s young and untested Tadawul stock exchange. The Tadawul has said it has been preparing for years and is primed for the long-awaited share sale in comingRead More →
By Eric M. Johnson SEATTLE (Reuters) – In newly released instant messages from 2016, a top Boeing (NYSE:) Co 737 MAX test pilot tells a colleague that the jet’s MCAS flight control system – the same one linked to two fatal crashes – was “running rampant in the (simulator) onRead More →
Micron Technology Inc.’s big stock run during the past quarter faces a crucial test of how much the memory chip market has actually improved when the chip maker reports earnings this week. Micron MU, +0.90% is scheduled to wrap up its fiscal year with a fiscal fourth-quarter earnings report afterRead More →
© Reuters. FILE PHOTO: A Boeing 737 MAX aircraft is seen grounded at a storage area in an aerial photo at Boeing Field in Seattle By David Shepardson WASHINGTON (Reuters) – New Federal Aviation Administration (FAA) chief Stephen Dickson plans to fly to Seattle this week to fly “newly configured”Read More →
(Reuters) – Subway Restaurants will test Beyond Meat Inc (O:) meatballs in 685 restaurants across the United States and Canada starting next month, the latest chain to jump on the meat alternatives bandwagon. Subway said it would use the plant-based meatballs in its trademark ‘Meatball Marinara sub’ at the restaurantsRead More →
© Reuters. FILE PHOTO: Logo of Swiss bank Credit Suisse is seen in Winterthur ZURICH (Reuters) – Results of a U.S. stress test will not affect Credit Suisse Group’s (S:) payout to shareholders, a spokesman for the Swiss bank said on Friday. The U.S. Federal Reserve placed conditions on CreditRead More →
© Reuters. U.S. banks clear first hurdle of Federal Reserve’s annual stress test By Pete Schroeder WASHINGTON (Reuters) – The 18 largest banks operating in the United States took the first step toward doling out capital on dividends, share buybacks and other investments on Friday, after clearing the first stageRead More →
After the first nearly full quarter of recreational cannabis sales, the world’s largest pot producers had a shot to prove they belonged among blue-chip stocks. They mostly failed. For a sector crawling toward legitimacy, the first crop of recreational cannabis earnings did little to dispel longstanding clichés about those involvedRead More →
Reuters Fed Chairman Jerome Powell will talk to reporters on Wednesday after the Fed’s two-day policy meeting. Federal Reserve Chairman Jerome Powell faces a tough task on Wednesday, trying to steer clear of word choices that might kickoff a market overreaction, economists said. Making his life tougher is the factRead More →
U.S. stocks marched toward new records midday Tuesday, with the S&P 500 and Nasdaq surpassing their all-time closing highs, as investors parse a wave of corporate earnings, including those from blue-chip consumer-focused companies, Coca-Cola Co. and Procter & Gamble Co. How are major indexes faring? The Dow Jones Industrial AverageRead More →
Don’t miss these top money and investing features: The stories resonating with readers this week include the frustration many teenagers feel about their financial future, as evidenced by the fact that about half of teens weren’t able to pass a basic personal finance quiz. In fact, the quiz will surelyRead More →
© Reuters. FILE PHOTO: A man looks on in front of an electronic board showing stock information at a brokerage house in Nanjing By Wayne Cole SYDNEY (Reuters) – Asian share markets consolidated weekly gains on Friday as Sino-U.S. talks dragged on with no concrete conclusions, while caution ahead ofRead More →
We’re told experiences are supposed to make us happier than stuff — turns out that may apply mostly to the affluent. The famous marshmallow test that predicts future success, based on which kids can resist an immediate treat? That research has similar problems. Meanwhile, the jury’s still out on whetherRead More →
