U.S. business borrowing for equipment rises 21% in August – ELFA

FILE PHOTO: The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York City, U.S., April 26, 2020. REUTERS/Jeenah Moon(Reuters) – Borrowings by U.S. companies for capital investments rose 21% in August from a year earlier, the Equipment Leasing and… Continue reading U.S. business borrowing for equipment rises 21% in August – ELFA

Fed's Powell: 'no one' happy with fellow policymakers' trading

(Reuters) -U.S. Federal Reserve Chair Jerome Powell said on Wednesday he was displeased with the active investing carried out by two Fed regional bank presidents and pledged the central bank’s ethics rules will be tightened after a thorough review.FILE PHOTO: Federal Reserve Chair Jerome Powell takes his seat to testify before a Senate Banking, Housing… Continue reading Fed's Powell: 'no one' happy with fellow policymakers' trading

Wall Street ends down, Apple sinks on app store ruling

(Reuters) – Wall Street ended lower on Friday as investors weighed signs of higher inflation, while Apple Inc tumbled following an unfavorable court ruling related to its app store.FILE PHOTO: A trader works on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 20, 2021. REUTERS/Andrew KellyU.S. producer… Continue reading Wall Street ends down, Apple sinks on app store ruling

Wall Street opens higher after Biden-Xi call

FILE PHOTO: A trader works on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 20, 2021. REUTERS/Andrew Kelly(Reuters) – Wall Street’s main indexes opened higher on Friday as signs of an easing in tensions between the United States and China added to recent data that soothed fears… Continue reading Wall Street opens higher after Biden-Xi call

Kioxia favours IPO over Western Digital merger offer-paper

TOKYO (Reuters) -Japan’s Kioxia Holdings Corp, the world’s second-largest maker of NAND flash memory chips, plans to push ahead with an initial public offering (IPO) rather than a stock merger with Western Digital, the Nikkan Kogyo newspaper reported on Friday. Kioxia is planning to offer its shares in November after a general election in Japan… Continue reading Kioxia favours IPO over Western Digital merger offer-paper

Buffett-backed Nubank to seek IPO valuation of over $55 billion -sources

BANGALORE/SAO PAULO (Reuters) -Brazil’s Nubank is seeking a valuation in its planned U.S. initial public offering that would push the eight-year-old fintech past the $55.4 billion value of the country’s top traditional lender, two sources familiar with the matter said.The logo of Nubank, a Brazilian FinTech startup, is pictured at the bank’s headquarters in Sao… Continue reading Buffett-backed Nubank to seek IPO valuation of over $55 billion -sources

This Is America’s Most Popular Pickup Truck

Pickup trucks have become the backbone of the U.S. car industry. The Ford F-150 is the best-selling vehicle in America and has been for over four decades. It is also, many months, over a quarter of all of Ford’s unit sales. GM’s Chevy Silverado is its top-selling vehicle. Fiat Chrysler’s (recently folded into Stellantis) top-selling… Continue reading This Is America’s Most Popular Pickup Truck

Wall St edges higher at open on tech boost

Signage hangs over the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 19, 2021. REUTERS/Andrew Kelly(Reuters) – Wall Street’s main indexes opened higher on Friday, lifted by a rise in technology stocks, although concerns over a slowing economic recovery and the possible tapering of monetary stimulus put… Continue reading Wall St edges higher at open on tech boost

Wall St edges higher at open on tech boost

Signage hangs over the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 19, 2021. REUTERS/Andrew Kelly(Reuters) – Wall Street’s main indexes opened higher on Friday, lifted by a rise in technology stocks, although concerns over a slowing economic recovery and the possible tapering of monetary stimulus put… Continue reading Wall St edges higher at open on tech boost

Foreign aid trickles in to rural Haiti amid struggle to count victims

CAVAILLON, Haiti (Reuters) -A drip of foreign aid began to reach more rural areas of southwestern Haiti on Thursday, arriving five days after a powerful earthquake here killed more than 2,000 and flattened tens of thousands of buildings into rubble. Hundreds of people lined up to receive provisions from the U.N. World Food Programme at… Continue reading Foreign aid trickles in to rural Haiti amid struggle to count victims

Brazil tycoon Tanure takes Alliar stake, threatening Rede D'or bid

SAO PAULO (Reuters) – Investment funds linked to businessman Nelson Tanure have bought around 26% of medical diagnostics company Alliar, he said on Thursday, complicating a proposed takeover by hospital chain Rede D’Or. Tanure released a statement after markets closed saying he had become Alliar’s biggest individual shareholder, acquiring an additional 21.14% stake on Thursday… Continue reading Brazil tycoon Tanure takes Alliar stake, threatening Rede D'or bid

Wall Street falls 1% after weak retail sales, Home Depot results

(Reuters) – Wall Street’s main indexes dropped about 1% on Tuesday, weighed down by a drop in U.S. retail sales that raised concerns about the economic recovery, as well as by disappointing results from Home Depot.FILE PHOTO: Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City,… Continue reading Wall Street falls 1% after weak retail sales, Home Depot results

Fed's Rosengren: Another strong jobs report could support September taper announcement

FILE PHOTO: The Federal Reserve Bank of Boston’s President and CEO Eric S. Rosengren speaks in New York, April 17, 2013. REUTERS/Keith Bedford(Reuters) – Boston Federal Reserve Bank President Eric Rosengren said on Monday that one more month of strong job gains could satisfy the U.S. central bank’s requirements for beginning to reduce its monthly… Continue reading Fed's Rosengren: Another strong jobs report could support September taper announcement

Nasdaq falls after weak China data; defensive shares shine

(Reuters) – The Nasdaq fell on Monday after weak data on China’s economy, but the Dow and S&P 500 were little changed as stocks recovered from steeper losses earlier in the session and investors moved into defensive sectors.FILE PHOTO: The New York Stock Exchange is pictured in the Manhattan borough of New York City, New… Continue reading Nasdaq falls after weak China data; defensive shares shine

Dow, S&P close at records as Disney offsets drop in sentiment

NEW YORK (Reuters) – The Dow Industrial and S&P 500 edged up to closing records on Friday and notched a second straight week of gains, buoyed by a climb in Walt Disney shares, but a sharp drop in consumer sentiment kept gains in check.Traders work on the trading floor at the New York Stock Exchange… Continue reading Dow, S&P close at records as Disney offsets drop in sentiment

Strong Disney earnings push S&P 500, Dow to new peaks

(Reuters) – The Dow and the S&P 500 opened at record highs on Friday, boosted by Walt Disney and tech-related shares, while signs of cooling inflation and a strong recovery in corporate earnings put the indexes on track for a second straight weekly gain.FILE PHOTO: People walk by the New York Stock Exchange (NYSE) in… Continue reading Strong Disney earnings push S&P 500, Dow to new peaks

Adidas sells Reebok to Authentic Brands for $2.5 billion

BERLIN (Reuters) -Adidas is selling its Reebok business to Authentic Brands Groups (ABG) for up to 2.1 billion euros ($2.5 billion) as the German sporting goods company seeks to focus on its core brand after a deal that failed to live up to expectations.FILE PHOTO: Boards with Reebok store logo are seen on a shopping… Continue reading Adidas sells Reebok to Authentic Brands for $2.5 billion

Slowing inflation growth lifts Dow, S&P to records

NEW YORK (Reuters) – The Dow Jones Industrial Average and S&P 500 closed at record levels on Wednesday, as data indicated U.S. inflation growth may have peaked, while sectors tied to economic growth advanced on the heels of the passage of a large infrastructure bill. The Labor Department said the consumer price index increased 0.5%… Continue reading Slowing inflation growth lifts Dow, S&P to records

Democrats warn Republicans against partisan fight over debt limit

WASHINGTON (Reuters) -U.S. Senate Majority Leader Chuck Schumer said on Wednesday he did not believe Republicans would let the United States default on its debt as the government approaches its borrowing capacity, warning such a lapse would be perilous for the country. Dozens of Republicans have signed a pledge not to raise the debt limit,… Continue reading Democrats warn Republicans against partisan fight over debt limit

S&P 500 edges down on virus woes, slowing economy

(In paragraph 2, corrects to show that Waller was speaking on CNBC. Corrects paragraph 3 to read, “He also suggested the Fed could announce in September it would start to …”, not “…the Fed could start to reduces its monthly bond purchases in September…”) NEW YORK (Reuters) – The S&P 500 Index closed slightly lower… Continue reading S&P 500 edges down on virus woes, slowing economy

Wall St mostly edges up as investors eye tech earnings, Fed meeting

NEW YORK (Reuters) – The three major U.S. stock indexes were mostly higher but near the little-changed mark on Monday as investors looked forward to earnings this week from heavyweight technology names and braced for a policy meeting by the Federal Reserve.FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange… Continue reading Wall St mostly edges up as investors eye tech earnings, Fed meeting

Wall St mostly edges up as investors eye tech earnings, Fed meeting

NEW YORK (Reuters) – The three major U.S. stock indexes were mostly higher but near the little-changed mark on Monday as investors looked forward to earnings this week from heavyweight technology names and braced for a policy meeting by the Federal Reserve.FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange… Continue reading Wall St mostly edges up as investors eye tech earnings, Fed meeting

Wall Street extends rally, S&P, Nasdaq on course for record closing highs

NEW YORK (Reuters) – Wall Street rallied for the fourth consecutive session on Friday, with the S&P 500 and the Nasdaq on track for record closing highs as upbeat earnings put investors in a buying mood.FILE PHOTO: A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York… Continue reading Wall Street extends rally, S&P, Nasdaq on course for record closing highs

Dow sinks 2% as virus surge stifles recovery hopes

(Reuters) – The Dow sank more than 2% on Monday as fears a spike in COVID-19 cases would halt a broader economic recovery pummeled economically sensitive and travel stocks and pushed bond yields to five-month lows.FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013.… Continue reading Dow sinks 2% as virus surge stifles recovery hopes