Business
Stocks Rise, U.S. Yield Falls; Demand Weighs On Oil
Treasury yields fell on Wednesday after Federal Reserve officials steered clear of tightening monetary conditions any time soon despite expectations of higher inflation, while stocks edged higher and an inventory spike pressured oil prices lower.
EasyJet Cabin Crew To Help With UK Vaccination Programme
British airline easyJet said the National Health Service (NHS) would train hundreds of its cabin crew to administer COVID19 vaccines under a fasttrack scheme designed to help boost the country's vaccination efforts.
S&P 500, Nasdaq Tick Higher On Intel Boost
The S&P 500 and the Nasdaq rose in choppy trading on Wednesday as Intel shares jumped thanks to a change in management while broader sentiment was muted after a recent run to record highs.
Target Holiday Sales Jump 17% As Shoppers Splurge Online
Target Corp reported a 17.2% rise in comparable sales for the holiday season on Wednesday as its online sales more than doubled, thanks to faster deliveries and higher demand for home goods, electronics and beauty products.
Consumer Prices Up 0.4% In December Led By Higher Gas Prices
U.S. consumer prices rose 0.4% in December, led by a sharp rise in gasoline prices.
Global Economy Can Shake Off Pandemic In 2021, Leaders Say
Vaccines and fresh economic stimulus promised by U.S. Presidentelect Joe Biden will give the global economy a chance to put the coronavirus pandemic behind it in 2021, policymakers and industry leaders told the Reuters Next conference.
Oil Settles Up, Near $57 On Tight Supply Expectations
Oil hit an 11month high just below $57 a barrel on Tuesday, bolstered by Saudi Arabia's plans to limit supply, offsetting worries that rising coronavirus cases globally would curtail fuel demand.
Byju's to Acquire Testprep Firm Aakash Educational Services for $1 Billion: Report
Last year, Byju's had raised about $200 million (about Rs 1,483 crore) in fresh funding from investors, including BlackRock and T Rowe Price.
Newcomers Flex Muscle In 2020 Corporate Activist Campaigns -Lazard Data
New activist investors made nearly one third of all demands for operational fixes, refreshed boards, and sales of lagging units in 2020, eager to pursue strategies already employed by bluechip agitators like Elliott Management and Starboard Value.
U.S. Job Openings Fall In November; Layoffs Rise
U.S. job openings fell in November, while layoffs mounted at restaurants and hotels amid rampant COVID19 infections, supporting views that the labor market recovery from the pandemic was stalling.
GM Charges Up New Unit To Sell Electric Delivery Vans, Gear
The market for batterypowered delivery vehicles and equipment has so much potential that General Motors is forming a new business unit to serve it.
Spain Aims For All Care Home Residents To Get First COVID-19 Vaccine Dose By Weekend
Spain aims for all its nursing home residents to have received a first dose of vaccine against the coronavirus by the end of the week, Health Minister Salvador Illa said on Tuesday after a cabinet meeting.
Volkswagen Recalls 56,000 Golf Models For Software Update
Volkswagen will recall 56,000 of its bestselling Golf models to fix software problems that affect the infotainment system and reversing camera, the German company said on Tuesday.
Oil Hits 11-month High Towards $57 As Saudi Cut Supports
Oil hit an 11month high towards $57 a barrel on Tuesday as tighter supply and expectations of a drop in U.S. inventories offset concerns over climbing coronavirus cases globally.
Global Markets: Stocks Take A Breather, Bonds Under Biden Pressure
Shares were mixed on Tuesday as investors paused to assess how much worse the COVID19 pandemic could get while waiting for a new earnings season on Wall Street to inject fresh direction.
Investors Look To Upcoming U.S. Earnings For A View Into 2021
Investors will be anxious to see whether upcoming quarterly reports and outlooks from U.S. companies validate expectations for a strong 2021 rebound in earnings and the economy, which were ravaged by the coronavirus pandemic last year.