Business

Stocks crept higher on Thursday following their weakest quarter in a year, while higher Treasury yields supported the dollar, as investors parsed the details of a $2 trillion U.S. government spending plan and hoped for […]

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Huawei’s revenue growth slowed dramatically last year as the impact of U.S. sanctions and the economic fallout from the coronavirus weighed on the Chinese technology giant, CNBC reported. Revenue for 2020 totaled 891.4 billion yuan […]

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Home price gains are accelerating at an alarming pace, fueled by Covid pandemic-related inflation, which some claim is not getting enough attention from the Federal Reserve, CNBC informed. Home prices nationally in January rose 11.2% […]

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Formal investigations into how the giant container ship Ever Given ran aground in the Suez Canal, shutting down shipping in the major global waterway for almost a week, begin on Wednesday, a canal official told […]

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Global stocks wavered on Wednesday while the safe-haven dollar held near five-month highs as Treasury yields resumed their upward march before U.S. President Joe Biden announces a multitrillion-dollar plan to rebuild America’s infrastructure, Reuters reported. […]

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U.S. consumer confidence raced in March to its highest level since the start of the COVID-19 pandemic, supporting views that economic growth will accelerate in the coming months, driven by more fiscal stimulus and an […]

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Global stock markets rose on Tuesday as investors shook off worries about a hedge fund default that hit international banking stocks overnight and remained focused on the global COVID-19 vaccination programme, Reuters informs. European stocks […]

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Swiss bank Credit Suisse said Monday it may have suffered a “highly significant” loss from a default by a U.S.-based hedge fund on margin calls that it and other banks made last week, while Japan’s […]

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U.S. stock futures were muted in early morning trading Wednesday amid renewed investor concern about the global recovery from the coronavirus pandemic, CNBC writes. Dow futures edged 30 points higher. S&P 500 futures were roughly […]

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The U.S. economy may be “on the brink of completing the recovery” from the recession triggered by the coronavirus pandemic, Richmond Federal Reserve President Thomas Barkin said on Sunday, although risks remain for some workers, […]

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Oil prices rose by more than $1 on Friday, after a big sell-off in the previous session as a new wave of coronavirus infections across Europe triggered fresh lockdowns and dampened expectations of any imminent […]

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 The Federal Reserve on Wednesday repeated its pledge to keep its target interest rate near zero for years to come after projecting a rapid jump in U.S. economic growth and inflation this year as the […]

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Asian stocks rose on Tuesday, tracking Wall Street’s advance to record highs, as investors anticipated the U.S. Federal Reserve and other central banks meeting this week will keep policies accommodative to help drive a post-pandemic […]

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Bitcoin, the world’s biggest cryptocurrency, on Saturday reached a record high, trading up to $59,755, Reuters writes. Bitcoin is up more than 2% from its previous year high of $58,354.14 on Feb. 21. Bitcoin’s price […]

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Global shares were flat on Friday but within sight of a record high while oil edged lower as benchmark debt yields climbed, helping to curb the latest stimulus-driven rally, Reuters informed. Gains in Asian stock […]

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Investors concerned about demand for U.S. Treasury debt will be watching Wednesday’s 10-year auction for clues to where yields in the recently volatile market may be headed, Reuters informed. The U.S. Treasury Department has increased […]

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The U.S. dollar rose on Wednesday, clawing back some of its losses sustained overnight, as U.S. yields found a floor following their drop from one-year highs, Reuters reported. Riskier currencies including the Australian and New […]

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Stock futures jumped in early trading Tuesday after bond yields declined, causing investors to buy the dip in beaten-up technology shares, CNBC reports. Dow Jones Industrial Average futures rose 179 points, or 0.6%. S&P 500 […]

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Bitcoin mania has fuelled a surge in fundraising by Chinese companies seeking to expand their cryptocurrency operations or move into the red-hot sector, Reuters reported. From large listed companies tapping public markets to smaller players […]

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U.S. futures fell early Monday morning as a new stimulus package from Washington headed toward final passage this week, CNBC reported. Futures contracts tied to the Dow Jones Industrial Average erased earlier gains of more […]

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World shares dipped on Monday as the U.S. Senate’s passage of a $1.9 trillion stimulus bill put fresh pressure on Treasuries and tech stocks with lofty valuations, raising inflation jitters, Reuters reported. These concerns overshadowed […]

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U.S. job growth likely accelerated in February as more services businesses reopened amid falling new COVID-19 cases, quickening vaccination rates and additional pandemic relief money from the government, putting the labor market recovery back on […]

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China was the biggest source of applications for international patents in the world in 2020 for the second consecutive year and extended its lead over No. 2 filer the United States, the U.N. patent agency […]

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European shares paused on Tuesday as investors sought to guess the bond market’s next move, while weak German retail sales were a stark reminder of continued COVID-19 fallout on the region’s biggest economy, Reuters reported. […]

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Alibaba and Ant Group founder Jack Ma has lost the title of China’s richest man, a list published on Tuesday showed, as his peers prospered while his empire was put under heavy scrutiny by Chinese […]

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