(Reuters) -Bridgewater Associates Chief Executive Officer David McCormick has stepped down from his role to run for an open United States Senate seat in Pennsylvania, the world’s largest hedge fund said on Monday. The Westport, Connecticut-based company appointed Deputy CEO Nir Bar Dea and co-Chair of operating board of directors Mark Bertolini as co-CEOs with…
BERLIN (Reuters) – Daimler Chief Technology Officer Markus Schaefer said the luxury carmaker expects chip supply to remain scarce throughout 2022, particularly in the first half of the year. “Chip scarcity will also accompany us in 2022, particularly in the first half,” Schaefer said to a journalists roundtable. “We do not expect significant production capacity…
(Reuters) – Warner Music Group’s publishing unit has bought late British rock star David Bowie’s entire catalog spanning six decades, including hits such as “Heroes” and “Let’s Dance.” Bowie, who pushed the boundaries of music and his own sanity to produce some of the most innovative songs of his generation, died in 2016 aged 69….
(Reuters) – U.S. investment bank Jefferies Financial Group has asked staff to work remotely until Jan. 31, according to an Instagram post on Monday from Chief Executive Officer Richard Handler. The bank had called its staff back to offices in October, but was forced to return to work-from-home in December due to a spike in…
By Bansari Mayur Kamdar (Reuters) – Futures tracking the S&P 500 neared record levels on Monday as Wall Street looked to extend a recovery from the pandemic shock into the new year, while shares in heavyweight Tesla jumped after the electric carmaker posted bumper delivery numbers. Tesla’s shares rose 6.9% in premarket trading after the…
OSLO (Reuters) -The sale of electric cars in Norway rose last year by 48%, ensuring that almost two out of every three new automobiles were battery powered and making Texas-based Tesla Inc the top selling brand. Seeking to become the first nation to end the sale of petrol and diesel cars by 2025, oil-producing Norway…
(Reuters) – Tesla Inc’s shares were set to open this year at their highest in about a month after reporting stronger-than-expected quarterly deliveries of its electric cars, allaying fears of supply chain woes that other automakers have struggled with. Shares of the world’s most valuable carmaker were up about 7% at $1,126.5 in premarket trading….
LONDON (Reuters) – The dollar ticked up against its major rivals as an upbeat market mood on Monday lifted European equities and government bond yields for the first day of trading of 2022. But with London, Europe’s main FX trading centre closed for a market holiday, volume was expected to remain limited. While the surge…
By Marc Jones LONDON (Reuters) – World stock markets got 2022 off to a confident start on Monday after their third consecutive year of double-digit gains, while the dollar, oil prices and benchmark government bond yields all made early moves higher. London’s traders were enjoying their final day of festive rest, but mainland Europe saw…
By Alex Lawler LONDON (Reuters) -Oil rose towards $79 a barrel on Monday supported by tight supply and hopes of further demand recovery in 2022 spurred in part by a view that the Omicron coronavirus variant is unlikely to significantly dampen the outlook. Libyan oil output will be cut by 200,000 barrels per day for…
