By Lewis Krauskopf, Bansari Mayur Kamdar and Shreyashi Sanyal (Reuters) – Wall Street’s main indexes rebounded on Thursday with solid gains for technology and growth shares as Treasury yields steadied and investors sought bargains a day after the Nasdaq fell into correction territory. All 11 major S&P 500 sectors were higher. Megacap stocks gave the…
By Abhijith Ganapavaram and Nathan Gomes (Reuters) – Union Pacific Corp said COVID-19 cases among its staff and paid time off for people getting inoculated may hurt its ability to move freight in the current quarter, but that impact should still be less than the 4% slump in volume in the previous quarter. The company’s…
WASHINGTON (Reuters) -The U.S. Senate Judiciary Committee on Thursday approved a bill that would bar tech giants like Amazon.com Inc and Alphabet Inc’s Google from giving preference to their own businesses on their websites. The biggest technology companies, including Meta Platforms Inc’s Facebook and Apple Inc , have been under pressure in Congress because of…
By Clare Jim and Marc Jones HONG KONG/LONDON (Reuters) – A key group of China Evergrande’s international creditors said on Thursday they were ready to take “all necessary actions” to defend their rights if the property developer did not show more urgency to resolve a default. Evergrande is the world’s most indebted property company, with…
(Reuters) – U.S. Trade Representative Katherine Tai said on Thursday that global trade policy makers should not try to recreate the pre-pandemic trading system but should build one that is more resilient, sustainable and supportive of higher living standards. Speaking in a virtual panel of the World Economic Forum, Tai cautioned against a backward-looking “return…
By Arriana McLymore NEW YORK, NY (Reuters) – Walmart’s top e-commerce executive Casey Carl is leaving the company at the end of February after nearly two years, the company said in an internal memo. Carl will be replaced by Tom Ward, Walmart’s senior vice president of last mile deliveries. Ward’s new title will be executive…
By Stephen Culp NEW YORK (Reuters) – The dollar pared earlier gains on Thursday as this week’s upward trajectory of in U.S. Treasury yields took a breather. The greenback edged lower after weekly applications for unemployment insurance unexpectedly jumped to a three-month high. A separate report showed that sales of pre-owned U.S. homes dropped by…
(Reuters) – A U.S. regulator on Thursday said it has fined a unit of Credit Suisse Group AG $9 million for violating laws and rules designed to protect investors, including a requirement to disclose potential conflicts of interest when issuing research reports. Credit Suisse did not admit or deny wrongdoing in agreeing to settle with…
By Sarah Morland and Olivier Sorgho (Reuters) -French train maker Alstom’s shares had a rocky morning on Thursday, after its quarterly update on sales and orders sparked a mixed response from traders and financial analysts. The stock initially climbed over 3% before plummeting to trade down 5% and trigger an automatic dealing suspension on Euronext…
(Reuters) -Union Pacific Corp reported a 23.9% rise in quarterly profit on Thursday, as the company shipped more industrial chemicals, metals and forest products. The Omaha, Nebraska-based rail operator benefited from rising shipments ahead of the holiday season as an increase in industrial activity resulted in more companies shipping out products to consumers. Union Pacific’s…
