(Reuters) – The U.S. Senate on Wednesday voted overwhelmingly to confirm Philip Jefferson, an economist and Davidson College’s dean of faculty, to the Federal Reserve Board. Jefferson’s appointment was approved by a 91-7 vote with all of the no votes coming from Republicans. He is the fourth Black man to be a governor at the…
By Sinéad Carew NEW YORK (Reuters) – Wall Street stocks closed sharply lower and Treasury yields fell in Wednesday’s volatile session as oil prices rallied and investors worried about the potential for an economic slowdown. U.S. equity indexes had traded higher and lower during the volatile session as investors picked through U.S. inflation data for…
By James Davey LONDON (Reuters) – Tesco, Britain’s biggest retailer, has tied-up with office rental firm IWG so that people can use their local supermarket as an office. The deal with Tesco is part of IWG’s plan to add 1,000 new locations to its global network this year as post-COVID-19 demand for hybrid working accelerates….
(Corrects the headline and recasts the May 10 article to clarify Omari’s departure was unrelated to the flash crash) By Sinead Cruise LONDON (Reuters) -Citigroup is looking for a new senior manager within its Delta One operations, a trading unit that sells financial products to sophisticated investors, according to three people familiar with the matter…
(Reuters) – Bitcoin fell 7.23% to $28,758.29 at 22:05 GMT on Wednesday, losing $2,241.68 from its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is down 40.4% from the year’s high of $48,234 on March 28. Ether, the coin linked to the ethereum blockchain network, dropped 11.56% to $2,071.46 on Wednesday, losing $270.66 from…
(Reuters) -Bumble Inc beat first-quarter profit and revenue estimates on Wednesday, helped by a rise in paying members crowding its dating apps to seek connection, sending the company’s shares up 11% in after-hours trading. The resurgence in COVID-19 cases has helped dating apps to keep users picked up during the pandemic, as people stuck at…
(Reuters) -Beyond Meat Inc missed estimates for quarterly revenue on Wednesday, as the plant-based protein maker battled sizzling competition from deep-pocketed players looking to grab a slice of its market share, sending its shares down 22%. Waning consumer interest in plant based meat, rising competition from established players such as Tyson Foods Inc and Kellogg…
By Lisa Richwine and Eva Mathews (Reuters) -Walt Disney Co eased concerns about streaming video by picking up 7.9 million new Disney+ customers from January through March, sending shares of the entertainment giant up 3.5% in after-hours trading on Wednesday. Wall Street had been expecting 5.3 million new Disney+ customers. Disney still has a long…
By David Morgan (Reuters) -Jerome Powell, nominated for a second term as chair of the U.S. Federal Reserve, could win Senate confirmation as soon as late Wednesday, according to a timeline outlined by Senate Banking Committee Chair Sherrod Brown. Lawmakers are also expected to vote on President Joe Biden’s other Fed nominee, Davidson College dean…
(Deletes extraneous material) (Reuters) – Jerome Powell, nominated for a second term as chair of the Federal Reserve by President Joe Biden, could get U.S. Senate confirmation late on Wednesday, according to a timeline outlined by Senate Banking Committee Chair Sherrod Brown. Asked the status of the Senate votes on Powell and a seocnd Fed…
