By Katanga Johnson and Tommy Wilkes WASHINGTON/LONDON (Reuters) – Equities around the globe traded little changed on Thursday as oil prices fell and the U.S. dollar dipped against most major currencies although it has had its best year since 2015 with a 6.7% rise. With several markets in Asia and Europe closed on Friday, trading…
By Saqib Iqbal Ahmed NEW YORK (Reuters) -Investors have piled into traditionally defensive stocks in the last weeks of the year, spurring a rally some believe may lose steam early in 2022. The S&P 500’s top performing sectors this month are consumer staples, real estate investment trusts, healthcare and utilities. Each of the sectors, which…
By Abhijith Ganapavaram (Reuters) – Spirit Airlines Inc flight attendants are receiving double pay on any work through Jan. 4, their union said, as the budget carrier scrambles to keep its schedules intact after U.S. airlines were hammered by a week of mass cancellations. The holiday season has been marred by delayed or canceled flights,…
By Ece Toksabay and Tuvan Gumrukcu ANKARA (Reuters) – Turkey’s lira has logged its worst year since President Tayyip Erdogan came to power nearly two decades ago, despite his appeal on Friday for Turks to trust his unorthodox policies of slashing interest rates in the face of soaring inflation. The lira – by far the…
(Reuters) -CES will now end a day earlier than planned, the organizer of the global technology and gadget show said, after companies including Amazon.com Inc and General Motors Co dropped out of attending the Las Vegas event in person due to Omicron concerns. “The step was taken as an additional safety measure to the current…
(Reuters) – Bank of America Corp is encouraging employees to work remotely in the first week of January, according to a person familiar with the matter, as a spike in COVID-19 cases in the United States force Wall Street banks to postpone return-to-office plans. Bank of America, which has pushed employees to get fully vaccinated,…
By Abhijith Ganapavaram (Reuters) – Spirit Airlines Inc flight attendants are receiving triple pay on any work through Jan. 4, their union said, as the budget carrier scrambles to keep its schedules intact after U.S. airlines were hammered by a week of mass cancellations. The holiday season has been marred by delayed or canceled flights,…
By Stephen Culp (Reuters) – Wall Street edged lower in light trading on Friday, with investors taking a breather as they prepared to ring in the new year and close the books on 2021, marking the second year of recovery from a global pandemic. All three major U.S. stock indexes are set for weekly, monthly,…
By John McCrank NEW YORK – The dollar index dipped on Friday in quiet holiday trading, but was set to end 2021 with a gain of nearly 7% as investors bet the U.S. Federal Reserve will raise rates earlier than most other major economies amid surging inflation driven by COVID-19 stimulus initiatives. The dollar index,…
By Katanga Johnson and Tommy Wilkes WASHINGTON/LONDON (Reuters) – Global equities wavered between modest gains and losses on Friday in thin trading but were set to post double-digit gains for the year. Oil prices, meanwhile, retreated from $80 a barrel but still saw their biggest annual rise since 2009. The U.S. dollar, which has had…
