By Elizabeth Dilts Marshall NEW YORK (Reuters) – General Motors Co on Monday launched a credit card with Goldman Sachs Group Inc and revamped its rewards program to let customers earn more points to put toward buying or leasing Buicks, Cadillacs and other GM cars, the automaker and bank said in a joint statement. Issued…

By Koh Gui Qing NEW YORK (Reuters) – World stocks stumbled again on Monday while the 10-year Treasury yield hit a two-year high as bets that the U.S. Federal Reserve could raise interest rates as soon as March led investors to pare risky assets. Monday’s drop follows a bruising first week of the year when…

PARIS (Reuters) – Airbus kept its crown as the world’s largest commercial airplane supplier for the third year running as it outstripped Boeing by delivering 611 jets in 2021, company data showed on Monday. The delivery numbers gave Airbus an unassailable lead on revenue-generating deliveries – the industry’s main yardstick – after Boeing only handed…

By Bansari Mayur Kamdar and Shreyashi Sanyal (Reuters) -Wall Street’s main indexes tumbled on Monday, as heavyweight technology stocks dropped on expectations of a sooner-than-expected rate hike that pushed U.S. Treasury yields to fresh two-year highs. The Nasdaq fell as much as 10.37% below its intraday record level reached on Nov. 22. It was last…

By Deborah Mary Sophia (Reuters) -Lululemon Athletica Inc said on Monday the Omicron coronavirus variant had dented its holiday-quarter performance, pushing the yoga-wear maker to cut staff and store hours during the busiest shopping period of the year, sending its shares down about 5%. Omicron has further hurt the retail sector that has been grappling…

By Lucia Mutikani WASHINGTON (Reuters) -U.S. wholesale inventories increased more than initially thought in November, suggesting that the restocking of warehouses likely contributed strongly to economic growth last quarter. The almost broad increase in inventories reported by the Commerce Department on Monday also offered more hope that supply bottlenecks were easing. It followed in the…

By Nivedita Balu and Tiyashi Datta (Reuters) -Take-Two Interactive said on Monday it would buy Zynga for $11.04 billion in a deal that will bring the smash-hit video game “Grand Theft Auto” and mobile-friendly “FarmVille” under one roof as demand for affordable on-the-go gaming surges. The deal, one of the biggest in the sector, will…

(Reuters) – U.S. Senator Elizabeth Warren sharpened her criticism of the Federal Reserve on Monday over its handling of an ethics scandal at the central bank ahead of the renomination hearing of Fed Chair Jerome Powell. Warren, a Democrat and member of the Senate Banking Committee, is one of the lawmakers Powell will appear before…

(Reuters) – Wall Street’s main indexes opened lower on Monday as heavyweight technology stocks dropped on expectations of a high interest rate environment, while big banks extended gains after U.S. Treasury yields climbed to new two-year highs. The Dow Jones Industrial Average fell 56.45 points, or 0.16%, at the open to 36,175.21. The S&P 500…

(Reuters) -Canadian cannabis producer Tilray Inc on Monday reported a surprise quarterly profit helped by savings achieved from its reverse-merger with Aphria and pledged more cost cuts, pushing its shares more than 12% higher in premarket trading. Tilray also pledged an additional $20 million in cost cuts over the $80 million originally planned from the…