S&P 500 is recovering as investors notice rate hikes on the back of rising jobless claims

Weekly jobless claims are rising in line with estimates Moderna, Pfizer Up as FDA Approves Updated COVID Boosters Exxon climbs after stimulating buyback program Indexes up: Dow 0.76%, S&P 0.98%, Nasdaq 1.45% Dec 8 (Reuters) – The S&P 500 index (.SPX) rose on Thursday and appeared on track to break a five-session losing streak as … Read more

Wall St losses capped as Amazon wins on happy Cyber ​​Monday

Cyber ​​Monday spends record $11.6 billion – report Biogen down after death in Alzheimer’s drug trial Indices Off: Dow 0.47%, S&P 0.60%, Nasdaq 0.35% Nov 28 (Reuters) – Wall Street’s major indices fell on Monday amid concerns over protests in major Chinese cities against strict COVID-19 policies, though gains at Amazon helped limit losses as … Read more

Adidas launches investigation into allegations of misconduct against Kanye West

Nov 24 (Reuters) – Adidas AG (ADSGn.DE) said on Thursday it has launched an investigation into allegations of inappropriate behavior by Kanye West after the German sporting goods manufacturer ended its partnership with the rapper and fashion designer last month. Adidas said it initiated the investigation after receiving an anonymous letter containing several allegations against … Read more

China’s COVID infections hit a record as economic outlook worsens

China hit record high during the Shanghai outbreak in April Cabinet hints at reduction of reserve ratio requirement (RRR) Nomura cuts China’s GDP targets as lockdowns expand Chinese stocks fall, lagging rise in global stocks BEIJING, Nov 24 (Reuters) – China reported a record number of COVID-19 infections on Thursday, with cities across the country … Read more

Foxconn’s huge iPhone factory in China rocked by new worker unrest

Images on the internet show hundreds of workers protesting Surveillance cameras and windows smashed by men with sticks Workers complain about unpaid wages and insufficient food Foxconn says it is working to prevent a recurrence of violence SHANGHAI/TAIPEI, Nov 23 (Reuters) – Hundreds of workers took part in protests at Foxconn’s (2317.TW) flagship iPhone factory … Read more

China widens COVID sidewalks, Apple factory unrest adds to economic concerns

COVID restrictions are increasing as the number of cases increases iPhone factory unrest adds to economic concerns, highlights frustrations Analysts warn of potential for wider lockdowns BEIJING, Nov 23 (Reuters) – Chinese cities imposed more curbs on Wednesday to curb rising coronavirus cases, heightening investor concerns about the economy as new unrest at the world’s … Read more

First TVs, now tortillas: U.S. companies set floor prices to stop discounts

NEW YORK, Nov 17 (Reuters) – Manufacturers of everything from toys to tortillas are increasingly setting minimum prices on their goods to preserve profits and limit price cuts, while retailers such as Walmart Inc (WMT.N) and Amazon.com Inc (AMZN.O) ) try to grab online turnover from each other. As a result, customers are getting fewer … Read more

Nasdaq, S&P 500 end sharply higher, fueled by inflation optimism

Growth stocks lead value, Nasdaq rises Nasdaq and S&P 500 rise for second day Indexes End: S&P 500 +0.93%, Nasdaq +1.88%, Dow +0.10% Nov 11 (Reuters) – The S&P 500 and Nasdaq finished sharply higher on Friday, continuing a rally that had started the day before after soft inflation raised hopes that the Federal Reserve … Read more

Exxon’s Record Third Quarter Earnings Nearly Match Apple’s

Oil company beats Wall Street forecast with $19.7 billion profit Exxon’s fossil fuel bets eclipse rivals Shell, TotalEnergies Company projects flat oil production this year on losses in Russia HOUSTON, Oct. 28 (Reuters) – Exxon Mobil Corp (XOM.N) surpassed expectations on Friday as rising energy prices fueled a record-breaking quarterly profit, nearly equal to that … Read more

EU wants 40-man antitrust team to enforce new tech rules, official says

BRUSSELS, Oct. 27 (Reuters) – EU antitrust regulators want to set up a 40-man team and hire a technology expert to enforce strict new rules aimed at curtailing Big Tech’s powers, an EU official said Thursday. The rules known as the Digital Markets Act (DMA) contain a list of do’s and don’ts for Alphabet (GOOGL.O) … Read more