NEW YORK (Reuters) – Wall Street’s main indexes ended sharply lower on Thursday, with the Nasdaq index posting its largest daily percentage fall in four months, as technology-related stocks remained under pressure following a rise in U.S. bond yields. The…
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Analysis: Micro-cap stock surge shows investor risk taking, GameStop effect
NEW YORK (Reuters) – Some of the biggest winners on U.S. stock exchanges so far this year have been their smallest members, partly fueled by the GameStop effect, but their gains could be particularly vulnerable if investors get skittish about…
Hong Kongers buying more UK homes after new national security law
HONG KONG (REUTERS) – Hong Kong residents are buying more houses and apartments to lease out for income in Britain, property agents say, a trend that coincides with what many expect to be a wave of emigration after China passed…
Air New Zealand CEO Greg Foran can see light at the end of the Covid tunnel
Air New Zealand boss Greg Foran says he can see light at the end of the Covid tunnel even as the airline projects more significant losses to come. Commenting after Air New Zealand reported a first half pre-tax operating loss…
Belk Pushes Through Quick Reorganization
Belk received a federal bankruptcy court’s approval for its restructuring plan Wednesday after filing for Chapter 11 the previous night. The North Carolina-based department store chain, which had declared assets and liabilities both in the $1 billion to $10 billion…
Global equities rise as U.S. bond yield fears ease
NEW YORK (Reuters) – A gauge of global equity markets rose on Wednesday after Federal Reserve Chair Jerome Powell said interest rates will remain low, calming market jitters sparked by a jump in U.S. Treasury yields on fears that a…
Amex Announces $1M in Grants to Support Historic Small Restaurants
In partnership with the National Trust for Historic Preservation, American Express is launching a national search for historic small restaurants as part of a new grant program called, “Backing Historic Small Restaurants.” Through the program, the companies will support small…
Stimulus: CEOs of Google, Zillow, BlackRock, Visa, and more back Biden's $1.9 trillion proposal
More than 150 chief executives signed a letter on Wednesday urging for more government stimulus and supporting President Joe Biden's $1.9 trillion "American Rescue Plan." Among the executives who signed the letter included Google (GOOGL) CEO Sundar Pichai, Goldman Sachs…
Heathrow issues plea for budget aid as it dives to £2bn loss
Heathrow Airport has issued the chancellor with a string of demands ahead of next week’s budget after reporting a £2bn loss for 2020. The UK’s largest airport said passenger numbers collapsed by 73% over the year as the COVID-19 pandemic…
Asia markets slide as higher bond yields test tech sector
SINGAPORE (Reuters) – Falling tech stocks in China and Hong Kong pulled Asia’s markets sharply lower on Wednesday, as recent gains in U.S. Treasury yields put lofty equity valuations under pressure even as bond markets stabilised.FILE PHOTO: A man wearing…