S&P 500 ends higher, led by defensive shares

S&P 500 ends higher, led by defensive shares

Fed’s Collins sees 75-bps hike on the table Grindr surges in market debut Gap shares rise on upbeat results Indexes up: Dow 0.59%, S&P 0.48%, Nasdaq 0.01% Nov 18 (Reuters) – Wall Street’s benchmark S&P 500 index ended higher on Friday in a choppy trading session, as gains in defensive shares overshadowed energy declines, and … Read more

Wall Street drops as hawkish Fed official comments weigh

Wall Street drops as hawkish Fed official comments weigh

Fed’s Bullard backs more rate hikes Data shows US labor market remains tight Cisco shares rise after co raises full-year outlook Macy’s jumps on profit forecast raise Indexes down: Dow 0.02%, S&P 0.31%, Nasdaq 0.35% Nov 17 (Reuters) – Wall Street’s main indexes ended modestly lower on Thursday in a choppy session as hawkish comments … Read more

Walmart lifts annual forecast, announces $20 bln share buyback

Walmart lifts annual forecast, announces $20 bln share buyback

Nov 15 (Reuters) – Walmart Inc (WMT.N) on Tuesday lifted its annual sales and profit forecast as demand for groceries holds up despite higher prices, while discounts on clothing and electronics helped it cut back excess inventories ahead of the busy holiday season . The company also announced a new $20-billion share buyback plan, sending … Read more

Wrangling over Ukraine war dominates summit of G20 major economies

Wrangling over Ukraine war dominates summit of G20 major economies

Draft declaration: ‘Most’ G20 members condemn Ukraine war Ukraine’s Zelenskiy pushes his plan to end conflict Indonesia appeals for end to political polarization US President Biden skips gala dinner on island of Bali NUSA DUA, Indonesia, Nov 15 (Reuters) – A Western-led push to condemn Russia’s invasion of Ukraine dominated Tuesday’s Group of 20 summit … Read more

Amazon to lay off thousands of employees -source

Amazon to lay off thousands of employees -source

Nov 14 (Reuters) – Amazon.com Inc (AMZN.O) is planning to lay off around 10,000 employees in corporate and technology roles beginning this week, a person familiar with the matter said on Monday, in what would amount to its biggest such discount to date. The cuts, earlier reported by the New York Times, would represent about … Read more

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

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

Growth stocks lead value, Nasdaq rallies Nasdaq and S&P 500 gain 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 ended sharply higher on Friday, extending a rally started the day before after a soft inflation reading raised hopes the Federal Reserve would … Read more

US judge declares Biden’s student debt relief plan unlawful

US judge declares Biden's student debt relief plan unlawful

Nov 10 (Reuters) – A federal judge in Texas on Thursday ruled that President Joe Biden’s plan to cancel hundreds of billions of dollars in student loan debt was unlawful and must be vacated, delivering a victory to conservative opponents of the program. US District Judge Mark Pittman, an appointee of former Republican President Donald … Read more

Musk sells Tesla shares worth $3.95 bln days after Twitter takeover

Musk sells Tesla shares worth $3.95 bln days after Twitter takeover

Nov 8 (Reuters) – Tesla Inc. (TSLA.O) Chief Executive Officer Elon Musk has sold $3.95 billion worth of shares in the electric vehicle maker, according to US regulatory filings, days after he completed his purchase of Twitter Inc for $44 billion. Musk, whose net worth dropped below $200 billion after investors dumped Tesla stock, unloaded … Read more

China’s COVID epicenter shifts to Guangzhou, more lockdowns loom

China's COVID epicenter shifts to Guangzhou, more lockdowns loom

Southern manufacturing hub fighting worst COVID-19 flare-up Cases double in Zhengzhou, production base for Apple supplier Chinese stocks, currency slip over virus fears BEIJING, Nov 8 (Reuters) – New coronavirus cases surged in Guangzhou and other Chinese cities, official data showed on Tuesday, with the global manufacturing hub becoming China’s latest COVID1-9 epicenter and testing … Read more

Apple warns of hit to iPhone shipments from China COVID disruption

Apple warns of hit to iPhone shipments from China COVID disruption

Apple expects lower shipments of iPhone 14 Pro and Pro Max Apple says a China plant operating at sharply reduced capacity Apple supplier Foxconn revises down Q4 outlook TAIPEI, Nov 7 (Reuters) – Apple Inc. (AAPL.O) expects lower shipments of high-end iPhone 14 models than previously anticipated following a significant production cut at a virus-blighted … Read more