Dow futures rebounded 260 points Tuesday, one day after the 30-stock average slumped more than double that amidst Wall Street's September slide. Investor concern Monday included risks over this week's Federal Reserve meeting, elevated Covid cases in the U.S., debt ceiling brinkmanship in Washington, and possible financial market contagion from embattled Chinese developer Evergrande. (CNBC) * The first test for […]
Read moreAdvance Auto Parts CEO on chip shortage impact: Aging fleet ‘good for our business’ Advance Auto Parts CEO Tom Greco discusses the rise of electric cars and the impact of chip shortages on the used car industry. AutoNation CEO Mike Jackson will retire after 22 years, the company announced on Tuesday. He will be replaced by Mike Manley, current head […]
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FILE PHOTO: People are seen at a booth of Vanguard Group at a fair during the INCLUSION fintech conference in Shanghai, China September 24, 2020. REUTERS/Cheng Leng(Reuters) – Vanguard Group Inc said on Tuesday it supported environmental and socially focused shareholder resolutions 20% of the time this year, up from 6% in 2020, as climate change and diversity matters drew […]
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FILE PHOTO: A logo is pictured in the headquarters of INEOS chemicals company in Rolle, Switzerland, November 13, 2017. REUTERS/Denis BalibouseLONDON (Reuters) – INEOS said on Wednesday it will convert its vast Scottish petrochemicals plant and oil refinery at Grangemouth to run on hydrogen at a cost of more than 1 billion pounds ($1.4 billion) to make it ‘net zero’ […]
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FILE PHOTO: An employee checks the temperature of a woman at the entrance to a school, amid a rise in coronavirus disease (COVID-19) cases , in Buenos Aires, Argentina April 19, 2021. REUTERS/Agustin MarcarianBUENOS AIRES (Reuters) – Argentina on Tuesday unveiled plans to ease COVID-19 pandemic restrictions, including loosening strict border controls, allowing more commercial activities and getting rid of […]
Read moreDUBAI (Reuters) – Saudi Arabia plans to raise up to 10 billion riyals ($2.67 billion) next year for Amaala, one of its tourism projects on its Red Sea coast, the CEO of The Red Sea Development Company (TRSDC) and Amaala said. Amaala is a resort being built on Saudi Arabia’s north west coast along with the Red Sea project, which […]
Read moreSEC Chair Gensler defends cryptocurrency policy Prochain Capital President David Tawil discusses SEC Chairman Gary Gensler’s cryptocurrency policy and the City of Miami accepting $5 million in funds from city-specific crypto. The Biden administration is preparing an array of actions, including sanctions, to make it harder for hackers to use digital currency to profit from ransomware attacks, according to people […]
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MONTREAL/OTTAWA (Reuters) -Prime Minister Justin Trudeau’s Liberals were on track to win the Canadian election, the CBC and CTV television networks projected, as results trickled in and questions persisted about how strong a government they would form. Trudeau heads a government with a minority of House of Commons seats that relies on the support of other parties to pass legislation. […]
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MONTREAL (Reuters) -Canadians went to the polls on Monday as Prime Minister Justin Trudeau appeared likely to lose his bid for a parliamentary majority after a tough campaign that may have dashed his Liberal Party’s hopes for a convincing win. Trudeau heads a minority government that relies on the support of other parties to pass legislation. With opinion polls last […]
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