NEW YORK/LONDON (Reuters) – The Taliban stopped an Afghan United Nations staff member as he tried to reach Kabul airport on Sunday. They searched his vehicle and found his U.N. identification. Then they beat him.FILE PHOTO: United Nations Secretary-General Antonio Guterres (L) arrives for the United Nations Security Council meets regarding the situation in Afghanistan at the United Nations in […]
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HOUSTON (Reuters) – U.S. refiner Phillips 66’s decision to market a Louisiana oil processing plant offers a key test of investors’ views on the pace of the transition to electric vehicles, refinery industry experts said on Wednesday.FILE PHOTO: The Phillips 66 gas station in Superior, Colorado, U.S., July 27, 2017. REUTERS/Rick Wilking/File PhotoPhillips 66, the fourth largest U.S. refiner, on […]
Read more(Reuters) – Meditation app Headspace and video-based therapy services provider Ginger said on Wednesday they would merge in a deal valuing the combined company at $3 billion, as the COVID-19 pandemic spurs the use of virtual mental health care platforms. Founded in 2010, Headspace offers sessions, videos and articles on meditation and mindfulness which can be accessed on a mobile […]
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Since the lows in March of 2020, the stock market has doubled. Think about that for a moment. The S&P 500 closed at 2,237 on March 23 of that year and closed Tuesday at 4,486, just over an incredible 100% gain in 17 months. Numerous reasons for this have been cited, including the incredibly loose monetary policy that has been […]
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U.S. stock futures were flat Wednesday, one day after the S&P 500 closed at a record high. The Nasdaq closed above 15,000 for the first time ever. The Dow also saw modest gains but remained about 0.7% away its latest record close on Aug. 16. Investors continued to buy last week's dip, driving the S&P 500 and Nasdaq higher for […]
Read moreFox Business Flash top headlines for August 24 Check out what’s clicking on FoxBusiness.com. Lower mortgage rates are boosting interest in buying a home. Demand for mortgage applications increased 1.6% in the past week, according to the Mortgage Bankers Association's weekly survey. GET FOX BUSINESS ON THE GO BY CLICKING HERE That demand also saw the seasonally adjusted Purchase Index […]
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LONDON (Reuters) – The safe-haven dollar gained on Wednesday to trade above a one-week low versus major peers amid concerns the highly contagious Delta coronavirus variant could derail a global economic recovery.FILE PHOTO: A U.S. dollar banknote is seen in this illustration taken May 26, 2020. REUTERS/Dado Ruvic/Illustration/File PhotoRisk appetite in global markets has improved since the U.S. Food and […]
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New York (CNN Business)The SPAC party on Wall Street is flaming out about as fast as it began. Increased scrutiny on the accounting methods used by special purpose acquisition companies, along with a series of PR headaches involving high-profile deals, threaten to stop the so-called blank check fad in its tracks. Big name firms such as Richard Branson’s Virgin Galactic […]
Read moreBERLIN, Aug 25 (Reuters) – German business morale fell for the second month running in August as companies took a dimmer view about the coming months in Europe’s largest economy due to rising numbers of COVID-19 cases and supply bottlenecks, a survey showed on Wednesday. The Ifo institute said its business climate index dipped to 99.4 from a downwardly revised […]
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