FILE PHOTO: The logo of Robinhood Markets, Inc. is seen at a pop-up event on Wall Street after the company’s IPO in New York City, U.S., July 29, 2021. REUTERS/Andrew Kelly(Reuters) -Robinhood Markets Inc said on Wednesday that lower trading activity was likely to affect its third quarter, after it reported a 131% jump in second-quarter revenue fueled in part […]
Read more(Reuters) – Asset manager Schroders, which holds a 6.3% stake in Avast Plc, raised concerns over the London-listed firm’s 6.2 billion pounds ($8.6 billion) deal to sell itself to U.S. cybersecurity company NortonLifeLock Inc, The Times newspaper reported. Sue Noffke, Schroders’ head of UK equities, told The Times the terms of Avast’s sale to NortonLifeLock “materially undervalue” the London-listed group. […]
Read more
COPENHAGEN (Reuters) – A.P. Moller-Maersk said on Wednesday it had signed a contract securing green methanol as the world’s largest shipping firm gears up to operate its first carbon-neutral ship in 2023.FILE PHOTO: Shipping containers are transported on a Maersk Line vessel through the Suez Canal in Ismailia, Egypt, July 7, 2021. REUTERS/Amr Abdallah DalshWith about 90% of world trade […]
Read more
FILE PHOTO: Three of the fleet of 600 Waymo Chrysler Pacifica Hybrid self-driving vehicles are parked and displayed during a demonstration in Chandler, Arizona, November 29, 2018. REUTERS/Caitlin O’Hara(Reuters) – Aurora, the Silicon Valley self-driving startup founded by former Tesla, Uber and Google executives, has released what it says is the industry’s first tool for evaluating whether and when autonomous […]
Read more
Treasuries fluctuated following the release of the minutes of the latest Federal Reserve meeting before ending the day modestly lower. Bond prices climbed off their worst levels but still ended the day in negative territory. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, inched up by 1.5 basis points to 1.273 percent. The modestly […]
Read moreHomebuilders hurt by supply chain issues: NAHB CEO National Association of Home Builders CEO Jerry Howard explains why builder confidence is at a 13-month low. America’s biggest home-improvement chains say the lumber market is returning to normal after a period of extreme and record volatility. A near doubling of lumber prices zapped consumer demand at do-it-yourself retailers Home Depot Inc. […]
Read more
With the trading day more than halfway over, the broad markets had made a comeback from the open but for the most part they were still negative. At this pace, it’s very possible that stocks could make a recovery from yesterday’s horrendous session by the end of the day. 24/7 Wall St. is reviewing some big analyst calls seen on […]
Read more
LONDON/WASHINGTON (Reuters) -The Taliban took over Afghanistan with astonishing speed, but it appears unlikely that the militants will get quick access to most of the Afghan central bank’s roughly $10 billion in assets.FILE PHOTO: A money changer holds a stack of Afghan currency on a street in central Kabul April 2, 2014. REUTERS/Tim Wimborne The country’s central bank, Da Afghanistan […]
Read more
Slideshow ( 3 images )ARENDAL, Norway (Reuters) – Nicolai Tangen broke new ground as the head of Norway’s $1.3 trillion sovereign wealth fund on Tuesday by preaching on the virtues of sustainable capitalism in a church. “Capitalism is undergoing an incredible transformation, at the fastest pace I have seen in my life,” Tangen told around 170 people gathered at the […]
Read more