Earnings Previews: AT&T, Freeport-McMoRan, Cleveland-Cliffs, Valero Energy

Of the March quarter earnings reports released Tuesday morning, most showed better earnings than analysts were looking for. Two exceptions were Xerox and Dow 30 component Travelers. After markets close Tuesday, we’ll hear from, among others, Netflix, Tenet Healthcare, and Intuitive Surgical. Before markets open Wednesday, Verizon, NextEra Energy, and ASML are all on tap to report results. We’ve also […]

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Spain rejects proposal to delay second vaccine doses, Cadena Ser says

FILE PHOTO: A volunteer and a retired healthcare worker fills a syringe with a dose of the Pfizer-BioNTech coronavirus disease (COVID-19) vaccine, at Sant Pau hospital, in Barcelona, Spain January 28, 2021. REUTERS/Nacho DoceMADRID (Reuters) – Spain will maintain the recommended interval between doses of COVID-19 vaccines produced by Pfizer and Moderna after health officials rejected a proposal to delay […]

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Exclusive: Fed Chair Powell says won't allow 'substantial' overshoot of inflation target – April 8 letter to U.S. senator

FILE PHOTO: Federal Reserve Chairman Jerome Powell testifies before the Senate on Capitol Hill in Washington, U.S., December 1, 2020. Susan Walsh/Pool via REUTERS(Reuters) – The U.S. economy is going to temporarily see “a little higher” inflation this year as the economy strengthens and supply constraints push up prices in some sectors, but the Federal Reserve is committed to keeping […]

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Why bitcoin could triple over next year

New York (CNN Business)Bitcoin and similar cryptocurrencies have gone increasingly mainstream, but Tuesday’s announcement that Venmo is adding crypto support just put crypto access in the palm of everyone’s hand. Venmo, which is owned by PayPal (PYPL), said its more than 70 million customers can buy bitcoin, ethereum, litecoin and bitcoin cash for as little as $1. Cryptocurrency can often […]

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The record stock market is showing signs of cracking

Varney: When should investors sell stocks? FOX Business’ Stuart Varney on when to sell stocks amid trillions of dollars being put into the economy. Wall Street strategists are growing increasingly concerned the record-setting stock market is running out of steam.  The benchmark S&P 500 has rallied 11% this year, closing at a record high in 23 of 23 trading sessions, […]

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SoftBank-backed WeWork to begin accepting payments in cryptocurrencies

FILE PHOTO: A man walks out of a WeWork space in the Manhattan borough of New York City, New York, U.S., October 4, 2019. REUTERS/Carlo Allegri(Reuters) – SoftBank-backed office-sharing startup WeWork said on Tuesday it would begin accepting payments in select cryptocurrencies and partner with Coinbase Global Inc and payment app Bitpay to facilitate transactions. WeWork joins a clutch of […]

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EU to funnel COVID vaccines to Balkans after China, Russia shipments

VIENNA/BRUSSELS (Reuters) -The European Union will ship over half a million COVID-19 shots to the Western Balkans by August using for the first time in the region a vaccine-sharing mechanism meant to help its poorer neighbours and to challenge Chinese and Russian influence.Slideshow ( 4 images )The EU move comes after China and Russia distributed millions of doses of their […]

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