NEW YORK (Reuters) – Widespread expectations of a coming U.S. economic boom are forcing bond fund managers to dust off their playbooks to combat a nemesis they have not had to worry about for more than a decade: inflation.FILE PHOTO: Traders work, as a screen shows Federal Reserve Chairman Jerome Powell’s news conference on the floor of the New York […]
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Chinese search giant Baidu is set to debut in Hong Kong on Tuesday, with shares priced at 252 Hong Kong dollars (about $32.45) each. Meanwhile, technology stocks in Asia-Pacific will be watched by investors after their counterparts stateside rallied overnight amid declining bond yields. SINGAPORE — Shares in Japan were set to open lower on Tuesday, with Chinese search giant […]
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FILE PHOTO: Labor secretary nominee Marty Walsh testifies during a Senate Health, Education, Labor and Pensions Committee nomination hearing on Capitol Hill in Washington, DC, U.S. February 4, 2021. Graeme Jennings/Pool via REUTERSWASHINGTON (Reuters) -The U.S. Senate on Monday confirmed former union leader Marty Walsh, a son of Irish immigrants, as the next labor secretary, boosting Biden’s efforts to expand […]
Read moreBOSTON (Reuters) – Activist investor Starboard Value LP said on Monday that it nominated four directors to the board at eHealth Inc only days after the insurer reached a settlement for two seats with another firm. Starboard, which owns 7% of eHealth, said in a regulatory filing that it feels the company’s stock is undervalued, sending the stock price up […]
Read more(Reuters) – U.S. mobile app and gaming company AppLovin Corp, which is backed by private equity giant KKR & Co Inc, said on Monday it is aiming to raise $1 billion in an initial public offering. However, AppLovin did not reveal the number of shares it plans to offer to investors or the price range for its offering, indicating that […]
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FILE PHOTO: A commercial plane crew member walks along an empty terminal at Reagan International Airport as the spread of coronavirus disease (COVID-19) continues, in Washington, U.S., April 3, 2020. Picture taken April 3, 2020. REUTERS/Carlos Barria (Reuters) – Major U.S. airline and travel groups urged on Monday a partnership with the government to develop a plan to reopen international […]
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(Reuters) – The U.S. economy is “much improved,” Federal Reserve Chair Jerome Powell said on Monday, crediting Congress and the central bank both for providing “unprecedented” support, but at the same time warning that the recovery is still “far from complete.”Slideshow ( 3 images )“The recovery has progressed more quickly than generally expected and looks to be strengthening,” Powell said […]
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FILE PHOTO: A WeWork logo is seen outside its offices in San Francisco, California, U.S. September 30, 2019. REUTERS/Kate Munsch/File Photo(Reuters) – WeWork lost $3.2 billion last year, according to documents shown to prospective investors by the office-sharing startup as apart of a pitch for $1 billion in investment and a stock market listing, the Financial Times here reported on […]
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(Reuters) – McKinsey & Co will pay $45 million to settle an investigation by Nevada of the big consulting firm’s role in fueling the U.S. opioid epidemic.Slideshow ( 2 images )Nevada had been the lone holdout among U.S. states investigating McKinsey’s conduct, and Monday’s settlement boosts the firm’s payout for opioid settlements to about $641 million. McKinsey had in early […]
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