Stock futures rose modestly on Wednesday evening after the market's blue-chip average set another record high during regular trading hours. Futures contracts for the Dow Jones Industrial Average added 72 points, or 0.2%. Those for the S&P 500 and the Nasdaq 100 rose 0.3% and 0.4%, respectively. The move in futures came after the Dow jumped 464 points to a […]

The Securities and Exchange Commission warned investors to think twice about investing in special purpose acquisition companies backed by celebrities. Celebrities in the SPAC space include Shaquille O’Neal and Alex Rodriguez. SPACs raise capital in an initial public offering, use the money to merge with a private company and then take it public. The Securities and Exchange Commission on Wednesday […]

FILE PHOTO: Michael Cohen, former personal lawyer for U.S. President Donald Trump, arrives at his Manhattan apartment after being released from federal prison to serve the remainder of his sentence under home confinement in New York City, New York U.S. July 24, 2020. REUTERS/Brendan McDermidNEW YORK (Reuters) – Donald Trump’s former lawyer and fixer, Michael Cohen, said he would go […]

FRANKFURT (Reuters) – Volkswagen requires about 300 gigawatt hours (GWh) worth of battery cells a year by the end of the decade for its ambitious roll out of electric vehicles in Europe, two people familiar with the matter told Reuters.Slideshow ( 2 images )The supply chain update is part of the world’s second-largest carmaker’s strategy to raise the share of […]

Short-seller Carson Block told CNBC Wednesday the practice is important to root out fraud. "We have, globally, eight delistings of companies and two other regulatory actions that have led to sanctions," the founder of Muddy Waters Research said. "That, to me, seems to be pretty American when we're out there protecting investors," he said. Carson Block defended the practice of […]

STOCKHOLM (Reuters) – An internal investigation at Scania into its Indian operations found evidence of misconduct by employees including senior management, the Swedish bus and truck maker said on Wednesday, adding the individuals involved had all left the company.The logo of Swedish truck maker Scania is pictured on a wheel at the IAA truck show in Hanover, September 22, 2016. […]

FILE PHOTO: Silhouettes of laptop and mobile device users are seen next to a screen projection of Microsoft logo in this picture illustration taken March 28, 2018. REUTERS/Dado Ruvic/Illustration/File PhotoWASHINGTON (Reuters) – At least 10 different hacking groups are using a recently discovered flaw in Microsoft Corp’s mail server software to break in to targets around the world, according to […]

FILE PHOTO: Health worker Nolvin Guifarro receives a dose of the Moderna coronavirus disease (COVID-19) vaccine at the Hospital Maria, in Tegucigalpa, Honduras February 25, 2021. REUTERS/StringerTEGUCIGALPA (Reuters) – Honduras will on Saturday receive its first 48,000 COVID-19 vaccine doses via the COVAX mechanism, the Pan American Health Organization (PAHO) said on Wednesday. It is the initial shipment of an […]

FILE PHOTO: The logo of U.S. conglomerate General Electric is pictured at the site of the company’s energy branch in Belfort, France, February 5, 2019. REUTERS/Vincent KesslerCHICAGO (Reuters) – General Electric Co on Wednesday reiterated its 2021 forecast and announced a deal to sell its aircraft-leasing business to Ireland’s AerCap Holdings NV as part of efforts to pare its debt. […]