US stocks gained on Thursday after weekly jobless claims fell to a three-week low, suggesting a recovery in the labor market is underway. Jobless claims of 847,000 came in better than analyst expectations of 875,000. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. US stocks moved higher on Thursday after weekly jobless claims suggested that […]
Read more
FILE PHOTO: The logo of German software group SAP is pictured at its headquarters in Walldorf, Germany, May 12, 2016. REUTERS/Ralph Orlowski(Reuters) – Qualtrics International Inc was valued at over $15 billion in its initial public offering, against the backdrop of a capital market frenzy that has seen investors flock to technology stocks. The survey-software seller, owned by German business […]
Read more
LONDON (Reuters) – British households have cut debit and credit card spending sharply and the proportion of workers on furlough has risen to its highest since July after new coronavirus lockdown restrictions came into force this month.FILE PHOTO: An employee is seen working behind a protective screen and a sign reading “Card payment only” in a Pret a Manger store […]
Read more
LONDON (Reuters) – Shares wiped out their gains in Europe for the year early on Thursday, soured by a sell-off on Wall Street, no end in sight to pandemic lockdowns and a squeeze in short positions.FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File PhotoThe pan-European STOXX benchmark […]
Read moreTOKYO, Jan 28 (Reuters) – Japanese shares suffered their biggest drop in six months on Thursday, tracking Wall Street, weighed by technology companies which have benefited from a recent rally in stocks. The Nikkei share average fell 1.53% to 28,197.42, the biggest decline since July 31, while the broader Topix slid 1.14% to 1,838.85. Topix’s electric appliances index has jumped […]
Read more
LONDON (Reuters) – Early signs of disruption caused by Britain’s shift to its new, less open trading relationship with the European Union are emerging in economic data.FILE PHOTO: Lorries queue in at the border control of the Port of Dover, Britain, January 15, 2021. REUTERS/John SibleyAlthough the biggest problem for many companies remains the COVID-19 pandemic, details of recent surveys […]
Read more
SYDNEY (Reuters) – An Australian regulator is considering letting internet users choose what personal data companies like Google share with advertisers, as part of the country’s attempts to shatter the dominance of tech titans.FILE PHOTO: The logo of Google is seen on a building at la Defense business and financial district in Courbevoie near Paris, France, September 1, 2020. REUTERS/Charles […]
Read moreSINGAPORE, Jan 28 (Reuters) – Shares in small Australian nickel and cobalt explorer GME Resources jumped as much as 53% on Thursday, apparently driven by the similarity of the company’s stock ticker to U.S. retail investor darling GameStop . GME Resources stock rose as much as four Australian cents to A$0.115 ($0.0878) in early trade, before falling back to around […]
Read more(Reuters) – A Delaware judge on Wednesday said former CBS shareholders may pursue a lawsuit accusing Shari Redstone, the daughter of late media magnate Sumner Redstone, of pressuring the company into entering an unfair merger that created ViacomCBS Inc.FILE PHOTO: Shari Redstone (L), daughter of the late media magnate Sumner Redstone, and her attorney Elizabeth Burnett leave a downtown courthouse […]
Read more