S&P 500, Nasdaq end higher in choppy session as inflation data looms

S&P 500, Nasdaq end higher in choppy session as inflation data looms

All eyes on US CPI data on Wednesday Peloton falls as CEO says business “thinly capitalized” Indexes: Dow down 0.3%, S&P 500 up 0.3%, Nasdaq up 1% NEW YORK, May 10 (Reuters) – The S&P 500 and Nasdaq ended higher on Tuesday, with big growth shares rising after the previous day’s selloff as Treasury yields … Read more

Musk says he would reverse Twitter ban on Donald Trump

Musk says he would reverse Twitter ban on Donald Trump

May 10 (Reuters) – Billionaire Elon Musk said on Tuesday he would reverse Twitter’s ban on former US President Donald Trump when he buys the social media platform, the clearest signal yet of Musk’s intention to cut moderation of the site. Musk, the world’s richest person and chief executive of electric vehicle maker Tesla Inc … Read more

Stocks suffer renewed slide on growth fears, dollar extends rally

Stocks suffer renewed slide on growth fears, dollar extends rally

LONDON, May 9 (Reuters) – Stocks fell heavily again on Monday and the dollar rocketed to a new two-decade high as worries about higher interest rates and a tightened lockdown in Shanghai deepened investors’ fears that the global economy is rapidly heading for a slowdown. After a bruising session on Friday in which US stocks … Read more

EXCLUSIVE Biden sidelined global energy partners with record emergency oil release

EXCLUSIVE Biden sidelined global energy partners with record emergency oil release

LONDON, May 9 (Reuters) – The United States announced a record-sized release of emergency crude oil reserves in March without consulting partners in the International Energy Agency, leaving them scrambling to match with releases of their own, according to two sources familiar with the matter. Unilateral action by Washington to address global supply or price … Read more

South Korea hunts tungsten treasure in race for rare minerals

South Korea hunts tungsten treasure in race for rare minerals

S.Korean tungsten mine gets $100 million makeover Dozens of new mineral projects launched globally Green, digital booms fuel demand for rare minerals China is pre-eminent in critical minerals supply GRAPHIC-S.Korea’s reliance on China: SANGDONG, South Korea, May 9 (Reuters) – Blue tungsten winking from the walls of abandoned mine shafts, in a town that’s seen … Read more

Exclusive: U.S. regulators are in China for audit deal talks

Exclusive: U.S. regulators are in China for audit deal talks

Chinese and US flags flutter outside the building of an American company in Beijing, China January 21, 2021. REUTERS/Tingshu Wang Register now for FREE unlimited access to Reuters.com Register HONG KONG, May 6 (Reuters) – US regulatory officials have arrived in Beijing seeking to settle a long-running dispute over the auditing compliance of US-listed Chinese … Read more

U.S. Senate committee passes antitrust bill pressuring OPEC

U.S. Senate committee passes antitrust bill pressuring OPEC

WASHINGTON, May 5 (Reuters) – A US Senate committee passed a bill on Thursday that could expose the Organization of the Petroleum Exporting Countries and partners to lawsuits for collusion on boosting crude oil prices. The No Oil Producing or Exporting Cartels (NOPEC) bill sponsored by senators, including Republican Chuck Grassley and Democrat Amy Klobuchar, … Read more

Man accused of tackling comic Dave Chappelle on stage is charged with assault

Man accused of tackling comic Dave Chappelle on stage is charged with assault

LOS ANGELES, May 4 (Reuters) – The man accused of tackling comedian Dave Chappelle to the stage floor during a performance at the Hollywood Bowl in Los Angeles was charged on Wednesday with felony assault with a deadly weapon. The attack on Chappelle, 48, occurred Tuesday night during a sold-out appearance by the Emmy-winning entertainer … Read more

Tech stocks drag Wall Street lower ahead of Fed decision

Tech stocks drag Wall Street lower ahead of Fed decision

Starbucks rises on robust US demand All eyes on Fed policy statement at 2 pm ET Indexes down: Dow 0.26%, S&P 0.57%, Nasdaq 1.47% May 4 (Reuters) – Wall Street’s main indexes fell on Wednesday as a rise in US Treasury yields hit growth stocks ahead of a widely expected interest-rate hike that could be … Read more

Record high U.S. job openings, resignations likely to fuel wage inflation

Record high U.S. job openings, resignations likely to fuel wage inflation

Job openings increase 205,000 to 11.5 million in March Hiring falls 95,000 to 6.7 million Quits rise 152,000 to record 4.5 million WASHINGTON, May 3 (Reuters) – US job openings increased to a record high in March as worker shortages persisted, suggesting that employers could continue to raise wages and help keep inflation uncomfortably high. … Read more