Key U.S. Senator Sinema agrees to $430 billion drug, energy bill

WASHINGTON, Aug 4 (Reuters) – Democratic US Senator Kyrsten Sinema said on Thursday she agreed to “move forward” on a $430 billion drug pricing, energy and tax bill, subject to a Senate arbiter’s approval of the bill, which Democrats intend to pass over Republican objections. Senate Majority Leader Chuck Schumer said earlier on Thursday the … Read more

Biden pledge to tax wealthy, companies revived with Manchin-led bill

WASHINGTON, July 28 (Reuters) – US President Joe Biden’s campaign trail promise to increase taxes on corporations and the wealthy as part of a battle against glaring income inequality in the United States got an unexpected boost on Wednesday. Early proposals to increase tax rates from Biden and his fellow Democrats hit a brick wall … Read more

Indexes fall, led by Nasdaq, as inflation data offers little relief to investors

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, May 11, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Register US consumer prices slow in April; inflation still high Coinbase falls on Q1 revenue slump, net loss Indexes: Dow down 0.1%, S&P down 0.6%, … Read more

ARK’s Wood sees global recession, blames market selloff on Fed hike plan

Cathie Wood, Founder, CEO and CIO of ARK Invest, speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California, US, May 2, 2022. REUTERS/David Swanson Register now for FREE unlimited access to Register NEW YORK, May 10 (Reuters) – The global economy is in recession and recent stock market volatility is a … Read more

Running on hope, China markets want action, not more policy pledges

Action needs to follow promises if market is to rally-investors Tech firms hope top-level meeting signals regulatory repossession Global money remains wary on China amid COVID-19 lockdowns, policy caution SINGAPORE, May 5 (Reuters) – Promises of policy support and a possible meeting between tech giants and China’s leaders this week have helped stem a rout … Read more

Biden seeks huge $33 billion funding to support Ukraine

WASHINGTON, April 28 (Reuters) – President Joe Biden asked Congress for $33 billion to support Ukraine – a dramatic escalation of US funding for the war with Russia – and for new tools to siphon assets from Russian oligarchs. The vast funding request includes over $20 billion for weapons, ammunition and other military assistance, as … Read more

U.S. securities regulator’s watchdog to retire in early May

Carl Hoecker, who was named the Securities and Exchange Commission’s Inspector General in January 2013, poses in this undated handout photo. SEC/Handout via REUTERS Register now for FREE unlimited access to Register WASHINGTON, April 27 (Reuters) – The US Securities and Exchange Commission’s inspector general will withdraw in just over a week after leading … Read more

EXCLUSIVE Twitter under shareholder pressure to seek deal with Musk, sources say

Elon Musk’s twitter account is seen on a smartphone in this photo illustration taken, April 15, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Register April 24 (Reuters) – Twitter Inc (TWTR.N) is coming under increasing pressure from its shareholders to negotiate with Elon Musk even though the world’s richest person has … Read more

China oil giant CNOOC soars in Shanghai debut, defies weak market

A woman wearing a face mask walks past a sign of China National Offshore Oil Corp (CNOOC) outside its headquarters in Beijing, China March 8, 2021. REUTERS/Tingshu Wang Register now for FREE unlimited access to Register SHANGHAI, April 21 (Reuters) – China’s CNOOC Ltd saw its stock surge as much as 44% in its … Read more

Ackman gives up on Netflix, taking $400 mln loss as shares tumble

April 20 (Reuters) – Billionaire investor William Ackman liquidated a $1.1 billion bet on Netflix (NFLX.O) on Wednesday, locking in a loss of more than $400 million as the streaming service’s stock plunged following news that it lost subscribers for the first time in a decade. Ackman’s hedge fund Pershing Square Capital Management made an … Read more