INVS08

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

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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

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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

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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 Reuters.com 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

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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 Reuters.com 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

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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

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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

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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 Reuters.com 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

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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 Reuters.com 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

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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 Reuters.com 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

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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