(Corrects name of firm in 5th and 14th paragraphs to AE Wealth Management from Advisors Excel Wealth Management) By Saqib Iqbal Ahmed NEW YORK (Reuters) – Investors are scrutinizing the stock market’s narrowing breadth and other signs of ebbing risk appetite, as markets digest a hawkish pivot from the Federal Reserve, soaring inflation and concern …
Narrowing market breadth may be worrying signal for stocks Read More »
By Akash Sriram and Nivedita Balu (Reuters) – Rivian Automotive Inc shares skidded nearly 15% on Friday to hit a record low after the electric vehicle maker’s first result as a listed company highlighted the challenges it was likely to face in ramping up production to take on EV leader Tesla Inc. Rivian’s shares slumped …
Rivian warns supply issues to hit production, shares drop to record low Read More »
By Shreyashi Sanyal and Noel Randewich (Reuters) – Wall Street finished lower on Friday, weighed down by Big Tech as investors worried about the Omicron coronavirus variant and digested the Federal Reserve’s decision to end its pandemic-era stimulus faster. All three main U.S. stock indexes ended with a decline for the week after the Fed …
Wall Street ends down after mostly negative week Read More »
(Reuters) – Procter & Gamble Co said on Friday it was voluntarily recalling some dry conditioner and shampoo sprays sold in the United States and Canada from its Pantene and Herbal Essences brands due to the presence of a cancer-causing chemical. The recall also includes products from its Aussie and Waterless brands made in the …
P&G recalls some conditioner, shampoo sprays on finding carcinogens Read More »
By Eric M. Johnson SEATTLE (Reuters) – Boeing Co suspended its coronavirus vaccination requirement for U.S.-based employees, the U.S. planemaker said on Friday, capping weeks of uncertainty as thousands of workers sought exemptions and challenges to a federal mandate played out in court. In an internal announcement, Boeing said its decision came after a review …
Boeing suspends vaccine mandate for U.S. employees Read More »
By Ann Saphir and Howard Schneider (Reuters) – Citing high U.S. inflation and a job market that’s nearing its full potential at least while the COVID-19 pandemic continues, Federal Reserve policymakers on Friday laid out a case for raising interest rates soon after the central bank ends its bond-buying program in March. And it wasn’t …
Fed policymakers make case for rate hikes after end of bond-buying taper Read More »
(Reuters) – Shares of AMC Entertainment and GameStop Corp roared higher on Friday, as investors pounced on the beaten-down meme stocks after a weeks-long decline in their prices. The shares of movie theater operator AMC were last up 23.1% at $30.09 and on track for their biggest one-day percentage gain since July. Some market participants …
AMC soars as CEO celebrates ‘Spider-Man’; GameStop also rallies Read More »
By Hilary Russ NEW YORK (Reuters) -Starbucks Corp will be headed to the bargaining table at its first officially unionized corporate-owned U.S. location after the National Labor Relations Board on Friday certified the results of a vote to unionize. Employees at one Buffalo, New York area store on Elmwood Avenue voted last week to join …
Starbucks employees at a New York store can form a union-NLRB Read More »
By Noe Torres and Kylie Madry MEXICO CITY (Reuters) – Shares in Mexican airline Grupo Aeromexico fell 27% in early afternoon trading on Friday following a temporary suspension earlier in the session due to a sharp drop in the stock triggered a day earlier. The stock plunged on Thursday after the carrier, which has been …
Aeromexico resumes trading after Mexican stock market pause; shares fall 27% Read More »
By Mike Spector and Dan Levine (Reuters) – A federal judge’s decision to unravel a settlement shielding members of the Sackler family from future opioid litigation could upend a controversial corner of U.S. bankruptcy law: protecting third parties who have not filed for Chapter 11 themselves. In a written opinion late Thursday, U.S. District Judge …
Analysis-Purdue Pharma ruling targets controversial U.S. bankruptcy tactic Read More »
