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13 May

Analysis: India's prized investment grade status hanging by a thread

Analysis: India's Prized Investment Grade Status Hanging By A Thread

. A bank employee maintains order as customers wait in lines to enter a bank during a 21-day nationwide lockdown to slow the spreading of coronavirus disease (COVID-19) in Agra, India, April 7, 2020. /Danish SiddiquiBy Marc Jones LONDON India's devastating COVID-19 crisis is making investors question more than ever whether after years of debt accumulation and

13 May

Exclusive: Boeing wins FAA OK for 737 MAX electrical fix, notifies airlines -sources

Exclusive: Boeing Wins FAA OK For 737 MAX Electrical Fix, Notifies Airlines -sources

. A Boeing 737 MAX airplane lands after a test flight at Boeing Field in Seattle, Washington, U.S. June 29, 2020. /Karen DuceyWASHINGTON Boeing (NYSE:BA) Co on Wednesday won approval from U.S. regulators for a fix of an electrical grounding issue that had halted flights for about 100 737 MAX airplanes, clearing the way for their quick return to service after f

13 May

Apple says 'Chaos Monkeys' author hired in ads business has left company

Apple Says 'Chaos Monkeys' Author Hired In Ads Business Has Left Company

. Apple logo is seen on the Apple store at The Marche Saint Germain in Paris, France July 15, 2020. /Gonzalo FuentesBy Stephen Nellis Apple Inc (NASDAQ:AAPL) on Wednesday said Antonio García Martínez, a former Facebook Inc (NASDAQ:FB) product manager who joined Apple recently to work in its advertising business, is no longer with the company. García Mart

13 May

SoftBank shares slide after $23 billion buyback scheme not extended

SoftBank Shares Slide After $23 Billion Buyback Scheme Not Extended

. SoftBank Corp's logo is pictured at a news conference in Tokyo, Japan, February 4, 2021. /Kim Kyung-HoonBy Sam Nussey TOKYO SoftBank Group Corp shares tumbled 8% in morning trade on Thursday after the conglomerate did not extend its buyback programme, removing support for the stock as concern over frothy portfolio valuations outweighed record earnings. SoftB

13 May

Asian Stocks Down After Bigger-Than-Expected Rise in U.S. Consumer Prices

Asian Stocks Down After Bigger-Than-Expected Rise In U.S. Consumer Prices

. By Gina – Asia Pacific stocks were down Thursday morning, continuing a downward trend as bond yields rose over concerns that the bigger-than-expected increase in U.S. consumer prices could impact the economic recovery from COVID-19.Japan’s Nikkei 225 fell 1.90% by 10:16 PM ET (2:16 AM GMT). March’s current account n.s.a., released earlier in the day, was a disappointing JPY2.650 tr

13 May

BHP, Rio, Vale launch contest to cut haul truck emissions

BHP, Rio, Vale Launch Contest To Cut Haul Truck Emissions

. An autonomous vehicle drives along a road as it collects iron ore at Australia's Fortescue Metals Group (FMG) mine in the Pilbara region, located south-east of the coastal town of Port Hedland in Western Australia, November 29, 2018. Picture tMELBOURNE The world's top three iron ore miners on Thursday launched a competition to crowdsource efficient ways to deliver

13 May

Asian shares spooked by U.S. inflation alarm, yield jump

Asian Shares Spooked By U.S. Inflation Alarm, Yield Jump

. A man works at the Tokyo Stock Exchange after market opens in Tokyo, Japan October 2, 2020. /Kim Kyung-HoonBy Wayne Cole SYDNEY Asian shares faced a third day of losses on Thursday after a shocking rise in U.S. inflation bludgeoned Wall Street and sent bond yields surging on worries the Federal Reserve might have to move early on tightening. "Higher inflatio

13 May

Luxury jet makers battle over lucrative spy plane niche

Luxury Jet Makers Battle Over Lucrative Spy Plane Niche

. The interior of Raytheon's future Intelligence Surveillance Target Acquisition and Reconnaissance (ISTAR) special mission aircraft, being developed using a Bombardier Global business jet, shows onboard workstations used to help military operators rapidly By Allison Lampert and Tim Hepher MONTREAL/PARIS Last month, a ghostly grey business jet took off from central Sweden and he

13 May

Hamas hits deep in Israel, which pummels Gaza as Biden predicts conflict's end

Hamas Hits Deep In Israel, Which Pummels Gaza As Biden Predicts Conflict's End

2/2Reuters. U.S. President Joe Biden speaks about the COVID-19 response and vaccination program at the White House in Washington, U.S., May 12, 2021. /Kevin Lamarque2/2By Nidal al-Mughrabi and Dan Williams (NYSE:WMB) GAZA/JERUSALEM -Hamas launched rockets at Tel Aviv and toward Jerusalem early on Thursday and Israel vowed to keep pummelling the Islamist faction in Gaza despite a p

12 May

Strong user growth drives Bumble's revenue beat, upbeat forecast

Strong User Growth Drives Bumble's Revenue Beat, Upbeat Forecast

. The Bumble Inc. (BMBL) app is shown on an Apple iPhone in this photo illustration as the dating app operator made its debut IPO on the Nasdaq stock exchange February 11, 2021. /Mike Blake/Illustration -Bumble Inc forecast current-quarter revenue above estimates on Wednesday after beating expectations for the first, as more people turned to its online dating app

12 May

Second-hand apparel retailer ThredUp's bigger loss shreds shares

Second-hand Apparel Retailer ThredUp's Bigger Loss Shreds Shares

. -Online second-hand apparel retailer ThredUp Inc on Wednesday reported a bigger loss in its first quarterly report as a public company, weighed down by higher spending to expand its business. The company's shares tumbled 11% in extended trading as investors shrugged off a revenue beat. ThredUp's stock has gained over 43% since the debut in late March as investors bet on a shar

12 May

Wall Street skids on inflation fears; USD, bond yields jump

Wall Street Skids On Inflation Fears; USD, Bond Yields Jump

2/2Reuters. TV camera men wait for the opening of market in front of a large screen showing stock prices at the Tokyo Stock Exchange in Tokyo, Japan October 2, 2020. /Kim Kyung-Hoon2/2By Koh Gui Qing NEW YORK -U.S. stocks suffered the biggest slump in at least 11 weeks on Wednesday and benchmark Treasury yields jumped after data showed consumer prices in April unexpect

12 May

U.S. Senate panel approves tech bill to address China

U.S. Senate Panel Approves Tech Bill To Address China

. Chinese and U.S. flags flutter outside a company building in Shanghai, China April 14, 2021. /Aly SongBy David Shepardson and Michael Martina WASHINGTON -A U.S. Senate committee voted 24-4 to pass a compromise measure authorizing more than $110 billion for basic and advanced technology research over five years in the face of rising competitive pressure from Ch

12 May

Hedge funds bet on subscription-based businesses, pharmacy and copper

Hedge Funds Bet On Subscription-based Businesses, Pharmacy And Copper

2/2Reuters. People are seen on Wall Street outside the New York Stock Exchange (NYSE) in New York City, U.S., March 19, 2021. /Brendan McDermid/File Photo2/2By Maiya Keidan Hedge fund managers on Wednesday recommended buying stocks of companies they believe will benefit from the movement of many services online, even though society is expected to return to more human

12 May

Biden expects spiralling Israel-Gaza conflict to end soon

Biden Expects Spiralling Israel-Gaza Conflict To End Soon

. U.S. President Joe Biden speaks about the COVID-19 response and vaccination program at the White House in Washington, U.S., May 12, 2021. /Kevin LamarqueBy Nidal al-Mughrabi and Dan Williams (NYSE:WMB) GAZA/JERUSALEM Israel killed a Hamas commander and vowed no let-up in its Gaza barrages as Palestinian militants rained rockets far across the border, but U.S. President

12 May

Sonos boosts sales outlook despite global chip shortage, shares rise

Sonos Boosts Sales Outlook Despite Global Chip Shortage, Shares Rise

. By Stephen Nellis -Connected speaker maker Sonos (NASDAQ:SONO) Inc on Wednesday raised its annual sales forecast above Wall Street expectations as the company said it believes it can beat a global chip shortage to keep shipping products, sending shares up as much as 14%. In an interview with , CEO Patrick Spence said Sonos has direct relationships with its chip suppliers

12 May

Florida private equity manager indicted in New York for loan fraud

Florida Private Equity Manager Indicted In New York For Loan Fraud

. By Jonathan Stempel NEW YORK A Florida private equity manager has been indicted on charges he lied about his investors in order to obtain a $95 million bank loan for his $500 million fund, federal prosecutors in Manhattan said on Wednesday. Elliot Smerling, 52, of Lake Worth, Florida, was charged with wire fraud and bank fraud, each carrying a maximum 30-year prison term, as w

12 May

3 Buy the Dip Stocks to Grab Before They Rebound

3 Buy The Dip Stocks To Grab Before They Rebound

. 3 Buy the Dip Stocks to Grab Before They ReboundImproving macroeconomic metrics have lately triggered a stock market slump because investors expect the Fed to tighten its monetary policy. However, projected GDP growth and rising consumer spending should help the market rebound soon. Therefore, we think it wise to buy (NYSE:CRM), Horizon Therapeutics (NASDAQ:HZNP), and Vipshop (NYSE:VIPS)

12 May

Musk says Tesla new self-driving rollout could take a couple of months

Musk Says Tesla New Self-driving Rollout Could Take A Couple Of Months

. The TESLA logo is seen outside a dealership in the Brooklyn borough of New York City, U.S., April 26, 2021. /Shannon StapletonBy Hyunjoo Jin and Eva Mathews Boss Elon Musk said Tesla (NASDAQ:TSLA) Inc is tweaking its self-driving software to eliminate a phantom braking problem and may release a significantly improved version within the next couple of months.

12 May

Wall Street ends with broad sell-off on spiking inflation fears

Wall Street Ends With Broad Sell-off On Spiking Inflation Fears

. The front facade of the New York Stock Exchange (NYSE) is seen in New York City, U.S., May 4, 2021. /Brendan McDermidBy Stephen Culp NEW YORK Wall Street closed lower on Wednesday with the S&P suffering its biggest one-day percentage drop since February, as inflation data fueled concerns over whether interest rate hikes from the Fed could happen sooner t

12 May

CDC panel clears way to COVID-19 vaccines for U.S. adolescents

CDC Panel Clears Way To COVID-19 Vaccines For U.S. Adolescents

2/2Reuters. A general view of the Centers for Disease Control and Prevention (CDC) headquarters in Atlanta, Georgia September 30, 2014. /Tami Chappell/File Photo2/2By Michael Erman and Manojna Maddipatla -U.S. states are set to begin using the vaccine from Pfizer Inc (NYSE:PFE) and BioNTech SE (NASDAQ:BNTX) to inoculate younger adolescents against COVID-19 after advi

12 May

Mexico to begin review of labor dispute at General Motors plant

Mexico To Begin Review Of Labor Dispute At General Motors Plant

. A view of the entrance to the plant of General Motors in Silao, in Guanajuato state, Mexico, November 9, 2017. /Edgard GarridoMEXICO CITY Mexico on Wednesday said it would begin a review of labor practices at a General Motors (NYSE:GM) plant in central Mexico after a formal complaint from the office of the U.S. Trade Representative (USTR). Mexico's economy a

12 May

Bumble Swings to Profit in Q1 as Reopening Drives Dating Activity

Bumble Swings To Profit In Q1 As Reopening Drives Dating Activity

By Yasin Bumble reported first-quarter results that topped analysts estimates as the dating app benefited from the economic reopening.   Bumble slipped 0.8% in after-hours trading. Bumble reported Q1 earnings of $1.69 a share, compared with a 2 cents loss a year earlier. Revenue more than doubled to $170.7 million from $79.1 million. Wall Street was looking for a loss of $0.03 a sha

12 May

Alphabet Waymo self-driving unit CFO following CEO out the door

Alphabet Waymo Self-driving Unit CFO Following CEO Out The Door

. The Waymo logo is displayed during the company's unveil of a self-driving Chrysler Pacifica minivan during the North American International Auto Show in Detroit, Michigan, U.S., January 8, 2017. /Brendan McDermidThe chief financial officer of Alphabet (NASDAQ:GOOGL) Inc's self-driving unit Waymo is following its chief executive out the door, the company said

12 May

Biden urges parents to get kids vaccinated after CDC panel OKs Pfizer vaccine

Biden Urges Parents To Get Kids Vaccinated After CDC Panel OKs Pfizer Vaccine

2/2Reuters. Pharmacist technician Racine Frazer prepares the Pfizer COVID-19 vaccination to be administered to Metropolitan Transportation Authority (MTA) workers at Vanderbilt Hall at Grand Central Terminal in the Manhattan borough of New York, U.S. March 10, 2021.2/2WASHINGTON -U.S. President Joe Biden on Wednesday urged parents to get their children vaccinated after a government advis