Today's Top Story
Wall Street Week Ahead: Investors weigh new stock leadership as broader market wobbles
NEW YORK (Reuters) - A shakeup in stocks accelerated by the past week's surge in Treasury yields has investors weighing how far a recent leadership rotation in the U.S. equity market can run, and its implications for the broader S&P 500 index. Read More
Business News
-
GameStop rally fizzles; shares still register 151% weekly gain
(Reuters) - GameStop Corp closed 6% lower on Friday as an early rally fizzled but the stock finished the week 151% higher in a renewed surge that left analysts puzzled.
-
Airline CEOs urge White House support for greener aviation fuel
WASHINGTON (Reuters) - The CEOs of American Airlines, United Airlines and Delta Air Lines and other airline officials met virtually with White House officials Friday to discuss tackling aviation pollution and urge U.S. support for greener aviation fuel.
-
Robinhood plans confidential IPO filing as soon as March: Bloomberg News
(Reuters) - Online brokerage Robinhood, at the centre of this year's retail trading frenzy, is planning to file confidentially for an initial public offering as soon as March, Bloomberg News reported late on Friday, citing sources.
- More Business News»
Economic News
-
U.S. House tees up vote on Biden's $1.9 trillion COVID-19 relief plan
WASHINGTON (Reuters) - The U.S. House of Representatives moved on Friday toward a late-night vote on President Joe Biden's $1.9 trillion coronavirus aid bill, as Democrats who narrowly control the chamber steered the sweeping measure toward approval.
-
Fiscal stimulus fires up U.S. consumer spending; inflation benign
WASHINGTON (Reuters) - U.S. consumer spending increased by the most in seven months in January as the government doled out more pandemic relief money to low-income households and new COVID-19 infections dropped, positioning the economy for faster growth in the first quarter.
-
Airline CEOs urge White House support for greener aviation fuel
WASHINGTON (Reuters) - The CEOs of American Airlines, United Airlines and Delta Air Lines and other airline officials met virtually with White House officials Friday to discuss tackling aviation pollution and urge U.S. support for greener aviation fuel.
- More Economic News»
Money News
-
Analysis: Hedge funds worry about market fallout from Tesla, ARK and spiking yields
(Reuters) - Some hedge fund managers are getting concerned about the money that has flooded into high-flying stocks like Tesla and the popular ARK fund as bond yields spike and growth stocks take a hit.
-
Analysis: After Brazil ructions, a rethink for investors in emerging market state firms
LONDON (Reuters) - Brazil's shake up of state-run oil firm Petrobras has caused shockwaves at home but may also prompt some bond investors to rethink their $1 trillion-plus exposure to other government-controlled companies across emerging markets.
-
Bank of America, JPMorgan give U.S. staff paid time off for COVID-19 vaccinations - memo
(Reuters) - The two largest U.S. banks, Bank of America Corp and JPMorgan Chase & Co, are giving employees paid time off when it is their turn for the COVID-19 vaccine, according to a memo seen by Reuters.
- More Money News»
