New York Attorney General Sues Amazon Over Covid Shortfalls
New York Attorney General Letitia James sued Amazon.com on Tuesday over its handling of worker safety issues around the Covid-19 pandemic at…
Category: World
US Sells $200m In Weapons To Egypt Despite Human Rights Abuses
The United States approved an arms sale worth nearly $200m to Egypt but vowed to press human rights issues after…
U.S. Producer Prices Post Biggest Gain Since 2009
U.S. producer prices increased by the most since 2009 in January as the cost of goods and services surged, suggesting…
Walmart Investors Eye Push Into Advertising, Healthcare Following Pandemic Boom
Walmart Inc’s investors and analysts are likely to look past the retail giant’s slowest same-store sales growth since the start…
G10 FX Short-Term Valuation: Most Currencies Have Further To Run Vs USD
Based on our short-term fair value model, EUR, JPY, NZD and AUD are all undervalued vs USD by more than…
Wealthy, Efficient Dutch Play Catch-Up In Vaccine Roll-Out
Despite its wealth and reputation for efficiency, the Netherlands trails in the European Union vaccination rankings, its roll-out hampered by…
Analysis: Europe Braces For Pandemic Reality To Hit Banks
Unpaid debt from pandemic-stricken borrowers has ravaged profits at Europe’s big banks and kick-started a debate among politicians about whether…
Dollar Needs Retail Sales Comeback
U.S. traders came back from their long weekend on Tuesday ready for a busy trading week. They drove stocks to…
Citigroup Cannot Recoup Revlon Payouts After Nearly $900 Million Gaffe: U.S. Judge
A federal judge on Tuesday said Citigroup Inc C.N is not entitled to recoup half a billion dollars of its own money…
U.S. Shale Could Face Weeks Of Depressed Oil Production Due To Cold
The U.S. deep freeze will wreak havoc on oil and gas production for several days if not weeks, according to…
Bitcoin’s Record Price Unsustainable Without Lower Volatility: JPMorgan
Bitcoin’s charge to a record north of $50,000 isn’t sustainable unless the cryptocurrency’s price swings cool down quickly, JPMorgan analysts…
Rising U.S. Yields Takes Edge Off Stocks Rally
Stock markets scratched out a new record peak in Asia on Wednesday, but their rally lost a bit of steam…
Dollar Hits Five-Month High Against Yen As Inflation Talk Boost U.S. Yields
The dollar held the upper hand against low-yielding currencies on Wednesday, hitting a five-month high against the yen as U.S.…
UK Inflation Rises To Three-Month High Of 0.7%
British inflation rose a little more than expected in January as the country went back into a coronavirus lockdown, pushed…
Column: Central Bank Digi Cash Spooking Shadow Economy To Crypto
If central bank digital cash is to rapidly replace banknotes, a shadow economy worth trillions of dollars may creep deeper…
How Roblox, A Video Game Platform For Kids, Became A $30 Billion Company
More than half of the children in the United States play video games on Roblox. In fact, the massively popular…
Energy Prices Jump As Millions Left Without Power In Texas
Energy prices jumped Tuesday as a deep freeze in the South boosted demand for fuel and hampered production. More than…
UK Watchdog To Rule On $9.5 Billion Asda Takeover By April 20
The UK competition regulator has set an April 20 deadline for a decision on the acquisition of supermarket chain Asda…
What savers do with $2.4 trillion will define the recovery
Wall Street is expecting the economy to come roaring back to life in the second half of this year. But there’s one…
US Oil Rises Above $60 As Texas Gets Pummeled With Ice And Snow
Oil is back, thanks to a strange brew of vaccines, economic optimism and a wintry mix in the Deep South.…
He Says Fidelity Wouldn’t Let Him Sell During Reddit Mayhem, Costing Him $830,000
Robinhood is in hot water for banning investors from buying GameStop during part of last month’s Reddit-driven market mayhem. And now Fidelity…
Baby Monitor Maker Owlet Hatches $1.4 Billion Blank-Check Deal To Go Public
Owlet Baby Care Inc, a maker of baby monitoring devices, will go public through a merger with a blank-check firm…
Goldman Sachs To Launch Digital Investment Platform In Marcus Push
Goldman Sachs Group Inc is launching a digital wealth-management platform that allocates and rebalances customers’ wealth across portfolios of stocks…
UK Watchdog Voices Concern Over $9.2 Billion Ebay-Adevinta Deal
Britain’s competition watchdog on Tuesday raised concerns over Adevinta’s planned acquisition of U.S. e-commerce group eBay’s classified ads business, sending…
Going All-In? Investors’ Cash Levels Dip To 2013 Pre-Taper-Tantrum Levels
Cash levels in investment portfolios have hit the lowest since just before the so-called taper tantrum of 2013, according to…
Global Shares Hit Record High On COVID Recovery Bet
Global shares hit record highs on Tuesday and were on track for their longest winning streak in 17 years as…
U.S. Oil Prices Climb On Texas Cold Snap, Brent Stable
Oil prices hovered near 13-month highs on Tuesday on the back of a cold snap shutting wells in Texas, the…
German Investor Morale Surges On Shopping Spree Expectations
Investor morale in Germany rose beyond even the most optimistic forecast in February on expectations consumption will take off in…
Bristol-Myers, Sanofi ordered to pay Hawaii $834 Million Over Plavix Warning Label
A judge in Hawaii on Monday ordered Bristol-Myers Squibb Co and Sanofi SA to pay more than $834 million to…
FX Rigging May Have Spread To 200 Chat Rooms, Lawyer Says
Traders may have used as many as 200 online chat rooms to rig foreign exchange rates, far more than previously…