Business

Stocks firm near record as easing U.S. inflation fears lift Wall Street

(Reuters) – Global stocks held firm near record highs on Friday as receding inflation fears in the United States pushed down bond yields and lifted Wall Street, though softness in Chinese shares capped gains in Asia.FILE PHOTO: A man walks past a stock quotation board at a brokerage in Tokyo, Japan February 26, 2021. REUTERS/Kim […]

Business

S&P 500 scales new record high on tech boost

(Reuters) -The S&P 500 hit a record peak on Thursday, helped by gains in tech-related stocks as weaker-than-expected jobless claims data bolstered the Federal Reserve’s stance to keep interest rates lower for a longer period.FILE PHOTO: People are seen on Wall St. outside the New York Stock Exchange (NYSE) in New York City, U.S., March […]

Business

Analysis: Investments get 'real' as inflation fears dim appeal of bonds

LONDON (Reuters) – Electric vehicle infrastructure, top-end offices and industrial metals – with a resurgence in inflation seemingly on the horizon, investors are slashing their exposure to bonds in favour of “real” assets.FILE PHOTO: An ESB (Electricity Supply Board) electric vehicle charge point is seen in use in Dublin, Ireland, September 3, 2020. REUTERS/Clodagh Kilcoyne/File […]

Business

Millions of delayed stimulus payments have arrived. Veterans are next.

By Tara Siegel Bernard More than 25 million lower-income Americans whose stimulus payments were delayed finally received them on Wednesday. And one group still waiting — certain veterans and their beneficiaries — can expect their payments to arrive next week, the Internal Revenue Service said. The payments have been issued in groups, with the first […]

Business

U.S. trade deficit hits record high in February

WASHINGTON (Reuters) -The U.S. trade deficit surged to a record high in February as the nation’s economic activity rebounded more quickly than that of its global rivals and could remain elevated this year, with massive fiscal stimulus expected to spur the fastest growth in nearly four decades.Slideshow ( 2 images )The economy is roaring as […]

Business

Biden says no evidence higher corporate taxes will drive companies abroad

WASHINGTON (Reuters) -President Joe Biden on Monday defended his proposal to raise corporate taxes to help pay for his infrastructure spending plans, saying he was not worried the hike would harm the economy and that there was no evidence it would drive business abroad.FILE PHOTO: U.S. President Joe Biden holds smiles as he holds a […]

Business

Electric Aircraft Start-Up Accuses Rival of Stealing Its Secrets

The age of electric planes may still be years away, but the fight for that market is already heating up. Wisk Aero, a start-up developing an electric aircraft that takes off like a helicopter and flies like a plane, on Tuesday sued another start-up, Archer Aviation, accusing it of stealing trade secrets and infringing on […]

Business

Here come hot desks, Zoom rooms – and holograms?

NEW YORK (NYTIMES) – Since the pandemic sent workers home last year, a slew of modifications have been made to office buildings to protect against the spread of the coronavirus. Now, as companies prepare to bring workers back, experts say even more changes are on the way. Expect expanded gathering spaces and fewer personal workstations, […]

Business

Biden hails strong jobs report, but warns economy could slow if COVID surges again

WASHINGTON (Reuters) -U.S. President Joe Biden on Friday welcomed data that showed the U.S. economy created the most jobs in seven months in March but warned Americans that the progress on the economy could be reversed if the coronavirus surges through the country again.Slideshow ( 2 images )“We still have a long way to go,” […]

Business

Denver area lost $1B in COVID convention cancellations; now, bookings starting to come back – The Denver Post

Conventions were the canary in the coal mine for the economic devastation COVID-19 would bring to Denver. When the American Physical Society canceled its March 2020 meeting at the Colorado Convention Center downtown with two days’ notice, there were some early hopes it might be an isolated event. At that point, there hadn’t even been […]