Business

Futures slip as U.S. calls for pause in J&J's single-dose COVID-19 vaccine

(Reuters) -U.S. stock index futures fell on Tuesday as U.S. federal health agencies recommended pausing the use of Johnson & Johnson’s single-dose COVID-19 vaccine, while investors awaited a reading on a key inflation report.FILE PHOTO: A U.S flag is seen on the New York Stock Exchange in the Manhattan borough of New York City, New […]

Business

U.S. budget deficit hits record high for March as aid swells outlays

FILE PHOTO: U.S. currency is seen in this picture illustration taken March 6, 2020. REUTERS/Mike Segar/Illustration/File PhotoWASHINGTON (Reuters) -The U.S. government posted a March budget deficit of $660 billion, a record high for the month, as direct payments to Americans under President Joe Biden’s stimulus package were distributed, the Treasury Department said on Monday. The […]

Business

U.S. budget deficit hits record high for March as aid payments swell outlays

FILE PHOTO: U.S. currency is seen in this picture illustration taken March 6, 2020. REUTERS/Mike Segar/Illustration/File PhotoWASHINGTON (Reuters) – The U.S. government posted a March budget deficit of $660 billion, a record high for the month, as direct payments to Americans under President Joe Biden’s stimulus package were distributed, the Treasury Department said on Monday. […]

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

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

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

Futures rise as tech stocks gain ahead of weekly jobless claims data

(Reuters) – U.S. stock index futures rose on Thursday as technology shares, led by chipmakers, gained following an upbeat earnings outlook by Micron, while investors awaited weekly jobless claims data to gauge the pace of a recovery in the labor market.FILE PHOTO: A child leaps off a bench outside the New York Stock Exchange (NYSE) […]

Business

Five market trends investors are focused on for the second quarter

NEW YORK (Reuters) – The first quarter of 2021 kept investors on their toes as it served up surging yields, an accelerated rotation into cyclical stocks and wild rides in the shares of GameStop that brought the retail investors of WallStreetBets into the public eye.FILE PHOTO: The Wall St. sign is seen near the New […]

Business

Banks, energy stocks drag Wall St lower; Biden's presser in focus

(Corrects typo in paragraph 14)FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS/Carlo Allegri(Reuters) – Wall Street’s main indexes fell on Thursday, dragged down by economically sensitive bank and energy stocks and shrugging off […]