By Shreyashi Sanyal and Devik Jain Oct 7 (Reuters) – U.S.stocks climbed on Thursday in a broad-based rally led by heavyweight technology stocks, after a temporary truce in the debt-ceiling standoff in Congress relieved concerns of a possible government debt default later this month. U.S. Senate Majority Leader Chuck Schumer announced Senate leaders have agreed…
By Stephen Nellis Sept 14 (Reuters) – Apple Inc unveiled the iPhone 13 and a new iPad mini on Tuesday, expanding 5G connectivity and showing off faster chips and sharper cameras without raising the phone’s price. The Cupertino, California-based company did not announce any blockbuster features or products, but analysts expect customers hanging onto older…
By Rodrigo Campos NEW YORK, Oct 30 (Reuters) – Stocks across the globe resumed their slide on Friday and oil posted a double-digit weekly fall on continued concern over the economic impact of rising global coronavirus infections and ahead of Tuesday’s U.S.presidential election. Global coronavirus cases rose by over 500,000 for the first time this…
By Medha Singh and Shivani Kumaresan Oct 30 (Reuters) – Wall Street’s major indexes tumbled on Friday, dragged down by a slide in shares of tech heavyweights following their quarterly results, with a record rise in coronavirus cases and nerves over the presidential election adding to a downbeat mood. The three main indexes were on…
By Shreyashi Sanyal Dec 5 (Reuters) – U.S.stocks looked set to open higher on Thursday on brighter hopes of a preliminary trade deal between the United States and China. Headlines around trade suggested the world’s two largest economies were closer to agreeing how many tariffs would be rolled back in a “phase one” trade deal,…
By Humeyra Pamuk SDE BOKER, Israel, March 27 (Reuters) – Israeli and Arab partners convened for a rare summit in Israel on Sunday attended by U.S.Secretary of State Antony Blinken, who sought to reassure the U.S. allies over Washington’s diplomacy with Iran. The issue is likely to dominate the two-day gathering, which includes foreign ministers…
By Eva Mathews and Nivedita Balu April 20 (Reuters) – Netflix Inc shares lost over a third of their value on Wednesday after the company reported its first drop in subscribers in a decade, leaving Wall Street questioning its growth in the face of fierce competition and post-pandemic viewer fatigue. The streaming pioneer’s shares fell…
By Lewis Krauskopf NEW YORK, Jan 22 (Reuters) – A bevy of major U.S.earnings reports next week led by Apple, Microsoft and Facebook could help technology and growth stocks reassert their dominance after a recent run by banks, energy and other potential beneficiaries of an economic reopening. After leading markets higher for most of 2020,…
By Medha Singh and Sruthi Shankar April 27 (Reuters) – Lackluster results from Tesla and 3M dragged Wall Street’s main indexes lower on Tuesday, shifting investor focus to earnings from big technology companies, including Microsoft and Alphabet, later in the day. Electric-car maker Tesla Inc tumbled 4%, dragging down the S&P 500 and the Nasdaq,…