SHANGHAI (Reuters) – China’s state media on Thursday said yuan-denominated assets remain attractive and that short-term market panic does not […]
Hyundai Motor, LG’s battery unit to invest $1 billion in EV partnership
(Reuters) – South Korea’s Hyundai Motor Group and LG Energy Solution said on Thursday they would set up a joint […]
Gloomy outlook dulls PayPal’s quarterly profit beat
(Reuters) -Shares of PayPal Holdings Inc fell 8% on the payment company’s downbeat current-quarter profit outlook that outweighed a better-than-expected […]
Powell says Fed likely to taper asset purchases ‘at the same time’
WASHINGTON (Reuters) – The Federal Reserve will likely reduce its monthly purchases of mortgage-backed securities and Treasuries simultaneously when it […]
Facebook’s slowdown warning hangs over strong ad sales, while Zuckerberg talks ‘metaverse’
By Elizabeth Culliford and Nivedita Balu (Reuters) -Facebook Inc said on Wednesday it expects revenue growth to “decelerate significantly,” sending […]
Qualcomm optimistic on 5G, connected device sales as supply bottlenecks ease
By Stephen Nellis (Reuters) -Qualcomm Inc on Wednesday predicted a rise in sales of chips for 5G phones, including Apple […]
Ford raises 2020 profit outlook, eyes shift to build-to-order
By Ben Klayman and Paul Lienert DETROIT (Reuters) -Ford Motor Co on Wednesday boosted its 2021 profit forecast after reporting […]
Fed says economic recovery remains on track despite COVID-19 surge
By Howard Schneider, Lindsay Dunsmuir and Ann Saphir WASHINGTON (Reuters) -The U.S. economic recovery is still on track despite a […]
Morgan Stanley raises pay for junior bankers, capital markets employees – source
By Anirudh Saligrama (Reuters) -Morgan Stanley has raised the base pay for first and second-year bankers in its investment banking […]