US and Taiwan announce formal bilateral trade talks
The US has announced that they will begin formal trade negotiations with Taiwan, weeks after a controversial visit by US House Speaker Nancy Pelosi.The first round of talks are expected to begin in "early fall", said the Office of US Trade Representative.Their discussion will include talks on trade facilitation,...
‘Starbucks fired me for being three minutes late’
Staff at roughly 220 Starbucks stores across the US have voted to unionise, making unexpectedly successful inroads at the popular chain of coffee shops. But the movement is facing a precarious moment, as the economy slows and the company mounts a furious response.Joselyn Chuquillanqui had worked for Starbucks for nearly seven years when...
Wall St Week Ahead Bargain hunters study stock valuations after big declines
NEW YORK, Jan 28 (Reuters) - A steep slide in U.S. stocks has investors gauging equity valuations to determine whether now is the time to scoop up shares at a bargain.The S&P 500 has dropped over 9% so far in 2022, while the tech-heavy Nasdaq stands in correction territory after a nearly 15%...
Robinhood climbs back from lowest level since IPO
Jan 28 (Reuters) - Shares of Robinhood Markets Inc (HOOD.O) reversed course to trade nearly 6% higher on Friday, driven by a broader market rebound, after touching their lowest level since the stock's IPO in July earlier in the day.Stellar results from Apple (AAPL.O) and Visa (V.N) helped the U.S. stock indexes rise on the last day of a...
China may see Tesla Model S Plaid come March
Tesla CEO Elon Musk has said the company’s Model S Plaid vehicle may be launched in China early next spring.Responding to a question on Twitter late on Sunday night about when the electric sedan will come to China, Musk said “probably around March.”Tesla did not immediately respond to a CNBC...
Goldman Sachs cashes in on M&A wave to cap stellar quarter for U.S. banks
Oct 15 (Reuters) - Goldman Sachs Group Inc (GS.N) on Friday reported a 66% surge in third-quarter profit that smashed expectations, as Wall Street's biggest investment bank rode a record wave of M&A activity and initial public offerings.The bank posted profits of $5.28 billion up from $3.23 billion a year ago, capping a stellar quarter for Wall Street...
Futures edge lower ahead of earnings, inflation worries persist
Oct 18 (Reuters) - U.S. stock index futures edged lower on Monday, led by technology shares, ahead of a slate of earnings reports this week, while a relentless surge in oil prices fueled concerns about elevated inflation.Facebook Inc (FB.O), Google-parent Alphabet (GOOGL.O), Microsoft Corp (MSFT.O), Amazon.com Inc (AMZN.O), Intel Corp and Advanced Micro Devices Inc (AMD.O) slipped between 0.1%...
How the pandemic helped Walmart battle Amazon Marketplace for sellers
CHICAGO (Reuters) - Between 2009 and 2014, Walmart’s Marketplace business, where outside merchants hawk everything from baby blankets to power tools, counted no more than six sellers, and was described by one expert as "in limbo."But what was treated as an afterthought for years has emerged as an important leg in the world’s...
Wall Street opens higher as tech finds respite at end of torrid week
(Reuters) - Wall Street’s main indexes opened higher on Friday, as technology-related stocks rose after being sold off for most parts of the week, while investors awaited a reading on monthly business activity data.The Dow Jones Industrial Average rose 10.8 points, or 0.03%, at the open to 31504.13. The S&P 500 rose 7.2...
Apple shares rise on car rollout plan, battery ambitions
Shares of Apple Inc jumped nearly 5% on Tuesday, a day after Reuters exclusively reported that the iPhone maker is aiming to produce a passenger vehicle by 2024 with its own battery technology.FILE PHOTO: U.S. dollar banknotes are seen in front of the Apple logo in this photo illustration taken August 3, 2018. Photo illustration taken August...