Amazon will ask some people in California and Texas to test its Prime Air drone delivery, documents show. Amazon plans to ultimately open 145 drone launchpads and deliver 500 million packages by drone a year. Prime Air was announced in 2013 but has met delays and roadblocks, Insider previously reported. Amazon this year aims to recruit […]

PUBLISHED MON, MAR 28 20221:06 PM EDTUPDATED 4 HOURS AGO Crystal Mercedes | CNBC JPMorgan chief global markets strategist Marko Kolanovic said Monday that a recession is not likely to occur in the short term, despite warning signals from the bond market. The 5-year Treasury yield on Monday briefly rose above that of the longer-dated […]

U.S. President Joe Biden and European Commission President Ursula von der Leyen announced the formation of a joint task force to bolster energy security for Ukraine and the EU for next winter and the following one. The primary goals of the task force, the U.S. and EU said in a joint statement, would be to […]

Russian forces halted for weeks at Kyiv’s gates Biden to assess response to refugees in Poland China’s Sinopec halts discussion on investments BUCHA/LVIV, Ukraine, March 25 (Reuters) – Moscow signalled on Friday it was scaling back its ambitions in Ukraine to focus on territory claimed by Russian-backed separatists as Ukrainian forces went on the offensive […]

By Medha Singh March 23 (Reuters) – Battered technology and growth shares have shrugged off rising bond yields to drive a rebound in world stocks as some investors view them as a hedge to inflation against the backdrop of supply-chain snarls and an intensifying war in Ukraine. The NYSE FANG+TM index (.NYFANG), which includes the five core […]

PUBLISHED MON, MAR 21 20224:45 PM EDT Samantha Subin@SAMANTHA_SUBIN In this article AAPL+0.02 (+0.01%) INTC+0.03 (+0.06%) NVDA+0.06 (+0.02%) EAUNCH AMZN+3.86 (+0.12%) GOOGL+1.97 (+0.07%) Google app is seen on a smartphone in this illustration. Dado Ruvic | Reuters As the Federal Reserve starts hiking rates to combat rising inflation, Baird says investors may want to consider owning these technology stocks that […]

WASHINGTON: US President Joe Biden’s warning of “consequences” for any aid China may give to Russia’s Ukraine war effort could force Chinese President Xi Jinping to choose between a longstanding lucrative trade relationship with the West and a growing strategic partnership with Moscow. Based on trade flows alone, Beijing has a lot at stake following […]

Reuters SHANGHAI, March 16 (Reuters) – Hong Kong stocks jumped 9% on Wednesday to mark their best day since 2008, after China’s top policymaker assured markets of stability and support and helped put a floor under sectors hurt by a regulatory crackdown. Vice Premier Liu He said Beijing would roll out support for the Chinese […]

Thursday, March 17, 2022 06:49 AM By Vince Golle and Olivia Rockeman February’s 1.2% jump reflected broad gains across industries Capacity at manufacturers climbed to 78%, highest since 2018 (Bloomberg) — Production at U.S. factories rose in February by the most in four months, indicating firmer momentum in a manufacturing sector still challenged by supply constraints and higher […]

Thursday, March 17, 2022 09:31 AM  By Cristin Flanagan (Bloomberg) –The rout in tech, biotechnology and emerging markets stocks may be nearly over and it’s time for investors to start adding to beaten-down, high-beta positions, according to JPMorgan Chase & Co. strategist Marko Kolanovic. “While the commodity supercycle will persist,” the strategist writes, “the correction in bubble […]