Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Wall Street’s SPAC sell-off drags on amid fears of a bubble
By Joshua Franklin and Aaron Saldanha (Reuters) - Shares of special-purpose acquisition companies (SPACs), for months the darling of Wall Street as they attracted unprecedented investor interest, slid...
Mar 05, 2021
Fed’s Bullard: Not particularly worried by rise in Treasury yields
(Reuters) - The recent run up in yields on longer-dated U.S. Treasury securities reflects improving expectations for the U.S. economy, St. Louis Federal Reserve President James Bullard said on Friday,...
Mar 05, 2021
Investment grade credit slips as duration risk rises
By Kate Duguid NEW YORK (Reuters) - A major exchange-traded fund tracking the U.S. investment-grade corporate bond market fell on Friday to its lowest since May 2020, after blowout employment data and...
Mar 05, 2021
Kashkari: Treasury market moves show Fed’s new framework is working
(Reuters) - Minneapolis Federal Reserve Bank President Neel Kashkari said he is not concerned about the recent rise in the 10-year U.S. Treasury yield, noting that the real yield, after accounting for...
Mar 05, 2021
‘I’ll believe it when I see it’ – Saudi Arabia doubts oil recovery and keeps taps tight
By Ahmad Ghaddar and Alex Lawler LONDON (Reuters) - This week's surprise decision by Saudi Arabia and other top oil producers to broadly stick with output cuts despite rising crude prices was influenc...
Mar 05, 2021
U.S., EU agree tariff freeze in aircraft dispute, says EU’s Von der Leyen
BRUSSELS (Reuters) - The European Union and the United States have agree to suspend for four months tariffs imposed in a dispute over aircraft subsidies for four months, European Commission President ...
Mar 05, 2021
Thyssenkrupp steel unit must manage without funds from group: CEO
FRANKFURT (Reuters) - Thyssenkrupp's steel unit must cut costs to reach a point where it no longer needs financial support from the group, Chief Executive Martina Merz said in an internal memo to staf...
Mar 05, 2021
German city calls on Berlin to assume any Greensill Bank losses
FRANKFURT (Reuters) - German city Osnabrueck fears it will lose 14 million euros ($17 million) invested with Greensill Bank after the country's financial regulator warned this week of "an imminent ris...
Mar 05, 2021
U.S. says John McAfee has been indicted for fraud and money laundering conspiracy crimes
NEW YORK (Reuters) - John McAfee, the founder of the McAfee antivirus software company, has been indicted in Manhattan federal court on fraud and money laundering conspiracy crimes, stemming from two ...
Mar 05, 2021
Venture investor Chamath Palihapitiya sells Virgin Galactic stake for about $213 million
(Reuters) - Venture investor Chamath Palihapitiya this week sold his remaining personal stake in Virgin Galactic Holdings Inc, a space tourism company he helped take public in 2019, for around $213 mi...
Mar 05, 2021
