Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Losses on short positions in U.S. firms top $70 billion – Ortex data
By Sujata Rao LONDON (Reuters) - Short-sellers are sitting on estimated losses of $70.87 billion from their short positions in U.S. companies so far this year, data from financial data analytics firm ...
Jan 28, 2021
Wall Street expects Tesla’s deliveries to rise by at least 50% in 2021
(Reuters) - Wall Street analysts on Thursday estimated Tesla Inc will hand over at least 50% more vehicles in 2021, a day after the electric carmaker disappointed investors by holding back on providin...
Jan 28, 2021
IMF says fiscal support needed until recovery takes hold
WASHINGTON (Reuters) - Global debt likely reached 98% of economic output at the end of 2020 as governments poured in nearly $14 trillion in fiscal support to battle the coronavirus pandemic, the Inter...
Jan 28, 2021
Walmart plans big push to challenge Amazon on advertising
By Melissa Fares and Sheila Dang NEW YORK/ DALLAS (Reuters) - Walmart Inc plans to expand its advertising business, adding space for ads at its U.S. stores and sharing its vast trove of shopper data w...
Jan 28, 2021
S&P, Dow futures eke out gains ahead of GDP, jobless claims data
By Devik Jain and Shreyashi Sanyal (Reuters) - The S&P 500 and the Dow index futures traded in a tight range on Thursday, ahead of data which will likely show another sharp contraction in the U.S. eco...
Jan 28, 2021
McDonald’s earnings miss estimates as Europe lockdowns squash sales
(Reuters) - McDonald's Corp missed Wall Street estimates for quarterly profit and revenue on Thursday as a second round of lockdowns in parts of Europe hurt its business and countered the hamburger ch...
Jan 28, 2021
SAP-owned Qualtrics valued at over $15 billion in IPO
By Joshua Franklin and Niket Nishant (Reuters) - Qualtrics International Inc was valued at over $15 billion in its initial public offering, against the backdrop of a capital market frenzy that has see...
Jan 28, 2021
American Airlines posts record annual loss on pandemic pain
(Reuters) - American Airlines Group Inc reported an $8.9 billion annual loss on Thursday, its biggest on record, as travel restrictions and lockdowns due to the COVID-19 pandemic ravaged the aviation ...
Jan 28, 2021
Analysis: Missing rail link, underused port: EU’s uphill battle to spend recovery billions
By Gabriela Baczynska and Gavin Jones BRUSSELS (Reuters) - In 2016, the agency set up to ensure European Union funds are spent properly complained that the southern Italian port of Taranto was "heavil...
Jan 28, 2021
Dow profit rises 61.4% on recovery in chemical prices, demand
(Reuters) - Dow Inc reported a fourth-quarter profit on Thursday that rose 61.4%, compared with the third, helped by higher demand and prices for its chemicals following a gradual recovery from the im...
Jan 28, 2021
