15 January

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Dow Cuts Gains as Tech Gets Reality Check Ahead of Biden Stimulus Speech By Investing.com

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By Yasin Ebrahim Investing.com – The Dow closed lower after rising to intraday highs Thursday as losses in technology stocks offset gains in value stocks ahead expectations that President-elect Joe Biden will unveil a more than $1 trillion fiscal package to boost the economy. The Dow Jones Industrial Average fell 0.36%, or 68 points, after hitting an intraday record of 31,223.78. The S&P 500...

15 January

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Poshmark valued at over $7 billion in blockbuster Nasdaq debut By Reuters

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By Noor Zainab Hussain and Melissa Fares (Reuters) - Shares of Poshmark Inc soared more than 140% in their stock market debut on Thursday, valuing the online fashion marketplace over $7 billion, highlighting investor optimism for online shopping that has surged during the COVID-19 pandemic. Shares opened at $97.5 on the Nasdaq and finished the first day trading at $101.5, well...

14 January

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IMF urges countries to continue strong fiscal, monetary support By Reuters

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By Andrea Shalal WASHINGTON (Reuters) - The International Monetary Fund is urging countries to continue strong fiscal and monetary efforts to support their economies given continued uncertainty about the risks posed by a resurgence in COVID-19 cases and new variants. "The global economy is at a critical juncture," IMF spokesman Gerry Rice told reporters in an online briefing. "There remains a great...

14 January

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Biden to unveil plan to pump $1.5 trillion into pandemic-hit economy By Reuters

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By Jeff Mason and Jarrett Renshaw WILMINGTON, Del. (Reuters) - President-elect Joe Biden will unveil a stimulus package proposal on Thursday designed to jump-start the economy during the coronavirus pandemic with an economic lifeline that could exceed $1.5 trillion and help minority communities. Biden campaigned last year on a promise to take the pandemic more seriously than President Donald Trump, and...

14 January

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Powell Signals Fed in No Rush to Tighten, Downplays Risk of Runaway Inflation By Investing.com

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By Yasin Ebrahim Investing.com – Federal Reserve Chairman Jerome Powell said the central bank would allow the labor market to run hot and inflation to move above its 2% target over time, reaffirming market expectations that the central bank is in no rush to raise rates. Powell acknowledged the potential of pent-up consumer demand boosting inflation as the pandemic recedes, but downplayed the...

14 January

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Entain in talks to appoint Jette Nygaard-Andersen as CEO – Sky News By Reuters

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(Reuters) - Entain Plc is in advanced talks to appoint Jette Nygaard-Andersen as its next chief executive, Sky News reported on Thursday. A deal to appoint Andersen as CEO has not yet been concluded but it is likely to be announced as soon as next week, Sky News https:// said citing people close to the FTSE-100 gaming operator. Entain did not immediately...

14 January

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Airbnb CEO says travel never going back to the way it was before pandemic By Reuters

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By Subrat Patnaik (Reuters) - Airbnb Chief Executive Officer Brian Chesky on Thursday predicted travel would permanently change due to the pandemic with people seeking out thousands of smaller cities and spending more time visiting friends and family. Traditional tourism and sightseeing at top global destinations would be significantly reduced by travelers who...

14 January

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U.S. Consumer Comfort Drops to Six-Month Low on Finances Concern By Bloomberg

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(Bloomberg) -- A gauge of U.S. consumer sentiment dropped last week to a six-month low as Americans’ ratings of their personal finances returned to levels not seen since the initial months of the pandemic. The Bloomberg Consumer Comfort Index fell by 1.2 points to 43.2 points, data released Thursday showed. The eighth-straight decline left...

14 January

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No jab, no job? UK plumbing firm exploring vaccine rules for staff By Reuters

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By Estelle Shirbon LONDON (Reuters) - A firm of London plumbers is looking at changing its employment contracts to include a requirement for workers to have a COVID-19 vaccine, its founder said on Thursday, though he added that no one would get fired for refusing to have the shot. Pimlico Plumbers, with a...

14 January

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U.K. shares higher at close of trade; Investing.com United Kingdom 100 up 0.78% By Investing.com

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Investing.com – U.K. equities were higher at the close on Thursday, as gains in the Mining, Travel & Leisure and Industrial Metals & Mining sectors propelled shares higher. At the close in London, the Investing.com United Kingdom 100 rose 0.78%. The biggest gainers of the session on the Investing.com United Kingdom 100 were EasyJet PLC (LON:EZJ), which rose 6.90% or 52.60...

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Dow Cuts Gains as Tech Gets Reality Check Ahead of Biden Stimulus Speech By Investing.com

Poshmark valued at over $7 billion in blockbuster Nasdaq debut By Reuters

IMF urges countries to continue strong fiscal, monetary support By Reuters

Biden to unveil plan to pump $1.5 trillion into pandemic-hit economy By Reuters

Powell Signals Fed in No Rush to Tighten, Downplays Risk of Runaway Inflation By Investing.com

Entain in talks to appoint Jette Nygaard-Andersen as CEO – Sky News By Reuters

Airbnb CEO says travel never going back to the way it was before pandemic By Reuters

U.S. Consumer Comfort Drops to Six-Month Low on Finances Concern By Bloomberg

No jab, no job? UK plumbing firm exploring vaccine rules for staff By Reuters

U.K. shares higher at close of trade; Investing.com United Kingdom 100 up 0.78% By Investing.com

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