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14 January
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WeWork CEO says company on track to be profitable by end of year By Reuters

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By Sheila Dang and Abhijith G (Reuters) - WeWork Chief Executive Sandeep Mathrani said Wednesday the co-working firm is "completely on track" to reach profitability by the fourth quarter of this year, and its office spaces in China have nearly bounced back to pre-pandemic levels. Mathrani took the helm at WeWork in February to turn around the company after a disastrous period...

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14 January
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U.S. asks Tesla to recall 158,000 vehicles for touchscreen failures By Reuters

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By David Shepardson WASHINGTON (Reuters) - The National Highway Traffic Safety Administration (NHTSA) on Wednesday asked Tesla Inc to recall 158,000 Model S and Model X vehicles over media control unit (MCU) failures that could pose safety risks by leading to touchscreen displays not working. The auto safety agency made the unusual request in a formal letter to Tesla after upgrading a...

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14 January
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London resilient at top of European tech investment table despite COVID By Reuters

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LONDON (Reuters) - London retained its position as the top European destination for tech venture capital in 2020, with levels near the record amount of the year before despite the impact of COVID-19, according to research by Dealroom.co and London & Partners. Start-ups and growth companies attracted $10.5 billion worth of funding, accounting for more than a quarter of all investment...

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14 January
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Saudi crown prince says kingdom offers $6 trillion investment opportunities over next decade – state news agency By Reuters

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CAIRO (Reuters) - Saudi Crown Prince Mohammed bin Salman said the kingdom offers investment opportunities worth $6 trillion over the next decade, with new projects representing half of this value, the state news agency reported citing his speech at the World Economic Forum on Wednesday. The kingdom's sovereign investment fund, the Public Investment Fund (PIF) will finance 85% of these opportunities along...

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14 January
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Delta, Poshmark, Fed’s Powell Speaks: 3 Things to Watch By Investing.com

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By Liz Moyer Investing.com -- Stocks waffled for most of the day, but tech staged an afternoon rally as lawmakers gathered to impeach President Donald Trump for the second time in a year.  The unprecedented political move comes a week after an unruly mob of Trump supporters overtook the Capitol, causing damage and resulting in five deaths. Since then, the grounds surrounding the Hill...

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14 January
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Dow Flat as Focus Shifts to Historic Trump Impeachment Vote By Investing.com

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By Yasin Ebrahim Investing.com – The Dow ended unchanged Wednesday, as political turmoil on Capitol Hill gripped investor attention ahead of the vote in the House to impeach President Donald Trump for an historic second time.   The Dow Jones Industrial Average fell 0.03%, or 8 points. The S&P 500 was up 0.27%, while the Nasdaq Composite gained 0.43%. The House of Representative is...

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14 January
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Citi to combine wealth management units under single business By Reuters

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(Reuters) - Citigroup Inc (NYSE:C) said on Wednesday it has created a single wealth management business, Citi global wealth, to deliver products and services to clients from the affluent segment, as well as ultra-high net worth individuals. The new unit, formed by combining wealth management teams in global consumer banking and the institutional clients group, will be led by Jim...

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13 January
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Dow Kept in Check on Political Tensions as House Readies Impeachment Vote By Investing.com

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By Yasin Ebrahim Investing.com – The Dow swung between gains and losses Wednesday, as investors weighed an Intel-led climb in technology against ongoing political uncertainty and a record surge in infections that threaten further restrictions. The Dow Jones Industrial Average rose 0.18%, or 55 points. The S&P 500 was up 0.36%, while the Nasdaq Composite gained 0.56%. The House of Representative is set...

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13 January
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Lockdowns in 2021 threaten to slow first-quarter earnings recovery globally By Reuters

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By Thyagaraju Adinarayan and Caroline Valetkevitch LONDON/NEW YORK (Reuters) - A major chunk of the global recovery in companies' earnings expected in the first quarter is at risk of being pushed back further as lockdowns and mobility restrictions in several countries cloud hopes of a swifter economic rebound, investment banks said. China announced lockdowns in four cities and European countries unveiled tighter...

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13 January
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PM Johnson ‘more and more obsessed’ about climate change action By Reuters

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LONDON (Reuters) - British Prime minister Boris Johnson said he was becoming obsessed with what can be done on climate change, when asked on Wednesday about Britain ambitions for its upcoming climate change summit. "I'm becoming more and more obsessed with what we can do," Johnson said, adding that the green agenda provided an opportunity to aid economic recovery from the COVID-19...

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