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14 April
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Elon Musk’s SpaceX raises $1.16 billion in equity financing By Reuters

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(Reuters) - Billionaire Elon Musk's SpaceX has raised about $1.16 billion in equity financing over the last two months, the private rocket company said in an amended regulatory filing on Wednesday. The filing comes after SpaceX, whose investors include Alphabet (NASDAQ:GOOGL) Inc and Fidelity Investments, in February disclosed that it raised about $850 million, which had reportedly lifted its valuation to about $74 billion. (https:// The private space company had raised $1.9 billion in August in its largest single fundraising round, according to financial software and data provider PitchBook. In February, a prototype of...

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14 April
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Germany’s economic institutes cut GDP 2021 growth forecast to 3.7% – sources By Reuters

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BERLIN (Reuters) - Germany's economic institutes will cut their joint 2021 growth forecast for Europe's largest economy to 3.7% from 4.7% previously due to a longer than expected COVID-19 lockdown, two people familiar with the decision told Reuters on Wednesday. The institutes, which are expected to release their joint growth forecast on Thursday, will lift their GDP growth estimate for 2022 to 3.9% from 2.7% previously as private consumption is expected to boost overall output, the sources added. The institutes' estimates form the basis for the government's own growth forecast which the economy ministry will...

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14 April
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Federal Bureau of Prisons says Ponzi schemer Bernard Madoff has passed away By Reuters

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By Jonathan Stempel and Bill Trott NEW YORK (Reuters) - Bernard Madoff, who was convicted for running the largest known Ponzi scheme in history, died on Wednesday in federal prison where he was serving a 150-year sentence, the Bureau of Prisons said. He was 82. Madoff had been suffering from chronic kidney failure and several other medical ailments. He had been held at a federal prison in Butner, North Carolina, after being sentenced in June 2009 to a 150-year term for engineering a fraud estimated as high as $64.8 billion. Madoff's thousands of victims, large and...

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14 April
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JPMorgan profits on capital markets in a cash-flush economy By Reuters

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By Anirban Sen and Elizabeth Dilts Marshall (Reuters) - JPMorgan Chase & Co (NYSE:JPM)'s first-quarter results on Wednesday laid bare the challenge big banks face in this phase of the pandemic, where stimulus programs have left individuals and businesses in good financial shape but so flush with cash that few of them need loans. The biggest U.S. bank sailed past Wall Street expectations by reporting a nearly 400% increase in quarterly profit. The gains came from JPMorgan releasing more than $5 billion it had set aside to cover potential coronavirus loan losses that have not materialized,...

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14 April
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Infosys Slips As Earnings Miss Forecasts, Margin Outlook Disappoints By Investing.com

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By Dhirendra Tripathi Investing.com – Infosys (NYSE:INFY) shares fell more than 4% Wednesday after the company’s fourth quarter earnings and revenue narrowly missed analysts' forecasts. Infosys announced earnings per share of 16 cents on revenue of $3.61 billion. Analysts polled by Investing.com anticipated EPS of 16.26 cents on revenue of $3.62 billion. The company has projected revenue growth of 12% to 14% in constant currency terms in fiscal year 2022, with operating margin seen between 22% and 24%, lower than the 24.5% of fiscal year 2021. Revenue growth of 2% for the quarter ended March came...

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14 April
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Wall Street Opens Higher After First Wave of Bank Earnings; Dow up 120 Pts By Investing.com

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By Geoffrey Smith  Investing.com -- U.S. stock markets opened higher on Wednesday after strong earnings from Goldman Sachs (NYSE:GS) and signs of economic recovery implicit in other earnings reports bolstered sentiment. Goldman and JPMorgan (NYSE:JPM) both blew past expectations for profit in the three months through June, but their stocks diverged amid concern that JPMorgan's, at least, relied heavily one-off factors. Goldman stock rose 2.7% while JPMorgan stock fell 1.3%. By 9:45 AM ET (1445 GMT), the Dow Jones Industrial Average was up 119 points, or 0.4%, while the S&P 500 and the Nasdaq Composite were both...

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14 April
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Europe’s vaccine rollout hit by doubts over J&J, AstraZeneca shots By Reuters

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By Nikolaj Skydsgaard COPENHAGEN (Reuters) -Europe's choppy vaccine rollout hit more trouble on Wednesday after U.S. drugmaker Johnson & Johnson (NYSE:JNJ) delayed its COVID-19 shot and Denmark said it would drop a similar vaccine from AstraZeneca (NASDAQ:AZN) over the risk of blood clotting. The European Medicines Agency (EMA) said it expected to issue a recommendation on Johnson & Johnson's vaccine next week but that it continued to believe the benefits of the shot outweighed the risks of side effects.U.S. federal health agencies recommended pausing use of the vaccine for at least a few days after...

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14 April
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Too early to say which countries open for British travellers -minister By Reuters

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LONDON (Reuters) - It is too early to say which countries will be on Britain's green list for travel, UK aviation minister Robert Courts said on Wednesday, after easyJet (LON:EZJ)'s chief executive forecast that most European countries would be on the list. "It wouldn't be right for me to speculate as to which countries in which areas of the world are likely to be on which list. We will have to look at the right time, it's too early to say at the moment," Courts told a parliamentary committee. He said the government would say...

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14 April
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Dollar General to hire up to 20,000 workers as economy rebounds By Reuters

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(Reuters) - Dollar General Corp (NYSE:DG) said on Wednesday it would recruit up to 20,000 employees this spring, the latest company to plan a hiring spree as more parts of the U.S. economy reopen and fiscal stimulus kicks in. But the number was lower than the more than 50,000 workers the company hired around the same time last year, which was nearly double its normal hiring rate, to support a surge in sales at its stores at the height of COVID-19 lockdowns. The discount retailer said in a statement on Wednesday that it...

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14 April
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Wells Fargo profit beats estimates as credit costs stabilize By Reuters

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(Reuters) - Wells Fargo (NYSE:WFC) & Co reported first-quarter profit ahead of Wall Street estimates on Wednesday as the bank set aside less money to cover soured loans. The fourth-largest U.S. lender said profit rose to $4.74 billion, or $1.05 per share, in the three months ended March, from $653 million, or 1 penny per share, a year earlier. Analysts on average had expected a profit of 70 cents per share, according to the IBES estimate from Refinitiv. The slight year-earlier profit was caused by an exceptionally large provision for potential loan losses, as...

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