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Yellen and Regulators Met Amid GameStop Frenzy to Discuss Market Volatility The Treasury Secretary met with her fellow regulators to discuss whether markets need new attention after the rise of so-called "meme stocks.".
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Dollar strengthens on US economic outlook; euro dips below $1.20 LONDON (Reuters) - The dollar strengthened to two-month highs and the euro dropped below $1.20, as data pointed to an improvement in the U.S. economic outlook, bond yields rose and oil prices hit a one-year high. FILE PHOTO: Pound and U.S. dollar ...
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Shell's profit slumps in 2020 as the pandemic bites The Anglo-Dutch oil major's annual profit slumped 71% to $4.8 billion as its oil and gas production and profits from refining crude into fuels dropped sharply. In a sign of confidence, however, Shell ...
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Jeff Zucker, CNN's Longtime Leader, Says He Expects to Leave at Year's End Jeffrey A. Zucker, the relentless, ratings-obsessed executive who transformed American television news and played a central role in the political rise of Donald J. Trump, said Thursday that he expected to step down from his job running CNN at the end of the ...
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Traders Piling Into Overvalued Crypto Funds Risk a Painful Exit Many investors racing to get in on Bitcoin's big rally have bet on the cryptocurrency through investment trusts rather than buying the coins themselves. These fund-like trusts have some advantages: Their shares can be bought and sold through ordinary ...
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Deutsche Bank Traders Keep Overhaul Alive After Volatile Year Halfway through Deutsche Bank AG's historic restructuring, Christian Sewing has to thank the investment bank that he had pledged to cut for keeping his plan on track. But with trading set to moderate after last year's volatility, the real test for the chief executive ...
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Shell's profit slides 71% in 2020 as pandemic bites LONDON (Reuters) - Royal Dutch Shell's profit last year dropped to its lowest in at least two decades as the coronavirus pandemic hit energy demand worldwide though the company said it expected to raise its dividend again in a sign of confidence.
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Oil Set for Biggest Weekly Gain Since October on Tight Supply Saudi Aramco leaves oil pricing unchanged for Asia customers · WTI futures climb 0.7% Friday, taking weekly advance to 8.5% ...
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Lionsgate Grows Streaming Subscribers to 14.6M The studio, led by CEO Jon Feltheimer, beat analyst forecasts for revenues and per-share earnings with its latest financial results as it continues a pivot to the streaming space with Starz. Lionsgate on Thursday posted a smaller third-quarter loss on lower ...
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Yellen, after meeting with regulators, says stock market showed resilience through GameStop frenzy Wall Street's top regulators believe financial markets held up under the strain of the trading frenzy that drove shares of GameStop and other neglected companies to nosebleed-high prices last week. But they are assembling a timeline of events and reviewing ...
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