U.S. Senate confirms Biden nominee for No. 2 State Dept post

WASHINGTON (Reuters) -The U.S. Senate on Tuesday confirmed President Joe Biden’s nominee Wendy Sherman to be deputy secretary of state, the number two position at the department.FILE PHOTO: Wendy Sherman arrives for a meeting on Syria at the United Nations European headquarters in Geneva February 13, 2014. REUTERS/Denis BalibouseThe Senate

Tech stocks push S&P 500 to record close, buoy Nasdaq

(Reuters) – The S&P 500 closed at another record high on Tuesday and the Nasdaq composite index jumped, as investors shook off concerns about the halt in Johnson & Johnson’s COVID-19 vaccine rollout and strong U.S. inflation. The drugmaker’s shares hit a one-month low before recovering some losses to close

Roblox surges to record after Hasbro unveils Nerf partnership

FILE PHOTO: A man photographs a Roblox banner displayed, to celebrate the company’s IPO, on the front facade of the New York Stock Exchange (NYSE) in New York, U.S., March 10, 2021. REUTERS/Brendan McDermid/File Photo(Reuters) – Shares of Roblox Corp surged to a record high on Tuesday after Hasbro Inc

European CEOs, lawmakers add to pressure on Biden to hike climate target

Slideshow ( 3 images )BRUSSELS (Reuters) – European politicians, companies and trade unions on Tuesday called on the United States to slash its greenhouse gas emissions by at least 50% this decade, adding to mounting pressure on the Biden administration ahead of a climate summit next week. The world’s biggest

Fixing the credit Catch-22: How Biden wants to make credit scores fairer

(Reuters) – A chance conversation with a customer ended up saving Vincent Lipford, a self-employed barber in Memphis, Tennessee, more than $20,000.Donald Hall and Vincent Lipford pose for a photo at a barber shop in Memphis, Tennessee, U.S., in this March 23, 2021 handout photo. Hope Credit Union/Handout via REUTERSThe

Wall Street ticks lower in choppy trading ahead of Fed minutes

(Reuters) – Wall Street’s main indexes dipped in choppy trading on Wednesday as investors cautiously awaited minutes from the Federal Reserve’s meeting last month that could offer clues on the central bank’s views on inflation and an economic recovery.FILE PHOTO: The front facade of the New York Stock Exchange (NYSE)

S&P 500 edges up to touch record for fourth day

NEW YORK (Reuters) -Wall Street was little changed on Tuesday, with the Dow easing but the S&P 500 inching up to hit a record high for a fourth consecutive session, buoyed by more strong U.S. economic data.FILE PHOTO: A U.S flag is seen on the New York Stock Exchange in

S&P 500, Dow at all-time highs after strong jobs data

(Reuters) – The S&P 500 and the Dow hit record highs on Monday as investors cheered strong jobs data and looked for a report on the services sector with signals that 2021 could see the best annual economic growth in nearly four decades.FILE PHOTO: A U.S. flag flies outside The

S&P 500 hits 4,000 on tech power, recovery optimism

(Reuters) – The S&P 500 breached the 4,000 mark for the first time on Thursday, powered by gains in technology shares and optimism about a pickup in global economic activity.FILE PHOTO: A child leaps off a bench outside the New York Stock Exchange (NYSE) in New York City, U.S., March

Hedge fund fallout wipes over $9 billion from market value of Credit Suisse, Nomura

LONDON (Reuters) – Shares in Nomura and Credit Suisse fell further on Wednesday, with a collective $9 billion wiped off their market value so far this week as the banks braced for big losses from the blow-up of U.S.-based hedge fund Archegos Capital.Slideshow ( 2 images )Credit Suisse and Nomura