Thursday 18 February 2021

Yellen says SEC will prepare report on retail trading volatility

Yellen says SEC will prepare report on retail trading volatility

U.S. Treasury Secretary Janet Yellen said on Thursday that an increased prevalence of zero-commission trading has spurred retail investors to get more involved in stocks, and the Securities and Exchange Commission will prepare a report on trading practices amid recent volatility.

U.S. labor department seen saying it will not enforce Trump-era investment rules - sources

The U.S. Department of Labor is expected to announce that it will not enforce Trump administration rules that curb investments based on environmental and social factors, and which limit shareholder voting in corporate meetings, according to two people familiar with the matter.

Roku beats quarterly revenue estimates on streaming boost

Roku Inc reported better-than-expected quarterly revenue on Thursday, as the video-streaming device maker benefited from an influx of cord-cutting subscribers dropping their cable packages in favor of streaming services.

Stocks fall as risk appetite sours; oil rally stalls

A gauge of global equity markets fell for a third straight session on Thursday, dragged lower by weakness on Wall Street on views the market has climbed too high to soon, while a rise in weekly jobless claims pointed to a fragile recovery in the U.S. labor market.

Facebook, Google, Twitter CEOs will appear before U.S. House panel on March 25

The chief executives of Facebook Inc, Alphabet Inc and Twitter will testify before a U.S. House panel on March 25 on "misinformation and disinformation plaguing online platforms." 

Wall St closes down on tech slide, rising jobless claims

Stocks on Wall Street closed lower on Thursday as investors shifted out of big technology names, while an unexpected rise in weekly U.S. jobless claims pointed to a fragile recovery in the labor market.

Internet groups, U.S. Chamber sue Maryland over digital advertising tax

A group representing Amazon.com Inc, Facebook Inc and Alphabet Inc joined the U.S. Chamber of Commerce and others in filing suit on Thursday to challenge Maryland's first-in-the nation new digital advertising tax.

Ford latest automaker to shut North American plants on U.S. winter weather

Freezing weather that interrupted gas supplies in the southern United States and Mexico was wreaking havoc on Thursday with car manufacturing plants on both sides of the border, with Ford saying several of its assembly plants have been shut.

Biden's trade czar nominee Tai to get Feb. 25 Senate confirmation hearing

President Joe Biden's nominee for U.S. trade representative, Katherine Tai, will get a confirmation hearing next week, a key step for the new administration to start rebuilding battered trade ties with U.S. allies.

Cryptocurrency Ethereum hits record high, lifted by bitcoin, institutional demand

Ethereum, the second largest cryptocurrency in terms of market capitalization and volume, hit a record high on Thursday, lifted by growing institutional interest in the space, and more than a week after its futures were launched on the Chicago Mercantile Exchange.

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