Tuesday 23 March 2021

Robinhood confidentially files for U.S. stock market listing: sources

Robinhood confidentially files for U.S. stock market listing: sources

Robinhood Markets Inc, the online brokerage at the heart of the historic retail trading frenzy that gripped Wall Street this year, has confidentially submitted plans to regulators for a U.S. stock market listing, people familiar with the matter said.

Canada judge rejects Huawei CFO's request to add evidence in U.S. extradition

A Canadian judge has rejected Huawei Chief Financial Officer Meng Wanzhou's request to add more evidence in her U.S. extradition case, according to a ruling released on Monday.

Former executive Adam Selipsky to return to AWS

Amazon.com Inc on Tuesday named Salesforce.com Inc executive Adam Selipsky to lead its Amazon Web Services unit.

GameStop revenue shy of estimates; profits rise, shares up after hours

GameStop Corp, the video game retailer at the center of this year's Reddit-driven trading frenzy, fell short of holiday-quarter revenue estimates on Tuesday, squeezed by pandemic-led store closures and as more gamers drifted to online puchases.

U.S. Postal Service proposes revamp plan, would slow some mail

WASHINGTON (Reuters) -The U.S. Postal Service (USPS) on Tuesday outlined a proposed 10-year strategic plan that would slow current first-class delivery standards and raise some prices to stem $160 billion in forecasted red ink over the next decade.

Stocks slide as stimulus, infrastructure costs spook investors

NEW YORK (Reuters) -U.S. stocks tumbled on Tuesday as concerns about the cost of infrastructure spending and potential tax hikes to pay for President Joe Biden's $1.9 trillion relief bill weighed on investors who also fear further downside in the market.

Equities, oil prices fall on concerns over Europe COVID-19 surge

NEW YORK (Reuters) -World equity benchmarks and oil prices drifted lower on Tuesday while safe-haven assets gained as an extended economic lockdown in Germany and U.S. and European sanctions on China curbed risk appetite.

Yellen says post-crisis plans will move to infrastructure, taxes

Treasury Secretary Janet Yellen said on Tuesday the U.S. economy remains in crisis from the pandemic even as she defended developing plans for future tax increases to pay for new public investments.

Democratic U.S. senators urge Biden to speed sanctions over Nord Stream 2

Two senior U.S. Senate Democrats urged President Joe Biden's administration on Tuesday to apply all its diplomatic weight to stop the Nord Stream 2 natural gas pipeline from Russia to Europe, increasing pressure from members of his party.

U.S. Treasury's Yellen sees post-COVID growth, possible full employment in 2022

Treasury Secretary Janet Yellen will paint an optimistic picture for the U.S. economy as it emerges from the coronavirus pandemic, telling U.S. lawmakers on Tuesday that she sees both growth and possibly full employment next year - due to President Joe Biden's coronavirus stimulus package.

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