The S&P 500 and the Dow closed at all-time highs on Thursday as worries about rising inflation subsided, while a bigger-than-expected fall in weekly jobless claims and the signing of a massive stimulus bill reinforced expectations of a strong economic recovery.
Families of victims of the deadly 2019 Ethiopian Airlines jet crash may obtain as soon as Thursday Boeing's reports to U.S. regulators that helped keep its 737 MAX flying after a prior disaster with the same jet in Indonesia five months earlier.
A gauge of global stock markets climbed for a third straight session on Thursday to hit its highest level in two weeks, as a dip in government bond yields helped curb inflation concerns and give a boost to equities.
Members of the Sackler family who own Purdue Pharma LP have offered roughly $4.3 billion to resolve sprawling opioid litigation, up from $3 billion initially proposed in settlement discussions underway in the OxyContin maker's bankruptcy proceedings, four people familiar with the matter said.
Oil prices rose more than 2% on Thursday on a weaker dollar and expectations that a crude glut would be short-lived due to a steep fall in U.S. fuel stocks and a resumption of operations by Texas refiners.
Autogrill's chief executive said on Thursday he was upbeat about its long-term prospects although the Italian caterer booked a 480 million euro loss last year when the pandemic emptied bars and restaurants it runs in airports and motorways.
President Joe Biden signed his $1.9 trillion stimulus bill into law on Thursday, commemorating the one-year anniversary of a U.S. lockdown over the coronavirus pandemic with a measure designed to bring relief to Americans and boost the economy.
Direct deposits from the $1.9 trillion COVID-19 relief legislation signed into law by President Joe Biden on Thursday will come as early as this weekend, White House press secretary Jen Psaki said.
French carmaker Renault said on Thursday it would sell all of its 1.54% stake in Germany's Daimler in order to speed up de-leveraging of its automotive business.
The number of Americans filing new claims for jobless benefits dropped to a four-month low last week as an improving public health environment allows more segments of the economy to reopen, putting the labor market recovery back on track.
National Securities Chief Market Strategist Art Hogan tells Reuters' Fred Katayama that cyclical stocks have risen so much in the past two months that he has taken profit and reinvested that into disruptive tech stocks.
The U.S. maker of jets and turbines is splitting off $34 bln of aircraft leasing assets, merging them with Ireland's AerCap as part of its bid to slim down. The catches are that GE will take a loss and that it's far from a clean break. John Foley explains.
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