 | | | | Stellantis said on Friday it will halt production at five North American plants next week because of the global microchip shortage. | | | | | | U.S. Senate Democrats on Friday introduced a resolution to rescind a rule they say curbs shareholder voting rights, their second move aimed at unraveling business-friendly regulations introduced by former President Donald Trump's administration. | | | | | | The S&P 500 and Dow rose in a broad-based rally on Friday with technology, healthcare and financial stocks providing the biggest lift as investors bet on a recovery that is expected to deliver the fastest economic growth since 1984. | | | | | | Global equity benchmarks and oil prices jumped on Friday while safe havens such as the dollar and U.S. Treasuries dipped as hopes for a global economic recovery overshadowed the continued blockage of one of the world's most vital shipping lanes. | | | | | | (Reuters) -"Meme" stock-in-chief GameStop swung between gains and losses on Friday, with the shares reversing course after rising 19% earlier in the session. | | | | | | (Reuters) -"Meme" stock-in-chief GameStop jumped another 13% in value on Friday, building on a surge since results earlier this week that showed online sales improving and a much-hyped management reshuffle gathering pace. | | | | | | By Nadine Awadalla, Jessica Jaganathan, Roslan Khasawneh and Julia Payne | | | | | | U.S.-listed shares of China based Baidu Inc and Tencent Music Entertainment group plunged this week, dropping as much as 33.5% and 48.5%, respectively, from Tuesday's closing levels. | | | | | | Egypt's Suez Canal Authority said on Friday that efforts by tug boats to free the stranded container ship had restarted after dredging operations were complete. | | | | | | The Biden administration said Friday it wants new public input on establishing licensing or other procedures to help companies comply with a sweeping new rule targeting Chinese technology firms. | | | | | |
