An infrastructure package proposed by U.S. Senate Republicans on Thursday is about a quarter the size of Democratic President Joe Biden's sweeping $2.3 trillion proposal and focuses narrowly on broadband access and traditional infrastructure projects.
Snap Inc (SNAP.N) on Thursday beat Wall Street estimates for user growth and revenue as the improved Android version of its popular messaging app Snapchat attracted more users, but growth slowed within North America.
Mattel Inc (MAT.O) reported a record 47% rise in quarterly sales on Thursday as Americans armed with stimulus checks snapped up Barbie dolls and Hot Wheels cars in the usually slow post-holiday months.
While it's still early in the earnings period, a record percentage of first-quarter profit reports from major U.S. companies are coming in above analysts' expectations.
U.S. companies' borrowings for capital investments rose 4% in March from a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Thursday.
Goldman Sachs Group Inc (GS.N) is rehiring a former executive in its consumer bank division and promoting several others, as the company seeks to replenish its top leadership after several key departures in recent months.
Blackstone Group Inc (BX.N), the world's largest manager of alternative assets such as private equity and real estate, said on Thursday that its distributable earnings more than doubled in the first quarter to $1.2 billion as it cashed out on holdings.
Stocks on Wall Street were thrown into reverse on Thursday on reports that U.S. President Joe Biden will propose hiking taxes on the wealthy, including capital gains taxes.
London's High Court has paved the way for a case that could force its judges to take a view on who invented bitcoin, the world's biggest cryptocurrency which last week soared to all-time highs.
Global stocks fell on Thursday weighed by Wall Street after a report that the Biden administration will propose a sharp increase to capital gains tax, while the dollar index gained as the euro and pound gave back some of the month's gains.
