Wednesday, 7 April 2021

S&P gains, Treasury yields reverse losses in wake of Fed minutes

S&P gains, Treasury yields reverse losses in wake of Fed minutes

The S&P 500 and the Dow closed modestly higher and Treasury yields reversed slight losses after the Federal Reserve, in minutes of its latest meeting, said that the economic recovery remains far from complete despite showing signs of progress.

Twitter held talks for $4 billion takeover of Clubhouse: Bloomberg News

Twitter Inc held discussions in recent months to buy audio app Clubhouse at a $4 billion valuation, Bloomberg News reported on Wednesday, citing people familiar with the matter.

Biden plan calls for $100 billion in new EV consumer rebates: email

The Biden administration's $174 billion proposal to boost electric vehicles calls for $100 billion in new consumer rebates and $15 billion to build 500,000 new electric vehicle charging stations, according to a Transportation Department email sent to congressional staff and seen by Reuters.

Biden willing to negotiate on corporate taxes, but 'sick and tired' of non-payers

WASHINGTON (Reuters) -President Joe Biden on Wednesday made a fiery appeal for U.S companies to foot the bill for his $2 trillion-plus infrastructure plan, but signaled an openness to negotiate how big their tax bill should be.

U.S. Senate readying legislation on semiconductors, Biden says

WASHINGTON (Reuters) -U.S. Senate leaders are preparing to introduce legislation on semiconductors, President Joe Biden said on Wednesday as the nation wrestles with an ongoing shortage of the critical technology used in a range of devices from cars to computers.

CEO Mary Barra bets GM can grow beyond cars and trucks

Pam Fletcher wants to change the way General Motors Co makes money.

S&P closes slightly higher after Fed minutes feed stable rate view

Major averages hovered near unchanged on Wednesday, with the S&P 500 closing up slightly after the Federal Reserve released minutes from its most recent meeting that reinforced the U.S. central bank's position to remain patient before raising rates.

GM offers clues to technology aimed at slashing EV battery costs

General Motors Co is testing a variety of battery chemistries, technologies and manufacturing processes aimed at slashing the cost of future electric vehicle batteries and reducing its dependence on such price-sensitive metals as cobalt, President Mark Reuss said on Wednesday.

U.S. SEC blocks Amazon effort to stop shareholder votes on racial equity audit

U.S. securities regulators on Wednesday turned down an exemption sought by Amazon.com Inc to stop its investors from considering a shareholder proposal related to racial equity at the e-commerce giant.

U.S. Senate readying legislation on semiconductors, Biden says

U.S. Senate leaders are preparing to introduce legislation on semiconductors, U.S. President Joe Biden said on Wednesday as the nation wrestles with an ongoing shortage of the critical technology used in a range of devices from cars to computers.

Related Videos

GM wants to transform beyond cars and trucks

Digital nomads wooed by Greece

IBM_Security_Shield_1Q21_Reuters_Thumbnail.png
Sponsored by IBM: IBM Security Solutions

Explore the cybersecurity solutions behind the shield to help you put security everywhere

LEARN MORE