Tuesday, 6 April 2021

U.S. job openings jump to two-year high in boost to labor market

U.S. job openings jump to two-year high in boost to labor market

U.S. job openings rose to a two-year high in February while hiring picked up as strengthening domestic demand amid increased COVID-19 vaccinations and additional pandemic aid from the government boost companies' needs for more workers.

U.S. must invest heavily to stay No. 1 economy: White House economist

The United States must invest heavily in its workforce, infrastructure, research and development remain competitive and stay the world's largest economy, Cecilia Rouse, chair of the White House Council of Economic Advisers said on Tuesday.

Morgan Stanley dumped $5 billion in Archegos stock night before fire sale: CNBC

Morgan Stanley sold about $5 billion of Archegos' stocks the night before the fire sale hit rivals, CNBC reported on Tuesday, citing people with knowledge of the trades.

S&P 500 slips but closes near record level

NEW YORK (Reuters) -The S&P 500 slipped on Tuesday but stayed near closing record highs posted in consecutive sessions, as investors weighed more strong U.S. economic data against nervousness about upcoming quarterly earnings reports.

Halliburton's CEO earned $10 million more in 2020, despite pledge to cut pay

(Reuters) -The top executive for oilfield services firm Halliburton Co earned roughly $10 million more in 2020 than the prior year, despite company pledges to reduce executive pay as the coronavirus pandemic crushed the oil industry, according to a regulatory document filed on Tuesday.

Wall Street pulls back, Treasury yields inch lower as eyes turn to Fed, earnings

Wall Street lost ground, pulling back from the prior session's record closing highs and Treasury yields edged lower on Tuesday as investors trained their focus on the approaching earnings season and the Federal Reserve's economic outlook.

Google AI scientist Bengio resigns after colleagues' firings - email

(Reuters) -Google research manager Samy Bengio on Tuesday said he is resigning, according to an internal email seen by Reuters, in a blow to the Alphabet Inc unit after the firings of his colleagues who questioned paper review and diversity practices.

Amazon supports higher corporate taxes in U.S.: Bezos

Amazon.com Inc is in support of a rise in U.S. corporate tax rates, the e-commerce firm's outgoing chief executive officer Jeff Bezos said on Tuesday.

GM to start making Silverado electric pickups late next year in Detroit: source

General Motors Co is planning to start production of Chevrolet Silverado electric pickup truck late next year at its Detroit-Hamtramck assembly plant, a source familiar with the U.S. automaker's plan said on Tuesday.

Oil gains over 1% on strong U.S., China economic data

Strong economic data from China and the United States helped lift oil prices by more than 1% on Tuesday, recouping some of the previous session's losses.

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