 | | | | Electric-truck startup Rivian Automotive Inc could target a valuation of about $70 billion in its potential public listing later this year, Bloomberg news reported on Friday. | | | | | | U.S. President Joe Biden's $6 trillion budget plan foresees a big near-term increase in U.S. debt to fund his plans to reduce inequality, combat climate change, rebuild U.S. infrastructure and invest in new technologies, but counts on higher tax revenues to reduce deficits in the longer term. | | | | | | U.S. stocks climbed on Friday as investors brushed off a stronger-than-expected inflation reading, as both the Dow (.DJI) and S&P 500 (.SPX) indexes clinched their first weekly gain in the past three weeks. | | | | | | U.S. stocks climbed on Friday as investors brushed off a stronger-than-expected inflation reading, as both the Dow (.DJI) and S&P 500 (.SPX) indexes clinched their first weekly gain in the past three weeks. | | | | | | Auto data startup Wejo, backed by General Motors Co (GM.N),will go public through a reverse merger with blank-check company Virtuoso Acquisition Corp (VOSO.O) in a deal that values the British company at $800 million including debt, the companies said on Friday. | | | | | | Southwest Airlines Co (LUV.N) said on Friday it will not resume alcohol services on board until the end of July, ditching its plans to restart next month, following a recent surge in in-flight disruptions by passengers. | | | | | | Colonial Pipeline, the nation's largest fuel pipeline, on Friday said it was experiencing network issues, just weeks after a ransomware attack crippled fuel delivery for several days in the United States. | | | | | | U.S. stocks climbed on Friday as investors brushed off a stronger-than-expected inflation reading, putting both the Dow (.DJI) and S&P (.SPX) indexes on track to post their first weekly gain in the past three weeks. | | | | | | President Joe Biden's proposed budget would give an 11% funding increase to the Federal Trade Commission as well as a hefty boost to the Justice Department's Antitrust Division, both of which filed major lawsuits against big tech companies last year. | | | | | | Global equity markets rose while the U.S. dollar retreated against major currencies on Friday as new data affirmed concerns of a surging inflation and further strengthening of economic activity from pent-up demand. | | | | | |
