 | | | | Digital payments processor Stripe Inc, the most valuable U.S. technology startup, has taken its first major step toward a stock market debut by hiring a law firm to help with preparations, according to people familiar with the matter. | | | | | | Wall Street lost ground on Thursday, with the S&P 500 and the Nasdaq pulling back from record closing highs in a broad sell-off driven by uncertainties surrounding the pace of the U.S. economic recovery. | | | | | | Levi Strauss & Co (LEVI.N) forecast fiscal 2021 profit above market estimates on Thursday as the apparel maker benefits from higher demand for its jeans, tops, and jackets from customers returning to their normal routines following COVID-19 vaccinations. | | | | | | Wall Street closed lower on Thursday, retreating from record closing highs in a broad sell-off driven by uncertainties surrounding the pace of the U.S. economic recovery. | | | | | | A U.S. federal regulator has dropped a case against two former top London currency traders that alleged exchange-rate rigging, their lawyers said on Thursday, drawing a line under an eight-year pursuit by U.S. authorities. | | | | | | Facebook "misplaced" guidance on an important exemption to its rules on dangerous individuals and organizations for three years, the company's independent oversight board said on Thursday. | | | | | | The dollar fell on Thursday from a three-month high against a basket of peers, with the euro getting a boost as investors unwound bets on risky currencies and as concerns over the spread of COVID variants increased the demand for safe havens. | | | | | | It is an article of faith among central bankers that the decisions they make about how much money to create and what interest rate to charge for it will determine the rate of inflation - at least over moderate lengths of time. | | | | | | Diverse reasons are driving the rotation in stocks and a slide in bond yields, but weakness in travel, leisure and other COVID-19-sensitive stocks suggest that fears of the Delta variant are doing their part. | | | | | | Top global banks consolidated their stranglehold on the $6.6 trillion a day global foreign exchange market last year, with new entrants ceding ground, a widely watched industry survey showed. | | | | | |
