 | | | | Amazon.com Inc has increased its average starting wage in the United States to more than $18 an hour and plans to hire another 125,000 warehouse and transportation workers, an executive told Reuters. | | | | | | Wall Street lost ground on Tuesday as economic uncertainties and the increasing likelihood of a corporate tax rate hike dampened investor sentiment and offset signs of easing inflation. | | | | | | Apple Inc on Tuesday launched a new series of iPhones and iPads, featuring a faster processor and better cameras. | | | | | | Amazon.com Inc has hired a Twitter Inc executive, Candi Castleberry Singleton, as vice president of global diversity, equity and inclusion (DEI), according to a staff memo on Tuesday that it shared with Reuters. | | | | | | U.S. Senate Majority Leader Chuck Schumer urged the business community on Tuesday to start weighing in with Republicans on the dangers of not raising the debt ceiling to avoid a government default or partial government shutdown. | | | | | | Generali said a majority of its board members was in favour of keeping Chief Executive Philippe Donnet in his job for another mandate, as shareholders in Italy's biggest insurer spar over governance and strategy. | | | | | | Star stock picker Cathie Wood of ARK Invest on Tuesday reiterated her call that slowing economic activity in the United States will bolster growth stocks. | | | | | | Global markets edged lower and the dollar fell on Tuesday after data showed U.S. inflation rose by less than expected, raising renewed questions on when the U.S. central bank will begin tapering its asset purchases. MSCI's world stocks benchmark (.MIWD00000PUS) fell 0.23%, and all of the major U.S. stock indexes were down by mid-afternoon New York time. European shares (.STOXX) closed 0.1% lower, dragged down by mining, banks and luxury stocks, which followed Asian luxury stocks in falling on a new spike in COVID-19 cases in Fujian, China. | | | | | | China Evergrande is teetering between a messy meltdown with far-reaching impacts, a managed collapse or the less likely prospect of a bailout by Beijing for what was once the country's top-selling property developer. | | | | | | Investors are ramping up their focus on Washington, as the twin prospects of a tax hike and a potentially prolonged fight over raising the debt ceiling loom over a rally in U.S. stocks. | | | | | |
