Tuesday, 9 November 2021

Reuters Business: American Airlines offers bonuses, higher pay for peak holiday hours

American Airlines offers bonuses, higher pay for peak holiday hours

American Airlines is offering bonuses and higher pay of up to 300% to employees working during the holidays, as the U.S. carrier fortifies staffing ahead of the busiest time of the year.

Wall Street losses end streak of record highs as inflation worry weighs on market

Wall Street closed lower on Tuesday, ending a multi-day rally of consecutive record closing highs as profit-taking and worries over ongoing inflation fueled a broad sell-off.

Coinbase falls short on revenue as trading volumes slump 30%

U.S. cryptocurrency exchange Coinbase Global Inc on Tuesday reported a nearly 30% fall in third-quarter trading volumes on a sequential basis, hit by lower volatility and declining prices for bitcoin and other cryptocurrencies.

Tesla shares skid again as investors brace for possible Musk stock sale

Tesla Inc shares posted their worst daily fall in 14 months on Tuesday as investors dumped the high-flying stock ahead of a possible stake sale by company chief Elon Musk.

Wall Street ends down, snapping run of record highs as inflation worries weigh

Wall Street closed lower on Tuesday, ending a multi-day rally of consecutive record closing highs as profit-taking and worries over ongoing inflation fueled a broad sell-off.

Poshmark forecasts holiday-quarter revenue below estimates, shares plunge

Poshmark Inc forecast a downbeat holiday quarter after it missed revenue estimates on Tuesday, as the company battles increasing competition in the booming secondhand apparel space.

Some of the biggest splits in Corporate America

General Electric Co said on Tuesday it would split into three public companies focusing on energy, healthcare and aviation as the industrial conglomerate seeks to simplify its business, pare debt and enhance its battered share price.

U.S. Treasury's Yellen says investment bills will boost U.S. productivity, labor force

U.S. Treasury Secretary Janet Yellen said on Tuesday that the bipartisan infrastructure package approved by Congress and President Joe Biden's proposed social and climate spending plan would increase U.S. productivity and the size of its labor force.

Biden speaks with Walmart, UPS, other CEOs on supply issues -official

U.S. President Joe Biden on Tuesday spoke with the chief executives at Walmart Inc , United Parcel Service Inc , FedEx Corp and Target Corp to discuss speeding up deliveries and lowering prices for consumers, according to a White House official.

From Edison to Welch to Culp: the rise and fall of GE

General Electric , whose innovations range from X-ray machines and fluorescent lamps to television broadcasting, on Tuesday announced its plans to split into three public companies.

Related Videos

Panera Bread to return to the public market

Explained: How auction houses are chasing crypto millions

Inflation here for a while -portfolio manager