Tuesday, 14 December 2021

Reuters Business: Dollar climbs again ahead of Fed and ECB meetings

Dollar climbs again ahead of Fed and ECB meetings

The U.S. dollar rose again on Tuesday after rebounding from a dip that nearly wiped out its gains from the day before as markets jostled with the different paths major central banks are choosing between fighting inflation or the economic drag of the pandemic.

Wall Street ends down; investors eye inflation and Omicron

Wall Street ended lower on Tuesday after data showed producer prices increased more than expected in November, solidifying expectations the Federal Reserve this week will announce a faster wind-down of asset purchases.

Stocks fall, dollar rises as Omicron fears, central bank decisions loom

Global shares fell on Tuesday and the U.S. dollar rose to a near one-week high as investors nervously eyed the spread of the Omicron coronavirus variant and awaited numerous central bank decisions due this week.

What is short-selling and why does the DoJ care?

Short-selling, a bearish investing practice, has become a target of an expansive U.S. Department of Justice criminal investigation.

Former Boeing pilot says FAA official called him 'scapegoat'

A former chief technical pilot for Boeing Co charged with fraud for deceiving federal regulators evaluating the company's 737 MAX jet says a Federal Aviation Administration official called him a "scapegoat."

Stocks fall, dollar rises as Omicron fears, central bank decisions loom

Global shares fell on Tuesday and the U.S. dollar rose to a near one-week high as investors nervously eyed the spread of the Omicron coronavirus variant and awaited numerous central bank decisions due this week.

Wall Street drops as investors eye inflation and coronavirus

The S&P 500 and the Nasdaq tumbled on Tuesday after data showed producer prices increased more than expected in November, solidifying expectations the Federal Reserve this week will announce a faster wind-down of asset purchases.

EXCLUSIVE Amazon says India revoking Future deal would boost Reliance, hurt competition

Amazon has warned India's antitrust body that revoking its 2019 deal with Future Group would send a negative signal to foreign investors and allow local retail behemoth Reliance to "further restrict competition", a legal document seen by Reuters showed.

U.S. passenger railroad Amtrak suspends vaccine mandate for employees

U.S. passenger railroad Amtrak said on Tuesday it will temporarily suspend a vaccine mandate for employees and now no longer expects to be forced to cut some service in January.

Analysts say McDonald's, Beyond Meat plan big U.S. 2022 McPlant expansion

McDonald's Corp is planning a major expansion of its plant-based burger with Beyond Meat Inc in the United States in 2022, according to two Wall Street analysts.

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