 | | | | Wall Street's main indexes dropped more than 1% on Monday as investors worried about the Omicron COVID-19 variant potentially undercutting the economic rebound and a critical setback to President Joe Biden's social-spending bill. | | | | | | Former U.S. President Donald Trump's new venture inked the second-largest ever private placement with convertible stock for a merger with a blank-check acquisition firm, according to SPAC Research, thanks to its unusually favorable terms and despite not having yet launched its social media app. | | | | | | Nike Inc beat estimates for quarterly revenue on Monday, lifted by strong demand for its sports shoes and apparel in North America even as shipping hurdles and factory closures pinched supplies. | | | | | | U.S. Senators Marco Rubio and Sherrod Brown on Monday asked the Labor Department for a full investigation into Amazon.com Inc's labor practices. | | | | | | Micron Technology Inc on Monday forecast second-quarter sales and profits above Wall Street estimates as demand for its memory chips has surged on the shift to remote working during the pandemic as well as 5G smartphone upgrades and electric vehicles. | | | | | | Wall Street's main indexes fell sharply on Monday as investors worried about the Omicron COVID-19 variant potentially undercutting the economic rebound and a critical setback to President Joe Biden's domestic investment bill. | | | | | | U.S. banks have been more proactive than other industries in encouraging employees back to the office, but those plans have come under renewed scrutiny due to the rapid spread of the Omicron coronavirus variant and many are adjusting their plans. | | | | | | Some economists expect the U.S. economy to grow more slowly next year after a key Democratic lawmaker dealt a seemingly fatal blow to President Joe Biden's $1.75 trillion spending plan, further clouding an outlook that was facing heightened risk from the rapid spread of the Omicron variant of COVID-19. | | | | | | Wall Street's main indexes dropped more than 1% on Monday in a broad selloff as investors worried about a deluge in COVID-19 cases potentially undercutting the economic rebound and a critical blow to President Joe Biden's domestic investment bill. | | | | | | A man convicted in Britain over how oil contracts were secured in post-occupation Iraq lodged an appeal on Monday, in another potential blow to one of the Serious Fraud Office's (SFO) most high-profile bribery cases. | | | | | |
