Thursday, 6 January 2022

Reuters Business: S&P 500 ends choppy session nearly flat, a day after sell-off

S&P 500 ends choppy session nearly flat, a day after sell-off

The S&P 500 ended a volatile session close to unchanged on Thursday, as technology shares fell but financials lent support a day after the market sold off on a hawkish slant in Federal Reserve minutes.

GameStop to enter NFT, cryptocurrency markets as part of turnaround plan- WSJ

GameStop Corp is launching a division to develop a marketplace for nonfungible tokens (NFT) and establish cryptocurrency partnerships, the Wall Street Journal reported on Thursday, sending its shares up 16% in extended trade.

U.S. hybrid electric car sales hit record highs

Pure electric cars are making all the headlines, but their gasoline-electric hybrid rivals quietly achieved record sales in the United States last year, industry data showed.

New York Times to acquire sports site the Athletic for $550 mln

The New York Times Co said on Thursday it has agreed to buy subscription-based sports site the Athletic for $550 million in cash, as the 170-year-old newspaper looks to bolster its digital offerings.

Wall St focused on payrolls with Fed's 'full employment' brass ring within reach

Twenty months after a global health crisis hobbled the U.S. economy, recent data - along with a hawkish turn from the Federal Reserve - is implying the labor market is approaching a complete recovery from the pandemic.

Alaska Airlines reduces January flight schedule by about 10%

Alaska Airlines, a unit of Alaska Air Group , said on Thursday it will reduce its flight departures by about 10% through the end of January, due to a surge in Omicron infections and a rise in employees calling in sick.

S&P 500 ends jumpy session nearly flat, a day after sell-off

The S&P 500 ended a volatile session close to unchanged on Thursday, with financials among sectors lending support a day after the market sold off on a hawkish slant in Federal Reserve minutes.

U.S. Treasury yields risk breakout on hawkish Fed, corporate issuance deluge

U.S. Treasuries are facing a perfect storm that could send benchmark yields to their highest level in almost two years, as investors fret over a more hawkish Federal Reserve, surging inflation and a deluge of supply.

The Fed is going to tighten, the only question is how fast

Alarmed by the persistence of uncomfortably high inflation, even the most dovish of U.S. central bankers now agree that they will need to tighten policy this year; the debate is no longer about whether, but how quickly.

Royal Caribbean shares down after tweets from short seller

Shares of Royal Caribbean Cruises were down about 3% on Thursday after short seller Hindenburg Research said on Twitter it had bet against the cruise line operator.

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