 | | | | Argentina's central bank directors will meet on Wednesday to discuss a possible interest rate hike, a source with the bank told Reuters on Tuesday, as the South American country battles annual inflation expected to have topped 6% in March. | | | | | | U.S. President Joe Biden will unveil plans on Tuesday to extend the availability of higher biofuel blends of gasoline during the summer to curb soaring fuel costs and to cut reliance on foreign energy sources, the White House said. | | | | | | Alphabet Inc's YouTube said on Tuesday it was aware of users having issues accessing its services and was working on a fix. | | | | | | Banco BPM is to acquire full ownership of itslife insurance partnership with France's Covea, in a move that may lead the Italian bank to strengthen commercial ties with its new top investor Credit Agricole. | | | | | | Walmart Inc has appointed Paypal's John Rainey as chief financial officer effective June 6, the retailer said on Tuesday. | | | | | | Yelp, Inc said on Tuesday it will cover expenses for its employees and their dependents who need to travel to another state for abortion services starting next month, making it the latest U.S. company to offer similar benefits to its workers. | | | | | | U.S. consumer inflation hit another four-decade high in March when it reached 8.5% in large part on gasoline prices surging to a record, but the data sported enough soft spots for some Wall Street pundits to declare "peak inflation" was at hand. | | | | | | Star stock picker Cathie Wood of Ark Invest remained bullish on top holding Tesla Inc on Tuesday despite growing fears of a U.S. recession and shutdowns of the car maker's Shanghai factory due to spiking coronavirus cases. | | | | | | Major U.S. airlines are enjoying the strongest travel demand in three years, yet investors will focus on how they are mitigating mounting inflationary pressures when they report quarterly earnings starting on Wednesday. | | | | | | Private equity firm Oakley is looking to sell its majority stake in German cloud hosting platform Contabo as it seeks to capitalise on demand for cloud computing fuelled by the COVID-19 pandemic, two people familiar with the situation said. | | | | | |
