By Ann Saphir (Reuters) – The U.S. economy is going to temporarily see “a little higher” inflation this year as the economy strengthens and supply constraints push up prices in some sectors, but the Federal Reserve is...
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Dollar steadies near seven-week lows as interest rates hold
By David Henry NEW YORK (Reuters) – The dollar steadied on Tuesday amid a mix of gains and losses against major currencies as interest rates in the United States moved in a tight range and the outlook for vaccinations in Europe...
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Boeing, travel stocks pull Wall Street lower as virus cases rise
By Shivani Kumaresan and Medha Singh (Reuters) -Wall Street’s main indexes fell for a second straight day on Tuesday as a spike in coronavirus cases globally hit travel stocks, while Boeing slid on the unexpected departure of its...
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UFC-owner Endeavor aims for over $10 billion valuation in second IPO attempt
(Corrects headline and paragraph 1 to say the valuation is more $10 billion, not $16 billion) (Reuters) – Endeavor Group Holdings Inc, owner of the Ultimate Fighting Championship (UFC), is aiming for a valuation of more than $10...
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Apple podcast service, tags for lost items expected at iPad launch event
By Stephen Nellis (Reuters) -At an event Tuesday, Apple Inc may sharpen its focus on rival Spotify with a new podcast subscription service and finally may show off tiny tags meant to locate lost items. The event, being broadcast from...
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Goldman Sachs says Black employees make up 6.8% of U.S. workforce
(Reuters) – Black employees represent 6.8% of Goldman Sachs Group Inc’s workforce in the United States and make up a little more than 3% of its senior executive team, the bank said in its 2020 sustainability report on Tuesday....
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