S&P 500, Nasdaq lose ground as rising bond yields hit growth stocks

The S&P and the Nasdaq closed lower on Thursday at the end of a holiday-shortened week as bond yields resumed their uphill climb and investors contended with mixed earnings and economic data.

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14-04-2022

Musk says U.S. SEC 'bastards' forced settlement over Tesla tweets

Tesla Inc CEO Elon Musk on Thursday stepped up criticism of the U.S. securities regulator, calling Securities and Exchange Commission officials "bastards" for bringing fraud charges against him over his 2018 tweets regarding taking the company private.

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14-04-2022

S&P 500, Nasdaq dip as rising bond yields pressure growth stocks

Wall Street was mixed on Thursday at the end of a holiday-shortened week as benchmark bond yields resumed their uphill climb and investors juggled earnings and economic data.

newspaper

14-04-2022

Russian rouble weakens past 80 vs dollar, stocks fall sharply

(Reuters) -The Russian rouble weakened on Thursday, driven by expectations that Russia may relax its temporary capital control measures further, while stocks fell sharply as the country continued what it calls "a special military operation" in Ukraine.

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14-04-2022

Wells Fargo profit beats estimates on reserve release; revenue misses

(Reuters) -Wells Fargo & Co posted a 21% drop in first-quarter profit but beat Wall Street expectations on Thursday, as the release of funds set aside to cover potential pandemic-related loan losses cushioned a decline in mortgage lending.

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14-04-2022

Goldman Sachs, Morgan Stanley to lead Intel's Mobileye IPO -sources

Intel Corp's Mobileye has tapped investment banks Goldman Sachs Group Inc and Morgan Stanley to lead preparations for the initial public offering of the self-driving car unit, according to three people familiar with the matter.

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14-04-2022

BMW CEO warns against electric-only strategy

NEW YORK (Reuters) -BMW Chief Executive Officer Oliver Zipse said companies must be careful not to become too dependent on a select few countries by focusing only on electric vehicles, adding that there was still a market for combustion engine cars.

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14-04-2022

European shares firm after ECB stands pat on policy

(Reuters) -European shares rose on Thursday as the ECB kept its policy stance largely unchanged and signalled a steady reduction of stimulus over the coming months, spurring money markets to trim rate hike bets for the year.

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14-04-2022

ECB on track to unwind stimulus after inflation warning

FRANKFURT (Reuters) -The European Central Bank confirmed plans on Thursday to end its hallmark stimulus scheme in the third quarter, worried that high inflation could become entrenched, even as the war in Ukraine left the outlook exceptionally uncertain.

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14-04-2022