David Barret

September 22, 2021 By Lewis Krauskopf and Tom Wilson NEW YORK/LONDON (Reuters) – A gauge of global stock markets trimmed gains in choppy trading on Wednesday and the U.S. dollar strengthened after the Federal Reserve cleared the way for the central bank to reduce its monthly bond purchases soon. Asset price moves were volatile following […]

September 22, 2021 By Krystal Hu, Echo Wang and Niket Nishant -Enterprise software maker Freshworks Inc was valued at $12.2 billion in its Nasdaq debut on Wednesday after shares opened 21% above the initial offering price, indicating strong demand for firms that have thrived during the pandemic. Shares of the Salesforce.com rival opened at $43.50 […]

September 22, 2021 By Laura Sanicola NEW YORK (Reuters) -Oil prices settled higher on Wednesday after U.S. crude stocks fell to their lowest levels in three years as refining activity recovered from recent storms. Despite recent wobbles from U.S. economic figures, overall demand for fuel has rebounded to pre-pandemic levels. Product supplied over the last […]

September 22, 2021 (Reuters) -U.S. Federal Reserve Chair Jerome Powell said on Wednesday he was displeased with the active investing carried out by two Federal Reserve regional bank presidents and pledged the central bank’s ethics rules will be tightened. Asked if he still trusted Dallas Fed President Robert Kaplan and Boston Fed President Eric Rosengren […]

David Moeller wasn’t looking to start another company. He had already earned the serial entrepreneur badge with CodeGuard, a website backup startup, and his hardware company Claw Hanging Systems. But a series of car break-ins prompted Moeller to search for a product that would keep his vehicle safe. What he found was a gap in […]

Dan Cohen was on the hunt for a coating that could keep ice, snow and frost off of solar panels when he discovered a technology that could cut costs and reduce the environmental footprint of a broad section of products from aircrafts and drones to medical devices, pipelines and even sailboats. And it would prompt […]

When you or your kid have any sort of respiratory issue, figuring out what’s happening minute-by-minute — and how well treatment is working — is a stressful, frustrating, and anxiety-filled process. I imagine it’s all of the above and more in the middle of a friggin’ RESPIRATORY DISEASE pandemic. StethoMe, a team competing in this […]

September 22, 2021 (Reuters) – Former West Indies all-rounder Marlon Samuels has been charged with breaching four counts of the International Cricket Council’s (ICC) anti-corruption code, world cricket’s governing body said on Wednesday. The charges relate to the T10 tournament conducted by the England & Wales Cricket Board (ECB) in the United Arab Emirates (UAE), […]

September 22, 2021 Ten first-year candidates are among the list of 122 modern-era nominees for the Pro Football Hall of Fame’s Class of 2022, announced Wednesday. The first-year player list is made up of wide receivers Anquan Boldin, Andre Johnson and Steve Smith, as well as Devin Hester, who was best known as a kick […]

September 22, 2021 By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks added to gains on Wednesday after the Federal Reserve cleared the way to ease monthly bond purchases “soon” and signaled interest rate increases may follow more quickly than expected. Overall indicators in the economy “have continued to strengthen,” the Fed said in its […]

September 22, 2021 (Reuters) – The Federal Reserve could wrap up the tapering of its bond purchases by the middle of next year, Federal Reserve Chair Jerome Powell said on Wednesday. Powell’s remark came at the beginning of his press conference following the release of the Fed’s latest policy statement in which it said “a […]

September 22, 2021 By Lucia Mutikani WASHINGTON (Reuters) – U.S. home sales fell in August as supply remained tight, but there are signs the surge in house prices and the COVID-19 pandemic-fueled demand have probably run their course. Still, prices remain high enough to keep some potential buyers from a hot housing market. The report […]

September 22, 2021 By Anshuman Daga and Andrew Galbraith SINGAPORE/SHANGHAI (Reuters) -China Evergrande agreed to settle interest payments on a domestic bond on Wednesday, while the Chinese central bank injected cash into the banking system, temporarily soothing fears of imminent contagion from the debt-laden property developer. Evergrande, Asia’s biggest junk-bond issuer, is so entangled with […]

September 22, 2021 (Reuters) – Half of Federal Reserve policymakers now expect to start raising interest rates next year and think rates should rise to at least 1% by the end of 2023, reflecting a growing consensus that gradually tighter policy will be needed to keep inflation in check. The swifter pace of interest rate […]

September 22, 2021 WASHINGTON (Reuters) – U.S. Republicans in Congress are refusing to back police reform measures that former President Donald Trump supported, White House press secretary Jen Psaki said. Bipartisan talks over police reform legislation have fallen apart, Senator Cory Booker, a New Jersey Democrat, said earlier on Wednesday. “Unfortunately Republicans rejected reforms that […]

September 22, 2021 WASHINGTON (Reuters) – U.S. Secretary of State Antony Blinken said on Wednesday he would personally convene world foreign ministers before the end of the year to follow up on commitments made toward fighting the coronavirus pandemic. At a virtual COVID-19 summit on the sidelines of the UN General Assembly, President Joe Biden […]

September 22, 2021 By Howard Schneider WASHINGTON (Reuters) -The Federal Reserve on Wednesday cleared the way to reduce its monthly bond purchases “soon” and signaled interest rate increases may follow more quickly than expected, with nine of 18 U.S. central bank policymakers projecting borrowing costs will need to rise in 2022. The actions, which were […]

September 22, 2021 By Caroline Valetkevitch NEW YORK (Reuters) – U.S. companies have retained strong profit margins through the pandemic because they have cut costs and passed along high prices to customers. The question is: How long can this go on? With inflation still strong, the ability for companies to keep margins at record levels […]

September 22, 2021 WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen spoke with British finance minister Rishi Sunak on Wednesday about ongoing global tax reform efforts, and underscored the need for a compromise on withdrawal of digital services taxes, the Treasury said. Yellen also thanked Sunak for his leadership of the G7 and in talks […]

September 22, 2021 By Sohini Podder, Echo Wang and Krystal Hu (Reuters) -Toast Inc fetched a valuation of nearly $33 billion in its New York Stock Exchange debut on Wednesday, as shares of the restaurant software provider jumped 63%, underscoring a deep investor appetite for fast-growing software firms. The stock opened at $65.26, compared with […]