News

September 28, 2021 (Reuters) – Aurora Cannabis Inc’s top boss Miguel Martin expects the company to be profitable on a core basis in the first half of 2023, helped by C$60 million to C$80 million in cost savings. More than three years into Canada’s legalization of recreational cannabis, most large producers continue to post losses […]

September 28, 2021 (Reuters) – U.S. Open champion Emma Raducanu has received a wildcard for next month’s WTA 1000 tournament at Indian Wells, organisers said on Tuesday. Britain’s Raducanu, 18, shocked the tennis world when she became the first qualifier to win a Grand Slam earlier this month at Flushing Meadows. “2021 U.S. Open Champion […]

September 28, 2021 (Reuters) – The S&P 500 and the Nasdaq were on track for their worst day in four months on Tuesday, hit by weak consumer confidence data and surging Treasury yields. Below are investor comments about the selloff, which saw the Nasdaq down 2.5% in early afternoon trading as the 10-year Treasury yield […]

September 28, 2021 By Jonnelle Marte (Reuters) – U.S. Federal Reserve Chair Jerome Powell faced heated questions on Tuesday from senators criticizing the central bank’s trading guidelines, financial regulation and diversity efforts. Speaking to members of the U.S. Senate Banking Committee a day after two regional Fed presidents being scrutinized for their investment trades announced […]

September 28, 2021 By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer confidence fell to a seven-month low in September as a relentless rise in COVID-19 cases deepened concerns about the economy’s near-term prospects, fitting in with expectations for a slowdown in growth in the third quarter. The survey from the Conference Board on Tuesday showed […]

September 28, 2021 By Jamie McGeever ORLANDO, Fla. (Reuters) – A look under the hood into what is driving the U.S. bond market sell-off since the Fed’s hawkish tilt last week suggests investors are pricing in higher interest rates more than higher inflation. There’s been plenty of reason to worry about accelerating inflation and input […]

September 28, 2021 By David Lawder and Susan Heavey WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen told lawmakers on Tuesday the government could run out of cash by Oct. 18 unless Congress acts to lift the federal debt limit in advance of the Treasury Department exhausting efforts to preserve resources. “At that point, we expect […]

September 28, 2021 By Jessica DiNapoli NEW YORK (Reuters) – Investors with assets worth over $1.6 trillion urged Congress on Tuesday to pass a federal paid family and medical leave policy as part of President Joe Biden’s $3.5 trillion spending plan, according to a letter viewed by Reuters. The more than 100 investors, which include […]

September 28, 2021 By Pete Schroeder WASHINGTON (Reuters) – JPMorgan Chase & Co has begun preparing for the possibility of the United States hitting its debt limit, Chief Executive Jamie Dimon told Reuters on Tuesday, adding he nevertheless expected policymakers to find a solution to avoid that “potentially catastrophic” event. The country’s largest lender has […]

September 28, 2021 WASHINGTON (Reuters) – U.S. Commerce Secretary Gina Raimondo said Tuesday the Chinese government is blocking its domestic airlines from buying “tens of billions of dollars” in airplanes. Raimondo said in remarks after a speech in Washington that China is not abiding by commitments to buy U.S. goods it made in 2020 as […]

September 28, 2021 COPENHAGEN (Reuters) – A cassette tape recording of an interview with John Lennon and Yoko Ono, including a never-released song, made while they visited Denmark in 1970 sold for 370,000 Danish crowns ($58,300) at an auction in Copenhagen on Tuesday. The tape, featuring the song “Radio Peace”, was recorded on Jan. 5, […]

September 28, 2021 OTTAWA (Reuters) – Canadian Prime Minister Justin Trudeau said on Tuesday that he will swear in his new Cabinet next month, with Chrystia Freeland returning as his finance minister and deputy, after his Liberals were re-elected to their second minority mandate last week. Trudeau, speaking to reporters in Ottawa, also said the […]

September 28, 2021 WASHINGTON (Reuters) – The Federal Aviation Administration (FAA) said Tuesday it plans to deploy a new software capability to reduce taxi times and ramp congestion for flights at 27 airports. The FAA and NASA said the new software was tested for four years that calculates gate pushbacks at busy hub airports “so […]

September 28, 2021 MADRID (Reuters) – British mobile and broadband operator Vodafone will shut all 34 of its proprietary stores in Spain by March 2022, a labour union source said on Tuesday, as part of a wider plan to lay off over 500 workers in a hyper-competitive telecommunications sector. Arguing that customers have become more […]

September 28, 2021 By Jesús Aguado MADRID (Reuters) – Spain’s Santander said on Tuesday its board had decided to make an interim distribution from 2021 earnings through a cash dividend and share buyback worth 1.7 billion euros ($2 billion, equivalent to 40% of its first-half underlying profit. The announcement comes after the ECB said in […]

Amazon held an event this morning, and wow-oh-wow did they announce a lot. Smart thermostats! Flying security cameras! Robot companions! Didn’t tune in or have time to catch it all? Here’s a recap of the biggest news: Smart Thermostat Image Credits: Amazon Amazon is building a thermostat, partnering with Honeywell to get it done. It’ll […]

September 28, 2021 By Josh Horwitz and Brenda Goh SHANGHAI (Reuters) – A new venture from the founder of Chinese automaker Zhejiang Geely Holding will aim to release its first smartphone by 2023 and sell 3 million units in its first year, according to a memo seen by Reuters. Geely, which owns Volvo, announced on […]

September 28, 2021 (Reuters) – Connecticut Sun forward Jonquel Jones has been named the winner of the WNBA’s Most Valuable Player award, the league said on Tuesday. Jones won the award in her fifth WNBA season after she received 48 of 49 first-place votes and 487 total points from a national panel of sportswriters and […]

September 28, 2021 (Reuters) – Shares of Amplitude Inc opened nearly 43% above their reference price in Nasdaq debut on Tuesday, notching up a valuation of about $5 billion for the Benchmark Capital-backed analytics company. San Francisco-based Amplitude, which confidentially filed for a direct listing in July, was valued at $4 billion after a funding […]

September 28, 2021 By David Kirton GUANGZHOU, China (Reuters) – Guo Hui, whose cleaning business is owed 20 million yuan ($3.1 million) by embattled real estate giant China Evergrande, is counting on the government to fix a crisis that has left his own company on the brink of bankruptcy. In the meantime, the 50-year-old known […]