Today's Top Story
Wall Street set to open lower; Fed and U.S. tech earnings in focus
LONDON (Reuters) - Europe's share indexes fell on Wednesday and Wall Street futures were in the red as investors turned more cautious about COVID-19 and stretched stock valuations, with the U.S Federal Reserve meeting and tech giants' earnings also in focus. Read More
Business News
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Fed on hold as officials weigh pandemic against vaccines, fiscal support
WASHINGTON (Reuters) - The Federal Reserve is expected to keep U.S. monetary policy locked in crisis-fighting mode at its meeting ending on Wednesday as policymakers assess an economy still struggling through the shock of a pandemic but looking forward to relief from ongoing vaccinations and new government spending plans.
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Wall Street expects near-record iPhone sales despite delay, shut Apple stores
(Reuters) - During the last three months of 2020, Apple Inc delivered its flagship iPhone 12 model weeks later than normal iPhone debuts and shuttered some of its stores due to the pandemic.
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Facebook investors, shrugging off election woes, look for 'social commerce' payday
PALO ALTO (Reuters) - Facebook Inc may face questions about fallout from U.S. election controversies when it posts earnings on Wednesday, but top of mind for investors is a less political matter: the company's heavy bet on e-commerce to drive ad sales.
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Economic News
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Fed on hold as officials weigh pandemic against vaccines, fiscal support
WASHINGTON (Reuters) - The Federal Reserve is expected to keep U.S. monetary policy locked in crisis-fighting mode at its meeting ending on Wednesday as policymakers assess an economy still struggling through the shock of a pandemic but looking forward to relief from ongoing vaccinations and new government spending plans.
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Wall Street set to open lower; Fed and U.S. tech earnings in focus
LONDON (Reuters) - Europe's share indexes fell on Wednesday and Wall Street futures were in the red as investors turned more cautious about COVID-19 and stretched stock valuations, with the U.S Federal Reserve meeting and tech giants' earnings also in focus.
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Junior bankers feel left behind in COVID-era banking boom
(Reuters) - As top investment bankers orchestrated major deals through Zoom during the coronavirus pandemic, junior staffers say they were often sitting home, bored and alone, discouraged by an industry that has struggled to retain fresh talent.
- More Economic News»
Money News
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Apollo Global Management's shares surge on resignation of CEO Black
NEW YORK (Reuters) - Apollo Global Management Inc shares surged more than 7% on Tuesday after the resignation of CEO Leon Black, which investors viewed as bolstering the private equity firm's fundraising efforts.
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Column: Bubble-wary markets eye ETF crush in tech and crypto - Mike Dolan
LONDON (Reuters) - Is the presumed proliferation of market bubbles just speculative froth among amateur traders or is concentrated institutional money blowing big soapy spheres that interconnect and may inevitably burst each other?
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Goldman Sachs CEO Solomon pays price of 1MDB scandal
NEW YORK (Reuters) - Goldman Sachs Chief Executive David Solomon's annual pay fell by $10 million, or 36%, in 2020, according to regulatory disclosures filed Tuesday, reflecting the bank's role in Malaysia's 1MDB scandal.
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