Yahoo Finance's Tom Belger has the latest from London.
Yahoo Finance's Tom Belger has the latest from London.
(Bloomberg) -- U.S. stocks fell after President Joe Biden was said to propose doubling the capital gains tax to near 40% for the wealthy.The S&P 500 turned lower after Bloomberg News reported the likely proposed plan on how investment income is taxed. Speculation arose that some investors may sell shares before any change is made to capture the lower rate. Stocks had been mixed throughout the session amid mixed economic data and renewed concern the pandemic was worsening in some major economies.Most major groups in the S&P 500 fell, led by commodity, consumer and technology shares. AT&T Inc. rallied after beating profit estimates amid gains in wireless customers and growth in subscribers to its streaming service. Data Thursday showed sales of previously owned U.S. homes slid in March to a seven-month low, while jobless claims posted an unexpected decline last week.A gauge of market breadth suggests investor concerns remain. The percentage of Russell 2000 members trading above their 50-day moving average fell below 40%, compared to about 80% for the large-cap S&P 500, a smidgen off a record gap, according to data compiled by Bloomberg going back to 1995. It’s too early to tell whether this can morph into something larger, but previous instances have led to subsequent pressure on U.S. stocks, wrote Sundial Capital Research founder Jason Goepfert in a note to clients.Elsewhere, the euro fell after European Central Bank President Christine Lagarde said the institution isn’t discussing the phasing out of its emergency bond buying even as it sees signs that the economy is starting to shake off the coronavirus pandemic.Here are some key events to watch this week:U.S. releases new home sales data Friday.These are some of the main moves in markets:StocksThe S&P 500 fell 0.4% at 1:33 p.m. New York time.The Stoxx Europe 600 Index climbed 0.7%.The MSCI All-Country World Index gained 0.1%.CurrenciesThe Bloomberg Dollar Spot Index increased 0.2%.The euro declined 0.2% to $1.2005.The Japanese yen weakened 0.1% to 108.15 per dollar.BondsThe yield on 10-year Treasuries was little changed at 1.56%.Germany’s 10-year yield climbed one basis point to -0.25%.Britain’s 10-year yield was unchanged at 0.74%.CommoditiesWest Texas Intermediate crude was little changed at $61.33 a barrel.Gold fell 0.6% to $1,782.80 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
The Moinian Group announced today that it has reached an agreement to reacquire the final 20-percent ownership in Sky, Manhattan’s largest residential tower. Upon completion of the transaction, set to close in the second quarter of this year, The Moinian Group will become 100-percent owner of the property it developed at 605 West 42nd Street. The Moinian Group previously sold a minority interest in the project to SL Green, and will now reacquire the remaining ownership interest from the REIT.
Rita Moreno's colorful life is explored in a new documentary that delves into the harassment, sexism and racism she faced as one of the few Latin actors in early Hollywood
Gateway is proud to announce more than 100 of its team members have been named Top Originators by Scotsman Guide.
The Clean Hydrogen Future Coalition (CHFC) welcomes the bipartisan cooperation demonstrated by Senators Young (R-IN) and Whitehouse (D-RI) on the introduction of the Hydrogen Utilization and Sustainability Act (Hy USA). Hy USA marks the growing recognition of the role that clean hydrogen must play in the energy transition. "The CHFC is encouraged by the leadership of Senators Young and Whitehouse on Hy USA", says Erik Mason, Global Head of Energy Trading for Nikola and CHFC Chair, "and we look forward to working with them to expand opportunities for the use of clean hydrogen throughout all sectors of our economy." The CHFC is pleased that Hy USA acknowledges an all of the above approach to decarbonizing and improving the reliability of the electric grid and will work to expand this approach throughout the economy.
Australian judge and barrister involved in same case fail to declare relationshipLawyers for a Perth man say the contact between John Walters and Gillian Anderson strikes at the foundation of the justice system The high court is hearing an appeal by a Perth real estate agent after details about the relationship between the judge and a barrister in his family court case were discovered. Photograph: Lukas Coch/AAP
My advice to the advice industry? Let me make my own mistakesIn the space of 24 hours, people I had never met told me how to sleep, how to sit, how to walk, what to eat and how to breathe ‘I am going to let my deeply human (and imperfect) self move more freely through the world without entertaining the feedback loop in my brain of things I could be improving or acting upon.’ Photograph: baona/Getty Images/iStockphoto
More than 5,500 people get NSW police record after strip searches which found nothing illegalExclusive: watchdog warns recording details in central intelligence database could lead to further targeting with no cause Data shows thousands of people in NSW have been left with a police record despite a strip search finding nothing illegal. Photograph: Carly Earl/The Guardian
China threatens to retaliate after Australia cancels two Belt and Road agreementsChinese state media says the Australian government has fired a ‘major shot’ in what could be another trade war Marise Payne says she will use Australia’s foreign veto laws for the first time to tear up Victoria’s Belt and Road agreements with China. Photograph: Hagen Hopkins/Getty Images
Indian Australians say new Covid travel restrictions a heavy blowIndia is experiencing record number of coronavirus cases but Coalition’s measures seen as ‘very tough’ for local community A reduction in air travel between India and Australia will cause further distress for Indian Australians who have not been able to unite with their families due to limited flights, Council of Indian Australians says. Photograph: Divyakant Solanki/EPA
Urgent need to find safe ways for patients to withdraw from antidepressants, survey findsMore than 4 million Australians received mental health-related prescriptions in 2018-19 some 70% of which were for antidepressants ‘We want to raise awareness that withdrawal symptoms from antidepressants are common and can be mistaken for relapse of the underlying condition,’ Prof Mieke van Driel says. Photograph: Yulia Reznikov/Getty Images
‘Lives being wasted’: how Australia’s mental health system lets young people downA piecemeal care approach lacking in clarity is exacerbating burgeoning youth mental health issues. An inadequate system can’t keep up‘High levels of distress’: Australia’s regional mental health plightLike hunting for unicorns’: the search for affordable, adequate mental health care‘The worst it’s ever been’: Guardian readers tell us about Australia’s mental health system About one in five people aged 15-19 meet the criteria for serious mental illness, according to Mission Australia’s Youth Survey. Photograph: Greedy Hen
With me today are Joe Gorder, our chairman and CEO; Lane Riggs, our president and COO; Jason Fraser, our executive vice president and CFO; Gary Simmons, our executive vice president and chief commercial officer; and several other members of Valero's senior management team. If you have not received the earnings release and would like a copy, you can find one on our website at investorvalero.com.
Australia has been talking up its climate credentials – but do the claims stack up?The government is under pressure to do more to tackle global heating but critics say the PM has instead employed ‘Trumpian misrepresentation’Morrison refuses to budge on target as Biden pledges to halve US emissionsUS vows to cut its emissions by at least 50% by 2030 The Santos liquefied natural gas plant in Darwin. The Morrison government has tried to exclude Australia’s large LNG export industry from its domestic emissions. Photograph: AAP
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It is now my pleasure to introduce your host, Ms. Renee Campbell, Vice President of Investor Relations and Corporate Communications. With me on today's call are Steve Kaniewski, President and Chief Executive Officer; Avner Applbaum, Executive Vice President and Chief Financial Officer, and Tim Francis, Senior Vice President and Corporate Controller.
Image source: The Motley Fool. Stewart Information Services Corp. (NYSE: STC)Q1 2021 Earnings CallApr 22, 2021, 8:30 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorHello and thank you for joining the Stewart Information Services First Quarter 2021 Earnings Call.
CS earnings call for the period ending March 31, 2021.
Shares of credit rater Equifax (NYSE: EFX) jumped on the day after reporting earnings last night, and were up 16.8% at 12:20 p.m. EDT today. Heading into earnings, analysts had forecast Equifax would earn $1.53 per share, pro forma, for its fiscal first quarter 2021, on sales of $1.1 billion. In fact, Equifax reported pro forma profits of $1.97 per share, on sales of $1.2 billion.
The Reddit co-founder shared another title that he's proud to be known as: Olympia's dad.