Shares in heavily-shorted mortgage provider Rocket Companies surged on Tuesday and were set for their third straight day of gains as the stock drew interest on Twitter and Reddit’s popular WallStreetBets.
Robinhood, the online brokerage used by many retail traders to pile in to heavily shorted stocks like GameStop Corp, has made an ambitious push into loaning out its clients' shares to short sellers as it expands its business.
Six major utilities unveiled a plan on Tuesday to add electric vehicle fast chargers to connect major highway systems across United States, as they look to cater to the burgeoning electric vehicle market.
Venezuelan intelligence services monitored six US-based executives of state-owned refiner Citgo Petroleum for a year on US soil to determine their involvement in a deal the government deemed fraudulent, leading to their 2017 arrest in Caracas on corruption charges, according to court testimony.
U.S. President Joe Biden's nominee to head a key market regulator promised on Tuesday a thorough review of issues raised by the GameStop Corp stock frenzy, including whether customers were best served by some retail trading practices.
Private equity firms are proving there’s still plenty of profit in the U.S. coal industry despite a decade of falling demand for the fossil fuel. They are spending billions of dollars buying coal-fired plants on the cheap - and getting paid even when they are not providing power.
Kohl's Corp posted holiday-quarter profit and sales beyond market expectations on Tuesday, as it reined in costs and Americans loaded their online shopping carts with not just essentials but also leisure goods.
The oil industry is recovering from a collapse in demand triggered by the coronavirus pandemic, but U.S. shale production will not recover to levels seen before the pandemic, Occidental Petroleum Chief Executive Vicki Hollub said on Tuesday.
After a sharp sell-off last week U.S. Treasury debt has stabilized, with bond market indicators and derivatives positioning pointing to near-term calm, but an improving economy could trigger another sell-off in Treasuries prices.
Global manufacturing activity is surging as government support programmes and low interest rates protect consumers' incomes while restrictions on leisure travel and other services divert spending into merchandise.
