U.S.-based stock funds attracted US$7.8 billion in the week to Wednesday, as the S&P 500 traded near a record high, according to Lipper data released on Thursday.
Mexico's government will inject between US$1.3 billion and US$1.6 billion into state oil company Petroleos Mexicanos (Pemex) this year and offer a tax break of 75 billion Mexican pesos (US$3.68 billion), a senior official told Reuters on Thursday.
Shares of GameStop briefly reversed losses to trade as much as 4per cent higher on Thursday after Keith Gill, who helped drive a recent surge in the videogame retailer's stock, gave testimony in a congressional hearing.
The hackers behind the worst intrusion of U.S. government agencies in years won access to Microsoft's secret source code for authenticating customers, one of the biggest vectors used in the attacks.
The U.S. Chamber of Commerce and an industry group backed by Amazon, Facebook Inc and Google have sued Maryland over new its new online advertising tax aimed at funding education, the Washington Post reported on Thursday.
Shares of GameStop briefly reversed losses to trade as much as 4per cent higher on Thursday after Keith Gill, who helped drive a recent surge in the videogame retailer's stock, gave testimony in a congressional hearing.
McDonald's Corp on Thursday said it will tie executive bonuses to new goals for diversifying the company and for the first time publicly release demographic details of its workforce.
U.S. business leaders expect to cut fewer jobs and a growing number plan to sharply raise employees' pay in the months ahead as confidence in the economic outlook surges amid the rollout of COVID-19 vaccines, a survey released on Thursday showed.
Wall Street's main indexes fell on Thursday as investors resumed a shift out of big technology-related firms, while an unexpected rise in weekly jobless claims pointed to a fragile recovery in the labor market.
The recent trading frenzy centered on GameStop Corp and other “meme” stocks is sparking a wave of investor interest in start-ups aiming to mimic the success of Robinhood Markets Inc, whose no-fee brokerage app has helped drive a trading boom.
