Markets

WASHINGTON :The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, though the labor market recovery is gaining traction as economic activity picks up, driven by increased vaccinations and massive fiscal stimulus.

The US Supreme Court on Thursday barred a proposed class action lawsuit accusing Facebook Inc of violating a federal anti-robocall law, sparing the social media company from a potentially costly fight over unwanted text messages.

General Motors Co on Thursday reported an about 4per cent rise in first-quarter U.S. sales, as the auto industry recovers from a coronavirus-induced slump last year.

:Major U.S. stock indexes were set to open higher on Thursday, as technology shares, led by chipmakers, gained following an upbeat earnings outlook by Micron, while optimism about the U.S. economic growth lifted sentiment.

Deliveroo's share price plunge on its London stock market debut has put a question mark over Britain's ambitions to become a home for fast-growing tech companies following its departure from the European Union, investors and analysts say.

SINGAPORE: For Fariheen Faroukh, his love affair with trading cards began when he was a teenager.    “My school was pretty near Serene Centre, where there used to be comics shops and card shops,” recalled the 38-year-old.  “So one of my favourite things to do after school was to...

A Volkswagen joint venture in China has agreed to buy green car credits from Tesla to help meet local environmental rules, three people briefed on the matter told Reuters.

CHICAGO: U.S. budget carrier Frontier Airlines is already making money and flying more than in 2019 before the coronavirus pandemic upended air travel last year, Chief Executive Barry Biffle told Reuters ahead of the company's Nasdaq debut on Thursday. The airline started generating positive ...

:Major U.S. stock indexes were set to open higher on Thursday, as technology shares, led by chipmakers, gained following an upbeat earnings outlook by Micron, while optimism about the U.S. economic growth lifted sentiment.

If Elon Musk's Tesla wanted to insure all of its recent US$1.5 billion bitcoin investment against the myriad of pitfalls it could encounter, like hacks, theft and fraud, it would be out of luck.