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Markets

Crypto market cap surges to record US$2 trillion, bitcoin at US$1.1 trillion

The cryptocurrency market capitalization hit an all-time peak of US$2 trillion on Monday, according to data and market trackers CoinGecko and Blockfolio, as gains over the last several months attracted demand from both institutional and retail investors.

Markets

Southwest recalls 209 pilots from extended leave as demand recovers

Southwest Airlines has recalled 209 pilots from a voluntary extended leave program to support its summer schedule, the company said on Monday (Apr 5), as airlines prepare for a recovery in demand as more Americans receive COVID-19 vaccines.

Markets

Archegos-linked stocks slide as markets eye more unwinding

Archegos Capital Management’s ill-fated bets weighed on ViacomCBS, Discovery Inc and other media stocks on Monday, and at least one analyst said it remained unclear when banks exposed to the troubled family office would be done selling off their positions in the shares.

Markets

Strong economic data lifts Dow, S&P 500 to record closes

NEW YORK :U.S. stocks rallied on Monday with the Dow and S&P 500 closing at record levels, as a round of strong economic data buoyed investor optimism for the economic reopening and a muted climb in the 10-year U.S. Treasury yield kept inflation worries in check.

Markets

ViacomCBS to buy Chilevision from WarnerMedia in Latin America push

ViacomCBS said on Monday (Apr 5) it had agreed to buy broadcaster Chilevision from AT&T Inc-owned WarnerMedia for an undisclosed sum, as the media giant looks to boost its streaming audience in Latin America.

Markets

‘Stay out of politics,’ Republican leader McConnell tells US CEOs, warns of ‘consequences’

U.S. Senate Republican Leader Mitch McConnell lashed out at corporate America on Monday, warning CEOs to stay out of the debate over a new voting law in Georgia that has been criticized as restricting votes among minorities and the poor.

Markets

Transat sinks 22% after Air Canada scraps buyout deal

Transat's shares slumped more than 22 per cent on Monday after Air Canada scrapped its C$188.7 million (US$150.83 million) buyout deal for the tour operator due to antitrust hurdles in Europe.

Markets

Intel CEO to attend Biden meeting on chip supply chain

Intel Corp Chief Executive Officer Pat Gelsinger will virtually attend a meeting being put together by President Joe Biden's administration for April 12 to discuss the semiconductor supply chain issues disrupting U.S. automotive factories, according to a person familiar with the matter.

Markets

Goldman Sachs plans for staff return to London office: The Guardian

Goldman Sachs Group Inc is preparing to have hundreds of staff return to its London office this week as companies eye a return to normal working conditions during the COVID-19 pandemic, according to a report by The Guardian.

Markets

LG’s smartphone exit: who stands to gain?

LG Electronics' move to exit its loss-making mobile business is expected to create more opportunities for Samsung than its other rivals in the lucrative North American smartphone market, analysts said.

Markets

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