Business

Industrials and energy boost Dow, S&P but Nasdaq skids

NEW YORK (Reuters) – The Dow and S&P 500 advanced on Thursday to halt a two-session losing skid, buoyed by gains in industrial and energy shares as U.S. Treasury yields eased, while the Nasdaq lost ground for a third straight session. The Dow Jones Industrial Average .DJI rose 164.7 points, or 0.66 percent, to 24,962.48, the S&P 500 .SPX gained ...

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BlackRock says will seek ‘response’ from gunmakers to Florida school shooting

BOSTON (Reuters) – BlackRock Inc said on Thursday it plans to speak with weapons manufacturers and distributors ‘to understand their response’ to last week’s mass school shooting in Florida. Ed Sweeney, a spokesman for the New York-based asset manager that is the largest owner of many U.S. companies, said via e-mail that it cannot sell shares of a company in ...

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Wall Street climbs as interest rate concerns ease

NEW YORK (Reuters) – U.S. stocks advanced on Thursday, putting major indexes on track to snap a recent spate of declines, buoyed by gains in industrial and energy shares as U.S. Treasury yields eased. The Dow and S&P dropped for a second consecutive session and the Nasdaq fell for a third straight on Wednesday after minutes from the U.S. Federal ...

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President of Tezos Swiss foundation steps down

(Reuters) – The president of a Swiss foundation that conducted a $232 million online fundraiser for the embattled Tezos cryptocurrency project has stepped down, the foundation said in a statement on Thursday. Johann Gevers, who helped set up the foundation in July, has been replaced by Ryan Jesperson, one of the project’s contributors, the foundation said. Another board member, Diego ...

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Takata agrees to settle U.S. probe by 44 state AGs over deadly air bags

WASHINGTON (Reuters) – Takata Corp’s U.S. unit agreed Thursday to settle a probe by 44 state attorneys general into claims it concealed a deadly safety defect with air bag inflators. TK Holdings Inc, which is in bankruptcy reorganization proceedings, agreed in the settlement to a $650 million civil penalty over the defect linked to at least 22 deaths. South Carolina ...

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Industrial, tech shares drive gains on Wall Street

(Reuters) – Gains in industrial and technology shares helped U.S. stocks rebound from a two-day fall on Thursday as investors shrugged off the prospects of more interest rate hikes this year. Minutes of the Federal Reserve’s latest meeting showed on Wednesday that the policymakers were more confident in the need to keep raising rates, with most believing inflation would perk ...

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Chevrolet Bolt wins top ‘green car’ from Consumer Reports

WASHINGTON (Reuters) – Hyundai Motor Co’s (005380.KS) Genesis brand topped the annual ranking of new vehicles by influential U.S. magazine Consumer Reports, while General Motors Co’s (GM.N) electric Chevrolet Bolt was named top pick for compact green car. Millions of prospective auto buyers consult the magazine’s rankings, which are based on road testing, reliability, safety and owner satisfaction scores. Hyundai ...

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Stymied by regulators, Airbnb looks to luxury vacations, hotels for growth

SAN FRANCISCO (Reuters) – Airbnb is rolling out new services aimed at attracting travelers looking for luxury accommodations and traditional hotels, the latest move to contend with sputtering growth in its original home-renting business. The company on Thursday will unveil a new product that bundles Airbnb’s poshest properties with high-end travel services, as well as a separate category of homes ...

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