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Reuters

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Fed balance sheet tops $8 trillion for first time

The Federal Reserve's balance sheet topped $8 trillion for the first time, weekly data published on Thursday by the U.S. central bank on its holdings showed.

Target forecasts more sales growth after bumper quarter

Target Corp (TGT.N) on Wednesday posted quarterly sales that surged about 23%, raising hopes of booming demand through the year as consumers flock to stores and shop for more than just essentials.

Biden To Propose Raising Taxes On Wealthy And On Capital Gains To Fund Childcare

President Joe Biden will roll out a plan to raise taxes on the wealthiest Americans and their investments to fund about $1 trillion in childcare, universal pre-kindergarten education and paid leave for workers, sources familiar with the proposal said.

Wall Street slips off record highs, Tesla drops after fatal crash

U.S. stocks closed lower on Monday, slipping from last week's record levels, as investors awaited guidance from first-quarter earnings to justify high valuations, while Tesla Inc shares fell after a fatal car crash.

Clubhouse closes new round of funding that would value app at $4 billion: source

Audio-chat app Clubhouse closed a new Series C round of financing, the company said during its weekly town hall on Sunday, without disclosing the amount raised.

Wall St ends week positively; S&P 500, Dow hit record highs

The three main Wall Street indexes ended Friday higher for the day and week, with the S&P 500 (.SPX) and the Dow (.DJI) breaking closing records, as investors took strong economic data and bank earnings as signs of momentum in the U.S. pandemic recovery.

U.S. retail sales post largest gain in 10 months; weekly jobless claims fall

U.S. retail sales rose by the most in 10 months in March as Americans received additional pandemic relief checks from the government and increased COVID-19 vaccinations allowed broader economic re-engagement, cementing expectations for robust growth in the first quarter.

Analysis: Investors Keep Faith In U.S. Value Stocks As Tech Roars Back

A rebound in growth and technology stocks has investors gauging whether a months-long rally in the shares of banks, energy companies and other economically sensitive names is running on empty or simply refueling.

‘Millionaires Tax’ Threat Has Some NY Bankers, Managers Eyeing Exits

For decades New York’s bankers and fund managers have accepted the city’s high tax rates as a part of working in the world’s premier financial capital.

Citi Hires Goldman’s Chief Diversity Officer

Citi Group said on Friday that it hired Erika Irish Brown from rival Goldman Sachs Group Inc to lead its global diversity strategy, according...

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