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STOCK MARKETS

Wall Street totters as tech stocks' retreats offset materials’ gain
03 Mar, 09:00
INSURANCE

New York’s Alphabet-backed insurer Oscar Health eyes $8bn IPO valuation
BUSINESS

Houston’s Baker Hughes CEO says energy industry recovering, balance likely by 2022
CRYPTOCURRENCY

New York City lender Goldman Sachs restarts crypto desk, mulls bitcoin-backed ETF
BUSINESS

Swedish Fintech Klarna funding round makes it Europe’s most valuable startup at $31bn
ECONOMY

Oil drowns more than 1% as China February factory output disappoints
business
Houston’s Baker Hughes CEO says energy industry recovering, balance likely by 2022
Swedish Fintech Klarna funding round makes it Europe’s most valuable startup at $31bn
South Korea’s Coupang files for mega US IPO at over $50bn valuation
economy
Oil drowns more than 1% as China February factory output disappoints
Biden scores first legislative win as US House passes $1.9 trillion stimulus bill
US Consumer Spending picks up in January as recovery underway; inflation benign
investment
European shares break off three-week winning streak amid profit-taking
European shares reap a third straight week of gains on strong earnings, positive data
Gold prices slump as US Treasury yields hit pre-pandemic levels; platinum retreats
cryptocurrency
New York City lender Goldman Sachs restarts crypto desk, mulls bitcoin-backed ETF
Palo Alto’s Tesla’s Musk says Bitcoin overvalued as digital coin drops 25% market cap
Bitcoin hits $1 trillion market cap for first time, surges to fresh all-time peak
insurance
New York’s Alphabet-backed insurer Oscar Health eyes $8bn IPO valuation
Chicago’s Insurance IT firm CCC Information to go public via $7bn SPAC deal
Tewksbury’s AM Best says Texas storm may cost insurers record first-quarter losses
credit cards
US consumers step up savings, pay off more credit card debts in pandemic-times
New York’s AmEx forecasts consumer travel recovery in summer, profit beats estimate
New York’s Mastercard says US holiday retail sales surge 3% amid online shopping boom
loans
US Fed keeps benchmark interest rate unchanged; Powell says economy loses steam
US business borrowing for equipment falls 13% in Sept. as pandemic weigh on spending
American Fed policymakers vow to keep interest rate near-zero, call for federal aid
savings
Gold slips more than 2 per cent as US Treasury yields leapfrog
Gold breaks below $1,800, silver slips 3.2% as US Dollar revives safe-haven bid
Gold, silver slump as US political risk wane, yields gain
currencies
US Dollar jumps to two-month highs as US economic landscape brightens
US Dollar pulls off three-week lows as Bitcoin briefly tops $50,000 for first time
Sterling hits $1.39 handle for first time since 2018; American Dollar weakens
mortage
US new home sales jump 4.3% in January amid severe drought in existing home supplies
US mortgage vendors scale back IPOs as housing market biffs a peak
US existing home sales, prices rise again in Jan.; 30-yr fixed mortgage at 2.81%