Wall Street rallies on higher close boosted by banks and big tech

NEW YORK, May 23 (Reuters) – U.S. stocks ended higher on Monday as bank gains and a rebound by megacap market leaders supported a broad-based rally after Wall Street’s longest streak of weekly declines since the dotcom collapse more than 20 years ago. All three major U.S. equity indices posted solid gains, with the biggest … Read more

Oil gains on tight bid as US driving season nears

A maze of crude oil pipes and valves are pictured during a Department of Energy visit to the Strategic Petroleum Reserve in Freeport, Texas, U.S., June 9, 2016. REUTERS/Richard Carson/File Photo Join now for FREE unlimited access to Reuters.com Register LONDON, May 23 (Reuters) – Oil prices rose slightly on Monday, buoyed by U.S. fuel … Read more

Exclusive: General Atlantic plans $2 billion investment in India and Southeast Asia

The logo of the upcoming 2022 World Economic Forum (WEF) is pictured on a window of the congress center in the alpine resort of Davos, Switzerland May 21, 2022. REUTERS/Arnd Wiegmann/File Photo Join now for FREE unlimited access to Reuters.com Register DAVOS, Switzerland, May 22 (Reuters) – Global private equity firm General Atlantic plans to … Read more

Broadcom in talks to buy VMware

May 22 (Reuters) – Chipmaker Broadcom Inc (AVGO.O) is in talks to acquire cloud services provider VMware Inc (VMW.N), people familiar with the matter have told Reuters. Negotiations between Broadcom and VMware are ongoing and a deal is not imminent, the sources said. The terms of the deal being discussed could not be learned. The … Read more

Hyundai Motor Group to invest over $10 billion in US through 2025

SEOUL, May 22 (Reuters) – Hyundai Motor Group said on Sunday it will invest an additional $5 billion in the United States by 2025 to boost collaboration with U.S. companies in cutting-edge technologies. The investments, announced during a visit to Seoul by President Joe Biden, relate to robotics, urban air mobility, autonomous driving and artificial … Read more

Wall Street Week Ahead

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 21, 2022. REUTERS/Brendan McDermid Join now for FREE unlimited access to Reuters.com Register NEW YORK, May 20 (Reuters) – The Federal Reserve’s determination to raise interest rates to crush the highest inflation in decades is clouding the outlook … Read more