Business

Global venture capital investments are at record levels this year, boosted by a surge in equities, higher liquidity and an increased interest in sectors that have benefited from the coronavirus pandemic. According to Refinitiv data, global venture capital funds invested $268.7 billion so far in 2021, far outstripping their total investments of $251.2 billion a […]

Investors are looking to a mounting pile of cash at U.S. companies to provide support for the stock market in coming months, as executives announce plans to increase share buybacks, boost dividends or pour money back into their businesses. Cash on the balance sheets of S&P 500 companies has swelled to a record $1.9 trillion, […]

Germany has committed to take steps to curb Russia’s ability to export energy should Moscow pursue aggressive actions against Ukraine or use energy as a weapon, a top U.S. diplomat said on Wednesday, outlining a U.S.-German pact over the controversial Nord Stream 2 pipeline. The agreement, to be unveiled later on Wednesday, aims to resolve […]

Chipotle Mexican Grill Inc (CMG.N) beat estimates for earnings and comparable quarterly sales on Tuesday but warned that higher beef and freight costs will offset the benefit of menu prices hikes in the near term. Restaurants have been plagued by outages of everything from green tea to paper bags, as well as labor shortages, as […]

Shares of Paycor HCM Inc (PYCR.O) jumped 20% in their Nasdaq debut on Wednesday, giving a valuation of $4.8 billion for the human capital management firm that primarily caters to small and medium-sized businesses. The stock opened at $28 per share, above the IPO price of $23. On a fully diluted basis, the company is […]

The dollar took a breather from its grind higher on Wednesday, easing slightly from multi-month peaks as a bout of risk-aversion ebbed, though selling was light as expectations of a cautious European Central Bank had the euro pinned down. The euro touched a fresh three-month trough of $1.1755 overnight and its small rebound had carried […]

General Motors Co (GM.N) said Wednesday it will cut some truck production in North America because of the ongoing global semiconductor shortage. The largest U.S. automaker said its Flint Assembly plant that builds the Chevrolet Silverado HD and GMC Sierra HD trucks will operate on one production shift the week of July 26. GM said […]