BusinessBloombergStocks Gain Before Earnings; Oil Drops From High: Markets Wrap
(Bloomberg) -- U.S. stocks rose to another record high as traders geared for a string of earnings reports from technology heavyweights including Facebook Inc., while keeping in mind inflation concerns and rising Covid-19 risks.Most Read from BloombergCities' Answer to Sprawl? Go Wild.Hamburg Is at the Heart of Germany’s Growing Dilemma Over ChinaWhy Americans and Britons Are Rushing to Buy Idyllic Homes in ItalyOne of California’s Wealthiest Counties Could Run Out of Water Next SummerThe Top Mon
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UPDATE 1-Biden to be first U.S. president to join ASEAN summit in four years
U.S. President Joe Biden will take part in a virtual summit with the Association of Southeast Asian Nations (ASEAN) on Tuesday, the first time in four years Washington will engage at the top level with a bloc it sees as key to its strategy of pushing back against China. The U.S. embassy in Brunei told Reuters that Biden will lead the U.S. delegation for the ASEAN-United States summit, part of a series of ASEAN leaders' meetings this week.
BusinessBloombergFacebook, Alarmed by Teen Usage Drop, Left Investors in the Dark
(Bloomberg) -- In March, a group of researchers inside Facebook Inc. compiled a report for one of the company’s most powerful executives, Chief Product Officer Chris Cox. The paper included a series of charts and data highlighting a troubling trend that seemed to be accelerating: Facebook was losing popularity with teens and young adults.Most Read from BloombergCities' Answer to Sprawl? Go Wild.Hamburg Is at the Heart of Germany’s Growing Dilemma Over ChinaWhy Americans and Britons Are Rushing t
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