Palo Alto Networks Inc. shares rose in the extended session Thursday after the cybersecurity company reported results that topped Wall Street estimates and hiked its outlook for the year.
California is the first state in the nation to require that nearly all the miles traveled by ride-hailing drivers take place in electric vehicles by 2030.
The Democratic-run Senate, with some Republican support, is working toward passing legislation this month that targets China and aims to support the American semiconductor industry, in a fresh sign of bipartisan agreement on how to handle Beijing and a key U.S. sector.
The Fed will launch a broad discussion later this summer with the public and Congress about the potential benefits and costs of a digital dollar, Fed Chairman Jerome Powell said Thursday.
Stocks close higher Thursday, as upbeat economic data helps investors shake off worries that a pickup in inflation could force the Federal Reserve to begin reining in its accommodative monetary policy sooner than expected.
Long-dated U.S. government bond yields retreat Thursday, supported by buying that has driven rates lower and prices higher, with strategists pointing to bargain hunting by fixed-income investors in a market viewed as slightly oversold in recent days.
Pub groups Mitchells & Butlers and Marston’s said they are confident profits will rebound, as the gradual easing of COVID-19 restrictions encourages more people to return to their venues.
Financial-stability risks are increasing in Europe, and the uneven impact of the COVID-19 pandemic means that they have become concentrated in specific industries and countries, the ECB said on Wednesday.