News Highlights: Top Global Markets News of the Day

This article was originally published on this site

Tech Shares Edge Up After Falling on Inflation Worries 

U.S. stock indexes hovered near the flatline, while technology shares inched higher and were poised for a modest rebound.

Treasury Secretary Yellen Calls for Reform of Corporate Tax System 

Ms. Yellen said the Biden administration is seeking to return corporate taxes to historic norms.

Trump Allies Promote Portfolios Targeting 'Unwoke Investors' 

A group of conservative money managers is seeking to woo investors disgruntled by increased involvement by some companies in political and social issues.

Eurozone Recession Confirmed at Start of Year 

The eurozone economy declined 0.6% at the beginning of 2021 for the second consecutive quarter, entering its second technical recession in a year.

Southeast Asia's Battle of the $40 Billion Superapps 

Another big internet platform deal shows that the region is well placed to be the next tech hot spot as regulation in China tightens.

Investors Need to Get the Measure of Carbon 

The time has come for investors to think about greenhouse-gas emissions separately from other environmental, social and governance criteria.

U.S. Bank Stocks Shine as Investors Bet on Recovery 

Investors, eager to get exposure to an economic recovery, are pouring into bank stocks like never before, putting the stocks on track for what could be their best year on record compared with the S&P 500.

Fidelity's Pitch to Teens: No-Fee Brokerage Accounts 

Fidelity said it will issue debit cards and offer investing and savings accounts to 13- to 17-year-olds whose parents or guardians also invest with the firm. The accounts will let teens buy and sell U.S. stocks, Fidelity mutual funds and many exchange-traded funds.

Stop New Oil Investments to Hit Net-Zero Emissions, IEA Says 

Investment in new fossil-fuel supply projects must immediately cease if the world is going to slash net carbon emissions to zero by 2050, the Paris-based energy watchdog said.

Investors Spend Record Sums on Commercial Real Estate 

More than a year into the pandemic, high-rise office buildings are largely empty. Yet by most measures, the U.S. commercial real-estate market is in remarkably solid shape.


(END) Dow Jones Newswires

May 18, 2021 11:15 ET (15:15 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.