Tech Stocks Extend Slump As Inflation Concerns Mount; Oil Gains Support Dow

Tech Stocks Extend Slump As Inflation Concerns Mount; Oil Gains Support Dow

Global stocks mixed as U.S. Treasury bond yields hold near one-year highs following the weekend passage of President Biden’s $1.9 trillion stimulus bill. A formal House vote, likely Tuesday, should put the bill on Biden’s desk for signing before the March 14 …
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Expect moderately worse banking sector outlook for next fiscal: Fitch

NEW DELHI: Fitch Ratings on Monday said it expects a moderately worse sector outlook for Indian banks for the next fiscal beginning April 1 based on muted expectations for new business and revenue generation, and deteriorating asset quality.
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Apollo to buy Athene for a 16.5% premium, in a deal valued at $11 billion

The deal is expected to close in January 2022. Separately, Apollo said it will move to a single share class. “The key benefits of the merger will be derived from increased coordination and alignment, not consolidation,” the companies said in a statement.
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Asian shares rise on back of US stimulus bill

A spike in oil prices past $70 for the first time since the pandemic sparked some worries about inflation for energy-hungry Asia.
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FirstEnergy Corp. names new CEO

COLUMBUS, Ohio—FirstEnergy Corp. announced Monday that company president Steven Strah will now also become its CEO, as the Akron-based utility works to emerge from the cloud of the House Bill 6 bribery scandal. Strah had been FirstEnergy’s acting …
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