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April 12, 2021, 3:15 p.m. EDT

‘Don’t fight the Fed,’ Goldman says. These stocks can benefit from higher inflation.

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By Callum Keown

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Powell said “it will be a while” before the central bank taps the brakes on the economy, in an interview on “60 Minutes” on Sunday.

Tech giant Microsoft /zigman2/quotes/207732364/composite MSFT +2.11% confirmed it has agreed to buy speech-recognition company Nuance Communications /zigman2/quotes/202549318/composite NUAN -0.02% in a deal valued at about $19.7 billion .

Pub gardens, hair salons, gyms and nonessential shops will open in England on Monday for the first time since early January, as the U.K. takes the next step on its path to reopening.

Alibaba /zigman2/quotes/215112034/delayed HK:9988 -2.08% shares surged 7% in Hong Kong trading after the e-commerce giant was fined a record $2.8 billion by China’s antitrust watchdog . The company’s American depositary receipts /zigman2/quotes/201948298/composite BABA -1.30% were more than 6% higher in premarket trading.

Italian diagnostic specialist DiaSorin /zigman2/quotes/204234418/delayed IT:DIA +3.38% announced a deal to buy COVID-19 testing kit maker Luminex Corp. for around $1.8 billion.

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/zigman2/quotes/207732364/composite
US : U.S.: Nasdaq
$ 336.63
+6.95 +2.11%
Volume: 28.56M
Nov. 29, 2021 4:00p
P/E Ratio
37.63
Dividend Yield
0.74%
Market Cap
$2475.23 billion
Rev. per Employee
$928,663
loading...
/zigman2/quotes/202549318/composite
US : U.S.: Nasdaq
$ 55.33
-0.01 -0.02%
Volume: 2.77M
Nov. 29, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$17.68 billion
Rev. per Employee
$197,446
loading...
/zigman2/quotes/215112034/delayed
HK : Hong Kong
$ 127.30
-2.70 -2.08%
Volume: 61.24M
Nov. 30, 2021 4:08p
P/E Ratio
19.07
Dividend Yield
N/A
Market Cap
$2799.83 billion
Rev. per Employee
$3.26M
loading...
/zigman2/quotes/201948298/composite
US : U.S.: NYSE
$ 131.61
-1.74 -1.30%
Volume: 18.65M
Nov. 29, 2021 4:01p
P/E Ratio
19.12
Dividend Yield
N/A
Market Cap
$358.99 billion
Rev. per Employee
$420,723
loading...
/zigman2/quotes/204234418/delayed
IT : Italy: Milan
191.35
+6.25 +3.38%
Volume: 120,318
Nov. 30, 2021 12:53p
P/E Ratio
35.50
Dividend Yield
0.52%
Market Cap
€10.25 billion
Rev. per Employee
€426,576
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