Friday 30 April 2021

Reuters Business: Bitcoin rises 6.54% to $57,098.08

Bitcoin rises 6.54% to $57,098.08

Bitcoin rose 6.54% to $57,098.08 on Friday, adding $3,504.11 to its previous close.

India demand fears, weak Japan crude imports knock oil prices

Oil prices fell from six-week highs on Friday as investors unloaded positions after weak Japanese crude import data and on worries about fuel demand in India, where COVID-19 infections have soared.

UK's Truss expects Airbus-Boeing row to be resolved by July

British trade minister Liz Truss expects the trade dispute over Airbus (AIR.PA) and Boeing (BA.N) to be resolved by July when a freeze on tit-for-tat tariffs expires, she told Reuters on Friday.

Wall Street ends lower, weighed down by Apple

Wall Street ended lower on Friday, with Apple, Alphabet and other tech-related companies weighing on the S&P 500 and Nasdaq despite recent strong quarterly earnings reports.

Barclays, BNP Paribas see equities bonanza outweigh fixed income slide

Barclays (BARC.L) and BNP Paribas (BNPP.PA) reported bumper first-quarter profits on Friday, as an equities trading boom offset a slump in demand for fixed income products.

3M hit with $6 mln punitive damages by U.S. jury in first combat earplug trial

3M Co (MMM.N) was found liable on Friday for hearing damage suffered by three U.S. military veterans who accused the company of covering up design defects in its earplugs, a blow to 3M which faces more than 200,000 similar claims.

Apple and Alphabet pull Wall Street lower

Wall Street dropped on Friday, with Apple, Alphabet and other tech-related companies dipping despite recent strong quarterly earnings reports.

Andreessen Horowitz plans $1 bln cryptocurrency VC fund - FT

Venture capital giant Andreessen Horowitz is looking to raise a fund of as much as $1 billion to invest in cryptocurrencies and crypto start-ups, the Financial Times reported on Friday.

'Amtrak Joe' Biden to push infrastructure in Philadelphia

President Joe Biden visited an Amtrak train station on Friday to promote his $1.9 trillion infrastructure proposal, saying the United States is "way behind" in improving its transportation grid and needs to do so to keep up with China.

Amazon's sales and profit rise as retailer rides wave of pandemic shopping

Amazon.com Inc (AMZN.O), one of the biggest winners of the pandemic, posted record profits on Thursday and signaled that consumers would keep spending in a growing U.S. economy and converts to online shopping are not likely to leave.

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