Friday, 9 April 2021

Daily Investor Update: Amazon.com warehouse workers vote to reject forming union in Alabama

Amazon.com warehouse workers vote to reject forming union in Alabama

(Reuters) -Amazon.com warehouse workers in Alabama voted against forming a union by a more than 2-to-1 margin in a major win for the retailer, but the union hoping to reignite the U.S. labor movement said on Friday it would challenge the results, citing election interference.

Oil edges lower on mixed supply and demand outlook

Oil prices edged lower in rangebound trade on Friday on rising supplies from major producers and concerns over a mixed picture on the COVID-19 pandemic's impact on fuel demand.

Elon Musk's Neuralink shows monkey with brain-chip playing videogame by thinking

Billionaire entrepreneur Elon Musk's brain-chip startup released footage on Friday appearing to show a monkey playing a simple videogame after getting implants of the new technology.

Wall Street gains, Treasury yields rise as inflation picks up steam

Wall Street gained ground on Friday after solid U.S. inflation data and an uptick in Treasury yields suggested the economic recovery from the pandemic recession was gaining momentum.

S&P 500, Dow hit records; earnings season jitters cap gains

(Reuters) -The S&P 500 and the Dow climbed to record highs on Friday, buoyed in part by gains in growth stocks, but gains were muted ahead of the start of quarterly earnings season next week.

Boeing production issue prompts airlines to pull some 737 MAX jets from service

Airlines suspended the use of dozens of 737 MAX jets on Friday after Boeing Co warned them of a possible electrical fault in the production of some planes.

Failed Amazon union effort renews call for updated U.S. labor laws

A failed attempt to unionize Amazon.com warehouse workers shows why Congress needs to pass proposed legislation to protect labor unions against corporations' anti-organizing efforts, Democratic lawmakers and labor activists said Friday.

Citigroup lawyer says another bank made bigger payment error than Revlon

A lawyer for Citigroup Inc told a U.S. judge on Friday he was aware of another large bank that recently made a bigger payment error than Citigroup made last August when it sent $894 million of its own money to Revlon Inc lenders.

Credit Suisse's U.S. brokerage files lawsuit over data leak

The U.S. brokerage subsidiary of Credit Suisse Group AG has disclosed that former employees' personal data was leaked last month and that it had filed a lawsuit over the matter, in the latest snafu for the Swiss banking giant.

Melt up? More money poured into stocks in past 5 months than last 12 years

Equity funds have attracted more than half a trillion dollars in the past five months, exceeding inflows recorded over the previous 12 years, according to data from BofA, which has likened the stampede to a "melt-up" in markets.

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