Thursday, 8 April 2021

Daily Investor Update: Southwest Airlines recalls over 2,700 flight attendants for summer

Southwest Airlines recalls over 2,700 flight attendants for summer

Southwest Airlines said on Thursday it is recalling all flight attendants who joined a voluntary extended time-off program introduced last year during the coronavirus pandemic.

Amazon union election tally expected to start, turnout 55%

U.S. regulators are expected to start tallying votes in Amazon.com Inc's closely watched union election in Alabama later on Thursday or early Friday, union officials said.

Crypto traders on Robinhood jump six-fold to 9.5 million in Q1

(Reuters) -Online brokerage Robinhood said on Thursday that 9.5 million users traded cryptocurrency on its platform during the first quarter of 2021, a near six-fold rise from the previous quarter.

Tech boost lifts S&P to record as U.S. Treasury yields retreat

NEW YORK (Reuters) -The S&P 500 hit a record high on Thursday, as Treasury yields fell following softer-than-anticipated labor market data and helped lift technology and other growth stocks.

Academy Sports & Outdoors shares fall after JPMorgan block trade: sources

Shares of retailer Academy Sports & Outdoors Inc were down 5.9% on Thursday afternoon, with sources citing a large trade in the stock hitting the market.

Illumina CEO says GRAIL deal is good for competition

The chief executive of life sciences company Illumina argued Thursday his company's deal to buy back GRAIL would lead to cheaper cancer tests rather than potentially pushing up prices as the government alleged in seeking to block the $7.1 billion transaction.

Exclusive: Impossible Foods in talks to list on the stock market: sources

Impossible Foods Inc is preparing for a public listing which could value the U.S. plant-based burger maker at around $10 billion or more, according to people familiar with the matter.

Wall Street advances as Treasury yields dip, dollar softens

Technology shares led Wall Street higher on Thursday and Treasury yields extended their pull-back from recent peaks as market participants digested the U.S. Federal Reserve's vow to stay the course with its dovish monetary policy.

Oil flat as weaker dollar offsets surge in U.S. gasoline stocks

NEW YORK (Reuters) -Oil prices were little changed on Thursday as a falling dollar and rising stock markets offset earlier declines caused by a big increase in U.S. gasoline stockpiles and subdued demand compared with pre-pandemic levels.

GM, Ford cutting more North American production due to chip shortage

WASHINGTON (Reuters) -General Motors Co and Ford Motor Co both said on Thursday they will cut more vehicle production due to a semiconductor chip shortage that has roiled the global automotive industry.

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