Thursday 29 April 2021

Reuters Business: Facebook fuels S&P 500 to record high close

Facebook fuels S&P 500 to record high close

The S&P 500 closed at a record high on Thursday, fueled by gains in Facebook following its strong earnings report, while Amazon jumped in extended trade following its quarterly report.

Facebook lifts S&P 500 to record high

The S&P 500 hit an intra-day record high on Thursday, fueled by gains in Facebook following its strong earnings report, while investors awaited upcoming results from Amazon.

Block by block, LEGOLAND New York prepares to open

After spending a lot of time indoors through the year-long coronavirus pandemic, families in the New York area will soon have one of the first new theme parks in years to visit as restrictions are eased, with LEGOLAND preparing to launch its latest resort.

Gilead 1st-quarter profit rises despite lower HIV drug sales

Gilead Sciences Inc (GILD.O) on Thursday said its first-quarter product sales rose 16%, including $1.46 billion in sales of its COVID-19 antiviral drug remdesivir, but sales of flagship HIV and hepatitis C drugs were down due to the effects of the pandemic.

Twitter shares slide in lukewarm outlook, warns of user growth fizzling

Twitter Inc (TWTR.N) shares sank 9% in postmarket trading on Thursday as it offered tepid revenue guidance for the second quarter and warned of rising costs and expenses and said user growth could slow in the coming quarters as the boost seen during the coronavirus pandemic fizzles.

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

Amazon.com Inc (AMZN.O) on Thursday reported its biggest profit ever as consumers turned to the online retailer for their shopping needs and businesses paid it more to warehouse and advertise their products.

Facebook fuels S&P 500 to record high close

The S&P 500 closed at a record high on Thursday, fueled by gains in Facebook following its strong earnings report, while investors awaited upcoming results from Amazon.

EXCLUSIVE U.S. Labor Secretary supports classifying gig workers as employees

A lot of gig workers in the United States should be classified as "employees" who deserve work benefits, President Biden's labor secretary said on Thursday, suggesting a shift in policy that is likely to raise costs for companies that depend on contractors such as Uber (UBER.N) and Lyft (LYFT.O).

Senators examine Caterpillar tax probe under former AG Barr's office

Two Democrat U.S. senators are questioning whether political interference during the Trump Administration hampered a Department of Justice investigation of heavy-equipment manufacturer Caterpillar Inc., according to an announcement this week by the Senate Finance Committee's chairman. Former Attorney General William Barr, Caterpillar's former lawyer, ran the department while the investigation was underway.

EXCLUSIVE Forbes pursues SPAC talks amid new takeover interest -sources

Business news and information publisher Forbes Media LLC is in talks to go public through a merger with a special purpose acquisition company (SPAC) as it attracts new acquisition interest, people familiar with the matter said on Thursday.

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