Monday 26 April 2021

Reuters Business: S&P 500, Nasdaq close at record highs ahead of tech earnings wave

S&P 500, Nasdaq close at record highs ahead of tech earnings wave

The S&P 500 and Nasdaq closed at record highs on Monday, fueled by Tesla Inc and other heavyweight growth stocks ahead of a deluge of earnings reports this week.

Tesla beats quarterly revenue expectations on strong deliveries

Tesla Inc (TSLA.O) beat Wall Street expectations for first-quarter revenue and profit on Monday boosted by record deliveries, robust demand from China and environmental credit sales.

Lyft sells self-driving tech unit to Toyota for $550 mln, moves up profit timeline

Lyft Inc (LYFT.O) will sell its self-driving technology unit to Toyota Motor Corp (7203.T) in a $550 million deal, the companies said on Monday, allowing the ride-hail company to hit its profitability target one quarter earlier.

S&P 500, Nasdaq close at record highs ahead of tech earnings wave

The S&P 500 and Nasdaq closed at record highs on Monday, fueled by Tesla Inc ahead of the electric car maker's quarterly report, the first of several this week from heavyweight growth companies.

Impact of Apple ad tracking changes will hinge on app developers, exec says

The impact of Apple Inc's (AAPL.O) new privacy controls over digital advertising tracking is likely to depend greatly on how app developers implement a new pop-up notification, Apple's user privacy chief told Reuters.

Exxon retreated from oil trading in pandemic as rivals made fortunes

Exxon Mobil's effort to build an energy trading business to compete with those of European oil majors unraveled quickly last year as the firm slashed the unit's funding amid broader spending cuts, 10 people familiar with the matter told Reuters.

Tesla lifts S&P 500 ahead of tech earnings wave

The S&P 500 and Nasdaq climbed on Monday, fueled by Tesla ahead of the electric car maker's quarterly report, which kicks off this week's results from several heavyweight growth companies.

Bitcoin hit with record weekly outflow as rally ebbs -CoinShares data

Bitcoin posted a record weekly outflow, with overall sentiment on cryptocurrencies turning cautious as the digital asset's searing rally hit a wall, data from digital currency manager CoinShares showed on Monday.

Tesla lifts Wall Street as big tech earnings set to roll in

Wall Street's main indexes rose on Monday as electric-car maker Tesla gained ahead its earnings report, kicking off this week's results from heavyweight technology companies.

White House says capital gains tax would hit 0.3% of taxpayers

President Joe Biden's forthcoming capital gains tax hike proposal would affect only a 0.3% slice of U.S. taxpayers, a top economic aide said on Monday.

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