Friday 23 April 2021

Reuters Business: Strong data lifts stocks after tax scare; oil gains

Strong data lifts stocks after tax scare; oil gains

Stocks rose on Friday as solid economic data reversed a Wall Street decline the previous session, while the U.S. dollar fell as it lost some of its safe haven appeal.

EXCLUSIVE Brazil's Nubank readies U.S. stock market listing -sources

Brazilian digital bank Nubank has initiated preparations for a U.S. stock market listing that could come as early as this year, according to people familiar with the matter.

Dollar falls as yields languish, euro gets extra late-day lift

The dollar fell against major currencies on Friday as U.S. yields languished and the euro got an extra late-day lift following a earlier boost from an upbeat survey of purchasing managers.

Nestle asked to stop spring water diversions in San Bernardino

California's Water Resources Control Board on Friday asked Nestle (NESN.S) to stop unauthorized spring water diversions in the San Bernardino Forest after a probe revealed multiple violations and depletion of resources.

EXCLUSIVE Baidu's Jidu Auto to invest $7.7 bln in 'robot' smart cars

Jidu Auto, an electric vehicle venture between China's tech giant Baidu and Chinese automaker Geely, aims to plough 50 billion yuan ($7.7 billion) into producing smart cars over the next five years, its chief executive told Reuters.

Seeking "driving seat" for EU, Breton to meet chipmaker execs

European industry chief Thierry Breton will hold discussions with the chief executive of chipmaker Intel (INTC.O) and a top executive of Taiwanese competitor TMSC on April 30, as the EU seeks to shield itself from shocks in the global supply chain.

Apple to help workers get COVID-19 shots at its offices

Apple Inc (AAPL.O) said on Friday that it is starting a program to help employees get voluntary COVID-19 vaccinations at the iPhone maker's offices.

Wall Street sees long road ahead as Intel seeks to regain market share

Intel Corp's (INTC.O) shares fell 7% on Friday as Wall Street analysts raised concerns about how soon the chipmaker can close the gap with rivals as it spends billions of dollars to increase manufacturing.

Beijing-based ByteDance says it has no immediate listing plans

Beijing-based ByteDance said on Friday it had no imminent plans for an initial public offering (IPO).

U.S. manufacturing, new homes sales underscore booming economy

U.S. factory activity powered ahead in early April, though manufacturers increasingly struggled to source raw materials and other inputs as a reopening economy leads to a boom in domestic demand, which could slow momentum in the months ahead.

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