Thursday, 1 April 2021

S&P 500 rides Microsoft, Amazon to record close above 4,000

S&P 500 rides Microsoft, Amazon to record close above 4,000

(Reuters) -The S&P 500 surged on Thursday to its first-ever close above the 4,000 mark, lifted by gains in Microsoft, Amazon and Alphabet, as well as optimism about a recovering U.S. economy.

Nike wins halt to sales of Lil Nas X 'Satan Shoes'

A federal judge on Thursday sided with Nike Inc in ordering a Brooklyn company to temporarily stop further sales of "Satan Shoes" it produced in collaboration with the rapper Lil Nas X.

Ford resumes political donations after review

Ford Motor Co's political action committee is resuming making political donations and will not rule out making donations to Republican lawmakers that voted against President Joe Biden's election certification on Jan. 6, according to a letter from Ford seen by Reuters.

Global equities surge on factory data, stimulus hopes

Global equity markets surged on Thursday, with U.S. and European benchmark indexes hitting record highs, as the strongest manufacturing data around the world in decades and a drop in bond yields drove investor optimism.

Apple's Tim Cook joins chorus of critics against Georgia's voting restrictions

Apple Inc Chief Executive Officer Tim Cook on Thursday was the latest corporate leader to speak out against the state of Georgia's new voting restrictions, which many critics say targets Blacks and other racial minorities.

Honda to resume normal North American production April 5

Honda Motor Co said on Thursday it will resume normal production on April 5 at its automobile, engine and transmission plants in North America after production cuts impacted all of its U.S., Mexican and Canadian auto plants.

U.S. automakers post higher quarterly sales even as chip shortage bites

Automakers on Thursday reported a rebound in first-quarter U.S. sales from a coronavirus-induced slump last year, but volumes were capped by a global chip scarcity that forced many companies to cut production.

U.S. manufacturing sector index races to 37-year high in March: ISM

A measure of U.S. manufacturing activity soared to its highest level in more than 37 years in March, driven by strong growth in new orders, the clearest sign yet that a much anticipated economic boom was probably underway.

United Airlines to initially hire 300 new pilots as travel demand rebounds

United Airlines on Thursday said it would hire about 300 pilots as travel demand rebounds as a rising number of Americans get COVID-19 vaccination, according to the company's internal memo seen by Reuters.

Oil rises as OPEC+ decides on production policy

Oil prices surged up 3% on Thursday after news that OPEC+ reached a deal to gradually ease production cuts from May.

Related Videos

Apple joins corporate backlash against GA voting law

U.S. manufacturing activity hits 37-year high

IBM_Security_Shield_1Q21_Reuters_Thumbnail.png
Sponsored by IBM: IBM Security Solutions

Explore the cybersecurity solutions behind the shield to help you put security everywhere

LEARN MORE