Tuesday 22 June 2021

Reuters Business: Nasdaq ends at record high as Big Tech companies roar back

Nasdaq ends at record high as Big Tech companies roar back

The Nasdaq ended at a record high on Tuesday, lifted by Amazon, Microsoft and other top-shelf tech companies as investors shifted their focus to growth stocks.

Former Platinum hedge fund exec gets prison in New York City corruption case

A co-founder of the Platinum Partners hedge fund firm was sentenced on Tuesday to seven months in prison for his role in a bribery scheme involving the once-powerful head of New York City's correction officers' union.

Dollar lower as Powell reaffirms pledge to not raise rates too quickly

The U.S. dollar held at lower levels on Tuesday after Federal Reserve Chair Jerome Powell reaffirmed the U.S. central bank's intent to encourage a "broad and inclusive" recovery of the job market, and not to raise interest rates too quickly based only on the fear of coming inflation.

Nasdaq ends at record high as Big Tech roars back

The Nasdaq ended at a record high on Tuesday, lifted by Amazon, Microsoft and other top-shelf tech companies as investors shifted their focus to growth stocks.

Nasdaq ends at record high as Big Tech roars back

The Nasdaq ended at a record high on Tuesday, lifted by Amazon, Microsoft and other top-shelf tech companies as investors shifted their focus to growth stocks.

Wall Street rises as Powell testifies, oil wavers

Wall Street ticked upward on Tuesday as investors prepared for Federal Reserve Chairman Jerome Powell to flesh out his thinking on the U.S. economy, while oil and the dollar both struggled to hold early gains.

Fed will not raise rates on inflation fears alone, Powell says

Federal Reserve Chair Jerome Powell on Tuesday reaffirmed the U.S. central bank's intent to encourage a "broad and inclusive" recovery of the job market, and not to raise interest rates too quickly based only on the fear of coming inflation.

Ford to supply engines, transmissions for new U.S Postal delivery vehicles

Ford Motor Co (F.N) will provide engines, transmissions and other parts for the next-generation U.S. Postal Service (USPS) delivery vehicles being built by Oskhosh Defense.

Extreme weather to push property insurance higher -Hippo CEO

Extreme weather events and shortage of labour and materials for repairs will push property insurance rates higher in the next several years, the chief executive of U.S. home insurer Hippo said on Tuesday.

Like 'Terminator,' high-tech cyber crime to 'keep coming'

Businesses worldwide are fighting sophisticated data scientists as they battle to protect their data-rich computers from cyber crime - and the costly attacks are not going to stop, a top expert at insurer Sompo Holdings Inc (8630.T) said on Tuesday.

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