Wednesday 30 June 2021

Reuters Business: S&P 500 notches fifth straight record closing high, fifth straight quarterly gain

S&P 500 notches fifth straight record closing high, fifth straight quarterly gain

The S&P 500 nabbed its fifth straight record closing high on Wednesday as investors ended the month and the quarter by largely shrugging off positive economic data and looking toward Friday's highly anticipated employment report.

Micron sales beats expectations as chip supplies remain tight, prices high

Micron Technology Inc (MU.O) on Wednesday beat Wall Street estimates for quarterly profit and forecast fourth-quarter revenue above expectations, as tight supplies of memory chips and continued strong demand kept prices high.

S&P 500 closes at record high as Wall St notches fifth straight quarterly gain

The S&P 500 eked out its fifth straight record closing high on Wednesday as investors ended the month and the quarter by largely shrugging off positive economic data and looking toward Friday's highly anticipated employment report.

Smithfield Foods to pay $83 mln to settle pork price-fixing claims

Smithfield Foods Inc (SFII.UL) said on Wednesday it will pay $83 million to settle litigation that accused several companies of conspiring to limit supply in the $20 billion-a-year U.S. pork market to inflate prices and their own profits.

UK wins financial services carve-out from new global tax rules - FT

Britain is set to secure an exemption for financial services from a new global tax system which was agreed by the Group of Seven economies to squeeze more money out of multinationals like Google, the Financial Times said on Wednesday.

EXCLUSIVE Chevron to sell some Permian assets valued at more than $1 bln -sources​

Chevron Corp (CVX.N) is looking to sell two collections of conventional oil and gas fields in the Permian Basin valued at more than $1 billion combined, three sources told Reuters.

Gap to sell stores in France, Italy to cut costs in Europe

Gap Inc (GPS.N) is in talks with its partners to sell its stores in Italy and France, the U.S. apparel chain said on Wednesday, as it looks to limit its presence to online in Europe and save costs.

Ford to shut some N. American plants for few weeks on chip shortage

Ford Motor Co (F.N) said on Wednesday several of its North American factories will be shut for a few weeks in July and August due to a global shortage of semiconductors.

Aramco's CFO Khalid al-Dabbagh set to step down -Bloomberg

Saudi Aramco Oil Co's (2222.SE) Khalid al-Dabbagh is set to step down as chief financial officer of the oil giant, Bloomberg News reported on Wednesday, citing people familiar with the matter.

S&P 500 flirts with record high as month, quarter draw to a close

Wall Street was muted on Wednesday and the S&P teased its fifth straight record closing high as investors ended the month and the quarter by largely shrugging off positive economic data and looking toward Friday's highly anticipated employment report.

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