Friday, 4 June 2021

Reuters Business: Tech drives Wall Street higher as jobs report calms inflation fears

Tech drives Wall Street higher as jobs report calms inflation fears

U.S. stocks climbed on Friday, led by technology shares, after a tepid U.S. monthly jobs report relieved investor concerns the Federal Reserve might rein in monetary stimulus soon.

Tech drives Wall Street higher as jobs report calms inflation fears

U.S. stocks climbed on Friday, led by technology shares, after a tepid U.S. monthly jobs report relieved investor concerns the Federal Reserve might rein in monetary stimulus soon.

U.S. SEC ousts head of accounting watchdog, puts rest of board on notice

The U.S. Securities and Exchange Commission on Friday said it has voted to remove the head of the accounting oversight board that sets standards for audits of public companies and left the rest of the members on notice.

Wall St Week Ahead Investors eye Washington talks after big rally in infrastructure shares

Investors will watch Washington in the coming week for clues on whether an outsized rally in shares of companies that would benefit from President Joe Biden's proposed $1.7 trillion infrastructure plan has more room to run.

Facebook suspends Trump for two years, shifts rules for world leaders

Facebook Inc (FB.O) on Friday suspended former U.S. President Donald Trump until at least January 2023 and announced changes to how it will treat world leaders who break the company's rules on postings on its site.

Lockheed in discussions with govt to finalize F-35 deliveries for 2022

Lockheed Martin Corp (LMT.N), which aims to produce 169 F-35 fighter jets in 2022, is in discussions with the U.S. government to finalize total aircraft deliveries and production rate for the year, the company said in a statement.

Tech takes Wall St higher as jobs report calms inflation fears

U.S. stocks climbed on Friday, lifted by technology stocks, after a tepid U.S. monthly jobs report relieved investor concerns the Federal Reserve might rein in monetary stimulus soon.

Biden still backs his corporate tax plan but keeping options open -White House

U.S. President Joe Biden still believes in his corporate tax hike proposal but is willing to keep an open mind as he prepares to talk with Republican Senator Shelley Moore Capito on Friday about a potential deal on infrastructure, the White House said.

ISS asks Extended Stay shareholders to vote for Blackstone and Starwood's new offer

Proxy adviser Institutional Shareholder Services has recommended shareholders of Extended Stay America (STAY.O) to vote for Blackstone Group (BX.N) and Starwood Capital's raised takeover offer, the hotel operator said on Friday.

U.S. leisure and hospitality pay surges to a record. Now will workers come?

Hotels, restaurants and other businesses are boosting pay as they try to rebuild their staffs and meet increasing demand from Americans ready to venture out as pandemic-related restrictions are lifted and more people are vaccinated.

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