Monday 28 June 2021

Reuters Business: Tech stock rally sends S&P 500 and Nasdaq to record highs

Tech stock rally sends S&P 500 and Nasdaq to record highs

The Nasdaq and S&P 500 hit all-time highs on Monday, fueled by tech stocks as investors expect a robust earnings season while interest rates remain low.

Disney delays test cruise on 'inconsistent' COVID-19 test results

Walt Disney Co's (DIS.N) cruise division said on Monday it had postponed its first test cruise since the onset of the pandemic after a few volunteers showed inconsistent COVID-19 test results.

JPMorgan Chase increases quarterly dividend

JPMorgan Chase & Co (JPM.N) said on Monday it intends to increase its quarterly dividend to $1 per share, up from 90 cents per share, for the third quarter of 2021.

Tech stock rally sends S&P and Nasdaq to record highs

The Nasdaq and S&P 500 headed to all-time highs on Monday, fueled by tech stocks as interest rates remain low, while investors awaited data on the U.S. labor market due on Friday.

Morgan Stanley doubles quarterly dividend, increases share buyback

Morgan Stanley (MS.N) said on Monday it had doubled its quarterly dividend to 70 cents per share.

Disney delays test cruise over inconsistent COVID-19 results

Walt Disney Co (DIS.N) postponed its first test cruise since the onset of the global coronavirus pandemic after COVID-19 tests provided inconsistent results for five crew members, the company said on Monday.

U.S. biofuel groups urge EPA to curb oil refinery waivers despite ruling

U.S. biofuel and corn industry groups said on Monday they are urging the Environmental Protection Agency to use restraint in its use of waivers exempting refiners from their biofuel blending obligations after the Supreme Court last week upheld the controversial program.

S&P Global cuts India's growth forecasts, trims EM overall

S&P Global cut its growth forecasts for some of Asia's top economies including India, the Philippines and Malaysia on Monday, offsetting upgrades to China and South Africa and much of Latin America.

Exclusive: White House order pushes antitrust enforcement throughout U.S. economy

The White House is working on an antitrust executive order that aims to push government agencies to consider how their decisions will impact competition in an industry, according to two sources familiar with the matter.

U.S. judge dismisses FTC lawsuit against Facebook

A U.S. judge on Monday dismissed an antitrust lawsuit against Facebook Inc (FB.O) that sought to force the social media company to sell Instagram and WhatsApp, saying the Federal Trade Commission action was "legally insufficient."

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