Wednesday 23 June 2021

Reuters Business: Tesla lifts Nasdaq to record-high close, S&P 500 dips

Tesla lifts Nasdaq to record-high close, S&P 500 dips

The Nasdaq climbed to a record-high close on Wednesday, fueled by a rally in Tesla Inc (TSLA.O), while the S&P 500 dipped, even as investors cheered data that showed a record peak for U.S. factory activity in June.

ViacomCBS names MTV executive as streaming unit's programming head

ViacomCBS Inc (VIAC.O) said on Wednesday it has appointed MTV Entertainment Group executive Tanya Giles as chief programming officer for its streaming division, part of a reorganization of senior management that formalizes the company's direct-to-consumer business as core to everyone's job.

Tesla lifts Nasdaq to record-high close

The Nasdaq climbed to a record-high close on Wednesday, fueled by a rally in Tesla Inc (TSLA.O), with investors cheering data that showed a record peak for U.S. factory activity in June.

U.S. software mogul John McAfee dies by hanging in Spanish prison -lawyer says

U.S. technology entrepreneur John McAfee hanged himself in his prison cell on Wednesday after the Spanish high court authorised his extradition to the United States on tax evasion charges, his lawyer told Reuters.

Enbridge says additional permit requirements will delay start of Line 5 tunnel project

The U.S. Army Corps of Engineers' decision to undertake a tougher environmental review of Enbridge Inc's (ENB.TO) proposed oil pipeline tunnel under the Great Lakes will delay the start of construction on the project, the company said on Wednesday.

Yellen says without debt limit hike, U.S. could face August default risk

U.S. Treasury Secretary Janet Yellen on Wednesday urged Congress to raise or suspend the federal debt limit as soon as possible, warning that if lawmakers fail to act, the United States could face a serious risk of default as soon as August.

NFL exploring options for media properites, including stake sale - WSJ

The National Football League (NFL) is exploring options for its media properties including selling stakes to strategic partners, the Wall Street Journal reported on Wednesday, citing a letter from the league to team owners.

Dollar edges higher as Fed debate over inflation continues

The dollar ended higher on Wednesday as two Federal Reserve officials said that a period of high inflation in the United States could last longer than anticipated, a day after Fed Chair Jerome Powell played down rising price pressures.

Boeing faces rocky path to gaining approval for 737 MAX return in China

Trade power tensions, regulatory hurdles and attempts by the West to counter Chinese competition are delaying a return of the 737 MAX in China, frustrating Boeing Co (BA.N) as a potential rival demonstrates its growing influence.

EU envoy urges U.S. to ease travel restrictions; sees time to resolve metals dispute

The European Union's top diplomat in Washington said the United States should safely ease COVID-19 travel restrictions on Europeans, calling it a mistake to prevent European business executives from overseeing their U.S. investments.

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