 | | | | Amazon.com Inc (AMZN.O) plans to award incoming Chief Executive Andy Jassy more than $200 million in extra stock, which will pay out over 10 years, the company said in a regulatory filing on Friday. | | | | | | No major U.S. industry has regained its pre-recession level of employment in the 16 months since COVID-19 torpedoed the labor market, a sobering reality check on the lasting mark of the pandemic as the nation heads into Independence Day weekend. | | | | | | A stronger than expected U.S. employment report is strengthening investors' focus on economic data and the Federal Reserve's next move, as markets cheer further evidence of a robust economic recovery amid worries over persistent inflation. | | | | | | U.S. dollar net shorts fell to their lowest level since late April, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday. | | | | | | Nvidia Corp's (NVDA.O) proposed $40 billion acquisition of Arm Ltd would better support the creation of UK technology jobs than the SoftBank Group Corp (9984.T) unit becoming a standalone public company once again, Arm's chief executive said on Friday. | | | | | | Wall Street scaled new highs on Friday, with the S&P closing up for a seventh straight day, after jobs data for June showed robust hiring yet persistent weakness in the labor market that will keep the Federal Reserve from raising interest rates any time soon. | | | | | | President Joe Biden is set to nominate a senior lawyer for a U.S. House of Representatives committee to chair the Consumer Product Safety Commission (CPSC), along with a lawyer at the agency for another commissioner slot, a source told Reuters. | | | | | | The U.S. debt ceiling comes back into effect at the end of July, putting pressure on the Treasury to reduce its cash balance ahead of the deadline. That means more injections of cash into a financial system already swimming with liquidity, potentially sinking short-term rates and causing undue distortion in money markets. | | | | | | Federal Reserve Chair Jerome Powell met with the chief executive of cryptocurrency exchange operator Coinbase Global Inc (COIN.O) on May 11, days before the central bank chief announced plans for a white paper examining whether the Fed should develop a digital currency of its own. | | | | | | Citigroup Inc (C.N) will lift the base salaries of its junior investment bankers, according to an internal memo seen by Reuters days after media reports of a similar move by rival JPMorgan Chase & Co (JPM.N). | | | | | |
