Wednesday, 14 July 2021

Reuters Business: GM says some Chevy Bolt EV owners should park outside after two fires

GM says some Chevy Bolt EV owners should park outside after two fires

General Motors Co (GM.N) said on Wednesday it wants some U.S. owners of Chevrolet Bolt electric vehicles to park their vehicles outdoors immediately after charging and not leave them charging overnight after reports of two fires.

Amazon urges end to New York lawsuit over COVID-19 standards at warehouses

Amazon.com Inc (AMZN.O) on Wednesday pressed a New York judge to dismiss a lawsuit by state Attorney General Letitia James claiming the online retailer failed to ensure worker safety at two New York City warehouses as COVID-19 infections surged.

S&P 500 ends higher after Powell lulls market

The S&P 500 ended with a gain after briefly hitting an intra-day record in a choppy session on Wednesday, as investors balanced worries about inflation with reassuring comments from Fed Chair Jerome Powell.

S&P 500 ends higher after Powell lulls market

The S&P 500 ended with a gain after briefly hitting an intra-day record in a choppy session on Wednesday, as investors balanced worries about inflation with reassuring comments from Fed Chair Jerome Powell.

AMC, GameStop shares fall to half of their June peaks

Shares of cinema operator AMC Entertainment (AMC.N) and video game retailer GameStop Corp (GME.N) fell sharply on Wednesday and were both trading below half their recent peak prices, testing the fortitude of the stocks' retail shareholders.

Fed's Powell keeps to script on jobs recovery, feels heat on inflation front

Federal Reserve Chair Jerome Powell on Wednesday pledged "powerful support" to complete the U.S. economic recovery from the coronavirus pandemic, but faced sharp questions from Republican lawmakers concerned about recent spikes in inflation.

U.S. producer prices post biggest annual gain in more than 10-1/2 years

U.S. producer prices accelerated in June, leading to the largest annual increase in more than 10-1/2 years, suggesting inflation could remain high as robust demand fueled by the economy's recovery from the COVID-19 pandemic strains the supply chain.

EU lawmaker gets backing for tougher EU tech rules

A key EU lawmaker at the European Parliament steering the debate on tough new rules aimed at Facebook (FB.O), Google (GOOGL.O) and other large online platforms, secured backing to beef up Europeans' fundamental rights in the draft rules.

Biggest U.S. banks smash profit estimates as economy revives

The four largest U.S. consumer banks posted blockbuster second-quarter results this week, after pandemic loan losses failed to materialize and the U.S. economy began roaring back to life.

Amazon Chair Jeff Bezos donating $200 mln to Smithsonian

Amazon.com Inc(AMZN.O) founder and Chair Jeff Bezos will donate $200 million to the Smithsonian Institution to boost its Air and Space museum and fund a new education center, the largest gift since the museum's founding in 1846.

Related Videos

Powell: 'powerful support' required until 'recovery is complete'

Profits crush estimates at BofA, Wells, Citi

Delta Air swings to profit as travel rebounds