Thursday, 1 July 2021

Reuters Business: IMF says encouraged by tax agreement; urges holdout countries to join up

IMF says encouraged by tax agreement; urges holdout countries to join up

The head of the International Monetary Fund on Thursday welcomed an agreement by 130 countries to back a global corporate minimum tax, and said work would continue to bring others into the fold.

S&P 500 winning streak extends to sixth straight record close

The S&P 500 reached its sixth consecutive all-time closing high on Thursday, as a new quarter and the second half of the year began with upbeat economic data and a broad-based rally.

IMF raises U.S. 2021 growth forecast to 7%, fastest pace in a generation

The International Monetary Fund raised its 2021 U.S. growth projection sharply to 7.0% on Thursday from a 4.6% forecast issued in April, due to unprecedented fiscal and monetary support.

S&P 500 extends winning streak, nabs sixth straight record close

The S&P 500 reached its sixth consecutive all-time closing high on Thursday, as a new quarter and the second half of the year began with upbeat economic data and a broad-based rally.

Trump's company, CFO indicted in 'sweeping' tax fraud

Donald Trump's namesake company and longtime financial chief pleaded not guilty on Thursday to what a New York prosecutor called a "sweeping and audacious" tax fraud, arising from a probe into the former U.S. president's company and its business practices.

Stocks reach for records as U.S. jobless claims dive

Global stock markets rose on strong European and U.S. shares on Thursday, with stocks brushing off a rapid re-acceleration in coronavirus cases and oil and the dollar extending their first-half rallies.

France investigates fashion retailers for concealing crimes against humanity in Xinjiang

French prosecutors have opened an investigation into four fashion retailers suspected of concealing crimes against humanity in China's Xinjiang region, a judicial source said on Thursday.

U.S. companies spend billions on stay-at-home tech, boding ill for office properties

As the U.S. economy reopens, ramped-up corporate spending on video systems and plans to increase shared workspace suggests hybrid work is here to stay, potentially weighing on commercial property prices in New York, San Francisco and other major cities.

S&P 500 kicks off quarter with sixth straight record close in sight

The S&P 500 was on its way to its sixth consecutive all-time closing high on Thursday, as investors greeted a new quarter and the second half of the year in a buying mood.

Volkswagen sees strongest first-half U.S. sales since 1973

Volkswagen of America said it sold more than 211,000 cars in the first half of 2021, its highest level for the period in nearly 50 years, and is on pace to sell more than 400,000 this year, Chief Executive and President Scott Keogh said in a media briefing on Thursday.

Related Videos

U.S. stocks will trend higher in 2d half -strategist

How do ride-hailing giants Didi and Uber compare?

U.S. jobless claims fall to 364,000