Monday 26 July 2021

Reuters Business: Indexes notch closing record highs as key earnings, Fed meet eyed

Indexes notch closing record highs as key earnings, Fed meet eyed

All three major U.S. stock indexes eked out record closing highs for a second straight session on Monday as investors were optimistic heading into a slew of earnings from heavyweight technology and internet names this week, while caution ahead of a Federal Reserve policy meeting kept the market in check.

Tesla beats profit and revenue estimates, delays Semi launch

Electric carmaker Tesla Inc (TSLA.O) on Monday beat Wall Street expectations for second-quarter profit and revenue as record deliveries offset the impact of a prolonged global shortage of chips and raw materials.

S&P 500 edges up as investors eye key earnings, Fed meeting

The S&P 500 edged higher and eked out another record closing high on Monday, bolstered by optimism over earnings with heavyweight technology names reporting this week, while caution ahead of a policy meeting by the Federal Reserve kept the market in check.

Glencore reaches $9.85 mln zinc rigging settlement in New York

Glencore Plc (GLEN.L) agreed to pay $9.85 million to resolve a private U.S. antitrust lawsuit accusing two units of the Anglo-Swiss mining company of trying to monopolize the market for zinc, driving up its price.

Wall St mostly edges up as investors eye tech earnings, Fed meeting

The three major U.S. stock indexes were mostly higher but near the little-changed mark on Monday as investors looked forward to earnings this week from heavyweight technology names and braced for a policy meeting by the Federal Reserve.

Bezos offers NASA $2 billion in exchange for moon mission contract

Fresh off his trip to space, billionaire businessman Jeff Bezos on Monday offered to cover up to $2 billion in NASA costs if the U.S. space agency awards his company Blue Origin a contract to make a spacecraft designed to land astronauts back on the moon.

Wizz Air faces investor showdown over potential 100 mln stg CEO bonus

Hungarian budget airline Wizz Air (WIZZ.L) faces a showdown with shareholders on Tuesday, when they vote on a plan to pay its chief executive a bonus of up to 100 million pounds ($138 million) if he meets certain targets.

Goldman Sachs taps into Fiserv's clients to grow transaction banking

Goldman Sachs Group Inc (GS.N) said on Monday it is partnering with the financial tech and payments company Fiserv Inc (FISV.O) to expand its transaction banking and foreign exchange payments network, according to a joint press release.

U.S. new home sales hit 14-month low amid supply constraints

Sales of new U.S. single-family homes tumbled to a 14-month low in June and sales in the prior month were weaker than initially estimated, the latest signs that expensive lumber and shortages of other building materials were hurting the housing market.

Chinese tutoring firms could spin-off units, boost non-academic tutoring - analysts

Battered by a regulatory crackdown, China's multi-billion dollar private tutoring sector could seek to separate its business segments and bulk up non-academic tutoring as it tries to soften the blow on its operations, analysts said on Monday.

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