Thursday 29 July 2021

Reuters Business: Wall St rises as earnings lift outlook

Wall St rises as earnings lift outlook

U.S. stocks ended higher on Thursday, boosted by robust U.S. earnings and forecasts, while data showed the economy recovered to pre-pandemic levels in the second quarter.

Uber delays office return, makes vaccination mandatory for U.S. employees

Uber Technologies Inc (UBER.N) is pushing back its back-to-office date to late October globally, and all employees in the United States will have to be fully vaccinated before returning to office, a spokesperson said on Thursday.

Strong COVID-19 drug sales help boost Gilead second-quarter results

Gilead Sciences Inc (GILD.O) on Thursday posted higher second-quarter earnings, helped by strong sales of its COVID-19 antiviral treatment, Veklury, as well as hepatitis drugs.

T-Mobile beats wireless subscriber additions estimates on 5G demand

T-Mobile US Inc (TMUS.O) said on Thursday it added more monthly-bill-paying phone subscribers than expected during the second quarter, helped by higher demand for 5G-related services and devices driven by remote working and learning trends.

Amazon sales to slow in tame start to Jassy's tenure as CEO

Amazon.com Inc (AMZN.O) on Thursday said sales growth would decelerate in the third quarter as customers leave their homes more, a slow start to the reign of CEO Andy Jassy as investors weigh if he can steer the retailer as deftly as Jeff Bezos did for 27 years.

Wall St rises as earnings lift outlook

U.S. stocks ended higher on Thursday, boosted by robust U.S. earnings and forecasts, while data showed the U.S. economy was above its pre-pandemic level.

S&P 500, Dow reach records as earnings lift outlook

The S&P 500 and the Dow rose to record highs on Thursday, boosted by robust U.S. earnings and forecasts, while data showed the U.S. economy was above its pre-pandemic level.

Wall Street roars to record peak on rosy earnings, dollar wilts

U.S. shares bounded to record highs on Thursday helped by strong company earnings and solid economic growth data, though the Federal Reserve's message earlier this week that it is in no hurry to taper stimulus pinned the dollar at a one-month low.

UniCredit in talks with Italy to buy Monte dei Paschi

UniCredit (CRDI.MI) said on Thursday it would hold exclusive talks with Italy's government over Monte dei Paschi (BMPS.MI), a move that could see the Tuscan lender return to private ownership four years after it was rescued by the state.

United Airlines to outsource catering operations from October

United Airlines (UAL.O) said on Thursday it was moving forward with plans to outsource its catering operations following a six-month review, similar to other airlines' strategies.

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