Monday, 12 July 2021

Reuters Business: Wall Street closes at record highs, lifted by Tesla

Wall Street closes at record highs, lifted by Tesla

Wall Street's main indexes closed at their highest levels ever on Monday, lifted by Tesla and bank stocks as investors eyed the start of the second-quarter earnings season and a batch of economic data.

Greensill Capital paid David Cameron salary of over $1 million a year -FT

Collapsed finance group Greensill Capital paid a salary of more than $1 million a year to former British Prime Minister David Cameron, the Financial Times reported on Monday, citing people familiar with the matter.

Citi to sell Venezuela operations to BNC

Citigroup Inc (C.N) said on Monday it would sell its operations in Venezuela to Banco Nacional de Crédito (BNC).

Stocks hit record; U.S. Treasury yields hover above 5-month lows

A gauge of global stocks closed at a record on Monday and U.S. Treasury yields held above five-month lows touched last week as investors looked for signs on whether the Delta variant of the COVID-19 coronavirus could hamper economic growth.

U.S. asks court to dismiss government appeal of TikTok ruling

The Biden administration on Monday asked a federal appeals court to dismiss the Justice Department's legal challenge to court rulings that barred a Trump-era effort to ban new downloads of Chinese-owned video-sharing app TikTok.

Disney to raise monthly, annual fees for ESPN+

Walt Disney Co (DIS.N) will raise its monthly and annual subscription fees for sports streaming platform ESPN+ in the United States, the company said on Monday.

Billionaire Richard Branson buys stake in space tech fund Seraphim

British billionaire Richard Branson has bought a stake in space tech fund Seraphim Space Investment Trust (IPO-SERA.L) as part of a 178 million-pound ($246.99 million) initial public offering, London-based Seraphim said on Monday.

Tesla lifts Wall Street to close at record highs

Wall Street's main indexes closed at their highest levels ever on Monday, lifted by Tesla and bank stocks as investors eyed the start of the second-quarter earnings season and a batch of economic data.

Dollar edges higher amid pandemic concerns; U.S. inflation data eyed

The dollar climbed across the board on Monday as concerns about the pandemic encouraged investors to seek a safe haven, and as they awaited more clues about the global economic recovery.

LVMH's Moët Hennessy teams up with Campari in wines, spirits e-commerce venture

LVMH's Moët Hennessy (LVMH.PA) and Italy's Campari (CPRI.MI) have agreed to team up to invest in wines and spirits e-commerce companies and create a European ecommerce player in the sector.

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