Friday 16 July 2021

Reuters Business: Wall Street ends down as Delta COVID variant drives fears

Wall Street ends down as Delta COVID variant drives fears

Wall Street ended lower on Friday, weighed down by declines in Amazon, Apple and other heavyweight technology stocks, while investors worried about a rise in coronavirus cases tied to the highly contagious Delta variant.

Vineyard Wind strikes labor union pact for U.S. offshore wind farm

Vineyard Wind on Friday announced a deal to use union labor to help construct what will become the nation's first major offshore wind project off the Massachusetts coast near Martha's Vineyard.

Wall Street ends down as Delta variant drives fears

Wall Street ended lower on Friday, weighed down by declines in Amazon, Apple and other heavyweight technology stocks, while investors worried about a rise in coronavirus cases tied to the highly contagious Delta variant.

U.S. officials look to address transportation supply chain issues

U.S. Transportation Secretary Pete Buttigieg is looking at ways to address supply chain disruptions - from clogged ports to addressing the shortage of truck drivers.

Wall Street drops as Delta variant raises fears

Wall Street fell on Friday, weighed down by declines in Amazon and other heavyweights technology stocks, while investors worried about a rise in coronavirus cases tied to the highly contagious Delta variant.

Yellen began Treasury job with flurry of calls and meetings, calendar shows

U.S. Treasury Secretary Janet Yellen began her new job with a packed schedule of calls and meetings with high-powered American political and business leaders and global finance officials, a calendar of her first two months in office shows.

Deutsche Bank's international private bank unit hires seven bankers in Americas

Deutsche Bank's (DBKGn.DE) international private bank (IPB) unit said on Friday it hired seven bankers in the Americas, as it looks to strengthen its business in the region.

Wells Fargo U.S. staff will return to office starting Sept. 7 - memo

Wells Fargo & Co's (WFC.N) U.S. staff working from home will begin returning to office from Sept. 7 and the process will continue through October, Chief Operating Officer Scott Powell told employees on Friday.

Cash-flush Americans lift U.S. retail sales; shortages depress auto purchases

U.S. retail sales unexpectedly increased in June as demand for goods remained strong even as spending is shifting back to services, supporting expectations that economic growth accelerated in the second quarter.

Wall Street edges lower as value, growth stocks fall; defensives gain

Wall Street's main indexes fell on Friday, with growth and value stocks falling as investors turned risk-averse towards the end of the week, while gains in defensive parts of the market kept declines at bay.

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