Wednesday 21 July 2021

Reuters Business: Wall Street ends higher, powered by robust earnings, economic cheer

Wall Street ends higher, powered by robust earnings, economic cheer

Wall Street stocks posted their second straight daily gain on Wednesday, with robust corporate earnings and renewed optimism about the U.S. economic recovery fueling a risk-on rally.

U.S. judge narrows focus of antitrust suit over $30 bln Aon-Willis merger

A federal judge has narrowed the scope of a U.S. Department of Justice lawsuit blocking the proposed $30 billion merger of insurance brokers Aon PLC (AON.N) and Willis Towers Watson PLC (WTY.F), allowing the companies to finalize remedies for three of five issues raised by the antitrust regulator.

Texas Instruments current-quarter sales forecast slightly below estimates

Texas Instruments Inc (TXN.O) forecast current-quarter revenue slightly below Wall Street estimates on Wednesday, hit by concerns that a shortage of chip components and other prolonged supply constraints could hamper sales.

Wall Street ends higher, powered by strong earnings, economic cheer

Wall Street clinched its second straight advance on Wednesday, as robust corporate earnings and renewed optimism about the U.S. economic recovery fueled investor risk appetite.

Tesla will 'most likely' restart accepting bitcoin as payments, says Musk

Electric-car maker Tesla Inc (TSLA.O) will most likely restart accepting bitcoin as payments once it conducts due diligence on the amount of renewable energy used to mine the currency, Chief Executive Officer Elon Musk said at a conference on Wednesday.

GM will cut truck production amid semiconductor shortage

General Motors Co (GM.N) said Wednesday it will cut some truck production in North America because of the ongoing global semiconductor shortage.

Coca-Cola leans on early pandemic lessons to prepare for Delta variant hit

Coca-Cola Co (KO.N) will rely on its pandemic-tested strategy of focusing on bigger brands and doubling down on its supply chain to combat a potential impact from the Delta variant of the coronavirus, its finance chief said on Wednesday.

Wall Street extends rally on strong earnings, economic optimism

Wall Street advanced on Wednesday for the second straight day, as strong corporate earnings and renewed optimism about the U.S. economic recovery stoked investor risk appetite.

EU rejects UK demand for new post-Brexit deal on Northern Ireland

Britain demanded on Wednesday that the European Union agree to rewrite a deal overseeing problematic post-Brexit trade involving Northern Ireland just a year after it was agreed with the bloc, a call immediately rejected by Brussels.

Wall Street rises on earnings strength, recovery cheer

U.S. stock indexes rose on Wednesday as upbeat quarterly results from companies including Verizon and Coca-Cola reignited optimism about the health of corporate America.

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