Friday 30 July 2021

Reuters Business: Wall Street falls with Amazon; S&P 500 posts sixth straight month of gains

Wall Street falls with Amazon; S&P 500 posts sixth straight month of gains

U.S. stocks fell on Friday and registered losses for the week as Amazon.com shares dropped after the company forecast lower sales growth, but the S&P 500 still notched a sixth straight month of gains.

Wall Street declines with Amazon; S&P 500 posts gains for month

U.S. stocks fell on Friday with Amazon.com shares declining after the company forecast lower sales growth, but the S&P 500 still posted a sixth straight month of gains.

Amazon faces more than slowing sales growth: it needs more warehouses

Amazon.com Inc (AMZN.O) needs to spend billions of dollars to expand its warehouse and delivery system, adding pressure to its shares which dropped 7% on Friday after it forecast lower sales growth.

Wall Street declines with Amazon; S&P 500 on track for monthly gain

U.S. stocks were lower in afternoon trading on Friday with Amazon.com falling after it forecast lower sales growth, but the S&P 500 was still on track to post a sixth straight month of gains.

Walmart to require masks for some U.S. retail workers, vaccinations for corporate staff

Walmart Inc (WMT.N) has made it mandatory for its retail workers in U.S. COVID-19 hotspots to wear masks andsaid it required its corporate staff to be vaccinated against the virus.

Airbus production plans expose strategy rift with engine makers

A rift between Airbus (AIR.PA) and engine makers over plans for higher jet output blotted strong aerospace earnings this week, with worries over the supply chain's industrial capacity masking a deeper tug of war over contrasting business strategies.

Aon's looking at up to $1.4 bln in costs over scrapped Willis deal

Insurance broker Aon Plc (AON.N) said on Friday it could have to expend up to $400 million in additional costs tied to the termination of its mega merger deal with Willis Towers Watson , over and above the $1 billion it was required to pay.

Wall St Week Ahead Earnings bounce, bond-yield drop help keep party going for U.S. stocks

A rebound in corporate profits and the recent drop in bond yields are helping to moderate U.S. equity valuations, bolstering the case for owning stocks even as markets stand near records and economic growth is expected to slow.

Credit Suisse chairman doubles down with $1 mln stock purchase

Credit Suisse (CSGN.S) Chairman Antonio Horta-Osorio has bought another 1 million Swiss francs ($1.1 million) worth of shares in the group as he tries to restore order to Switzerland's second-biggest bank.

Monte dei Paschi capital would be wiped out by slump, EU bank stress test shows

All of Monte dei Paschi's capital would be wiped out by a long slump, a European Union stress test of banks showed on Friday, as the Italian lender headed for government-sponsored merger talks with domestic peer UniCredit.

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