Friday 23 July 2021

Reuters Business: Wall Street surges to all-time closing high on earnings, economic revival

Wall Street surges to all-time closing high on earnings, economic revival

Wall Street gained ground for the fourth straight session on Friday, extending a rally that pushed all three major U.S. stock indexes to record closing highs as upbeat earnings and signs of economic revival fueled investor risk appetite.

Former Virgin Galactic CEO to fly to space - CNBC

Former chief executive officer of Virgin Galactic Holdings (SPCE.N), George Whitesides, will fly to space on the aerospace company's next test spaceflight, CNBC reported on Friday.

Wall Street notches record closing high on earnings, economic strength

Wall Street gained ground for the fourth straight session on Friday, extending a rally that pushed all three major U.S. stock indexes to record closing highs as upbeat earnings and signs of economic revival fueled investor risk appetite.

EV startup Rivian announces $2.5 bln funding round led by Amazon, Ford

Electric car startup Rivian said on Friday it has closed a $2.5 billion fundraising round led by investors Amazon.com Inc (AMZN.O), Ford Motor Co (F.N) and T. Rowe Price.(TROW.O)

Tesla lobbies India for sharply lower import taxes on electric vehicles - sources

Tesla Inc (TSLA.O) is likely to set up a factory in India if successful with imported vehicles, Chief Executive Elon Musk said on Twitter, after the company wrote to Indian ministries seeking a big reduction in import duties on electric vehicles, according to two sources with knowledge of the matter.

U.S. Treasury Secretary Yellen warns Congress on debt limit

U.S. Treasury Secretary Janet Yellen urged lawmakers on Friday to increase or suspend the nation's debt limit as soon as possible and warned that if Congress does not act by Aug. 2 the Treasury Department would need to take "extraordinary measures" to prevent a U.S. default.

Wall St Week Ahead Big tech companies retake market reins with earnings on tap

The rally on Wall Street faces a fresh test next week with a flood of earnings reports from major U.S. companies, including the tech and internet behemoths that have recently retaken leadership of the market.

Wall Street extends rally, S&P, Nasdaq on course for record closing highs

Wall Street rallied for the fourth consecutive session on Friday, with the S&P 500 and the Nasdaq on track for record closing highs as upbeat earnings put investors in a buying mood.

Global supply chains buckle as virus variant and disasters strike

A new worldwide wave of COVID-19. Natural disasters in China and Germany. A cyber attack targeting key South African ports.

Beijing tutoring crackdown slams U.S.-listed Chinese stocks

Fears of increased of regulation from Beijing crushed U.S.-listed Chinese stocks on Friday following a Chinese government crackdown on private educators.

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