Friday, 6 August 2021

Reuters Business: S&P 500, Dow close at record highs as solid jobs data boosts cyclicals

S&P 500, Dow close at record highs as solid jobs data boosts cyclicals

The Dow and the S&P 500 indexes closed at record highs on Friday following a stronger-than-expected jobs report, while investors shrugged off concerns over the Delta variant impacting a nascent economic recovery.

EXCLUSIVE Top cannabis site Leafly in talks to go public via blank-check merger - sources

Top cannabis-focused website Leafly is in talks to merge with blank-check company Merida Merger Corp I in a deal that would value the combined company at more than $530 million, three people familiar with the matter told Reuters.

S&P 500, Dow close at record highs as solid jobs data boosts cyclicals

The Dow and the S&P 500 indexes closed at record highs on Friday following a stronger-than-expected jobs report, while investors shrugged off concerns over the Delta variant impacting a nascent economic recovery.

Binance U.S. CEO Brian Brooks resigns

Brian Brooks, the U.S. chief of major cryptocurrency exchange Binance, said on Friday he had resigned from the role.

Russia hands U.S. investor Calvey 5.5-year suspended sentence

A Russian court on Friday handed U.S. investor Michael Calvey a 5.5-year suspended sentence for embezzlement, a day after finding him guilty, in a case that has rattled Russia's business community.

Dollar rallies toward biggest weekly gain since June

The dollar rose sharply on Friday, boosted by a strong U.S. jobs report toward its biggest weekly gain in seven weeks.

U.S. markets regulator approves Nasdaq proposal to require corporate board diversity

The U.S. Securities and Exchange Commission approved a proposal from stock exchange operator Nasdaq Inc (NDAQ.O) that requires its listed companies to have diverse boards, or explain why they do not.

Amazon orders all U.S. employees to mask up at work

Amazon.com Inc (AMZN.O) has ordered all U.S. employees to wear a mask at work regardless of their vaccination status, as the highly infectious Delta variant of COVID-19 sweeps the country.

Where will yields go? Investors weigh U.S. jobs data against Delta fears

An unexpectedly strong jobs number for July has bolstered the case for investors who believe Treasury yields will head higher over the rest of the year, potentially weighing on an equity rally that has taken stocks to record highs.

Exxon suspended from climate advocacy group it helped form

Exxon Mobil Corp (XOM.N) was suspended from advocacy group Climate Leadership Council (CLC) that looks to make policies to address climate change, the CLC said on Friday.

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