Wednesday 25 August 2021

Reuters Business: S&P 500, Nasdaq notch all-time closing highs ahead of Jackson Hole

S&P 500, Nasdaq notch all-time closing highs ahead of Jackson Hole

Wall Street gained ground again on Wednesday, with chipmakers and financials helping to push the S&P 500 and the Nasdaq to record closing highs as investors look to the upcoming Jackson Hole Symposium for assurances that Federal Reserve's timeline for policy tightening remains intact.

Kroger plans for 1 million Covid-19 booster shots a week, including in nursing homes

U.S. grocery chain Kroger Co is gearing up to administer 1 million COVID-19 booster shots a week once they are available to the general public, and plans to offer vaccines in nursing homes for those who cannot go to its stores.

Salesforce beats quarterly revenue estimates on hybrid work demand

Business software maker Salesforce.com Inc beat Wall Street estimates for quarterly revenue on Wednesday, as the pandemic-led shift to hybrid work fueled demand for its cloud-based software.

The S&P 500 nabs another all-time closing high ahead of Jackson Hole

Wall Street gained ground on Wednesday, with chipmakers and financials helping to push the S&P 500 and the Nasdaq to record closing highs as investors look to the upcoming Jackson Hole Symposium for assurances that Federal Reserve's timeline for policy tightening remains intact.

Purdue Pharma bankruptcy judge to rule Friday on opioid settlement

A U.S. judge in the Purdue Pharma bankruptcy case expects to rule on Friday on the OxyContin maker's request to approve its settlement of opioid-related litigation.

Afghanistan's banks brace for bedlam after Taliban takeover

Afghanistan's banks, critical to the country's recovery from crisis, are facing an uncertain future say its bankers, with doubts over everything from liquidity to employment of female staff after the Taliban swept to power.

Air Canada mandates COVID-19 vaccination for all employees

Air Canada said on Wednesday it would require all employees to get vaccinated against COVID-19, as the fast-spreading Delta variant drives an increase in infections.

Cyber threats top agenda at White House meeting with Big Tech, finance executives

The White House asked Big Tech, the finance industry and key infrastructure companies to do more to tackle the growing cybersecurity threat to the U.S. economy in a meeting with President Joe Biden and members of his cabinet on Wednesday.

Wall Street drifts toward record closing highs in risk-on session

Wall Street advanced on Wednesday, with chipmakers and financials setting the S&P 500 and the Nasdaq on course to once again cinch all-time closing highs as investors look to the upcoming Jackson Hole Symposium for clues regarding the Federal Reserve's timeline for policy tightening.

OnlyFans reverses ban on posting 'sexually explicit' content

OnlyFans, an online subscription platform known for adult content, on Wednesday scrapped its planned policy that would have prohibited users from posting any material containing "sexually explicit conduct."

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