Monday 30 August 2021

Reuters Business: S&P, Nasdaq post record closes on dovish Fed taper-talk

S&P, Nasdaq post record closes on dovish Fed taper-talk

The S&P 500 and Nasdaq topped their record closes once again on Monday, bolstered by technology stocks, as last week's dovish comments from the Federal Reserve on tapering its monetary stimulus refocused investors' minds on economic growth.

Zoom expects tepid growth as pandemic boom fades, shares fall

Zoom Video Communications Inc on Monday signaled demand for its video-conferencing service was slowing after a pandemic-driven boom last year, sending its shares tumbling 8% in after-market trading.

Researchers, cybersecurity agency urge action by Microsoft cloud database users

Researchers who discovered a massive flaw in the main databases stored in Microsoft Corp's Azure cloud platform on Saturday urged all users to change their digital access keys, not just the 3,300 it notified this week.

S&P, Nasdaq end at record highs as dovish Fed taper-talk calms investors

The S&P 500 and Nasdaq ended Monday at fresh record highs as investors jumped into technology stocks, taking comfort from the Federal Reserve's dovish comments on tapering in monetary stimulus and what that might mean for the economic recovery.

Fed's Mester not ready to accept recent inflation surge as meeting central bank's goal

Cleveland Federal Reserve Bank President Loretta Mester said on Monday that the U.S. economy is recovering strongly but she is not yet convinced that recent inflation readings will be enough to satisfy the price stability goal the U.S. central bank revamped a year ago.

Uber proposes industry-wide gig worker benefits model in Canada

Uber Technologies Inc on Monday proposed a plan for a flexible benefits fund for app-based ride-hail and food delivery drivers in Canada under which all gig industry players would share data on workers' hours and earnings.

Wall Street gains as dovish Fed eases taper fears

The S&P 500 and Nasdaq moved to fresh record highs on Monday, led by technology stocks, as investors responded positively to the Federal Reserve's dovish comments on tapering in monetary stimulus and what that might mean for the economic recovery.

McDonald's, others consider closing indoor seating amid Delta surge in U.S.

Some U.S. fast-food restaurants are closing indoor seating areas or limiting hours of operation because of the spread of the Delta variant of COVID-19, according to franchisees.

SEC charges broker-dealers, investment advisors over cybersecurity failures

Units of three broker-dealer and investment advisory firms agreed to pay hundreds of thousands of dollars in penalties to settle charges from the U.S. Securities and Exchange Commission (SEC) over cybersecurity failures, the regulator said on Monday.

WTO to examine U.S.-China dispute on grain import quotas

The World Trade Organization said on Monday it would review a long-standing dispute between the China and the United States on Beijing's use of import controls for rice, wheat and corn.

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