Tuesday, 24 August 2021

Reuters Business: Wall St extends rally, pushing S&P 500 to 50th all-time high close this year

Wall St extends rally, pushing S&P 500 to 50th all-time high close this year

Wall Street ended higher in a late-summer, light volume rally on Tuesday as the FDA's full approval of a COVID-19 vaccine on Monday and the absence of negative catalysts kept risk appetite alive ahead of the much-anticipated Jackson Hole Symposium.

Regulators reject insider trading suspicions in Aston Martin, Daimler shares -FT

Financial regulators looked into suspicions of insider trading in carmakers Daimler and Aston Martin shares but found no evidence of wrongdoing, the Financial Times reported late on Tuesday.

Nordstrom raises revenue forecast as customers return to stores

Nordstrom Inc raised its fiscal 2021 revenue forecast on Tuesday, as Americans buy more apparel and footwear at its stores following the easing of coronavirus restrictions.

Wall St advances, pushing S&P 500 to 50th record high close this year

Wall Street ended higher in a late-summer, light volume rally on Tuesday as the FDA's full approval of a COVID-19 vaccine on Monday and the absence of negative catalysts kept risk appetite alive ahead of the much-anticipated Jackson Hole Symposium.

FTC urges judge to unwind $7.1 bln Illumina-Grail merger

The U.S. Federal Trade Commission on Tuesday said it seeks to unwind life science company Illumina Inc's $7.1 billion acquisition of Grail Inc , alleging it would harm innovation and boost prices.

Apollo seeks $500 million fund to invest in SPACs -sources

Apollo Global Management Inc is raising $500 million for a fund to invest in special purpose acquisition companies (SPACs), the buyout firm's latest move to capitalize on the investment trend, people familiar with the matter said on Tuesday.

UPS mandates COVID-19 vaccination for employees in some U.S. locations

United Parcel Service Inc said on Tuesday it would require employees in certain U.S. locations to be vaccinated when they return to the office, as COVID-19 cases rise across the United States due to the fast-spreading Delta variant.

Tim Hortons China to create local unit to address data crackdown

Tim Hortons China will create a separate entity of the coffee and fast-food chain to safeguard customer data, the blank check firm, through which it aims to list in the United States, said.

EXCLUSIVE ConocoPhillips-backed Solaris readies IPO with sustainability pitch -sources

ConocoPhillips -backed Solaris Midstream Holdings LLC, the water pipeline company serving the U.S. oil and gas fracking industry, is preparing for an initial public offering (IPO) that it hopes will attract sustainability-focused investors, according to people familiar with the matter.

S&P 500, Nasdaq set for all-time closing highs as markets coast on vaccine hopes

Wall Street advanced in a late-summer, light volume session on Tuesday as an absence of negative catalysts kept risk appetite alive ahead of the much-anticipated Jackson Hole Symposium.

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