Monday 23 August 2021

Reuters Business: Wall Street gains, Nasdaq notches record closing high on full vaccine approval

Wall Street gains, Nasdaq notches record closing high on full vaccine approval

Energy and technology stocks powered the S&P 500 and the Nasdaq to record highs on Monday as investors returned to riskier assets after last week's selloff and Pfizer-BioNtech's COVID-19 vaccine got full U.S. approval.

EXCLUSIVE SEC gives Chinese companies new requirements for U.S. IPO disclosures

The U.S. Securities and Exchange Commission (SEC) has started to issue new disclosure requirements to Chinese companies seeking to list in New York as part of a push to boost investor awareness of the risks involved, according to a document reviewed by Reuters and people familiar with the matter.

EXCLUSIVE Ford doubles Lightning production target on strong pre-launch demand -sources

Ford Motor Co has doubled its production target for the F-150 Lightning because of strong early demand for the full-sized electric pickup truck ahead of its 2022 launch, and the company plans to spend an additional $850 million to meet that target, several people and suppliers familiar with the plans said.

Fed's Jackson Hole shift shows Delta variant's ability to skew plans

Health officials in Teton County, Wyoming, announced last Thursday what was in part an administrative change, swapping a local five-point index for assessing COVID-19 risk for a four-point scale used by the U.S. Centers for Disease Control and Prevention.

Wall Street analysts bet on Robinhood's potential to add users

Wall Street analysts on Monday took a largely upbeat view on Robinhood Markets Inc in their first ratings on the stock as they bet on the online brokerage's ability to boost its user base, days after it warned of easing retail trading frenzy.

Equities gain, U.S. dollar falls; Fed seen less eager to taper

Global equity markets rose while the U.S. dollar dipped on Monday as investors grew less concerned that the Federal Reserve would soon begin changing its accommodative monetary stance.

Didi suspends UK launch plans amid China's crackdown on tech firms -Telegraph

China's ride-hailing giant Didi Global Inc has suspended its plans to launch in Britain and continental Europe, The Telegraph reported on Monday, against the backdrop of a regulatory backlash at home over data privacy.

EXCLUSIVE EU considers help for rare earth magnet production - sources

The EU is working on proposals to jump-start home output of a type of specialist magnet vital in electric car motors by offering support to local producers so they can compete with Chinese rivals, sources close to the situation said.

U.S. report finds multiple problems with Keystone pipeline

A U.S. government watchdog found multiple problems with the construction, manufacture and design of the Keystone pipeline, validating President Joe Biden's decision to revoke the permit for a Keystone XL extension, leaders of several House Democratic committees said on Monday.

Are lithium-ion batteries in EVs a fire hazard?

General Motors Co has expanded the recall of its Chevrolet Bolt electric vehicles due to a risk of fire from the pouch-type lithium-ion battery cells made by South Korea's LG.

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