Tuesday, 7 September 2021

Reuters Business: Oil slides on demand concerns, strong dollar

Oil slides on demand concerns, strong dollar

Oil prices fell on Tuesday, pressured by a strong U.S. dollar and concerns about weak demand in the United States and Asia, although ongoing production outages on the U.S. Gulf Coast capped losses.

S&P 500 closes down, Big Tech lifts Nasdaq to record high

The S&P 500 closed lower on Tuesday while the Nasdaq edged up to a record high, as investors balanced worries about the slowing pace of economic recovery with expectations that the Federal Reserve will maintain its accommodative monetary policy.

Shareholders may pursue some 737 MAX claims against Boeing board

A Delaware judge ruled on Tuesday that Boeing's board of directors must face a lawsuit from shareholders over two fatal 737 MAX crashes that killed 346 people in less than six months.

S&P 500 ends down, Big Tech lifts Nasdaq to record

The S&P 500 closed lower on Tuesday while the Nasdaq reached a record high, as investors balanced worries about the slowing pace of economic recovery with expectations that the Federal Reserve will maintain its accommodative monetary policy.

Wall Street falls on worries over slowing economic recovery

The Dow Jones and S&P 500 fell on Tuesday, as worries over the slowing pace of economic recovery overshadowed hopes that the Federal Reserve would maintain its accommodative stance a little longer after a soft U.S. payrolls report.

Ford poaches Apple's car project chief Doug Field

The head of Apple Inc's car project, Doug Field, is going to work for Ford Motor Coto lead the automaker's advanced technology and embedded systems efforts, a hiring coup for Ford Chief Executive Jim Farley.

S&P 500, world equity index retreat as economic worries weigh

U.S. shares were mixed and global equities retreated from record highs on Tuesday as investors balanced mounting worries over the slowing pace of economic recovery and hopes the Federal Reserve will delay tapering its bond purchases.

Big Tech fuels Nasdaq record, S&P 500 dips

The S&P 500 fell on Tuesday while the Nasdaq hit a record high, as investors balanced worries about the slowing pace of economic recovery with expectations that the Federal Reserve will maintain its accommodative monetary policy.

White House: U.S. states to decide whether to extend lapsed jobless benefits

Local officials who want to extend enhanced unemployment benefits can do so, the White House said on Tuesday, a day after the administration and U.S. Congress allowed a program to lapse which had boosted payments during the COVID-19 pandemic.

BoE scraps requirement for staff to be in the office weekly from September

The Bank of England on Tuesday said it would no longer require staff to come back to the office at least once a week from September, citing health concerns among of some of its employees.

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