Wednesday 29 September 2021

Reuters Business: S&P 500, Dow gain amid inflation concerns, debt ceiling debate

S&P 500, Dow gain amid inflation concerns, debt ceiling debate

Wall Street ended firmer on Wednesday in a partial rebound from the previous day's broad sell-off, with remarks from U.S. Federal Reserve Chairman Jerome Powell and the ongoing debt ceiling debate keeping a lid on gains.

SocGen to pay $1.5 mln civil fine to settle U.S. CFTC charges

Société Générale S.A. has agreed to pay $1.5 million to settle U.S. Commodity Futures Trading Commission charges of failing to comply with certain swap dealer requirements, the agency said on Wednesday.

Wall Street closes up amid inflation concerns, debt ceiling debate

Wall Street ended firmer on Wednesday in a partial rebound from the previous day's broad sell-off, with remarks from U.S. Federal Reserve Chairman Jerome Powell and the ongoing debt ceiling debate keeping a lid on gains.

CEO of VW's truck unit Traton replaced by Scania boss

The chief executive of Volkswagen's truck unit Traton , Matthias Gruendler, will leave the business and will be replaced by the head of Traton subsidiary Scania, Christian Levin, who will lead both businesses.

Global energy shortage or a coincidence of regional crises?

Gasoline stations running dry in Britain. Power costs surging in the European Union ahead of winter. Forced restrictions on energy use in China. And rising prices for oil, natural gas and coal.

Fed's Daly sees taper bar met by year end, no rate hike in 2022

San Francisco Federal Reserve Bank President Mary Daly on Wednesday said she feels the U.S. central bank will be able to begin reducing the pace of its monthly asset purchases by year end, but believes an interest rate hike is still a "long way" away.

Boeing wins follow-on contract valued up to $23.8 bln from U.S. Defense Department

Boeing Co said on Wednesday the U.S. Department of Defense had awarded it a follow-on contract valued at up to $23.8 billion to provide services to a fleet of C-17 Globemaster III transport aircraft over a 10-year period.

Wall Street churns higher as bond yields pause, debt ceiling debate persists

Wall Street seesawed in choppy trading on Wednesday, regaining some of the ground lost in the previous session's broad sell-off although initial gains were capped by concern over remarks from U.S. Federal Reserve Chairman Jerome Powell and the ongoing debt ceiling debate.

Walgreens weighing deal to buy Evolent Health - Bloomberg News

Pharmacy chain Walgreens Boots Alliance Inc is considering an acquisition of healthcare IT firm Evolent Health Inc , Bloomberg News reported on Wednesday, citing people familiar with the matter.

EXCLUSIVE U.S. official in charge of policing corporate crime leaving Justice Dept

Long-time U.S. Department of Justice official Daniel Kahn, who oversaw high-profile bribery cases against French energy company Alstom SA and Brazilian construction conglomerate Odebrecht SA, is leaving government for the private sector, a source told Reuters.

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