Thursday, 2 September 2021

Reuters Business: S&P, Nasdaq edge to record closes, energy stocks buoyant

S&P, Nasdaq edge to record closes, energy stocks buoyant

The S&P 500 and Nasdaq eked out record finishes on Thursday, while the Dow also posted a modest gain, as higher commodity prices helped energy names recover ground and the latest jobs data left investors unfazed about existing positions.

Exclusive: Reddit seeks to hire advisers for U.S. IPO -sources

Reddit Inc, the operator of online message boards that became the go-to destination for day traders chasing this year's frenzy for so-called 'meme' stocks, is seeking to hire investment bankers and lawyers for an initial public offering (IPO) in New York, two people familiar with the matter said on Thursday.

Broadcom forecasts upbeat current-quarter sales on 5G bet

Broadcom Inc forecast fourth-quarter revenue above Wall Street expectations on Thursday, betting on strong demand for its semiconductors from the adoption of 5G technology and a shift to hybrid work models.

U.S. pegs farm income at eight-year high amid strong corn, soy prices

U.S. farmers' net income is projected to jump 19.5% this year to an eight-year high of $113 billion, the U.S. Department of Agriculture said on Thursday in a sharp reversal from a February forecast for a decline in profits.

Nasdaq ekes out record finish as Wall St ends higher

The S&P 500 and Nasdaq squeaked to record highs as Wall Street's main indexes all ended Thursday in positive territory, with higher commodity prices helping energy names recover ground and the latest jobs data leaving investors unfazed from existing positions.

Exclusive: Amazon to remove more content that violates rules from cloud service, sources say

Amazon.com Inc plans to take a more proactive approach to determine what types of content violate its cloud service policies, such as rules against promoting violence, and enforce its removal, according to two sources, a move likely to renew debate about how much power tech companies should have to restrict free speech.

S&P 500 advances on boost from oil stocks, Nasdaq retreats

The S&P 500 advanced on Thursday as higher commodity prices helped energy names recover ground, while the Nasdaq slipped off an earlier record high, which had been driven by heavyweight technology companies.

Hyundai's luxury brand Genesis to be all-electric by 2030

Hyundai Motors' (005380.KS) Genesis said on Thursday it would phase out all gas-powered cars by the end of the decade and that its luxury vehicles debuting 2025 onwards will run on fuel cells and batteries.

U.S. bars Virgin Galactic rocket plane flights pending mishap probe

The Federal Aviation Administration (FAA) on Thursday barred Virgin Galactic from flying its SpaceShipTwo until the agency approves its final mishap investigation report from its July flight or determines the issues do not affect public safety.

EXCLUSIVE Western Union resuming services to Afghanistan - senior exec

Western Union Co is resuming money-transfer services to Afghanistan, a senior executive told Reuters on Thursday, a decision he said was in line with a U.S. push to allow humanitarian activity to continue after the Taliban's takeover.

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