Friday 17 September 2021

Reuters Business: U.S. NTSB to probe fatal Tesla crash in Florida

U.S. NTSB to probe fatal Tesla crash in Florida

The U.S. National Transportation Safety Board (NTSB) will send a team to investigate a fatal Sept. 13 Tesla crash in Coral Gables, Florida, it said on Friday.

Wall Street closes rollercoaster week sharply lower

U.S. stocks ended sharply lower in a broad sell-off on Friday, ending a week buffeted by strong economic data, corporate tax hike worries, the Delta COVID variant, and possible shifts in the U.S. Federal Reserve's timeline for tapering asset purchases.

U.S. senator concerned American, JetBlue partnership will raise prices

U.S. Senator Richard Blumenthal, a Democrat who has been outspoken on antitrust issues, expressed concern to the Transportation Department on Friday that a partnership between American Airlines and JetBlue Airways would lead to higher airfares.

Wall Street ends rollercoaster week sharply lower

U.S. stocks closed sharply lower in a broad sell-off on Friday, ending a week buffeted by strong economic data, corporate tax hike worries, the Delta COVID variant, and possible shifts in the U.S. Federal Reserve's timeline for tapering asset purchases.

Amid COVID surge, states that cut benefits still see no hiring boost

The August slowdown in U.S. job creation hit harder in states that pulled the plug early on enhanced federal unemployment benefits, places where an intense summertime surge of coronavirus cases may have held back the hoped-for job growth.

Shares fall on fears over China, U.S. taxes, central bank policy

World shares fell on Friday, pressured by concerns over China's markets, the potential for a U.S. corporate tax hike and an update on the U.S. Federal Reserve's tapering strategy next week.

U.S. banking lobby groups oppose proposed tax reporting law

The largest U.S. banking lobby groups banded together on Friday to make another push to kill a proposed bank account reporting law being drawn up as part of the congressional reconciliation package.

Barra: GM will make 'substantial shifts' in supply chain over chips

General Motors Co Chief Executive Mary Barra said Friday the largest U.S. automaker plans to make changes in its supply chain as it works to address the continuing semiconductor chip crisis that has forced significant production cuts.

Wall St Week Ahead Growth? Value? Some investors opt for a bit of both

Some investors are playing this year's tug of war between so-called growth and value stocks by owning companies that straddle the line between the two categories, as uncertainties mount over the U.S. economy's trajectory in the months ahead.

Wall Street slides, ending seesaw week in a risk-off mood

Wall Street slid on Friday in a broad sell-off, rounding out a topsy-turvy week in which investors juggled signs of economic strength with concerns over corporate tax increases, stress from the Delta COVID variant, and possible shifts in the U.S. Federal Reserve's timeline for tapering asset purchases.

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