Thursday, 9 September 2021

Reuters Business: Wall Street ends down after jobless claims hit 18-month low

Wall Street ends down after jobless claims hit 18-month low

Wall Street ended lower on Thursday after weekly jobless claims fell to a near 18-month low, allaying fears of a slowing economic recovery, but also stoking worries the Fed could move sooner than expected to scale back its accommodative policies.

GM's pickup money machine gets a technology tuneup

General Motors Co will give its best-selling Chevrolet Silverado large pickup truck models a makeover next spring to fix competitive shortcomings that have left Chevy in third place in one of the most lucrative vehicle market segments in the world.

Nielsen CEO defends company amid escalating criticism from TV industry

Nielsen's chief executive defended the company Thursday, as the ratings behemoth comes under renewed fire from the TV industry and faces questions about the accuracy of a system through which $60 billion of advertising is bought and sold.

Dollar drops with US yields, euro buoyed as ECB trims emergency support

The dollar dipped on Thursday as Treasury yields fell after the U.S. government saw strong demand for a sale of 30-year bonds, while the euro was supported after the European Central Bank said it would trim emergency bond purchases over the coming quarter.

New Biden plan could mandate COVID shots or tests for two-thirds of U.S. workers

President Joe Biden will require all federal employees to get vaccinated against COVID-19 and the U.S. Department of Labor will issue a rule requiring businesses with more than 100 employees to have their workers vaccinated or tested weekly, officials said on Thursday.

JPMorgan Chase to buy Zagat owner - source

JPMorgan Chase & Co has reached a deal to buy the Infatuation, the company behind restaurant review brand Zagat, a person familiar with the matter said on Thursday.

GameStop shares subdued on lack of rejig details

Shares in GameStop Corp carved out a tiny gain on Thursday after dropping as much as 10.5% earlier in the session even as the video game retailer's silence on its turnaround plan led its army of individual investors to question the meteoric rise in its share price this year.

U.S. FDA delays decision on Juul e-cigarettes

The U.S. Food and Drug Administration said on Thursday it needs more time to decide whether e-cigarette maker Juul Labs Inc and other major manufacturers can sell their products in the United States.

As 'buy now, pay later' surges, a third of U.S. users fall behind on payments

A third of U.S. consumers who used "buy now, pay later" services have fallen behind on one or more payments, and 72% of those said their credit score declined, a new study published by personal finance company Credit Karma showed.

White House targets 20% lower aviation emissions by 2030

The White House on Thursday said it is targeting 20% lower aviation emissions by 2030, as airlines facing pressure to lower their carbon footprint promised to use more sustainable aviation fuel.

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