Thursday, 21 October 2021

Reuters Business: Dollar rebounds after improving jobs, housing data

Dollar rebounds after improving jobs, housing data

The dollar gained on Thursday against a basket of currencies, erasing earlier losses, boosted by better jobs and housing data, and as U.S. Treasury yields rose.

IBM weighs on the Dow; Nasdaq and S&P gain ground

The Dow was weighed down on Thursday by a collapse in IBM shares after a disappointing quarterly report, but the Nasdaq gained and the S&P 500 index touched a record high with help from high-profile stocks such as Tesla Inc .

EXCLUSIVE Governments turn tables on ransomware gang REvil by pushing it offline

The ransomware group REvil was itself hacked and forced offline this week by a multi-country operation, according to three private sector cyber experts working with the United States and one former official.

Walmart's Mexico unit says quarterly net profit up 20%

Walmart's Mexico unit on Thursday said its third quarter net profit rose more than 20% compared with the year before, reaching 11 billion pesos ($535.3 million).

Hedge funds score unprecedented gains on Trump's SPAC deal

Hedge funds that invested in the blank-check acquisition company that made a $875 million deal to merge with former U.S. President Donald Trump's new social media venture are set to make five times their investment, regulatory filings show.

The Fed has new investment rules for officials. What's in them?

The U.S. Federal Reserve on Thursday banned individual stock purchases by top officials at the central bank and unveiled a broad set of other restrictions on their investing activities roughly six weeks after reports of active trading by some senior policymakers triggered an ethics uproar.

Chipotle sales surge as people return to try new menu items

Chipotle Mexican Grill Inc beat estimates for quarterly same-store sales on Thursday as COVID-19 vaccinations and its new menu items encouraged more people to dine out at its restaurants despite higher prices.

Snap shares drop 25% as revenue falls short, Apple privacy bites ads business

Snap Inc on Thursday fell short of Wall Street estimates for quarterly revenue as the company said privacy changes implemented by Apple Inc on iOS devices hurt the company's ability to target and measure its digital advertising, sending its shares down 25%.

Macquarie Asset Management to acquire Central Park Group

Australia's Macquarie Group Ltd said on Thursday its asset management division has agreed to acquire investment advisory firm Central Park Group to expand in the U.S. wealth management market.

Not this year, Mr. Grinch: Mattel brushes off Christmas supply worries

Mattel Inc on Thursday raised its 2021 sales forecast, saying it would overcome industry-wide shipping disruptions to ring in a strong holiday season steered by Barbie and Hot Wheels, sending its shares up 6% in extended trading.

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