Thursday, 14 October 2021

Reuters Business: S&P 500 surges, biggest daily percentage rise since March on earnings, data

S&P 500 surges, biggest daily percentage rise since March on earnings, data

The S&P 500 jumped on Thursday, its biggest daily percentage advance since early March, as companies including Morgan Stanley and UnitedHealth climbed following strong results, while data on the labor market and inflation soothed fears over the outlook for higher rates.

U.S. port's supply chain fix challenge: selling 24/7 shifts

The Port of Los Angeles is beginning the hard work of convincing terminal operators, importers, warehouses owners and trucking firms to embrace moving more cargo at night.

Maker of plane parts Boeing calls flawed supplied Spirit, others - sources

An Italian sub-contractor at the centre of the latest snags to emerge on Boeing's 787 Dreamliner has worked for a broad set of aerospace companies including Spirit AeroSystems , according to industry sources and documents.

Verizon says majority of U.S. employees must be vaccinated

Verizon Communications Inc said on Thursday the majority of its U.S. workforce must show proof of vaccination against COVID-19 under President Joe Biden's federal contractor executive order.

EXCLUSIVE Senator Cotton delays vote on Biden's pick for powerful China job at Commerce

Republican Senator Tom Cotton is holding up a vote to confirm Alan Estevez as the U.S. Commerce Department's undersecretary for industry and security until he gets answers to difficult questions about technology exports to China.

Wall St ends up sharply as earnings, economic data lift optimism

U.S. stocks surged on Thursday as companies including Morgan Stanley and UnitedHealth gained following strong results, while data on the labor market and inflation soothed worries about the outlook for higher rates.

Canada, citing Buy American fears, says it might limit U.S. procurement opportunities

Canada has told the Biden administration it might limit U.S. companies' ability to win Canadian procurement contracts if Washington brings in tougher "Buy American" rules, the Canadian finance minister said on Thursday.

U.S. banks beat profit estimates on economic rebound, deals bonanza

The four largest U.S. consumer banks posted another strong quarter this week as the rebounding economy allowed them to release more cash they had set aside for pandemic losses, while sizzling deals, equity financing and trading also boosted their bottom lines.

Wall St jumps as earnings, economic data lift optimism

U.S. stocks surged on Thursday as companies including Bank of America and UnitedHealth gained following strong results, while data on the labor market and inflation soothed worries about the outlook for higher rates.

U.S. urges Russia to do more for European energy security

U.S. Deputy Secretary of State Wendy Sherman, in a meeting with Russian Deputy Prime Minister Aleksey Overchuk on Thursday, called on Russia to "do more to ensure European energy security," the U.S. State Department said.

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