Monday, 18 October 2021

Reuters Business: S&P, Nasdaq enjoy boost from big tech firms, Dow ends a hair lower

S&P, Nasdaq enjoy boost from big tech firms, Dow ends a hair lower

The S&P and Nasdaq closed higher on Monday with the biggest boosts from the highest-profile technology and communications companies while investors eyed product news from Apple Inc and appeared optimistic about the third-quarter earnings season.

U.S. SEC praises equity market structure, absolves short sellers in GameStop report

The U.S. markets functioned well during January's GameStop volatility, while short selling was not the main cause of the unprecedented rise in the 'meme stock,' according to a long-awaited Securities and Exchange Commission (SEC) report.

Why did the SEC release a report on GameStop?

The U.S. Securities and Exchange Commission on Monday released a report examining the frenzied trading in shares of retailer GameStop Corp , and other 'meme' stocks, in January, and recommended some areas for further regulatory consideration.

Apple doubles down on chip strategy with new premium-priced MacBooks

Apple Inc on Monday announced two new MacBook Pro models that run on more powerful in-house chips, furthering its break from previous supplier Intel Corp and showing its strategy for setting its machines apart from the rest of the PC industry.

S&P, Nasdaq enjoy boost from big tech firms, Dow dips

The S&P and Nasdaq closed higher on Monday with boosts from the highest-profile technology and communications companies while investors eyed product news from Apple Inc and appeared optimistic about the third-quarter earnings season.

Dollar edges lower after weak U.S. factory production data

The dollar dipped on Monday after data showed production at U.S. factories fell by the most in seven months in September, erasing earlier gains on expectations that the Federal Reserve may be closer to raising interest rates than previously expected.

Biden advisor says carbon fee on the table for climate policy

U.S. lawmakers are considering carbon pricing measures to slash climate-warming emissions, a top White House adviser said on Monday, as Democrats may be forced to drop a key part of the spending bill on curbing global warming after opposition from centrist Democrat Senator Joe Manchin.

U.S. reviews sanctions policy, warns of threat from cryptocurrencies

President Joe Biden's administration on Monday announced a set of recommendations to revamp its use of economic sanctions to make them a more effective tool of U.S. foreign policy but warned that more had to be done to protect against the threat posed by the rise of cryptocurrencies.

Embraer and Fokker join up for defense, development and support opportunities

Brazilian planemaker Embraer SA and Dutch aerospace companies signed an agreement on Monday to explore opportunities in defense and commercial aviation, including potential new configurations for its C-390 military transport plane.

U.S. stagflation fears overblown, bond market investors say at Milken Conference

Worries that the U.S. economy is heading into stagflation are overblown, several high-profile bond market investors said Monday at the 2021 Milken Global Conference program.

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