Friday, 15 October 2021

Reuters Business: Wall St ends up with Goldman; Dow posts biggest weekly rise since June

Wall St ends up with Goldman; Dow posts biggest weekly rise since June

U.S. stocks rose on Friday and the Dow scored its biggest weekly percentage gain since June, as Goldman Sachs rounded out a week of strong quarterly earnings for the big banks.

Square CEO Dorsey says looking to build a bitcoin mining system - tweet

Fintech firm Square Inc Chief Executive Officer Jack Dorsey said on Friday that the company is looking to build a bitcoin mining system based on custom silicon and open source for individuals as well as businesses.

Wall St ends higher as Goldman rounds out parade of strong bank results

U.S. stocks ended higher on Friday after Goldman Sachs became the latest big bank to report strong quarterly earnings, and Wall Street's three major indexes posted gains for the week.

U.S. should not have charged former Boeing chief technical pilot -lawyer

A former Boeing chief technical pilot should not have been charged with fraud by U.S prosecutors and is not responsible for two fatal 737 MAX crashes that killed 346 people, his lawyer said on Friday.

Head of largest California union arrested on charges of grand theft, tax fraud

The head of California's largest union was arrested on Friday, a day after the prominent activist was charged with grand theft and tax fraud.

UK's Johnson invites Bill Gates, JPMorgan's Dimon, others to dinner -The Telegraph

UK Prime Minister Boris Johnson will host a dinner with world business leaders, including Bill Gates and JPMorgan Chase & Co Chief Executive Officer Jamie Dimon, The Telegraph reported on Friday.

Aero supplier Spirit says it took action over parts obtained indirectly from MPS

Spirit AeroSystems said on Friday it did not buy parts directly from an Italian sub-contractor under scrutiny over flawed parts on Boeing's 787 Dreamliner, but had taken action over parts Spirit had purchased indirectly.

Wall St climbs after week of strong bank results; market set for weekly gains

U.S. stocks rose on Friday as Goldman Sachs was the latest big bank to report strong results and better-than-expected retail sales eased worries about demand.

FIFA to expand gaming and e-sports portfolio

World soccer's governing body FIFA said on Friday that it will widen its gaming and e-sports portfolio to ensure that controlling rights don't lie in the hands of one party.

Spanish bank Sabadell to cut up to 1,605 jobs, union says

Spanish bank Sabadell has reached an agreement with unions to lay off up to 1,605 employees in its home market, fewer than the initially planned more than 1,900, the leading union Comisiones Obreras (CCOO) said on Friday.

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