Tuesday, 19 October 2021

Reuters Business: Wall Street ends higher as investors bet on positive earnings season

Wall Street ends higher as investors bet on positive earnings season

U.S. stock indexes closed higher on Tuesday with the biggest boosts from the technology and healthcare sectors as investors appeared to bet on solid quarterly reports even as some worried that it was too early to celebrate.

White House and Democrats nearing deal on reconciliation package - sources

The White House and Democratic lawmakers are nearing deal on a framework for a major package of legislation on social programs and climate change that could be announced in coming days, according to three sources familiar with the negotiations.

IMF chief economist Gopinath to leave Fund, return to Harvard in January

International Monetary Fund chief economist Gita Gopinath will return to Harvard University in January as planned when her public service leave of absence from the university ends, the IMF said on Tuesday.

'Squid Game' frenzy helps Netflix top subscriber targets

Global interest in Netflix Inc's Korean thriller "Squid Game" lured more new customers than expected in the recent quarter and the world's largest streaming service predicted its coming lineup would boost growth through the end of the year.

Democrats pitch scaled-down U.S. bank tax reporting requirement

U.S. Senate Democrats on Tuesday unveiled a scaled-down version of a proposal to crack down on wealthy tax cheats after intense bank lobbying, although the industry still called the plan onerous and problematic.

Wall Street ends higher as investors bet on positive earnings season

U.S. stock indexes closed higher on Tuesday with the biggest boosts from the technology and healthcare sectors as investors appeared to bet on solid quarterly reports even as some worried that it was too early to celebrate.

Biden to tap No. 2 official to head U.S. auto safety agency

President Joe Biden plans to nominate the No. 2 auto safety official and a former California Air Resources Board official to head the National Highway Traffic Safety Administration (NHTSA), the White House confirmed on Tuesday.

U.S. needs more mines to boost rare earths supply chain, Pentagon says

The United States and ally nations should mine and process more rare earths to ensure adequate global supply of the strategic minerals for military and commercial uses, a U.S. Department of Defense official said on Tuesday.

Auto sector blasts Mexico's move to legalize imported used cars

Mexico has published a decree to legalize millions of imported used cars, mainly from the United States, a move that was criticized by the country's powerful auto sector as allowing "car smuggling."

U.S. workers face job losses as COVID-19 vaccine mandates kick in

Thousands of unvaccinated workers across the United States are facing potential job losses as a growing number of states, cities and private companies start to enforce mandates for inoculation against COVID-19.

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