Wednesday, 20 October 2021

Reuters Business: White House tells Democrats corporate tax hike unlikely -congressional source

White House tells Democrats corporate tax hike unlikely -congressional source

The White House told Democratic lawmakers in a meeting on Wednesday that a proposed hike in corporate taxes is unlikely to make it into a final reconciliation bill, according to a congressional source familiar with the discussions.

Netflix workers stage walk-out over Chappelle transgender comments

Netflix Inc employees are staging a walkout on Wednesday in an unprecedented show of defiance to protest the streaming giant's decision to release comedian Dave Chappelle's new comedy special, which they say ridicules transgender people.

Wall Street closes higher as earnings reports soothe investor fears

The S&P 500 and the Dow closed higher on Wednesday as investors eyed better than expected third-quarter earnings from U.S. companies.

Qualtrics raises full-year sales forecast above Wall Street expectations

Business software firm Qualtrics International on Wednesday raised its full-year sales forecast above analyst estimates as it reported third-quarter revenue and profits that also beat expectations.

Kinder Morgan adjusted profit rises 4.1%

Kinder Morgan Inc reported a 4.1% jump in quarterly adjusted profit on Wednesday as demand for fuel bounced back from pandemic lows, boosting the pipeline operator's volumes.

IBM revenue misses on weakness in legacy infrastructure unit

IBM on Wednesday missed market estimates for quarterly revenue as its managed infrastructure business suffered from a decline in orders ahead of a spinoff next month, sending its shares down 4% in extended trading.

Tesla beats quarterly revenue estimates

Tesla Inc on Wednesday beat Wall Street expectations for third-quarter revenue on the back of record deliveries as the electric carmaker navigated through a prolonged global shortage of chips and raw materials.

Stocks climb, Dow touches record; U.S. oil rises after EIA data

Stock indexes mostly rose worldwide on Wednesday, with the Dow Jones Industrial Average touching a record intraday high, as more companies reported earnings that beat analysts' expectations, while oil prices jumped.

Biden's Japan envoy pick vows to make Nissan executive case a priority

Rahm Emanuel, nominee to be the next U.S. ambassador to Tokyo, vowed at his Senate confirmation hearing on Wednesday to prioritize the case of an American former Nissan Motor executive who is facing a possible prison term in Japan.

Dollar dips as risk sentiment improves, bitcoin hits record high

The dollar dipped on Wednesday as risk sentiment improved and as investors focused on rising commodity prices and when global central banks are likely to begin hiking interest rates to fend off persistently high inflation.

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