Monday, 22 November 2021

Reuters Business: U.S. imposes further sanctions in connection with Nord Stream 2 gas pipeline

U.S. imposes further sanctions in connection with Nord Stream 2 gas pipeline

The United States has imposed further sanctions in connection with the Nord Stream 2 gas pipeline, Secretary of State Antony Blinken said on Monday, with the latest sanctions being on two vessels and one Russia-linked entity, Transadria Ltd.

Cryptocurrencies post inflows in latest week, led by bitcoin -CoinShares

Cyrptocurrency products and funds posted inflows in the latest week, with investors undeterred by the latest price corrections, weekly data from digital asset manager CoinShares showed on Monday.

U.S. SEC charges oilfield services firm, former exec with disclosure failures -statement

The U.S. Securities and Exchange Commission (SEC) on Monday said Texas-based oilfield services company ProPetro Holding Corp and its founder and former chief executive officer have agreed to settle charges they failed to properly disclose some of his executive perks and two stock pledges.

U.S. high-yield corporate bond ETF falls to 8-month low after Powell announcement

Investors looked to shed some risk in the U.S. corporate bond market on Monday, pushing a fund tracking the high-yield sector to its lowest level since March after Jerome Powell's nomination for a second term as Federal Reserve chair raised expectations of sooner rate hikes.

Zoom quarterly results top estimates as hybrid work boosts demand

Zoom Video Communications topped estimates for third-quarter results on Monday, as the video-conferencing platform benefited from the launch of its new offerings that helped boost demand as businesses adopt hybrid models of work.

Biden bets Fed's Powell can usher in full U.S. economic recovery

U.S. President Joe Biden on Monday nominated Federal Reserve Chair Jerome Powell for a second four-year term, positioning the former investment banker to continue the most consequential revamp of monetary policy since the 1970s and finish guiding the economy out of the pandemic crisis.

S&P 500 ends lower after Powell nomination

The S&P 500 ended lower on Monday after President Joe Biden picked Federal Reserve Chair Jerome Powell to lead the central bank for a second term, while Wall Street lenders rallied on the prospect of interest rate hikes in 2022.

U.S. holiday air travel week opens briskly

Americans have begun hitting the roads and skies in large numbers in advance of Thursday's Thanksgiving holiday as weather so far looks favorable for travel plans.

U.S. FCC approves Verizon acquisition of TracFone Wireless

The U.S. Federal Communications Commission said on Monday it has approved Verizon Communications Inc's more than $6 billion proposed acquisition of pre-paid mobile phones provider TracFone Wireless, with conditions.

Fed in second Powell term must ensure inflation does not become 'endemic' -Yellen

The U.S. Federal Reserve during Jerome Powell's second term as chair will have an important role to play over the longer term to ensure that inflation does not become "endemic," Treasury Secretary Janet Yellen told CNBC on Monday.

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