Monday, 8 November 2021

Reuters Business: Wall Street closes up on infrastructure gains but Tesla weighs

Wall Street closes up on infrastructure gains but Tesla weighs

Wall Street stocks ended slightly higher on Monday, rising early after passage of a U.S. infrastructure spending bill but paring gains late as sliding Tesla shares weighed the indexes down.

PayPal profit rises above estimates as more people shop online

PayPal Holdings Inc on Monday reported a third-quarter profit above Wall Street estimates, as more people used digital modes of payment to shop and transactions rose through its peer-to-peer payment service Venmo.

Quebec minister met Tesla executives in October over supply chain role

Quebec's Economy Minister met Tesla leaders over the role the resource-rich Canadian province could play in the electric-car maker's supply chain, a government spokesman said on Monday.

Robinhood says email addresses of 5 mln customers exposed in security breach

Robinhood Markets Inc said on Monday a third party had obtained access to the email addresses of about five million of its customers.

AMC beats revenue estimates as theaters reopen

AMC Entertainment Holdings Inc on Monday beat Wall Street estimates for quarterly revenue, as movie buffs returned to theaters for new releases such as "Shang-Chi and the Legend of the Ten Rings" and "Black Widow".

Tencent Music revenue rises 3% as content push brings in listeners

China's Tencent Music Entertainment Group reported a 3% rise in quarterly revenue on Monday, as efforts to bolster content attracted more paying users to its Spotify-like music streaming platform.

'FarmVille' creator Zynga's bookings get a lift from mobile gaming demand

Zynga Inc beat Wall Street estimates for quarterly net bookings on Monday, fueled by demand for its popular franchise "FarmVille" and contribution from the acquisition of mobile game developer Rollic.

Wall Street closes up on infrastructure gains but Tesla weighs

Wall Street stocks ended slightly higher on Monday, gaining early in the day as investors cheered passage of a U.S. infrastructure spending bill, but paring gains late as sliding Tesla shares weighed the indexes down.

Inflation tops pandemic as investor concern: Fed report

Concerns over higher inflation and tighter monetary policy have taken the mantle as the top concern for market participants, pushing aside the COVID-19 pandemic, the Federal Reserve said Monday in its latest report on financial stability.

Don't wait on vaccine rules, White House tells companies amid legal fight

The White House on Monday urged employers to go ahead and push worker vaccinations, as legal challenges to President Joe Biden's vaccine rule work their way through the courts.

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