Tuesday 28 December 2021

Reuters Business: S&P 500 ends lower after four-day rally to record high

S&P 500 ends lower after four-day rally to record high

The S&P 500 closed slightly lower after hitting a record intraday high on Tuesday, as a four-day rally lost steam in thin trading and investors weighed Omicron-driven travel disruptions and store closures.

Rivian delays deliveries of pickup, SUV with big battery packs to 2023

Rivian Automotive Inc will delay deliveries of its electric pickup truck and sports utility vehicle with big battery packs to 2023, Chief Executive RJ Scaringe said in a mail to customers on Tuesday.

S&P 500 closes lower after four-day rally to record high

The S&P 500 closed slightly lower after hitting a record intraday high on Tuesday, as a four-day rally lost steam in thin trading and investors weighed Omicron-driven travel disruptions and store closures.

Who will get the Fed regulation job? Here are some of the contenders

While President Joe Biden said last month that he would renominate U.S. Federal Reserve chair Jerome Powell, he left Washington guessing as to who would become the Fed's new regulatory chief.

European stocks close at five-week high as Wall Street shares trade mixed

European stocks rose on Tuesday while Wall Street shares were mixed after another record-setting open on Wall Street as investors shrugged off concerns over Omicron-driven travel disruptions and store closures.

Delta to cancel over 250 flights due to bad weather, Omicron cases

Delta Air Lines expects to cancel more than 250 of 4,133 scheduled flights on Tuesday due to adverse weather conditions and rising cases of the Omicron variant, the airline said.

EXCLUSIVE From Kentucky to Arkansas, America's least-vaccinated states led in-store holiday shopping

American shoppers flocked to brick-and-mortar stores this holiday season, with especially strong sales in several states where the rate of full vaccinations against the COVID-19 virus is less than 60%, according to an analysis of Mastercard SpendingPulse holiday sales data.

S&P 500 pauses after four-day rally to record high

The S&P 500 edged lower after hitting a record intraday high on Tuesday, as a four-day rally lost steam in thin trading and investors eyed Omicron-driven travel disruptions and store closures.

Hefty to-do list awaits Fed's next regulatory chief

As the race for the Federal Reserve's next top regulatory official heats up, one thing is certain: whoever gets the job will have a jam-packed agenda tackling the gamut from capital rules and fair lending to digital assets and climate change.

Raskin eyed as Wall Street cop as Biden weighs Fed slate -WSJ

U.S. President Joe Biden is considering former Federal Reserve Governor Sarah Bloom Raskin to lead regulation and supervision at the central bank as part of a slate of three nominees to its Board of Governors, the Wall Street Journal reported on Tuesday.

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