S&P 500, Dow scale new highs; Nasdaq hit by Facebook

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, USA on October 20, 2021. REUTERS / Brendan McDermid Snap crashes on Apple tweak, pulling social media giants down AmEx rises when a profit is made, Dow rises Indices: price loss 0.33%, S&P price increase 0.05%, Nasdaq price loss … Read more

Huawei, SMIC Suppliers Received Billions’ Value of Licenses for US Goods Documents

WASHINGTON, Oct. 21 (Reuters) – Suppliers to Chinese telecommunications giant Huawei and China’s leading chipmaker SMIC were granted billions of dollars in licenses from November to April to sell them goods and technology despite being blacklisted for U.S. trade stand, as Reuters-viewed documents showed on Thursday. According to the documents, 113 export licenses worth $ … Read more

EXCLUSIVE USA slows mergers of oil and gas wells

NEW YORK / WASHINGTON, Oct. 21 (Reuters) – US antitrust authorities have extended the approval process for at least five oil and gas mergers and acquisitions in the past three months as President Joe Biden’s administration scrutinizes business to counter rising energy prices to combat, according to government filings and corporate attorneys. The slowdown comes … Read more

Futures lower according to Tesla, IBM quarterly results

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, USA on October 20, 2021. REUTERS / Brendan McDermid Futures from: Dow 0.30%, S&P 0.25%, Nasdaq 0.17% Oct 21 (Reuters) – U.S. stock index futures fell Thursday as IBM and Tesla fell after their quarterly results, and investors await … Read more

Bundesbank boss Weidmann gives notice early with a final inflation warning

Bundesbank President Jens Weidmann will take part in the 29th Frankfurt European Banking Congress (EBC) in the Alte Oper in Frankfurt on November 22, 2019. REUTERS / Ralph Orlowski Weidmann leaves on December 31. Still had over five years from the eight year tenure As a conservative politician, Weidmann was often in the minority FRANKFURT, … Read more

Facebook plans to change its name – The Verge

In this March 25, 2020 illustration, a 3D printed Facebook logo is placed on a keyboard. REUTERS / Dado Ruvic / Illustration Oct. 19 (Reuters) – Social media giant Facebook Inc (FB.O) plans to rename itself with a new name next week, The Verge reported Tuesday, citing a source with direct knowledge of the matter. … Read more

China Evergrande Makes Onshore Coupon Payment – Sources

The company logo can be seen at the headquarters of the China Evergrande Group in Shenzhen, Guangdong Province, China, September 26, 2021. REUTERS / Aly Song HONG KONG / SHANGHAI, Oct. 19 (Reuters) – China Evergrande Group (3333.HK) has paid out an onshore bond coupon due Tuesday, four people familiar with the matter said amid … Read more

Taiwan’s Foxconn is showing three prototypes of electric vehicles

Taipei, October 18 (Reuters) – Taiwanese tech giant Foxconn (2317.TW) unveiled its first three electric vehicle prototypes on Monday, underscoring its ambitious plans to move away from its role as a consumer electronics manufacturer for Apple Inc (AAPL.O ) and other diversifying tech firms. The vehicles – an SUV, a sedan, and a bus – … Read more

Apple employee says she was fired after leading an anti-harassment movement

SAN FRANCISCO, Oct.15 (Reuters) – An Apple employee who directed her colleagues to publicly share cases of corporate harassment and discrimination said Thursday she was fired. Janneke Parrish, an Apple program manager, said the iPhone maker informed her Thursday that she had been fired for deleting material on company devices while she was under investigation … Read more

EXCLUSIVE China plans to incorporate US LNG as the energy crisis raises concerns

SINGAPORE / NEW YORK, Oct.15 (Reuters) – Major Chinese energy companies are in advanced talks with U.S. exporters to secure long-term supplies of liquefied natural gas (LNG) amid rising gas prices and domestic electricity shortages as concerns over the country’s fuel safety come up, said multiple sources. At least five Chinese companies, including the state-owned … Read more