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

US CDC advisors support Moderna, J&J COVID-19 vaccine booster, mix-and-match shots

An overview of the U.S. Headquarters for Disease Control and Prevention (CDC) in Atlanta, Ga., Sept. 30, 2014. REUTERS / Tami Chappell Oct. 21 (Reuters) – An advisory panel to the U.S. Centers for Disease Control and Prevention (CDC) unanimously recommended the use of COVID-19 vaccine boosters for many Moderna Inc (MRNA.O) and recipients on … 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

The only way is up: CEOs warn of prices

Adds CBI survey, AutoNation, SouthWestern, Unilever details Unilever warns that prices will continue to rise over the next year Randstad says the labor shortage will persist for years British manufacturers have increased prices the most since 1980 Oct 21 (Reuters) – For central bankers grappling with whether inflationary pressures are temporary, industry leaders around the … 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

California ports, keys to the US supply chain, are among the least efficient rankings in the world

Shipping containers are unloaded from ships at a container terminal in the Long Beach Port of Los Angeles in Los Angeles, California, the United States, April 7, 2021. REUTERS / Lucy Nicholson LOS ANGELES, Oct. 19 (Reuters) – Southern California’s ports of Los Angeles and Long Beach handle the most ocean freight of any port … Read more

Bitcoin is below all-time high after US ETF debut

A representation of the virtual cryptocurrency Bitcoin can be seen in this illustration from October 19, 2021. REUTERS / Edgar Su HONG KONG, Oct. 20 (Reuters) – Bitcoin hovered below record highs on Wednesday, the day after the first U.S. Bitcoin futures-based exchange-traded fund (ETF) began trading as a digital asset. The world’s leading cryptocurrency … 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

US homes begin to fall; Permits hit an annual low as scarcity increases

A sign reading “For Sale” is posted in front of a residential building in the Queen Anne neighborhood near the Space Needle in Seattle, Washington, USA on May 14, 2021. REUTERS / Karen Ducey Housing starts fall 1.6% in September; Corrected downwards in August Single-family home starts unchanged; Multi-family decrease by 5.0% Building permits decrease … Read more