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July 24, 2021

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GM, Cruise demand Ford drop ‘BlueCruise’ name for hands-free driving

Reuters
DETROIT, July 23 (Reuters) – General Motors Co (GM.N) and its Cruise robo-taxi subsidiary said early Saturday they have asked a U.S. federal court to stop Ford Motor Co (F.N) from using the name “BlueCruise” to market its hands-free driving technology. In a statement and documents released shortly after midnight......

U.S. appeals court lifts CDC cruise ship restrictions in win for Florida

Reuters
WASHINGTON, July 23 (Reuters) – A federal appeals court late on Friday reversed course and let stand a lower court order prohibiting the U.S. Centers for Disease Control and Prevention (CDC) from enforcing coronavirus-related cruise ship rules in Florida. The decision is a win for Florida that had filed a......

Judge grants U.S. FTC more time to file amended complaint against Facebook

Reuters
July 23 (Reuters) – A U.S. judge on Friday gave the U.S. Federal Trade Commission until Aug. 19 to file an amended complaint in its antitrust lawsuit against Facebook Inc (FB.O), an extension of three weeks from the previous deadline. Judge James Boasberg of the U.S. District Court for the......

Wall Street notches record closing high on earnings, economic strength

Reuters
NEW YORK, July 23 (Reuters) – Wall Street gained ground for the fourth straight session on Friday, extending a rally that pushed all three major U.S. stock indexes to record closing highs as upbeat earnings and signs of economic revival fueled investor risk appetite. The S&P 500, the Nasdaq and......

EXCLUSIVE Democrats may scrap matching funds from infrastructure bill over wage issue

Reuters
WASHINGTON, July 23 (Reuters) – Democrats are threatening to scrap plans to create an infrastructure bank in the $1.2 trillion bipartisan spending bill after Republicans opposed a provision intended to lift workers’ wages, according to three people familiar with the discussions. A decision to remove funding for the bank would......

Intel, TI split leaves chip outlook in doubt

Reuters
July 23 (Reuters) – Two major chipmakers this week gave very different views of whether soaring demand for semiconductors will start to ease in the second half of the year, and it may take another round of earnings next week to settle the question. Texas Instruments (TXN.O) on Wednesday gave......

White House blames Facebook and YouTube for spreading vaccine misinformation

Reuters
WASHINGTON, July 23 (Reuters) – The White House has YouTube, not just Facebook, on its list of social media platforms officials say are responsible for an alarming spread of misinformation about COVID vaccines and are not doing enough to stop it, sources familiar with the administration’s thinking said. The criticism......

S&P 500, Nasdaq hit record highs on megacaps, earnings strength

Reuters
A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City, New York, U.S., July 19, 2021. REUTERS/Andrew Kelly Social media stocks rally after upbeat results AmEx jumps on blowout Q2 profit Intel sales forecast implies rocky second half Indexes up: Dow......

NextEra Energy posts higher profit on renewable demand surge

Reuters
July 23 (Reuters) – NextEra Energy (NEE.N) reported a higher quarterly adjusted profit on Friday, benefiting from a global shift to cleaner energy that has boosted demand for renewable power. The company has recently seen its investor base rise, as countries and corporations move further away from fossil fuels, helping......

Masking guidance unchanged as Delta variant sweeps U.S.- CDC director

Reuters
July 22 (Reuters) – The U.S. Centers for Disease Control and Prevention has not revised its masking guidance, even as the Delta variant of the coronavirus sweeps the United States, driving up infections, CDC director Rochelle Walensky said on Thursday. Walensky declined to say if the CDC is considering changing......

US regulator issues notice to Dakota Access pipeline over safety concerns

Reuters
July 22 (Reuters) – The U.S. Department of Transportation’s pipeline regulator on Thursday put the operator of the Dakota Access Pipeline (DAPL), Energy Transfer LP (ET.N), on notice for probable violations of safety regulations and proposed a civil penalty against it. The U.S. Pipeline and Hazardous Materials Safety Administration (PHMSA)......

Twitter beats revenue targets with ad improvements, shares jump 5%

Reuters
July 22 (Reuters) – Twitter Inc (TWTR.N) on Thursday reported higher revenue growth than Wall Street had expected, as the social media platform rolled out ad targeting improvements to help brands reach potential customers. Shares of Twitter rose 5% to $73 in trading after the bell. Since the start of......

U.S. senators target tech’s legal immunity to stop vaccine misinformation

Reuters
WASHINGTON, July 22 (Reuters) – Two Democratic U.S. senators on Thursday will add to the stack of bills going after Section 230 – a law that protects tech companies from being sued over content posted by users – making such platforms responsible for health-related misinformation. The legislation introduced by Amy......

Spending to fight U.S. unemployment fraud brings boost, scrutiny to Alphabet-funded ID.me

Reuters
People line up outside a newly reopened career center for in-person appointments in Louisville, U.S., April 15, 2021. REUTERS/Amira Karaoud/File Photo July 22 (Reuters) – An unprecedented number of people falsifying identities to claim U.S. jobless benefits during the pandemic sparked a surge in government spending to curtail the fraud,......

U.S. agency approves three airport security agreements with Amazon.com air unit

Reuters
WASHINGTON, July 22 (Reuters) – A U.S. agency said on Thursday it is permitting three airports to enter into security agreements with Amazon.com’s (AMZN.O) Amazon Air unit that will allow the company to assume some security functions. In a notice, the Transportation Security Administration (TSA) said Cincinnati/Northern, Baltimore/Washington (BWI), and......

Database software company Couchbase valued at nearly $1.2 bln in Nasdaq debut

Reuters
The Nasdaq logo is displayed at the Nasdaq Market site in New York September 2, 2015. REUTERS/Brendan McDermid/File Photo July 22 (Reuters) – Shares of Couchbase Inc (BASE.O) jumped more than 23% in their Nasdaq debut on Thursday, giving the database software company a market capitalization of nearly $1.2 billion.......

American, Southwest post quarterly profits on travel rebound, federal aid

Reuters
July 21 (Reuters) – U.S. carriers American Airlines (AAL.O) and Southwest Airlines (LUV.N) on Thursday posted quarterly profits helped by a bookings rebound and federal aid, and forecast improving revenue trends in the months ahead as more people return to travel. Executives from both airlines said they have not seen......

Cyber attack disrupts major South African port operations

Reuters
Container ships wait to load and offload goods in port during a 21-day nationwide lockdown aimed at limiting the spread of coronavirus disease (COVID-19) in Cape Town, South Africa, April 17, 2020. REUTERS/Mike Hutchings/File Photo JOHANNESBURG, July 22 (Reuters) – A cyber attack has disrupted container operations at the South......

Union Pacific beats estimates on industrial recovery, raises volume growth outlook

Reuters
A Union Pacific rail car is parked at a Burlington Northern Santa Fe (BNSF) train yard in Seattle, Washington, U.S., February 10, 2017. REUTERS/Chris Helgren/File Photo July 22 (Reuters) – Union Pacific Corp (UNP.N) on Thursday raised its forecast for annual volume growth after reporting better-than-expected quarterly results, as the......

Blackstone doubles second quarter earnings on surging asset sales

Reuters
The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) April 4, 2016. REUTERS/Brendan McDermid/File Photo July 22 (Reuters) – Blackstone Group Inc (BX.N), the world’s largest private equity firm, said on Thursday......

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