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October 18, 2021

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S&P 500, Nasdaq rise with growth stocks; JPMorgan a drag

Reuters
JPMorgan falls, BlackRock gains after earnings Fed minutes hint at tapering from November U.S. consumer prices post solid gain in September Indexes: Dow flat, S&P 500 up 0.3%, Nasdaq up 0.7% NEW YORK, Oct 13 (Reuters) – The S&P 500 and Nasdaq ended higher on Wednesday, led by gains in......

Push by ports, delivery companies to ease holiday bottleneck, Biden says

Reuters
WASHINGTON, Oct 13 (Reuters) – President Joe Biden on Wednesday launched an effort to ease supply chain blockages that are threatening to disrupt the U.S. holiday season, relying on expanded port and shipping operations and urging other businesses to speed up operations. The moves were a first step, Biden said,......

Apple likely to cut iPhone 13 production due to chip crunch -Bloomberg News

Reuters
Oct 12 (Reuters) – Apple Inc (AAPL.O) is likely to slash production of its iPhone 13 by as many as 10 million units due to the global chip shortage, Bloomberg News reported on Tuesday, citing people familiar with the matter. The company was expected to produce 90 million units of......

TSMC and Sony considering joint chip factory, Japan gov’t to help -Nikkei

Reuters
TOKYO, Oct 8 (Reuters) – Taiwan’s TSMC (2330.TW) and Japan’s Sony Group Corp (6758.T) are considering jointly building a chip factory in Japan, with the government ready to pay for some of the investment of about 800 billion yen ($7.15 billion), the Nikkei reported on Friday. The plant in Kumamoto,......

Wall Street ends day with solid gains; investors hail U.S. debt-ceiling truce

Reuters
U.S. Senate rushes to advance $480 bln debt-limit increase U.S. weekly jobless claims fall sharply Consumer discretionary and materials lead sectors Levi Strauss shares soar after profit beat Indexes jump: Dow 0.98%, S&P 0.83%, Nasdaq 1.05% Oct 7 (Reuters) – Wall Street ended sharply higher on Thursday in a broad-based......

Ireland agrees to global tax deal, sacrificing prized low rate

Reuters
Commuters make their way into work in the morning in the financial district of Dublin, Ireland October 18, 2018. REUTERS/Clodagh Kilcoyne Move gives boost to global corporate tax reform effort Ireland says decision difficult but the right one Assured EU will not seek tax rate above global consensus DUBLIN, Oct......

EXCLUSIVE Dutch watchdog finds Apple app store payment rules anti-competitive – sources

Reuters
Apple logo is seen on the Apple store at The Marche Saint Germain in Paris, France July 15, 2020. REUTERS/Gonzalo Fuentes/File Photo AMSTERDAM, Oct 7 (Reuters) – The Dutch antitrust authority has found that Apple’s rules requiring software developers to use its in-app payment system are anti-competitive and ordered it......

EXCLUSIVE Apple to face EU antitrust charge over NFC chip – sources

Reuters
BRUSSELS, Oct 6 (Reuters) – Apple (AAPL.O) will be hit with an EU antitrust charge over its NFC chip technology, people familiar with the matter said, a move that puts it at risk of a possible hefty fine and could force it to open its mobile payment system to rivals.......

Nvidia offers EU concessions over $54 billion Arm deal

Reuters
The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan May 30, 2017. REUTERS/Tyrone Siu BRUSSELS, Oct 6 (Reuters) – Nvidia (NVDA.O) has offered concessions in a bid to secure EU antitrust approval for its $54 billion acquisition of British chip designer Arm, a......

EU lawmaker says U.S. tech giants should be regulated where they are based

Reuters
The logos of Amazon, Apple, Facebook and Google in a combination photo/File Photo STRASBOURG, Oct 5 (Reuters) – U.S. tech giants such as Apple (AAPL.O), Google, Facebook (FB.O) and Amazon (AMZN.O) should be regulated by the EU country where they are based under proposed EU rules, a top lawmaker said......

H&M’s September sales dented by supply delays after profit tops pre-pandemic level

Reuters
H&M reports Q3 pretax profit of 6.1 bln SEK Sector recovering from slump as restrictions ease Global supply issues meant demand not fully met in September Shares unchanged STOCKHOLM, Sept 30 (Reuters) – Supply disruptions hampered H&M’s (HMb.ST) sales in September, the Swedish retailer said on Thursday, after its June-August......

Some Apple, Tesla suppliers suspend production in China amid power pinch

Reuters
Sept 27 (Reuters) – Several Apple Inc (AAPL.O) and Tesla Inc (TSLA.O) suppliers have suspended production at some Chinese factories for a number of days to comply with tighter energy consumption policies, putting supply chains at risk in the peak season for electronics goods. Two major Taiwanese chipmakers, however, said......

Luxury group Kering to ditch fur completely

Reuters
PARIS, Sept 24 (Reuters) – France’s Kering (PRTP.PA) will stop using animal furs in all its collections, joining a growing list of luxury fashion houses to respond to customer demands for ethical and sustainable clothing and accessories. The decision comes four years after its star label Gucci announced it would......

White House prods companies on chips information request

Reuters
WASHINGTON, Sept 23 (Reuters) – The White House is pressing automakers, chip companies and others to cooperate in a bid for more information about the ongoing semiconductor crisis that has forced cuts to U.S. auto production, but made clear on Thursday that the industry needs to take the lead to......

Nike warns on holiday delays, cuts full-year sales estimate

Reuters
Nike shoes are seen displayed at a sporting goods store in New York City, New York, U.S., May 14, 2019. REUTERS/Mike Segar/File Photo Sept 23 (Reuters) – Nike Inc (NKE.N) on Thursday cut its fiscal 2022 sales expectations and said it expects delays during the holiday shopping season, blaming a......

Australia’s Commonwealth Bank mocks Apple’s ‘pro-competition’ claim

Reuters
A customer holds the iPhone X during the global launch of the new Apple product in central Sydney, Australia, November 3, 2017. REUTERS/David Gray Apple welcomes competition if no one competes with Apple – CBA CBA wants Apple to open its NFC chip for other mobile payments Regulator probing Apple’s......

Russian pro-Putin party wins majority after crackdown; foes cry foul

Reuters
Partial results suggest emphatic United Russia win Pre-vote crackdown crushed Kremlin critics Critics allege widespread fraud, authorities deny Watchdog recorded numerous violations MOSCOW, Sept 20 (Reuters) – Russia’s ruling United Russia party, which supports President Vladimir Putin, retained its parliamentary majority after an election and a sweeping crackdown on its......

Billy Porter, and stars of ‘The Crown’ hit Emmy Awards red carpet

Reuters
LOS ANGELES, Sept 19 (Reuters) – “Pose” star Billy Porter and British actor Josh O’Connor were among the early arrivals in Los Angeles for the Emmy Awards on Sunday on a night where “The Crown” and comedy “Ted Lasso” are expected to dominate the annual ceremony for the top television......

Exclusive: U.S. opens probe into 30 million vehicles over air bag inflators

Reuters
Heavy vehicular traffic is seen in the Ocean Beach neighbourhood of San Diego, California, U.S., ahead of the Fourth of July holiday July 3, 2020. REUTERS/Bing Guan WASHINGTON, Sept 19 (Reuters) – U.S. auto safety investigators have opened a new probe into 30 million vehicles built by nearly two dozen......

Navalny allies accuse YouTube, Telegram of censorship in Russian election

Reuters
MOSCOW, Sept 18 (Reuters) – Jailed Kremlin critic Alexei Navalny’s allies accused YouTube and Telegram of censorship on Saturday after the video platform and messaging app restricted access to their anti-government voting recommendations for Russia’s parliamentary election. Navalny’s allies already accused Alphabet’s (GOOGL.O) Google and Apple of buckling under Kremlin......

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