01 July

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German Greens leader rejects plagiarism accusations as credibility hit By Reuters

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BERLIN (Reuters) -The leader of Germany's Greens on Thursday dismissed plagiarism allegations made against her as she tried to reinvigorate her flagging campaign three months before an election in which she aims to succeed Angela Merkel as chancellor. The Greens surged briefly in polls after picking Annalena Baerbock in April as their candidate to run in a Sept. 26 vote. However, a regional election setback and scandals over a Christmas bonus payment and details of her resume have hit the party's support. Compounding their problems, a website that investigates plagiarism this week said Baerbock, 40, had...

01 July

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United Airlines Higher on Optimism Over the Chase For Premium By Investing.com

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By Dhirendra Tripathi Investing.com – United Airlines (NASDAQ:UAL) rose more than 1% during Thursday’s trading on hopes about its plan to chase premium customers. The company on Tuesday placed a humongous order split between 200 planes for Boeing (NYSE:BA) and 70 for Airbus (PA:AIR). The planes ordered are single-aisle narrow body. Not just more seats in the market, the company said it wants to have more premium seats as well as seatback entertainment in every seat, larger overhead storage, the industry's fastest available WiFi and other technology features. It has chalked out a four-year retrofit plan...

01 July

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Krispy Kreme Higher On Debut After Testing Lows By Investing.com

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By Dhirendra Tripathi Investing.com – Krispy Kreme (NASDAQ:DNUT) was trading 10% higher after an initial hiccup on Thursday, its debut day on the Nasdaq. The company had priced its shares at $17 apiece, below the expected range of $21 to $24. The stock opened lower at $16.30 and then quickly rebounded. This is the second avatar of the company as a listed entity. It went private in 2016. The 29.4-million-share offering raised $500 million for the company, giving it an implied valuation of $2.7 billion. The underwriters have been given a 30-day...

01 July

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S&P 500 Hits Record as Energy Soars on Delay in OPEC+ Meeting By Investing.com

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By Yasin Ebrahim Investing.com – The S&P 500 hit a fresh intraday high Thursday, led by energy as oil prices remained well supported as OPEC+ postponed its meeting to Friday after struggling to reach consensus on supply. The S&P 500 rose 0.4% to a fresh intraday record of 4,319.30. The Dow Jones Industrial Average jumped 0.27%, or 94 points, the Nasdaq was up 0.01%. OPEC+ delayed its meeting by one day to Friday after a key member, the United Arab Emirates, was unwilling to go along with the reported preliminary deal - for a 0.5 million...

01 July

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Congress Lacks Clear Plan to Raise Debt Limit Ahead of Deadline By Bloomberg

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(Bloomberg) -- With a month to go before a suspension of the federal debt ceiling runs out, the U.S. Congress lacks a clear plan to raise it, even as the majority Democrats express confidence that a payments default will be avoided. “We’re considering all the options,” House Speaker Nancy Pelosi said in a brief interview Thursday when asked about her legislative strategy. One option being discussed by Democrats is to raise the debt ceiling using the same so-called budget reconciliation package they plan to use to enact most of President Joe Biden’s $4 trillion, longer-term...

01 July

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Ireland declines to back OECD corporate tax agreement due to rate By Reuters

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DUBLIN (Reuters) -Ireland on Thursday declined to sign a statement backed by 130 of 139 countries negotiating a global overhaul of cross-border taxation of multinationals due to a proposed minimum rate of at least 15%, the finance ministry said. A statement by the 130 countries at the Paris-based Organisation for Economic Cooperation and Development backed plans for a tax rate of at least 15% and taxing more of the profits of the biggest multinationals in countries where the profits are earned. Irish Finance Minister Paschal Donohoe, who is negotiating on behalf of Ireland, said that...

01 July

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Countries back global minimum corporate tax of 15% By Reuters

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PARIS (Reuters) - Most of the countries negotiating a global overhaul of cross-border taxation of multinationals have backed plans for new rules on where companies are taxed and a tax rate of at least 15%, they said on Thursday after two days of talks. "A detailed implementation plan together with remaining issues will be finalised by October 2021," read a statement signed by 130 out of 139 countries and jurisdictions involved in the negotiations. The Paris-based Organisation for Economic Cooperation and Development, which hosted the talks, said a global minimum corporate income tax of at least...

01 July

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Spain’s Caixabank to cut 6,450 jobs, union says By Reuters

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MADRID (Reuters) - Spain's Caixabank has reached an agreement with unions to lay off 6,452 employees, fewer than the initially planned nearly 8,300, a spokesperson for the Comisiones Obreras (CCOO) union said on Thursday. The agreement to reduce its workforce in Spain by around 14.5% was reached after the bank met some of the union's demands, such as implementing any job cuts through voluntary redundancies rather than compulsory cuts, the spokesperson said. Caixabank declined to comment. In April, Caixabank announced it was initially planning to cut 8,291 jobs and close 1,534 branches, slightly more than...

01 July

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Hertz Has Wild Swings After Emerging From Bankruptcy By Investing.com

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By Dhirendra Tripathi Investing.com – Hertz Global Holdings (OTC:HTZGQ) stock was having a roller coaster ride on Thursday, a day after emerging from bankruptcy. The stock bounced between massive gains and losses in the first half-hour of trading. It opened at $22 and almost immediately surged more than 50% to $35 before reversing direction and tumbling to as low as $16, according to Bloomberg. It is now trading over-the-counter under a new ticker HTZZ. Many investors are anxious to see when the shares will be listed on a formal stock exchange, which would mean improved access...

01 July

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Analysis-U.S. companies spend billions on stay-at-home tech, boding ill for office properties By Reuters

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By Herbert Lash NEW YORK (Reuters) - As the U.S. economy reopens, ramped-up corporate spending on video systems and plans to increase shared workspace suggests hybrid work is here to stay, potentially weighing on commercial property prices in New York, San Francisco and other major cities. After jumping in the wake of the pandemic, sales of tech for facilitating remote work continues to trend higher. Retail sales of USB cameras and computer microphones rose 77% and 36% each from March to May from the same period last year, after doubling from those months in 2019, according...

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German Greens leader rejects plagiarism accusations as credibility hit By Reuters

United Airlines Higher on Optimism Over the Chase For Premium By Investing.com

Krispy Kreme Higher On Debut After Testing Lows By Investing.com

S&P 500 Hits Record as Energy Soars on Delay in OPEC+ Meeting By Investing.com

Congress Lacks Clear Plan to Raise Debt Limit Ahead of Deadline By Bloomberg

Ireland declines to back OECD corporate tax agreement due to rate By Reuters

Countries back global minimum corporate tax of 15% By Reuters

Spain’s Caixabank to cut 6,450 jobs, union says By Reuters

Hertz Has Wild Swings After Emerging From Bankruptcy By Investing.com

Analysis-U.S. companies spend billions on stay-at-home tech, boding ill for office properties By Reuters

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