15 June

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Producer Prices, Retail Sales, Oracle: 3 Things to Watch By Investing.com

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By Dhirendra Tripathi Investing.com -- Stocks wavered as investors await word from the Federal Reserve later this week on the direction of its monetary policy. After hitting all-time highs, the S&P 500 slipped on concerns the Fed could start talking about cutting back on its bond buying at some point in the near future after evidence of an uptick in inflation. Fed officials have said they believe higher prices are transitory as the U.S. economy tries to come back from the pandemic, though some analysts say the pressure is rising on the central bank. Treasury yields have...

15 June

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Outgoing U.N. aid chief slams G7 for failing on vaccine plan By Reuters

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By Michelle Nichols UNITED NATIONS (Reuters) - Outgoing U.N. aid chief Mark Lowcock slammed the Group of Seven wealthy nations on Monday for failing to come up with a plan to vaccinate the world against COVID-19, describing the G7 pledge to provide 1 billion doses over the next year as a "small step." "These sporadic, small-scale, charitable handouts from rich countries to poor countries is not a serious plan and it will not bring the pandemic to an end," Lowcock, who steps down on Friday, told Reuters. "The G7, essentially, completely failed to show the necessary...

15 June

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JLR to begin testing prototype hydrogen Land Rover this year By Reuters

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By Nick Carey LONDON (Reuters) - Jaguar Land Rover will begin tests later this year on a hydrogen fuel-cell prototype model based on its Land Rover Defender vehicle as the carmaker looks to expand its zero-emission car options, the company said on Tuesday. JLR, owned by India's Tata Motors, earlier this year said that its luxury Jaguar brand will be entirely electric by 2025, and the more rugged, off-road Land Rover brand will launch six pure electric models over the next five years. Most of the auto industry is focussing its efforts on developing battery-electric cars...

15 June

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S&P 500, Nasdaq Hit Record Highs as Tech Bulls March On By Investing.com

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By Yasin Ebrahim Investing.com – The S&P 500 and Nasdaq closed at all-time highs Monday as tech made a strong start to the week despite some on Wall Street warning of a hawkish surprise from the Federal Reserve later this week. The S&P 500 fell 0.18%, though remained close to its record high 4,255.15. The Dow Jones Industrial Average was down 0.25%, or 85 points, and the Nasdaq Composite was up 0.74% to close a record high of 14,174.14. The Federal Open Market Committee kicks off its two-day meeting on Tuesday, against fresh worries that the...

15 June

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Hyundai, GM serious about ‘flying car’ efforts By Reuters

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By Ben Klayman and Joseph White DETROIT (Reuters) - Hyundai Motor Co and General Motors Co (NYSE:GM) said on Monday they are pushing ahead with developing flying cars, with the South Korean company expressing optimism it could have an air-taxi service in operation as soon as 2025. A GM executive said it could take until 2030 for air-taxi services to overcome technical and regulatory hurdles and reach commercialization. The zero-emissions aircraft, which take off and land like helicopters and carry passengers and cargo, are being developed by a number of startups as well as aircraft makers...

15 June

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Crypto sees second week of outflows; ether posts record outflows – CoinShares By Reuters

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By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - Cryptocurrency investment products and funds saw outflows for a second straight week, with ether posting record outflows as institutional investors took a step back, data from digital asset manager CoinShares showed on Monday. Total crypto ouflows hit $21 million for the week ending June 11. Since mid-May, total outflows reached $267 million, representing 0.6% of total assets under management (AUM). Ether, the token used in the Ethereum blockchain, posted its largest outflow last week of $12.7 million, data showed. The token has been one of the strongest performers...

14 June

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Biden, Erdogan upbeat about ties but disclose no breakthrough By Reuters

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By Humeyra Pamuk, Gabriela Baczynska, Ece Toksabay and Tuvan Gumrukcu BRUSSELS (Reuters) -U.S. President Joe Biden and Turkish President Tayyip Erdogan sounded upbeat after their first face-to-face talks on Monday, although they did not announce major breakthroughs in the relationship between the two allies, at odds over Russian weapons, Syria, Libya and other issues. "We had a positive and productive meeting, much of it one-on-one," Biden told a news conference after their meeting in Brussels. "Our teams are going to continue our discussions and I'm confident we'll make real progress with Turkey and the United...

14 June

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Disney CEO says 40% of upfront ad sales went to streaming or digital By Reuters

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LOS ANGELES (Reuters) - Walt Disney (NYSE:DIS) Co's advertising revenue for the upcoming fall television season rose by "double-digits" from the levels of 2019 before the global pandemic, Chief Executive Bob Chapek said on Monday. About 40% of sales during the "upfront" sales period went to streaming or digital ads, Chapek said at Credit Suisse (SIX:CSGN)'s virtual Communications Conference. ...

14 June

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U.K.’s Boris Johnson Delays End of England’s Lockdown as Cases Surge By Bloomberg

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(Bloomberg) -- Prime Minister Boris Johnson pushed back his plan to lift England’s coronavirus restrictions for at least another four weeks to try to prevent “thousands” more deaths and a surge in hospitalizations. The government was forced to act after modeling showed hospital admissions could reach similar levels to the pandemic’s first wave of infections in spring 2020 -- a peak of 3,099 a day -- if Johnson stuck to his schedule to end social-distancing rules on June 21. In a televised press conference on Monday, Johnson said he had no choice but to delay...

14 June

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S&P 500 Slips as Pre-Fed Jitters Keep Investors on Edge By Investing.com

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By Yasin Ebrahim Investing.com – The S&P 500 slipped from near all-time highs Monday on worries that the Federal Reserve’s two-day meeting could usher in a talk of bond tapering in the wake of a sharp upturn in inflation. The S&P 500 fell 0.28%, though remained close to its record high 4,249.97. The Dow Jones Industrial Average was down 0.70%, or 243 points, and the Nasdaq Composite was up 0.37%. Investors could be in for a surprise on Wednesday when the Federal Open Market Committee, or FOMC, concludes its two-day meeting as investor bets that inflation...

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Producer Prices, Retail Sales, Oracle: 3 Things to Watch By Investing.com

Outgoing U.N. aid chief slams G7 for failing on vaccine plan By Reuters

JLR to begin testing prototype hydrogen Land Rover this year By Reuters

S&P 500, Nasdaq Hit Record Highs as Tech Bulls March On By Investing.com

Hyundai, GM serious about ‘flying car’ efforts By Reuters

Crypto sees second week of outflows; ether posts record outflows – CoinShares By Reuters

Biden, Erdogan upbeat about ties but disclose no breakthrough By Reuters

Disney CEO says 40% of upfront ad sales went to streaming or digital By Reuters

U.K.’s Boris Johnson Delays End of England’s Lockdown as Cases Surge By Bloomberg

S&P 500 Slips as Pre-Fed Jitters Keep Investors on Edge By Investing.com

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