25 June

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United Rentals Gains As UBS Sees Benefits From Infra Push By Investing.com

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By Dhirendra Tripathi Investing.com – United Rentals (NYSE:URI) gave up some gains but was still up 0.7% during Friday's session on an upgrade from UBS (NYSE:UBS) to buy from neutral. Analyst Steven Fisher believes the Biden administration’s $1 trillion infrastructure spending plan will drive a faster than expected recovery in the company’s business as construction activity accelerates. Fisher now sees the stock at $375, a 17.5% upside from the stock’s current level of $319. The analyst estimates that the $579 billion in incremental spending amounts to about 15% upside to current...

25 June

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Biden’s EV charging push boosts established automakers taking on Tesla By Reuters

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By Subrat Patnaik and Chavi Mehta (Reuters) - President Joe Biden's plan to spend billions on charging networks in the U.S. could encourage more Americans to buy electric vehicles, giving General Motors (NYSE:GM) and Ford Motor (NYSE:F) much needed fuel in the battle against Tesla Inc. The bipartisan $1.2 trillion infrastructure framework, includes $7.5 billion spending plans to boost EV charging stations. However, details of the plan still need to be finalized and any bill must be passed by both houses of Congress. "It's necessary for the consumers to get better infrastructure to buy EVs and...

25 June

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Argentina says AZ, Sputnik V single dose cuts mortality up to 80% By Reuters

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By Agustin Geist BUENOS AIRES (Reuters) - A single dose of Russia's Sputnik V or the Oxford University-AstraZeneca vaccine reduces mortality from COVID-19 by between 70% and 80% in people aged 60-plus, real-world data from Argentina's national inoculation program show. The preliminary study data, released on Friday by the country's health ministry, involved some 450,000 people aged 60 years of age and above who received one or two doses of either vaccine, which are the most widely used in Argentina. "The first dose generates almost 80% immunity, the second, in general, increases that response and makes...

25 June

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UK inflation pressure could keep on building in 2022-BoE’s Haldane By Reuters

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LONDON (Reuters) - Bank of England Chief Economist Andy Haldane said the central bank's new forecast that inflation will breach 3% could prove too low and price pressure could accelerate not only this year but in 2022 as well. Haldane, who cast the lone vote in favour of for scaling back the BoE's bond-buying programme at his last monetary policy meeting this week, told MoneyWeek magazine that he disagreed with his colleagues about when inflation would start to ease. "I am of the view that it could stick around for a bit longer and...

25 June

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Vulcan, Martin Marietta Rise On Jefferies’ Bullish Call By Investing.com

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By Dhirendra Tripathi Investing.com – Vulcan Materials (NYSE:VMC) and Martin Marietta (NYSE:MLM) shares were up during Friday’s trading as Biden administration’s $1 trillion infrastructure spending plan convinced Jefferies (NYSE:JEF) that the construction material suppliers are a buy. Vulcan share was up more than 1% and Martin 0.4%. Analyst Philip Ng who earlier had a hold on the stocks now sees Vulcan at $207 per share and Martin at $424. The targets are respectively 16.4% and 14.5% higher from the stocks’ current levels. In addition to the infrastructure bill, the analyst sees push coming from the non-residential...

25 June

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Exclusive-YouTube takes down Xinjiang videos, forces rights group to seek alternative By Reuters

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By Victoria Waldersee and Paresh Dave (Reuters) -A human rights group that attracted millions of views on YouTube to testimonies from people who say their families have disappeared in China's Xinjiang region is moving its videos to little-known service Odysee after some were taken down by the Google-owned streaming giant, two sources told Reuters. The group, credited by international organizations like Human Rights Watch for drawing attention to human rights violations in Xinjiang, has come under fire from Kazakh authorities since its founding in 2017. Serikzhan Bilash, a Xinjiang-born Kazakh activist who co-founded the channel...

25 June

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Facebook rejects talks with Australia publisher, may test online law By Reuters

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By Byron Kaye SYDNEY (Reuters) -Australia's competition watchdog is looking into a claim that Facebook Inc (NASDAQ:FB) refused a publisher's request to negotiate a licensing deal, the regulator told Reuters, setting the stage for the first test of the world's toughest online content law. The Conversation, which publishes current affairs commentary by academics, said it asked Facebook to begin talks as required under new Australian legislation that requires the social media firm and Alphabet (NASDAQ:GOOGL) Inc's Google to negotiate content-supply deals with media outlets. Facebook declined without giving a reason, The Conversation said, even...

25 June

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UK’s Hancock apologises over kissing photo, says focused on job By Reuters

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LONDON (Reuters) - British health minister Matt Hancock apologised on Friday and accepted he had breached social-distancing guidance after a tabloid newspaper published a picture of him kissing and embracing his top aide in his office. "I accept that I breached the social distancing guidance in these circumstances. I have let people down and am very sorry," he said in a statement. "I remain focused on working to get the country out of this pandemic, and would be grateful for privacy for my family on this personal matter." ...

25 June

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U.S. consumer spending takes breather; inflation pushes higher By Reuters

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By Lucia Mutikani WASHINGTON (Reuters) - U.S. consumer spending paused in May as shortages weighed on motor vehicle purchases, but the supply constraints and increased demand for services helped to boost inflation, with the Federal Reserve's main inflation measure posting its biggest annual increase since 1992. The Commerce Department said on Friday that the unchanged reading in consumer spending, which accounts for more than two-thirds of U.S. economic activity, followed an upwardly revised 0.9% jump in April. Consumer spending was previously reported to have increased 0.5% in April. Economists polled by Reuters had forecast consumer...

25 June

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Sterling set for worst month vs dollar since September By Reuters

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By Joice Alves LONDON (Reuters) - Sterling edged lower on Friday against the euro and the dollar and was on track for its worst month against the dollar since September after the Bank of England kept its policy unchanged. The BoE kept the size of its stimulus programme at the same level and left its benchmark interest rate at an all-time low of 0.1%. It also said inflation would surpass 3% as Britain's economy reopens, but the climb further above its 2% target would only be temporary. "Sterling was the worst-performing G-10 currency...

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United Rentals Gains As UBS Sees Benefits From Infra Push By Investing.com

Biden’s EV charging push boosts established automakers taking on Tesla By Reuters

Argentina says AZ, Sputnik V single dose cuts mortality up to 80% By Reuters

UK inflation pressure could keep on building in 2022-BoE’s Haldane By Reuters

Vulcan, Martin Marietta Rise On Jefferies’ Bullish Call By Investing.com

Exclusive-YouTube takes down Xinjiang videos, forces rights group to seek alternative By Reuters

Facebook rejects talks with Australia publisher, may test online law By Reuters

UK’s Hancock apologises over kissing photo, says focused on job By Reuters

U.S. consumer spending takes breather; inflation pushes higher By Reuters

Sterling set for worst month vs dollar since September By Reuters

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