09 April

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S&P 500 Continues Record Run as Tech Reigns Supreme By Investing.com

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By Yasin Ebrahim Investing.com – The S&P 500 closed at all-time highs for the second straight day Thursday, as big tech continued to ride the fall in bond yields after Federal Reserve Jerome Powell indicated that "unevenness" in the recovery will keep easy monetary policy on the Fed's menu for some time. The S&P 500 rose 0.4%, to close at a record high of 4,097.16, the Dow Jones Industrial Average rose 0.17%, or 56 points, and the Nasdaq Composite was up 1.03%. Chairman Powell, appearing during a virtual IMF panel discussion on Thursday, laid out the...

09 April

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Crypto traders on Robinhood jump six-fold to 9.5 million in first-quarter By Reuters

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(Reuters) - Online brokerage Robinhood said on Thursday that 9.5 million users traded cryptocurrency on its platform during the first quarter of 2021, a near six-fold rise from the previous quarter. Bitcoin, the world's most-traded cryptocurrency, has nearly doubled in value so far this year, boosted by an increased interest from larger financial firms betting on its greater acceptance, and as a hedge against inflation. Bitcoin has also made its way into the corporate treasuries of Tesla Inc, Square (NYSE:SQ) and MicroStrategy Inc. While central banks remain skeptical of digital currencies, analysts say more...

09 April

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Northern Irish leaders struggle to quell worst violence in years By Reuters

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By Jason Cairnduff BELFAST (Reuters) -Northern Ireland's power-sharing government put aside factional differences on Thursday to call for calm after frustration among pro-British unionists over post-Brexit trade barriers helped trigger some of the worst violence in the region in years. Despite the appeals, clashes spread further into Irish nationalist areas on Thursday night where police responded to petrol bomb and stone attacks with water cannon. The White House joined the British and Irish governments in urging calm. Hundreds of youths in the British province's capital Belfast set a hijacked bus on fire and attacked police...

09 April

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Green, amber or red: UK to classify travel destinations in May By Reuters

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By Estelle Shirbon LONDON (Reuters) - Britain will confirm in early May whether it will allow international travel to resume from May 17 and which countries will fall into the red, amber or green categories in a new traffic light system based on COVID-19 risks. Giving new details of how it hopes to allow people to travel this summer, the government's Global Travel Taskforce also said work was ongoing to develop a certification system, sometimes called "vaccine passports", for inbound and outbound travel. Britain is gradually emerging from a strict winter lockdown prompted by a huge...

09 April

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Asia shares set for choppy session after S&P 500 hits record high By Reuters

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By Chibuike Oguh (Reuters) - Asian equities are set for a choppy trading session on Friday after technology stocks lifted the S&P 500 to a new record even as investors weighed an unexpected rise in the number of Americans filing new claims for unemployment benefits. A U.S. jobless claims report showed a second straight weekly increase earlier on Thursday, bucking the streak of strong economic data from payrolls and job vacancies that had buoyed investor confidence in a quick economic rebound. The softer data helped yields on the benchmark 10-year U.S. Treasury note drop to its...

09 April

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Crown to sell majority stake in European packaging unit in $2.7 billion deal By Reuters

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(Reuters) - Crown Holdings Inc has agreed to sell 80% of its European tinplate business to private equity firm KPS Capital Partners in a deal valued at 2.25 billion euros ($2.68 billion), the packaging products supplier said on Thursday. The company said it would receive pre-tax proceeds of about 1.9 billion euros from the deal, which it would use to reduce debt and buy back shares. The unit for sale comprises 44 manufacturing facilities in 17 countries in Europe, the Middle East and Africa and produces food cans, aerosol cans, and promotional packaging. Crown said the...

09 April

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Facebook services down for thousands of users – Downdetector By Reuters

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(Reuters) -Facebook Inc's platforms including WhatsApp, Messenger and Instagram were down for thousands of users on Thursday, according to outage tracking website Downdetector.com. Reports by users showed more than 112,000 issues on Facebook (NASDAQ:FB)'s website, while 101,000 Instagram users and 516 Whatsapp users reported problems as of 6 pm ET. Facebook did not immediately respond to a request for comment. Downdetector tracks outages by collating status reports from a series of sources, including user-submitted errors on its platform. The outages might be affecting a larger number of users. ...

09 April

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HSBC and Asian Development Bank join forces in $300 million vaccine financing By Reuters

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LONDON (Reuters) - HSBC and the Asian Development Bank (ADB) will provide a combined $300 million in financing to help Asia's supply chains boost manufacturing capacity for COVID-19 vaccines, the two lenders said on Friday. The initiative builds on a risk-sharing scheme the banks launched in July to help to fund suppliers of personal protective equipment (PPE) as they and vaccine makers race to meet global demand that outstrips supply. By leaning on the ADB's sovereign-level credit rating, private sector lenders such as HSBC can lend more easily to companies in the complex chain of...

09 April

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Powell Flags ‘Unevenness’ in Recovery, Backs Fed’s Bond Buying Plans By Investing.com

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By Yasin Ebrahim Federal Reserve Chairman Jerome Powell said Thursday the economy has avoided the worst case scenario, but he continued to back the current pace of bond purchases, citing "unevenness" in the recovery. The Fed chief, appearing during a virtual IMF panel discussion on Thursday, didn't sway from the central bank's ongoing narrative that asset purchases will continue until substantial progress is made toward achieving the central bank's employment and inflation goals. The better-than-expected March report caught Powell's attention, but he was quick downplay any meaningful recovery in the labor market as unemployment remains above pre-pandemic...

09 April

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Exclusive: Wizz Air replaces operations chief after probe into pilot redundancies By Reuters

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By Laurence Frost PARIS (Reuters) - Low-cost carrier Wizz Air has replaced its flight operations chief after he was apparently recorded telling his team to draw up a redundancy list of pilots who were often sick or "caused grief" while sparing cheaper contract crew. In a letter to staff dated April 4, seen by Reuters, Wizz said its Head of Flight Operations Darwin Triggs was stepping down from his role after an investigation into "how the COVID-19 related redundancies were determined and carried out" last year. The Budapest-based airline announced plans to cut 1,000 jobs, or...

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S&P 500 Continues Record Run as Tech Reigns Supreme By Investing.com

Crypto traders on Robinhood jump six-fold to 9.5 million in first-quarter By Reuters

Northern Irish leaders struggle to quell worst violence in years By Reuters

Green, amber or red: UK to classify travel destinations in May By Reuters

Asia shares set for choppy session after S&P 500 hits record high By Reuters

Crown to sell majority stake in European packaging unit in $2.7 billion deal By Reuters

Facebook services down for thousands of users – Downdetector By Reuters

HSBC and Asian Development Bank join forces in $300 million vaccine financing By Reuters

Powell Flags ‘Unevenness’ in Recovery, Backs Fed’s Bond Buying Plans By Investing.com

Exclusive: Wizz Air replaces operations chief after probe into pilot redundancies By Reuters

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