07 August

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S&P 500, Dow Notch Records as Jobs Report Renews Optimism on Recovery By Investing.com

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By Yasin Ebrahim Investing.com – The S&P 500 and Dow closed at record highs Friday, riding a wave of optimism over the recovery after data showed the economy created more jobs than expected last month. The S&P 500 rose 0.2% and had hit a record intraday high of 4,436.70. The Dow Jones Industrial Average climbed 0.4%, or 144 points, to remain close to its all-time high of 35,208.51. The Nasdaq was down 0.40%. The U.S. economy created 943,000 jobs in July, above forecasts for a gain of 870,000, while the unemployment rate fell to 5.4% from 5.9%. Average hourly...

07 August

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Amazon orders all U.S. employees to mask up at work By Reuters

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(Reuters) - Amazon.com Inc (NASDAQ:AMZN) has ordered all U.S. employees to wear a mask at work regardless of their vaccination status, as the highly infectious Delta variant of COVID-19 sweeps the country. Companies across the United States have tightened their defenses against the virus, after the Delta variant forced the U.S. public health agency to reverse course and insist on even fully vaccinated individuals wearing masks. "We are monitoring the situation closely and will continue to follow local government guidance and work closely with leading medical healthcare professionals, gathering their advice and recommendations as...

07 August

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Analysis-U.S. jobs report bolsters case for Fed to taper asset purchases By Reuters

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By Ann Saphir (Reuters) - U.S. employment data showing strong job gains, a sharp drop in the unemployment rate and a rise in wages last month is likely to push the Federal Reserve closer to paring its massive support for the economy. It certainly helps meet Fed Governor Christopher Waller's bar for doing so. Earlier this week the newest addition to the U.S. central bank's policymaker panel said he felt the Fed could start tapering its $120 billion in monthly asset purchases by October if 800,000 to 1 million jobs were added in...

07 August

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Robinhood shares dive 27.6%; filing sparks worries early investors could sell By Reuters

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(Deletes reference in paragraph 4 to future share sales depending on stock performance targets, which is incorrect) (Reuters) -Shares of Robinhood Markets Inc (NASDAQ:HOOD) tumbled on Thursday, snapping a four-day winning streak, after the newly public online brokerage said early investors may sell nearly 98 million shares. Robinhood’s shares finished down 27.6% at $50.97 a day after they jumped more than 50%. The company went public on July 29 at $38, with its shares initially falling below the public offering price before galloping higher. In a regulatory filing https://sec.report/Document/0001628280-21-015656 submitted Thursday the company...

07 August

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Brazil’s Bolsonaro fans judiciary flames, calls top judge ‘son of a whore’ By Reuters

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By Anthony Boadle BRASILIA (Reuters) - Brazil's far-right President Jair Bolsonaro ignored calls to drop his feud with the Supreme Court on Friday and called one of its justices a "son of a whore," amid rising tensions over his unfounded claims the nation's voting system is vulnerable to fraud. Speaking to supporters in southern Brazil, he insulted Luis Roberto Barroso, the top court justice who also heads the Supreme Electoral Court. The insult was uttered during a live broadcast shared on Bolsonaro's Facebook (NASDAQ:FB) account but later deleted. Copies continue to be shared on social media....

06 August

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UK’s Vectura takeover battle heats up as Carlyle outbids Philip Morris By Reuters

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By Pushkala Aripaka and Yadarisa Shabong (Reuters) -Private equity firm Carlyle Group (NASDAQ:CG) on Friday outbid tobacco company Philip Morris (NYSE:PM) in the takeover battle for Vectura, offering to buy the British drugmaker for about 958 million pounds ($1.3 billion). U.S.-based Carlyle increased its offer to 155 pence from 136 pence per Vectura share in cash, topping Philip Morris' 150 pence proposal in July. Vectura's shares jumped as much as 7% to a more than four year high of 164.8 pence, indicating investors may be expecting a counter bid. Vectura, which makes respiratory treatments,...

06 August

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Wall Street muted on jobs growth as inflation, Delta fears weigh By Reuters

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By Lawrence Delevingne BOSTON (Reuters) -A positive jobs report drove Wall Street stocks rose modestly higher and spurred a rise in Treasury yields on Friday, but investor optimism was tempered by worries about inflation and the impact of the coronavirus Delta variant on the economy. Nonfarm payrolls increased by 943,000 in July after rising 938,000 in June, the Labor Department said in its closely watched employment report, pushing unemployment down to 5.4% and suggesting the economy maintained its strong momentum. Economists polled by Reuters had forecast payrolls increasing by 870,000 jobs. "It's a number that's...

06 August

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Canada shares higher at close of trade; S&P/TSX Composite up 0.47% By Investing.com

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Investing.com – Canada equities were higher at the close on Friday, as gains in the Financials, Healthcare and Energy sectors propelled shares higher. At the close in Toronto, the S&P/TSX Composite rose 0.47% to hit a new all time high. The biggest gainers of the session on the S&P/TSX Composite were Westport Fuel Systems Inc (TSX:WPRT), which rose 29.41% or 1.45 points to trade at 6.38 at the close. Lithium Americas Corp (TSX:LAC) added 5.33% or 0.94 points to end at 18.59 and goeasy Ltd (TSX:GSY) was up 4.77% or 8.18 points to 179.77...

06 August

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Black Americans Leave Workforce, Driving Their Jobless Rate Down By Bloomberg

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(Bloomberg) -- Black Americans saw a sizable drop in unemployment in July, but the decrease came as workers left the labor force, an indication that the jobs recovery remains uneven. The jobless rate for Black Americans fell to 8.2%, the lowest level since March of 2020, and down from 9.2% in June, according to figures released Friday by the Department of Labor. Black men in particular saw a large decline. Behind the lower rates is a drop in participation for both Black men and women, as well as Latina women aged 20 and over. Most other...

06 August

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German bond yields rise after U.S. jobs surprise By Reuters

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By Yoruk Bahceli (Reuters) -Germany's bond yields rose on Friday after stronger-than-expected U.S. jobs data for July, but the rise lagged U.S. Treasuries, pushing the yield gap between the countries' 10-year bonds to their widest since June. The data, which showed non-farm payrolls increased by 943,000, more than the 870,000 expected in a Reuters poll, is key to bond markets as the labour market will be crucial to the U.S. Federal Reserve's decision on when to start tapering its bond buying. A strong reading has therefore been seen as a catalyst that could drive...

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S&P 500, Dow Notch Records as Jobs Report Renews Optimism on Recovery By Investing.com

Amazon orders all U.S. employees to mask up at work By Reuters

Analysis-U.S. jobs report bolsters case for Fed to taper asset purchases By Reuters

Robinhood shares dive 27.6%; filing sparks worries early investors could sell By Reuters

Brazil’s Bolsonaro fans judiciary flames, calls top judge ‘son of a whore’ By Reuters

UK’s Vectura takeover battle heats up as Carlyle outbids Philip Morris By Reuters

Wall Street muted on jobs growth as inflation, Delta fears weigh By Reuters

Canada shares higher at close of trade; S&P/TSX Composite up 0.47% By Investing.com

Black Americans Leave Workforce, Driving Their Jobless Rate Down By Bloomberg

German bond yields rise after U.S. jobs surprise By Reuters

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