30 July

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S&P 500 Slips as Oil Majors Dent Energy; Amazon Slumps By Investing.com

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By Yasin Ebrahim Investing.com – The S&P 500 slipped Friday, paced by a decline in energy and Amazon-led weakness in tech stocks. The S&P 500 fell 0.42%, the Dow Jones Industrial Average slipped 0.37%, or 128 points, the Nasdaq was down 0.60%. Amazon.com (NASDAQ:AMZN) slumped 7% after reporting weaker-than-expected guidance and second-quarter revenue that fell short of Wall Street estimates. Revenue was held back by “customers spending less time in the home as restrictions and lockdowns eased in some of the company’s largest markets,” Wedbush said. “Initial Q3:21 guidance was for revenue of $106.0 – $112.0...

30 July

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U.S. watchdog rejects Blue Origin protest over NASA lunar contract By Reuters

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By David Shepardson WASHINGTON (Reuters) -A U.S. government watchdog on Friday sided with NASA over its decision to pick a single lunar lander provider, rejecting a protest filed by Blue Origin and defense contractor Dynetics Inc. The companies had challenged the $2.9 billion award to Elon Musk's SpaceX for the lander, arguing NASA was required to make multiple awards. The Government Accountability Office (GAO) said it "denied the protest arguments that NASA acted improperly in making a single award to SpaceX." Blue Origin, the rocket company founded by billionaire Jeff Bezos, said Friday it remained...

30 July

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Caterpillar Slips After Saying Margins Will Moderate By Investing.com

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By Dhirendra Tripathi Investing.com – Caterpillar (NYSE:CAT) stock fell by more than 2% in Friday’s premarket as the mining equipment maker’s forecast of softer margins in the third quarter overshadowed its strong earnings for the April-June period. The company's adjusted operating profit margin was 14.1% in the June quarter. That said, compared with the third quarter of last year, this profit margin is seen higher. The maker of construction equipment benefited from high demand for its mining apparatus and engines as economies rebounded and infrastructure and construction activities resumed. Companies choosing to...

30 July

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England’s COVID R and daily case rate drop slightly By Reuters

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LONDON (Reuters) - The COVID-19 reproduction "R" number in England is estimated to have slipped slightly to between 1.1 to 1.4, the government's latest weekly estimate said on Friday, while the daily growth rate of infections also dropped slightly. The R range, which compared to the 1.2 to 1.4 from last week, means that, on average, every 10 people infected will infect between 11 and 14 other people. The daily growth rate of infections was estimated to be between 2% and 5%, down from the 4% and 6% of last week. ...

30 July

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Hard-won gains at risk as Delta variant spreads- WHO By Reuters

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By Stephanie Nebehay and Michael Shields GENEVA (Reuters) -The world is at risk of losing hard-won gains in fighting COVID-19 as the highly transmissible Delta variant spreads, but WHO-approved vaccines remain effective, the World Health Organization said on Friday. The U.S. Centers for Disease Control and Prevention (CDC) has described the Delta variant of the coronavirus as being as transmissible as chickenpox and cautioned it could cause severe disease, the Washington Post said, citing an internal CDC document. COVID-19 infections have increased by 80% over the past four weeks in most regions of the world, WHO...

30 July

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Toshiba’s strategic review committee to make recommendations soon By Reuters

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By Makiko Yamazaki TOKYO (Reuters) -Toshiba Corp's board said on Friday its strategic review committee would identify core and non-core businesses and soon make recommendations to the board on the strategy of the scandal-hit Japanese conglomerate. The statement by the Toshiba board updates a pledge it made in late June that the newly formed strategic review committee would undertake a full review of current assets and also engage with potential strategic and financial investors. The company has been in deeper turmoil since shareholders last month ousted the chairman of the board https://www.reuters.com/business/pivotal-toshiba-shareholder-vote-future-board-chairman-begins-2021-06-25 in a powerful rebuke...

30 July

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AbbVie raises annual profit forecast as Botox demand rebounds By Reuters

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(Reuters) -Drugmaker AbbVie Inc (NYSE:ABBV) raised its 2021 adjusted profit forecast on Friday, betting that a demand uptick for its Botox anti-wrinkle injection due to easing lockdowns will help overcome weak international sales for blockbuster drug Humira. Sales of Botox for cosmetic use rose two-fold to $584 million in the second quarter to trounce estimates of $483 million, as vaccinations encouraged people to step out more and resume non-essential procedures after being holed up at home for months. The company grabbed Botox last year as part of its $63 billion purchase of Allergan (NYSE:AGN),...

30 July

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P&G expects higher annual earnings despite $2 billion input costs By Reuters

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(Reuters) -Procter & Gamble Co forecast higher core earnings for the year, despite warning of a nearly $2 billion hit from higher commodity and transportation expenses, as the consumer goods giant banks on price increases and cost cuts to cushion the hit to its margins. Shares of the maker of Gillette shaving products and Pampers diapers were up 1.3% at $141.35 in premarket trading, after the company reported fourth-quarter sales that beat estimates. Consumer goods firms have been struggling with higher commodity and freight costs this year due to pandemic-related disruptions, forcing many, including Procter...

30 July

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Euro zone rebounds strongly, inflation above ECB target By Reuters

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By Philip Blenkinsop BRUSSELS (Reuters) -The euro zone economy grew faster than expected in the second quarter, pulling out of a recession caused by the COVID-19 pandemic as curbs to stop the virus were eased, while inflation shot past the European Central Bank's 2% target in July. The European Union's statistics office Eurostat said on Friday that its initial estimate of gross domestic product in the 19 countries that use the euro currency was growth of 2.0% quarter-on-quarter and 13.7% year-on-year. Economists polled by Reuters had expected a 1.5% quarterly and a 13.2% annual increase. Among...

30 July

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Monzo discloses money laundering probe, losses increase By Reuters

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By Iain Withers LONDON (Reuters) -British digital bank Monzo has disclosed it is facing a potential civil and criminal money laundering investigation by the Financial Conduct Authority (FCA), in its annual report released on Friday. "We're cooperating with the FCA's investigation, which is at an early stage," Monzo said in its report. For the second year running, the bank's auditors also warned its ongoing losses cast uncertainty over its ability to continue as a going concern. The bank reported bottom line losses for the year to February of 130 million pounds ($181.68 million), up from 114...

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S&P 500 Slips as Oil Majors Dent Energy; Amazon Slumps By Investing.com

U.S. watchdog rejects Blue Origin protest over NASA lunar contract By Reuters

Caterpillar Slips After Saying Margins Will Moderate By Investing.com

England’s COVID R and daily case rate drop slightly By Reuters

Hard-won gains at risk as Delta variant spreads- WHO By Reuters

Toshiba’s strategic review committee to make recommendations soon By Reuters

AbbVie raises annual profit forecast as Botox demand rebounds By Reuters

P&G expects higher annual earnings despite $2 billion input costs By Reuters

Euro zone rebounds strongly, inflation above ECB target By Reuters

Monzo discloses money laundering probe, losses increase By Reuters

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