23 July

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Intel sales forecast implies rocky second half of 2021 amid supply constraints By Reuters

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By Stephen Nellis and Chavi Mehta (Reuters) -Chipmaker Intel Corp (NASDAQ:INTC) said on Thursday it still faces supply chain constraints and gave an annual sales forecast that implied a weak end of the year. The 2021 forecast of $73.5 billion in adjusted sales was higher than Wall Street expectations, appeared driven by a strong second quarter ended June 26 and a modestly better-than-expected third-quarter, implying a weak fourth quarter. The results sent shares down 2.8% in after-hours trading after the results. Intel, one of the few remaining companies in the processor chip industry...

23 July

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Spacing Pfizer COVID shots boosts antibody levels after initial drop -study By Reuters

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LONDON (Reuters) - A longer gap between doses of Pfizer (NYSE:PFE)'s COVID-19 vaccine leads to higher overall antibody levels than a shorter gap, a British study found on Friday, but there is a sharp drop in antibody levels after the first dose. The study might help inform vaccination strategies against the Delta variant, which reduces the effectiveness of a first dose of COVID-19 vaccine even though two doses are still protective. "For the longer dosing interval ...

23 July

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Twitter beats revenue targets with ad improvements, shares jump 5% By Reuters

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By Sheila Dang (Reuters) -Twitter Inc on Thursday reported higher revenue growth than Wall Street had expected, as the social media platform rolled out ad targeting improvements to help brands reach potential customers. Shares of Twitter rose 5% to $73 in trading after the bell. Since the start of the year, Twitter has raced to introduce products in new areas like audio-only chat rooms and newsletter publishing in an effort to turn around years of business stagnation and reach its goal of doubling annual revenue by 2023. Advertising revenue totaled $1.05 billion, up 87% from the...

23 July

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NYC Hotels See Busiest Week Since Pandemic Struck, Mayor Says By Bloomberg

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(Bloomberg) -- New York City’s hotel industry is starting to revive as tourists return, driving demand for rooms to the highest since the city became an epicenter of the pandemic in March 2020, Mayor Bill de Blasio said. City hotels sold more than 481,000 room nights last week, a 17,000 increase from the previous week, de Blasio said. Visits to the Statue of Liberty were up 22% last week compared with the last week in June, and the mayor said the city is on its way to exceeding its weekly goal of 500,000 hotel room...

23 July

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Exclusive-French minister rejects UK Brexit renegotiation request By Reuters

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By Michel Rose PARIS (Reuters) -France's Europe minister Clement Beaune rejected on Thursday Britain's request to renegotiate the Brexit deal governing trade with Northern Ireland, dismissing British accusations of European dogmatism as a "tall tale". Britain on Wednesday demanded a new deal from the European Union to govern post-Brexit trade with the British province, saying it already had cause to step away from parts of the deal that it struck with Brussels only last year. London accuses Brussels of being too purist, or legalistic, in interpreting what the deal means for some goods moving from...

22 July

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Warren Keeps Up Criticism of Powell’s Stance on Bank Regulation By Bloomberg

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(Bloomberg) -- Senator Elizabeth Warren kept up her criticism of Federal Reserve Chairman Jerome Powell on Thursday, expressing concern about his views on bank regulation when asked if President Joe Biden should reappoint the central bank chief. “The chairman of the Federal Reserve has two obligations. One, to lead us in monetary policy, and the second, in regulating the largest financial institutions,” Warren told reporters on Capitol Hill. “I have asked the chairman repeatedly from the time he was nominated about his views on regulation. I am concerned when I see the rules weakened rather than...

22 July

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Wall Street turns positive after choppy trading due to higher jobless claims By Reuters

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By Jessica DiNapoli NEW YORK (Reuters) - U.S. stock markets turned positive on Thursday as investors digested data showing a two-month high in unemployment claims as the country still grapples with the pandemic, while yields on safe-haven assets such as U.S. Treasuries eased. All three major U.S. stock indexes were positive by mid-afternoon after the Dow and S&P 500 fell earlier in the day in on the number of Americans filing new claims for unemployment benefits. The dollar also rose after it had slid earlier in the trading session. “We had a form of capitulation...

22 July

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Lagarde won over most dissenters but two held out in ECB guidance debate -sources By Reuters

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FRANKFURT (Reuters) - A significant group of European Central Bank policymakers objected to the new interest rate guidance it gave on Thursday but most were won over and only two -- the German and Belgian central bank chiefs -- held out, four sources told Reuters. The ECB said after Thursday's meeting that it would not hike borrowing costs until it sees inflation reaching its 2% target "well ahead of the end of its projection horizon and durably", a commitment Bundesbank chief Jens Weidmann and Belgium's Pierre Wunsch objected to. "It was an unusually robust debate, and...

22 July

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Blackstone doubles second quarter earnings on surging asset sales By Reuters

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By Chibuike Oguh (Reuters) -Blackstone Group Inc said on Thursday its second-quarter distributable earnings nearly doubled year-on-year, driven by a surge in asset sales across its real estate, private equity and credit businesses. Blackstone (NYSE:BX)'s shares rose 4.5% on Thursday morning, pushing its market capitalization to a record high of $131 billion, overtaking Goldman Sachs Group Inc (NYSE:GS), another Wall Street heavyweight. Shares of other publicly listed private equity firms also staged record rallies as they capitalized on frothy market valuations to cash out on assets for top dollar. Private equity firms that...

22 July

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AT&T raises forecast for revenue, HBO Max as business recovers from pandemic By Reuters

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By Sheila Dang and Eva Mathews (Reuters) -AT&T Inc on Thursday raised its full-year financial forecast as the telecoms company emerged from the pandemic with more wireless and internet customers, and beat analyst estimates for phone subscribers and revenue in the second quarter. The results come as AT&T (NYSE:T) is unwinding its expensive media investments to focus on its original business of providing phone and internet services. Ahead of closing a deal to combine its media content with Discovery, AT&T said WarnerMedia continued to attract more customers to streaming service HBO Max and notched higher...

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News

Intel sales forecast implies rocky second half of 2021 amid supply constraints By Reuters

Spacing Pfizer COVID shots boosts antibody levels after initial drop -study By Reuters

Twitter beats revenue targets with ad improvements, shares jump 5% By Reuters

NYC Hotels See Busiest Week Since Pandemic Struck, Mayor Says By Bloomberg

Exclusive-French minister rejects UK Brexit renegotiation request By Reuters

Warren Keeps Up Criticism of Powell’s Stance on Bank Regulation By Bloomberg

Wall Street turns positive after choppy trading due to higher jobless claims By Reuters

Lagarde won over most dissenters but two held out in ECB guidance debate -sources By Reuters

Blackstone doubles second quarter earnings on surging asset sales By Reuters

AT&T raises forecast for revenue, HBO Max as business recovers from pandemic By Reuters

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