Thursday, July 1, 2021

Financial Post

Financial Post


S&P 500 kicks off quarter with sixth straight record close in sight

Posted: 01 Jul 2021 11:23 AM PDT

NEW YORK -- The S&P 500 was on its way to its sixth consecutive all-time closing high on Thursday, as investors greeted a new quarter and the second half of the year in a buying mood. Read More

Volkswagen sees strongest first-half U.S. sales since 1973

Posted: 01 Jul 2021 11:22 AM PDT

Volkswagen of America said it sold more than 211,000 cars in the first half of 2021, its highest level for the period in nearly 50 years, and is on pace to sell more than 400,000 this year, Chief Executive and President Scott Keogh said in a media briefing on Thursday. Read More

Online risk management platform Riskified files for U.S. IPO

Posted: 01 Jul 2021 11:15 AM PDT

Riskified Ltd, an e-commerce risk Read More

El Salvador’s Bukele seeks 20% minimum wage hike, orders food handouts

Posted: 01 Jul 2021 11:14 AM PDT

SAN SALVADOR -- El Salvadoran President Nayib Bukele on Thursday requested a minimum wage hike of 20% from August, citing the impact of global inflation on poor Salvadorans. Read More

Oil companies bet on $100 a barrel as they rush to sell assets

Posted: 01 Jul 2021 11:10 AM PDT

NEW YORK -- Oil companies are betting that if they sell land, buyers will come, as crude prices have soared more than 50% this year, fueling the most robust pipeline of deals in more than four years. Read More

Proactive news headlines including AEX Gold, Helix BioPharma, Imagine AR, Empower Clinics and Kintara Therapeutics

Posted: 01 Jul 2021 11:09 AM PDT

New York , July 01, 2021 (GLOBE NEWSWIRE) -- Proactive, provider of real-time news and video interviews on growth companies listed in the US and Canada, has covered the following companies: Read More

U.S. CBO projects 2021 deficit at $3 trillion, sees stronger growth

Posted: 01 Jul 2021 11:07 AM PDT

WASHINGTON -- The U.S. government's budget deficit will decline slightly to about $3 trillion in fiscal 2021 despite higher coronavirus aid spending, the Congressional Budget Office said on Thursday, citing a stronger rebound in economic growth and tax revenues compared to previous forecasts. Read More

Brazil posts $10.4 bln trade surplus in June – ministry

Posted: 01 Jul 2021 11:03 AM PDT

BRASILIA -- Brazil posted a $10.4 billion trade surplus in June, figures showed on Thursday, close to the consensus forecast in a Reuters poll for a $10.7 billion surplus and up sharply from a $6.5 billion surplus in the same month last year. Read More

Online brokerage Robinhood reveals revenue surge in IPO filing

Posted: 01 Jul 2021 10:59 AM PDT

Robinhood Markets Inc, the online brokerage at the center of Wall Street's recent retail trading frenzy, revealed a huge surge in revenue on Thursday as it set the stage for one of the most anticipated stock market listings of the year. Read More

130 countries back global minimum corporate tax of 15%

Posted: 01 Jul 2021 10:58 AM PDT

PARIS -- Most of the countries negotiating a global overhaul of cross-border taxation of multinationals have backed plans for new rules on where companies are taxed and a tax rate of at least 15%, they said on Thursday after two days of talks. Read More

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