Tech stock rally sends S&P 500 and Nasdaq to record highs
The Nasdaq and S&P 500 hit all-time highs on Monday, fueled by tech stocks as investors expect a robust earnings season while interest rates remain low.
Fed officials express skepticism about a U.S. central bank digital currency
Two Federal Reserve officials on Monday expressed strong skepticism about the need for the central bank to issue a digital currency, saying that many dollar transactions are already virtual and some of the potential benefits of an official digital currency may be accomplished through other means.
U.S. biofuel groups urge EPA to curb oil refinery waivers despite ruling
U.S. biofuel and corn industry groups said on Monday they are urging the Environmental Protection Agency to use restraint in its use of waivers exempting refiners from their biofuel blending obligations after the Supreme Court last week upheld the controversial program.
Ether sees record outflows in last week of June -CoinShares
Ether investment products and funds posted record outflows in the last week of June, bearing the brunt of negative sentiment on cryptocurrencies, according to data on Monday from digital asset manager CoinShares.
S&P Global cuts India’s growth forecasts, trims EM overall
S&P Global cut its growth forecasts for some of Asia’s top economies including India, the Philippines and Malaysia on Monday, offsetting upgrades to China and South Africa and much of Latin America.
EU airlines, airports warn digital COVID-19 certificate roll-out risks chaos
Groups representing Europe’s largest airlines and airports have warned of chaos and hours-long queues unless countries better coordinate the roll-out of the EU’s digital COVID-19 certificate and ensure passengers are processed before arriving at airports.
Crypto firms drop British registration bids amid scrutiny
A growing number of crypto asset firms are abandoning attempts to register with Britain’s financial regulator as global scrutiny of the rapidly-growing sector intensifies.
EXCLUSIVE SoftBank shrinks robotics business, stops Pepper production- sources
SoftBank Group Corp (9984.T) is slashing jobs at its global robotics business and has stopped producing its Pepper robot, according to sources and documents reviewed by Reuters, as the conglomerate downgrades its industry ambitions.
Bitcoin shrugs off UK crackdown on major crypto exchange Binance
Bitcoin on Monday shrugged off a move by Britain’s financial watchdog to target the major Binance exchange, in the latest sign of regulatory pressure on the emerging cryptocurrency sector.
Swiss bank UBS to let most staff adopt hybrid working
UBS Group (UBSG.S) will allow most staff to mix remote working with time spent in the office, Switzerland’s biggest bank said on Monday, taking a more relaxed approach than some of its Wall Street rivals.
