19 June

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Ex-Tesla president sold stocks worth $247 million since June 10-SEC filing By Reuters

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BERKELEY, Calif. (Reuters) - Long-time Tesla Inc executive and president Jerome Guillen, who left the company earlier in June, has sold an estimated $274 million worth of shares after exercising stock options since June 10, according to a filing with the Securities and Exchange Commission (SEC). The filing, which was submitted to the SEC on Tuesday, said that Guillen expected to sell 215,718 shares for $129 million that day, and that he offloaded another 145,289 stocks worth $89.6 million on June 14, and 90,111 stocks worth $55 million on June 10. "It could raise some...

19 June

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AstraZeneca Slips As Judge Sets Timeline, Fine For Delayed Shots By Investing.com

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By Dhirendra Tripathi Investing.com – AstraZeneca (NASDAQ:AZN) shares fell more than 1% Friday after a Brussels judge’s ordered it to deliver millions of doses of its Covid-19 shots to the European Union, with a penalty if it is unable to do so. According to an AP report, the European Commission said that the judge had ordered the company to respect a delivery schedule of 15 million doses by July 26, 20 million doses by August 23 and 15 million doses by September 27. European Commission President Ursula von der Leyen told AP the decision confirms the...

19 June

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Palestinians cancel deal for near-expired COVID vaccines from Israel By Reuters

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(Corrects to show that 55% of Israel's entire population of 9.3 million people are fully vaccinated, rather than 55% of its age-eligible population, paragraph 11) By Ali Sawafta and Rami Ayyub RAMALLAH, West Bank/TEL AVIV (Reuters) - The Palestinian Authority (PA) cancelled a deal on Friday to receive soon-to-expire COVID-19 vaccines from Israel after an initial Israeli shipment showed an expiration date sooner than had been agreed, the PA health minister said. Israel and the PA announced a vaccine swap deal earlier on Friday that would have seen Israel send up to 1.4 million Pfizer-BioNTech...

19 June

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Fitch raises UK outlook on economic resilience to pandemic shock By Reuters

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(Reuters) - Rating agency Fitch raised Britain's outlook to 'stable' from 'negative' on Friday, saying macroeconomic, labour market and fiscal outturns since the start of 2021 showed the economy was more resilient to the impact of the pandemic shock. "The roll-out of the UK's coronavirus vaccination programme has been rapid...

18 June

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S&P 500 Falls as Hawkish Fed Talk Heats Up By Investing.com

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By Yasin Ebrahim Investing.com – The S&P 500 fell again Friday, as St. Louis Federal Reserve President James Bullard forecast that the central bank could hike rates sooner than expected to keep a hold on inflation. The S&P 500 fell 0.94%, the Dow Jones Industrial Average slumped 1.2%, or 419 points, and the Nasdaq Composite was down 0.63%. Bullard, a non-voting Fed member, said he expected the first rate hike by the end of the 2022, earlier than the Fed’s current projections, which indicate lift off to occur in 2023. “I put us starting in late 2022,”...

18 June

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S&P 500 Closes Near 1-Month Low on Sooner Rate Liftoff Talk By Investing.com

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By Yasin Ebrahim Investing.com – The S&P 500 closed at nearly one-month lows Friday as St. Louis Federal Reserve President James Bullard spooked the market after making a case for an earlier-than-expected rate to keep handle on inflation. S&P 500 fell 1.37%, the Dow Jones Industrial Average slumped 1.58%, or 553 points, and the Nasdaq Composite was down 0.92%. Bullard, a non-voting Fed member, said he expected the first rate hike by the end of the 2022, earlier than the Fed’s current projections, which indicate lift in 2023. “I put us starting in late 2022,” Bullard said...

18 June

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Exclusive: Fed’s Kashkari opposed to rate hikes at least through 2023 By Reuters

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By Ann Saphir (Reuters) - Minneapolis Federal Reserve President Neel Kashkari said on Friday he wants to keep the U.S. central bank's benchmark short-term interest rate near zero at least through the end of 2023 to allow the labour market to return to its pre-pandemic strength. "The vast majority of Americans want to work, and I am not ready to write them off – and I want to give them the chance to work," Kashkari told Reuters in his first public comments since the end of the Fed's policy meeting earlier this week. "As long...

18 June

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UK’s Ofwat asks water companies to use storm overflows more carefully By Reuters

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(Reuters) - Britain's water regulator on Friday threatened to act against water companies that do not have measures in place to monitor storm overflows during periods of heavy rainfall. The intervention is the regulator's latest in a string of measures targeting British water companies that have faced fines in recent years for polluting water bodies and not preventing water wastage and been ordered to lower shareholder payouts. It follows concerns around the increased use of storm overflows and its possible impact on waterways and local communities, the Water Services Regulation Authority (Ofwat) said in a statement....

18 June

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Bank of America Makes Juneteenth a Holiday, Joining JPMorgan, Wells Fargo By Bloomberg

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(Bloomberg) -- Bank of America Corp (NYSE:BAC). joined JPMorgan Chase & Co. (NYSE:JPM) in closing branches and offices for Juneteenth starting next year after President Joe Biden signed the federal holiday to commemorate the end of slavery in the U.S. into law. The banking giants told U.S. employees they’ll receive a floating paid day off to mark the occasion this year, with June 19 falling on a Saturday. The companies both will add Juneteenth to their regular holiday schedules starting next year, they said in memos to their staffs, with bank branches and other facilities closed...

18 June

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Fed’s Taper Timing Moves Into Focus After Dot-Plot Surprise By Bloomberg

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(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. The Federal Reserve made some big headlines this week, but for a lot of observers they buried the news. Investors have wondered for months when it would begin scaling back its massive asset purchases. When Chair Jerome Powell disclosed Wednesday the taper debate was getting underway, the announcement was overshadowed by the surprise that officials had pulled forward their expected timing and pace of interest-rate increases. Attention a day later turned back to the timing of tapering, alongside confusion over why the...

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Ex-Tesla president sold stocks worth $247 million since June 10-SEC filing By Reuters

AstraZeneca Slips As Judge Sets Timeline, Fine For Delayed Shots By Investing.com

Palestinians cancel deal for near-expired COVID vaccines from Israel By Reuters

Fitch raises UK outlook on economic resilience to pandemic shock By Reuters

S&P 500 Falls as Hawkish Fed Talk Heats Up By Investing.com

S&P 500 Closes Near 1-Month Low on Sooner Rate Liftoff Talk By Investing.com

Exclusive: Fed’s Kashkari opposed to rate hikes at least through 2023 By Reuters

UK’s Ofwat asks water companies to use storm overflows more carefully By Reuters

Bank of America Makes Juneteenth a Holiday, Joining JPMorgan, Wells Fargo By Bloomberg

Fed’s Taper Timing Moves Into Focus After Dot-Plot Surprise By Bloomberg

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