Market Pulse - Usa
Over $4bn wiped off Coca-Cola market value after Ronaldo rejects bottle
Footballer Cristiano Ronaldo, removed two Coca-Cola bottles from the table during a press conference at the Eurocup 2020 football tournament and caused a $4bn fall in the share price of the company.
US close: Stocks end session lower following FOMC update
Wall Street stocks ended the session in the red following a press conference held by Federal Reserve chairman Jerome Powell.
Stocks slip as Fed raises projections for rate hikes in 2022 and 2023
Central bankers in the US nudged up their individual projections for short-term interest rates in 2022 and 2023 at their two-day policy meeting, although they didn't actually discuss potential dates for the so-called 'lift-off' in rates.
Ex-Fed Governor Warsh says betting on change in stance is a 'long putt'
A former top US central bank official said that betting on a change in policy stance before August's Jackson Hole central banking symposium was a "long putt from here".
Director dealings: Aston Martin Lagonda director picks up some shares
Aston Martin Lagonda non-executive director, Robin Freestone, picked up some shares in the carmaker as they were trading near their level from just before the start of the Covid-19 pandemic.
GM to raise spending on EVs by almost one third
General Motors announced on Wednesday that it would increase spending on electric vehicles to $35bn by 2025, a 30% increase on the plans announced in 2020.
US import prices jump past forecasts in May
The cost of goods purchased overseas jumped past forecasts last month, even if those exported increased in price even faster.
US housing starts rise in May, even as sector comes off the boil
Housing starts rose last month but by less than anticipated, alongside a continued decline in permits for new construction, pointing to a residential market that was coming off the boil.
Citi sees Q2 trading revenues falling by a third
Citigroup's trading revenues could drop by nearly a third during the second quarter as the pandemic-fuelled boom loses steam.