Stocks Climb, Boosted by Earnings Optimism

U.S. stocks advanced broadly, bouncing back from earlier losses to bring the S&P 500 to a closing high. 


 
Crypto 'Wild West' Needs Stronger Investor Protection, SEC Chief Says

The Securities and Exchange Commission will regulate cryptocurrency markets to the maximum extent possible, Chairman Gary Gensler said, as he called on Congress to grant the agency more authority and resources to regulate the sector. 


 
Ship Seized in Gulf of Oman Amid Rising Tensions with Iran

A tanker ship in the Gulf of Oman was seized by suspected Iranian gunmen, Western officials said, less than a week after a fatal drone attack on another vessel that the U.S. and its allies have blamed on Tehran. 


 
Robinhood's Stock Jumps, Reversing Faltering IPO Debut

Shares of the popular trading app rose to $46.80 on Tuesday, up from the IPO price of $38. 


 
U.S. Issues New Eviction Moratorium

The move follows pressure from progressive Democrats who had pressed for a revival of lapsed tenant protections despite White House officials saying they lacked the legal authority to do so. 


 
Natural Gas Becomes Hot Commodity

A sharp rise in natural-gas prices this summer isn't enticing producers to start drilling again. 


 
As SPAC Creators Get Rich, How Incentives Are Shared Remains Murky

Some investment executives who back SPACs keep lucrative benefits known as "sponsor promotes" for themselves, rather than sharing them with clients. 


 
NYC to Require Vaccination for Many Indoor Activities

The new policy will be phased in the coming weeks and will be implemented Aug. 16. By the week of Sept. 13, the city will begin inspections and enforcement, the mayor said. 


 
Cable, Internet Companies Stand to Gain From Infrastructure Bill

The $1 trillion infrastructure bill moving through the Senate includes $65 billion to improve internet access for poor and isolated communities. 


 
Rents Rise as Workers Return to Cities

Landlord stocks are up big this year, as the rental market exceeds expectations in places like Atlanta.

(END) Dow Jones Newswires

08-03-21 2115ET