Stocks Close Higher After GDP Data

Share benchmarks edged up after fresh data on economic growth and the labor market provided insight into the state of the recovery, amid a flurry of corporate results. 


 
U.S. Import Surge Overwhelms Warehouse Space Near Ports

Warehousing near Southern California's ports is increasingly hard to find. 'You can literally count on your hand at best how many spaces are available,' says DHL Supply Chain's head of real estate in the Americas. 


 
Robinhood's Stock Price Falls After IPO

The company's stock closed down 8.4% in its trading debut after pricing its shares at the bottom of its targeted range. 


 
Credit Suisse Failed to Act on Archegos Risks

An investigation the bank commissioned detailed how some staff raised concerns over Archegos that weren't adequately handled even though the fund repeatedly breached internal loss limits meant to protect the bank. 


 
Didi Weighs Going Private to Placate China, Investors

The ride-hailing giant has been in discussions about how it could resolve some of the problems that emerged after it listed on the NYSE on June 30, according to people familiar with the matter. 


 
The U.S. Economy's Prospects Looked Bright, Until the Delta Variant Surged

Gross domestic product grew at a 6.5% annual rate in the second quarter and the economy exceeded its pre-pandemic size, but slower growth is expected in coming months. 


 
Jobless Claims Resumed Decline Last Week

Workers' filings for new unemployment benefits resumed their decline last week and remain near a pandemic low as the labor market continues to recover from the pandemic, economists say. 


 
Startup Medical-Device Acquisitions Picked Up in First Half

Medical-technology companies are buying more startups as the industry recovers from disruptions to healthcare procedures triggered by the global pandemic last year. 


 
Climate-Conscious Banks Stick With Distressed Polluters

Goldman Sachs and JPMorgan are confronting the need to protect investments in troubled energy companies while also living up to commitments to sustainability in their environmental, social and governance policies. 


 
China Tech Stocks Rebound, but Investors Remain Cautious

The Hang Seng Tech Index jumped 8% after Chinese authorities swung into damage-control mode, but investors remain wary about heightened regulatory pressure.

(END) Dow Jones Newswires

07-29-21 2115ET