Stocks reach new records as markets pause on virus concerns
U S equities rose with the S P 500 and Dow at fresh highs on a choppy day while the Nasdaq slid. Tech and health care led gains, utilities and consumer staples helped, but banks and energy lagged as investors grew wary amid rising delta infections and a retreat in small caps and bond yields.
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Feds probe Tesla Autopilot amid crashes with emergency vehicles
The U S government opens a formal investigation into Tesla Autopilot covering 765000 vehicles from 2014 2021 models amid 11 crashes since 2018 at scenes with first responders. NHTSA notes 17 injuries and one death, urges driver attention, while NTSB has urged safeguards.
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Biden expands SNAP benefits with largest ever increase
The administration approves a permanent over 25 percent rise in SNAP benefits starting October, lifting average monthly per person aid from 121 to 157 dollars for all 42 million recipients. The reform updates the Thrifty Food Plan, costing about 20 billion annually, and avoids new congressional approval.
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Hachette to acquire Workman Publishing
Hachette Book Group reaches agreement to buy Workman Publishing, owner of Algonquin and Timber Press imprints. The deal, subject to Department of Justice approval, marks another step in consolidation alongside Penguin Random House and HarperCollins deals.
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