Asian stocks made early gains on Wednesday, following a world rally overnight that saw the Dow Jones benchmark crack 30,000 for the first time as investors cheered a dramatically improved global outlook.
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The dollar nursed losses on Wednesday as progress in developing a novel coronavirus vaccine and expectations for a fiscal boost from a new U.S. government triggered a shift of funds from the greenback to riskier assets.
The S&P 500 is poised to climb 9% between now and the end of 2021 as the anticipated widespread release of a COVID-19 vaccine drives an economic and corporate earnings recovery from the pandemic, according to a Reuters poll of strategists.
Dutch students have created a fully functioning electric car made entirely out of waste, including plastics fished out of the sea, recycled PET bottles and household garbage.
U.S. oil edged lower on Wednesday, after an industry report showed crude stockpiles in the United States rose against expectations, tempering a rally driven by news that another vaccine against COVID-19 had proved effective in trials.
Brazil’s debt has ballooned to unprecedented levels due to the COVID-19 pandemic and the government faces a $112 billion refinancing cliff early next year, with April’s funding needs the highest ever for a single month.
Can you put a price on pollution? Some of the world’s biggest economies are doing just that as they wrestle with how to make good on grand pledges to tame planet-warming emissions.
Optimism around vaccine developments and expectations of a strong bounce in corporate confidence and profitability will push European stocks to near record highs next year, as policymakers look set to keep stimulus flowing.
Japanese shares will likely see a correction in the near term following a global rally fuelled by coronavirus vaccine hopes, but will rise next year to their highest levels in three decades, a Reuters poll published on Wednesday showed.
U.S. websites have seen a surge in travelers seeking expensive ironclad insurance this Thanksgiving, as Americans desperate to break the monotony of a year spent at home look to cover themselves against coronavirus-related risks.
A police officer who denied asking Canadian border agents for Huawei Chief Financial Officer Meng Wanzhou’s phone and laptop passcodes on the day of her arrest two years ago will continue to face cross-examination on how he obtained them Tuesday.
U.S. stock index futures rose on Tuesday as the formal go-ahead for President-elect Joe Biden’s transition to the White House ended weeks of political uncertainty and added to hopes of an economic recovery next year.
British finance minister Rishi Sunak, who has already pledged over 200 billion pounds ($267 billion) to fight the COVID-19 crisis, will free up more cash on Wednesday against the backdrop of the heaviest public borrowing since World War Two.
Gap Inc reported a 32% slump in quarterly profit on Tuesday, hurt by higher marketing expenses, sending the apparel retailer’s shares down about 7% in extended trading.
Treasury Secretary Steven Mnuchin will put the over-$400 billion in CARES ACT funding he took back from the Federal Reserve last week into an account that needs Congressional approval to be tapped
Purdue Pharma LP pleaded guilty to criminal charges over the handling of its addictive prescription painkiller OxyContin, capping a deal with federal prosecutors to resolve an investigation into the drugmaker’s role in the U.S. opioid crisis.
Rio Tinto’s destruction of sacred Indigenous rock shelters in Australia this year has dismayed and galvanised a swathe of investors who want big changes in how mining firms manage heritage issues and have begun to tell them so.
As luxury spending rebounds in China, consumers with money to burn have a new habit beyond fancy bags and watches: a taste for collector editions of fiery domestic liquor Moutai, not to drink but to hold onto as a rapidly appreciating investment.
Deliveries of holiday gifts purchased online at major retailers could get delayed by something far more critical – COVID-19 vaccines.
The Dow Jones Industrial Average breached the 30,000-mark for the first time on Tuesday, as optimism that COVID-19 vaccines will open the way to economic recovery next year fueled Wall Street’s rebound from a pandemic-driven crash this year.
The Federal Communications Commission (FCC) said on Tuesday it had rejected a petition from ZTE Corp asking the agency to reconsider its decision designating the Chinese company as a U.S. national security threat to communications networks.
CoreLogic Inc said on Tuesday its board is fully supportive of the sale process and expects to receive definitive proposals early next year, responding to the latest challenge from investors Cannae Holdings and Senator Investment Group.
Monro Inc, an operator of U.S. car service and tire centers, is under pressure from an activist investor to improve returns and change operations, people familiar with the matter said on Tuesday.
Oil prices held gains on Tuesday as news of a third promising vaccine candidate spurred hopes of a quick recovery in oil demand, while U.S. President-elect Joe Biden received the go-ahead to begin his presidential transition.
Chinese ride-sharing company Didi began rolling out a service in Mexico this week to let female drivers select only other women as their passengers, a move aimed at encouraging their safety as the country confronts worsening gender violence.
Asian stocks opened higher on Tuesday as COVID-19 vaccine progress shored up global sentiment and U.S. President-elect Joe Biden was given the go-ahead to begin his White House transition.
American Eagle Outfitters Inc reported an about 3% fall in third-quarter revenue on Tuesday, as store traffic slumped due to the COVID-19 pandemic.
Ford Motor Co said on Tuesday it has ordered a dozen ultra-cold freezers that can safely store Pfizer Inc’s COVID-19 vaccine, a move aimed at ensuring the U.S. automaker’s workers have access to vaccines when they are rolled out nationally.
The European Union must move too if there is to be a Brexit deal senior minister Michael Gove said on Tuesday, adding that he hopes it will be possible to reach an agreement with Brussels.
The U.S. dollar marked time on Monday as the prospect of an early rollout of coronavirus vaccines was offset by concerns about economic restrictions to control the spread of the virus, leaving safe-haven assets in limbo.
The U.S. securities regulator on Tuesday proposed a pilot program to allow tech companies like Uber and Lyft to pay gig workers up to 15% of their annual compensation in equity rather than cash, a move it said was designed to reflect changes in the workforce.
The Dow Jones Industrial Average clocked its fastest 10,000 point run up to cross 30,000 for the first time on Tuesday, giving the stock market a psychological boost at a time when the coronavirus pandemic has damaged the economy and left millions unemployed.
Home Depot Inc has reached a $17.5 million settlement with most U.S. states to resolve an investigation into a 2014 data breach that compromised payment card information of approximately 40 million consumers, authorities said on Tuesday.
Germany’s coronavirus tracing app needs to be made more compelling for users by offering fast-track entry to venues and queue jumping for events, according to a proposal by the government of Germany’s most populous state.
Nevada’s casinos won’t need to overhaul their operating plans under new guidance issued Tuesday by gaming regulators.
The emergency lending facilities set up by the Federal Reserve to stabilize markets in the spring were successful and could be restarted later if needed after they expire at year end, New York Federal Reserve Bank President John Williams said Tuesday.
Tesla Inc was set to breach $500 billion in market value on Tuesday, as its shares extended a meteoric rally that has seen the stock gain more than six times this year.
Twitter Inc on Tuesday released plans for its new policy on how people are “verified” on the site, an area the company has long promised to revamp to address confusion and criticisms over the blue check-mark badges it uses to authenticate the identity of prominent accounts.
Shares of Ozon Holdings Plc soared more than 40% in their debut on Tuesday, after the Russian online retailer raised nearly $1 billion in its upsized initial public offering.
Airlines are on course to lose a total $157 billion this year and next, their main global body warned on Tuesday, further downgrading its industry outlook in response to a second wave of coronavirus infections and shutdowns afflicting major markets.
Britain’s finance ministry said on Tuesday that the government would spend more than 4 billion pounds ($5.3 billion) over the next three years to get the long-term unemployed and other job-seekers back to work after the COVID-19 pandemic.
St. Louis Federal Reserve President James Bullard on Tuesday said recent developments regarding the success of several coronavirus vaccine candidates suggests an end to the health and economic crisis may be coming into view.
European shares gained on Tuesday as a possible easing of lockdowns in France added to a brighter mood from encouraging developments related to coronavirus vaccines.
JPMorgan Chase & Co has agreed to pay $250 million for risk management and other control failings in its asset and wealth management business, a U.S. regulator said on Tuesday, in the second chunky penalty for the bank in less than two months.
Silicon Valley legend Keith Rabois slams ‘massively improperly run’ city
Mortgage loans reached 13.9 billion reais ($2.58 billion) in October, up 84% over the same period in 2019, reaching a new record, mortgage lender association Abecip reported on Tuesday.
Tesla founder’s net worth soaring
Spanish Prime Minister Pedro Sanchez said on Tuesday he was confident the European Union would find a solution by year-end to overcome opposition from Hungary and Poland to the adoption of the 2021-2027 budget and recovery package.
President Tayyip Erdogan’s decision to oust Turkey’s central bank chief this month was made hours after briefings on the fragile state of the economy, a snap judgement that prompted his son-in-law to resign as finance minister, four sources said.