FILE PHOTO: A man wears a protective mask as he walks past the New York Stock Exchange on the corner of Wall and Broad streets during the coronavirus outbreak in New York City, New York, U.S., March 13, 2020. REUTERS/Lucas Jackson/File Photo December 11, 2020 (Reuters) – Wall Street’s main […]
FAN Editor
GE’s stock hasn’t done this since 1987, and it looks like a sell signal, trader says
General Electric’s supercharged comeback could be hitting a wall. Shares of the industrial conglomerate slid by nearly 1% on Thursday after the company agreed to pay a $200 million fine from the Securities and Exchange Commission to settle charges it misled investors about its power and insurance divisions. The stock […]
Stock futures slide as coronavirus relief talks stall
The Leuthold Group Chief Investment Strategist Jim Paulsen discusses mega-cap growth stocks and cyclicals. U.S. stock futures were under pressure Friday morning amid concerns a deal on a COVID-19 stimulus package won’t materialize until after the holidays. Continue Reading Below Dow Jones Industrial Average futures were down 181 points, or 0.6%, […]
Pfizer coronavirus vaccine to receive FDA emergency-use authorization: Alex Azar
Health and Human Services Secretary Alex Azar gives update on Pfizer coronavirus vaccine emergency approval. The Food and Drug Administration will grant emergency-use authorization for the COVID-19 vaccine developed by Pfizer and BioNTech, Health and Human Services Secretary Alex Azar said Friday. Continue Reading Below “At this point, it is really a matter of working out […]
Citizen journalist detained for reporting on China COVID outbreak, “may not survive”
A Chinese citizen journalist who has been in government detention for nearly seven months after reporting on the coronavirus outbreak in Wuhan is now on hunger strike and “may not survive,” her lawyer told CBS News. Zhang Zhan, a 37-year-old former lawyer who posted videos from Wuhan on the internet […]
Temporary hold on evictions expires December 31, putting up to 40 million Americans at risk
A temporary hold on evictions meant to prevent the spread of COVID-19 expires at the end of December, and 30 to 40 million Americans could be at risk of losing their homes. Analysts estimate renters owe up to $70 billion in back rent, and advocates fear that simply delaying eviction […]
Up to 40 million Americans face eviction by the end of 2020
Ten months into the pandemic, renters owe an estimated $70 billion in back rent — and if the hold is not extended, 30 to 40 million Americans could lose their homes, CBS News’ Nancy Cordes reports. The CDC had put a temporary hold on all evictions, to protect public health […]
Electric commercial vehicle maker to go public in SPAC deal with $1.4 billion valuation
December 11, 2020 By Ben Klayman DETROIT (Reuters) – Electric Last Mile Solutions (ELMS) said on Friday it has agreed to go public through a reverse merger with blank-check company Forum Merger III Corp in a deal that values the U.S. electric commercial vehicle maker at $1.4 billion. The deal […]
No deal on Brexit trade more likely than agreement – EU Commission chief
FILE PHOTO: Britain’s Secretary of State for Digital Culture, Media and Sport Oliver Dowden is seen outside Downing Street in London, Britain, March 3, 2020. REUTERS/Henry Nicholls December 11, 2020 By Gabriela Baczynska and Guy Faulconbridge BRUSSELS/LONDON (Reuters) – Britain is more likely to leave the European Union’s orbit on […]
Volatile Tesla’s entry into the S&P 500 may not be a quiet ride for the stock market
People wearing face masks are seen inside a Tesla showroom at a shopping mall in Wuhan, Hubei province, the epicentre of China’s coronavirus disease (COVID-19) outbreak, March 30, 2020. Aly Song | Reuters Tesla’s entry into the S&P 500 could be anything but a quiet ride, and it is likely […]