U.S. President-elect Joe Biden looks at his watch as he arrives arrives to announce former South Bend, Indiana Mayor Pete Buttigieg as his nominee for secretary of transportation during a news conference at Biden’s transition headquarters in Wilmington, Delaware, U.S., December 16, 2020. Kevin Lemarque | Reuters WASHINGTON – Tensions […]
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Tesla jumps 6% in heavy volume ahead of S&P 500 entry, stock then falls a bit in after hours
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 Shares of Tesla traded more than four times their 30-day average volume on Friday as passive funds […]
DOJ case against Google likely won’t go to trial until late 2023, judge says
The Google logo outside if its New York City offices, which were closed on May 19, 2020 due to the coronavirus pandemic. Ben Gabbe/Getty Images The Justice Department’s antitrust lawsuit against Google likely won’t go to trial until late 2023, Judge Amit Mehta said at a status hearing on Friday. […]
HHS releases sweeping new report on U.S. Covid outbreak in move toward transparency
The Department of Health and Human Services on Friday published a sweeping new report on the state of the U.S. Covid-19 outbreak, releasing data that was previously available only to government employees. The new “community profile report” uses data collected by various agencies, including the Centers for Disease Control and […]
Fed allows banks to resume share buybacks, JPMorgan stock jumps 5%
The Federal Reserve announced on Friday that it will allow the nation’s big banks to resume share buybacks in the first quarter of 2021 subject to certain rules and that the industry fared well in a second round of stress tests. Dividends will continue to be capped, the Fed said, […]
Here’s who is likely to get a second stimulus check under the latest relief package
Americans may be getting a second stimulus payment for Christmas after all, although lawmakers are still negotiating the details of a new multi-billion relief package. The latest $900 billion pandemic rescue package is set to include support in the form of $300 enhanced weekly unemployment benefits, small business loans, funding […]
Congress working on two-day funding extension hours before government shutdown
US Senate Majority Leader Mitch McConnell, Republican of Kentucky, walks to his office from the Senate Floor at the US Capitol in Washington, DC on December 18, 2020. Saul Loeb | AFP | Getty Images Congress moved perilously close to letting the government shut down as lawmakers failed Friday to […]
Dow falls more than 100 points as lawmakers struggle to seal last-minute stimulus deal
Stocks slipped from record highs in volatile trading on Friday as lawmakers struggled to bridge differences on additional coronavirus stimulus measures. The Dow Jones Industrial Average fell 124.32 points, or 0.4%, to 30,179.05. At its session low, the 30-stock benchmark shed more than 270 points. The S&P 500 dipped 0.4%, […]
Nike shares rise after sneaker maker’s sales top estimates, aided by online growth, strength in China
A woman carries Nike shopping bags at the Citadel Outlet mall, as the global outbreak of the coronavirus disease (COVID-19) continues, in Commerce, California, U.S., December 3, 2020. Lucy Nicholson | Reuters Nike on Friday reported quarterly sales and earnings that topped analysts’ estimates, driven by triple-digit growth online in […]
Government shutdown looks more likely as Congress fails to strike funding, Covid relief deals
US Senate Majority Leader Mitch McConnell, Republican of Kentucky, walks to his office from the Senate Floor at the US Capitol in Washington, DC on December 18, 2020. Saul Loeb | AFP | Getty Images Congress moved perilously close to letting the government shut down as lawmakers failed Friday to […]