FILE PHOTO: The logo of Bytedance, the China-based company which owns the short video app TikTok, or Douyin, is seen at its office in Beijing, China July 7, 2020. REUTERS/Thomas Suen November 11, 2020 By Julie Zhu and Yingzhi Yang HONG KONG/BEIJING (Reuters) – TikTok-owner ByteDance is on track to […]
One America News Network
Goldman Sachs lifts S&P 500 target on vaccine hopes, Biden win
FILE PHOTO: A sign is displayed in the reception of Goldman Sachs in Sydney, Australia, May 18, 2016. REUTERS/David Gray November 11, 2020 LONDON (Reuters) – Goldman Sachs lifted its 2020 S&P 500 <.SPX> target to 3,700 points on Wednesday after a much-awaited positive vaccine announcement and Joe Biden’s U.S. […]
Analysis: Pandemic payment holidays mask wave of European problem debt
November 11, 2020 By John O’Donnell FRANKFURT (Reuters) – Pandemic payment breaks on European loans totalling billions of euros threaten to undermine efforts by the region’s banks to put the coronavirus crisis behind them. Some of the millions of borrowers who were given repayment holidays by banks and governments across […]
No more fiscal firehose? That might be okay by the Fed
FILE PHOTO: Mary Daly, President of the Federal Reserve Bank of San Francisco, poses after giving a speech on the U.S. economic outlook, in Idaho Falls, Idaho, U.S., November 12 2018. REUTERS/Ann Saphir/File Photo November 11, 2020 By Ann Saphir (Reuters) – A surge in novel coronavirus cases threatens to […]
European shares extend rally on vaccine cheer
November 11, 2020 (Reuters) – European shares rose for a third straight session on Wednesday as optimism around a COVID-19 vaccine overshadowed concerns about the economic damage from a second wave of coronavirus infections across the continent. The pan-European STOXX 600 <.STOXX> gained 0.4%, building on a 5% rally this […]
Federal judge dismisses some claims by Apple in fight against Epic Games
November 11, 2020 (Reuters) – A federal judge in California late on Tuesday dismissed some of Apple Inc’s counterclaims against Epic Games, in a dispute that has seen the online game maker’s “Fortnite” game removed from the iPhone maker’s App Store. Apple and Epic have been in a legal battle […]
PLO’s Saeb Erekat to be buried amid military ceremony, wreath-laying
November 11, 2020 By Ali Sawafta and Rami Ayyub RAMALLAH, West Bank (Reuters) – On the 16th anniversary of the death of Palestinian leader Yasser Arafat, preparations were underway on Wednesday for the funeral of his former confidant and spokesman Saeb Erekat, who died after contracting COVID-19. Erekat, 65, served […]
Biden prepares for White House while Trump presses legal attack
U.S. President-elect Joe Biden speaks about health care and the Affordable Care Act (Obamacare) at the theater serving as his transition headquarters in Wilmington, Delaware, U.S. November 10, 2020. REUTERS/Jonathan Ernst November 11, 2020 By Andy Sullivan WASHINGTON (Reuters) – President-elect Joe Biden plans further meetings on Wednesday to lay […]
Bridgewater’s Dalio supports Ant IPO suspension, bullish on China
November 11, 2020 SHANGHAI (Reuters) – Ray Dalio, founder of Bridgewater Associates, expressed support on Wednesday for China’s abrupt decision to suspend Ant Group’s record $37 billion listing, citing the need to curb risks from financial innovation. At the same time, Dalio, who calls himself a “chronic bull on China”, […]
Sydney Opera House lit with poppies for Remembrance Day
November 11, 2020 By Jill Gralow SYDNEY (Reuters) – Poppies illuminated the sails of the Sydney Opera House at dawn on Wednesday as Australia marked the 102nd anniversary of Remembrance Day. As the sun rose, a lone bugler played the Last Post to mark the end of World War I […]