 | | | | Wall Street's most controversial stock may be about to go mainstream. | | | | | | The S&P 500 and Dow dropped on Thursday as investors worried about another round of business shutdowns to contain a surge in coronavirus cases and began to shift their focus to earnings, while the Nasdaq hit another record closing high. | | | | | | Equity markets slid on Thursday after U.S. data raised worries about the economy's recovery and doused enthusiasm that drove a Chinese stock rally for an eighth straight day, while the dollar rebounded as new coronavirus cases hit another record. | | | | | | The dollar climbed from a four-week low on Thursday, as a decline in U.S. stocks enhanced the currency's safe-haven appeal for investors following a surge in new coronavirus cases and a U.S. Supreme Court ruling on President Donald Trump's financial records. | | | | | | A U.S. judge on Thursday refused to grant immediate bail to a Massachusetts father and son who are trying to avoid extradition to Japan, after being accused of helping smuggle former Nissan Motor Co chairman Carlos Ghosn out of that country. | | | | | | Deloitte should be fined a record 15 million pounds ($19 million) for "serious and serial failings" in its audit of technology company Autonomy, a lawyer for Britain's accounting watchdog told an independent tribunal on Thursday. | | | | | | The Trump administration plans to finalize regulations this week that will bar the U.S. government from buying goods or services from any company that uses products from five Chinese companies including Huawei, Hikvision and Dahua, a U.S. official said. | | | | | | Telecom Italia (TIM) has excluded China's Huawei Technologies from a tender for 5G equipment for the core network it is preparing to build in Italy and Brasil, two sources familiar with the matter said on Thursday. | | | | | | Electric vehicle maker Fisker Inc is in talks to go public through a sale to a so-called blank-check acquisition company, modeled after a successful deal earlier this year by peer Nikola Corp , people familiar with the matter said on Thursday. | | | | | | Oil prices fell about $1 a barrel on Thursday as investors worried that renewed lockdowns to contain the spread of coronavirus in the United States would again sink fuel consumption. | | | | | | U.S. states that have driven a record surge in coronavirus cases may now be slipping backward https://graphics.reuters.com/USA-ECONOMY/REOPEN/yxmpjlxewpr in their economic recovery, as cellphone data shows retail visits in a clutch of high case-growth locations falling below the rest of the country. | | | | | |
