Monday, 24 August 2020

Daily Investor Update: Tesla, automakers urge FTC to seek appeal after defeat in Qualcomm case

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Tesla, automakers urge FTC to seek appeal after defeat in Qualcomm case

A group of tech companies and automakers, including Tesla Inc , Ford Motor Co , Honda Motor Co Ltd and Daimler AG , on Monday urged the U.S. Federal Trade Commission to seek an appeal after its loss in a case against chip supplier Qualcomm Inc .

Global stocks advance on coronavirus treatment hopes, dollar gains

A gauge of global equity markets neared a record high on Monday, as coronavirus treatment hopes bolstered risk appetite and lifted the S&P 500 and Nasdaq to all-time peaks, which buoyed the dollar.

LVMH and Tiffany push back deal deadline by three months: source

French luxury goods giant LVMH and U.S. jewellery chain Tiffany will give themselves another three months to complete their $16.2 billion tie-up after the deal did not close on the Aug. 24 date set out in deal documents, a source familiar with the discussions said.

TikTok sues Trump administration over U.S. ban, calls it an election ploy

TikTok on Monday sued U.S. President Donald Trump's administration over his executive order banning transactions in the United States with the popular short-form video-sharing app, calling it a pretext to fuel anti-China rhetoric as he seeks reelection.

Wall Street rides bull market momentum, S&P, Nasdaq on course for new highs

Wall Street gained on Monday, setting the S&P 500 and the Nasdaq on track for record closing highs as optimism over potential medical advances in the war against the coronavirus pandemic helped keep investors in a buying mood.

Facebook blocks group of one million critical of Thai monarchy amid government pressure

Facebook on Monday blocked access within Thailand to a group with 1 million members that discusses the country's king, after the Thai government threatened legal action over failure to take down content deemed defamatory to the monarchy.

Uncertain future keeps California citrus grower awake at night

The potential loss of his life's work has kept Vince Bernard up at night, worried about whether he would be able to save his citrus farm.

Germany investigates Porsche over suspected petrol engine manipulation

Germany's motor vehicle authority KBA is investigating Volkswagen's luxury sports vehicles unit Porsche AG over the suspected manipulation of petrol engines to achieve improved emissions data.

Zoom says service restored after U.S. users hit by partial outage

Video-conferencing company Zoom Video Communications Inc said on Monday it had restored service to its U.S. users after a partial outage left many unable to log in to work meetings or attend school classes remotely.

Tesco to create 16,000 more permanent jobs in online boom

Britain's largest supermarket Tesco on Monday said it will create an additional 16,000 permanent jobs to support the exceptional growth in its online business and may even increase the number of roles as the lockdown boosted its sales.

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