Wednesday, 5 August 2020

Wonderful world of Disney earnings surprise boosts Wall Street

Wonderful world of Disney earnings surprise boosts Wall Street

U.S. stocks climbed on Wednesday on the heels of a surprise quarterly profit from Disney and as investors stayed optimistic that a deal was near for a U.S. coronavirus fiscal aid package.

U.S. wants to see 'untrusted' Chinese apps removed from app stores, Pompeo says

The United States wants to see "untrusted" Chinese apps removed from American app stores, U.S. Secretary of State Mike Pompeo said on Wednesday, calling the Chinese-owned short-video app TikTok and messenger app WeChat "significant threats."

Zynga raises bookings forecast, buys another Turkish game-maker

Zynga Inc raised its full-year bookings forecast after topping quarterly estimates on Wednesday, encouraged by strong engagement from stuck-at-home players and its recent acquisition of Turkish mobile-game maker Peak.

Gold strides further above $2,000/oz, dollar weakens

Gold pushed further past $2,000 an ounce on Wednesday in the face of a weak dollar and expectations of more stimulus measures for the pandemic-ravaged global economy, while stocks in Europe and on Wall Street rallied on encouraging corporate earnings.

Mediaset says ready to seek end to Vivendi spat after merger plan blocked

Italy's top commercial broadcaster Mediaset said on Wednesday it was ready to start talks with its second largest investor Vivendi after it dropped plans for a pan-European broadcasting platform which the French group opposed.

Levandowski gets 18 months in prison for stealing Google files

(This August 4 story corrects Levandowski's role at Pronto to co-founder and technical adviser, not that he "runs" Pronto, in 12th paragraph.)

Exclusive: Republican senators back extending $25 billion payroll aid for U.S. airlines; shares jump

A group of Senate Republicans on Wednesday backed extending a $25 billion payroll assistance program for U.S. airlines after warnings that carriers may be forced to cut tens of thousands of jobs without government action, according to a letter seen by Reuters.

Fed policymakers say pickup in infections slowing U.S. economic recovery

A resurgence in coronavirus cases is slowing the economic recovery and the disease will continue to weigh on the U.S. economy and American life until at least the end of next year, two Federal Reserve policymakers said on Wednesday.

Canada's Barrick Gold considers switching primary stock listing to NYSE: WSJ

Canadian gold miner Barrick Gold Corp is weighing moving its main listing from Toronto to New York, the company's chief executive said, a step that would weaken its traditional links to Canada, according to a Wall Street Journal report on Wednesday.

Goldman sets new goals for employing Black, Latino, female vice presidents

Goldman Sachs Group Inc said on Wednesday that by 2025 it wants 7% of its employees with the title vice president to be Black and 9% to be Latino professionals.

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