 | | | | U.S. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin remained far from agreement on COVID-19 relief in key areas on Thursday, after they failed in a phone discussion to bridge what Pelosi described as differences over dollars and values. | | | | | | Goldman Sachs Group Inc is buying General Motors Co's credit card business for about $2.5 billion, the Wall Street Journal reported on Thursday, citing people familiar with the matter. | | | | | | U.S. Senate Democratic leader Chuck Schumer said Thursday he had just spoken to House Speaker Nancy Pelosi, and that she and Treasury Secretary Steven Mnuchin were still not in agreement on a coronavirus relief package. | | | | | | Oil prices fell 3% on Thursday as rising coronavirus cases around the world dampened the demand outlook, and a rise in OPEC output last month also pressured prices. | | | | | | Renewed U.S. stimulus hopes lifted gold prices and global equity markets on Thursday, but talks faltered while an all-day outage on Tokyo's Nikkei and a Brexit legal dispute sparked a bumpy start to what looks to be a volatile fourth quarter. | | | | | | KLM, the Dutch arm of Air France-KLM , said on Thursday it had submitted a plan to restructure operations to the Dutch state, a condition of the 3.4 billion euros ($4 billion) package in aid it is receiving to avoid bankruptcy amid the COVID-19 pandemic. | | | | | | The U.S. auto sector on Thursday continued to show signs of a recovery from the COVID-19 pandemic as improving demand in the third quarter for new vehicles has General Motors Co and other major automakers scrambling to boost production to rebuild dealer inventories. | | | | | | The U.S. economic recovery continued to advance at a slow pace over the past week, with signs that businesses were still rehiring workers but also that a gusher of government assistance earlier in the year may have run its course. | | | | | | Wall Street see-sawed on Thursday as investors juggled optimism over progress on stimulus talks Washington with signs of waning momentum of economic recovery from the pandemic recession, now entering its ninth month. | | | | | | Boeing Co said on Thursday it will move the rest of its 787 Dreamliner production to South Carolina in 2021, a cost-cutting strategy that raises questions over the future its giant Everett plant north of Seattle. | | | | | |
