Friday 23 October 2020

Investors left hanging as stimulus talks drag on

Investors left hanging as stimulus talks drag on

Global stocks treaded water and the dollar fell on Friday as investors were left hanging, waiting to see if a long-awaited agreement on a fresh U.S. coronavirus relief package will finally be agreed.

U.S. solar stocks rise on Biden's clean energy focus in pre-election debate

U.S. solar stocks rose on Friday after U.S. Democratic presidential candidate Joe Biden said in the final pre-election debate on Thursday night that if elected he plans to transition to a more climate-friendly economy.

Dow slips, S&P flat as stimulus stalemate weighs

The Dow traded lower on Friday, while the S&P 500 and Nasdaq were little changed in choppy trading, pressured by a stalemate in negotiations on a new U.S. coronavirus aid bill as investors turned cautious ahead of the Nov. 3 presidential election.

AmEx issues dismal outlook on business travel spending as profit slumps

American Express Co on Friday warned that business travel spending would not pick up before early 2022 after reporting underwhelming third-quarter profit due to weak spending on travel and entertainment by its card users.

Technogym bets on home fitness boom as virus empties gyms

Italian fitness-equipment maker Technogym is working to supply more of its exercise machines and virtual trainers to peoples' homes to offset a drop in sales to gyms and studios due to the pandemic.

Walmart sues federal government over opioid case

Walmart Inc said on Thursday it had filed a lawsuit against the federal government, seeking clarity on the roles and legal responsibilities of pharmacists and pharmacies in filling opioid prescriptions.

Analysis: Investors' bold bets on Biden win pose market risk

With less than two weeks to go before the U.S. presidential election, investors may be placing too much confidence in a decisive win by Democratic challenger Joe Biden as his lead in opinion polls narrows.

Google must respond to U.S. antitrust lawsuit by Dec. 19

Alphabet Inc's Google must respond to the U.S. Justice Department's antitrust lawsuit by Dec. 19, according to a court filing on Friday.

This is Barbie's holiday season, says Mattel as toy demand surges

Mattel Inc reported a surprise rise in quarterly sales on Thursday and forecast more growth in the holiday season, as retailers rushed to restock their shelves of Barbie dolls and other toys in high demand from stuck-at-home kids.

Analysis: Airbus moves to speed output, but keeps one foot on brake

The world's largest planemaker Airbus has taken the industry by surprise by asking suppliers to prepare for a sharp increase in production after the coronavirus crisis - yet at the same time it quietly delayed its timetable for recovery.

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