Thursday, 15 October 2020

S&P 500 ends lower as investors eye stimulus impasse

S&P 500 ends lower as investors eye stimulus impasse

The S&P 500 ended lower on Thursday after a rise in weekly jobless claims compounded worries about a stalling economic recovery and fading hopes for more fiscal aid before the election.

Exclusive: U.S. offers tariff truce if Airbus repays billions in aid, sources say

The United States has offered to settle a long-running aircraft subsidy dispute with the European Union and remove tariffs on wine, whisky and other products if Airbus repays billions of dollars in aid to European governments, several sources close to the matter told Reuters.

Virus, stimulus angst hit world stocks; dollar shines

Global shares closed lower on Thursday as investors shied from risk and sought safe havens such as the U.S. dollar on fears that a resurgence in coronavirus cases and a lack of more U.S. fiscal stimulus would hobble the world economy.

Fed Chair Powell to speak next week at IMF on digital currencies

U.S. Federal Reserve Chair Jerome Powell will speak Oct. 19 at the International Monetary Fund's annual meeting, the central bank said on Thursday.

Driverless race steps up with Cruise allowed to drive empty in San Francisco

The race for driverless autonomous vehicles is heating up and on Thursday Cruise became the first to receive a permit to test cars without anyone in them on the streets of San Francisco from California's Department of Motor Vehicles.

Daimler posts forecast-beating results as demand rebounds

Carmaker Daimler on Thursday posted forecast-beating third-quarter results, citing a faster than expected market recovery and strong business in September.

Daimler posts forecast-beating third-quarter results as recovery takes hold

Carmaker Daimler on Thursday posted forecast-beating third-quarter results, citing a faster than expected market recovery and strong business in September.

J.C. Penney sale talks stall: Bloomberg News

Talks between J.C. Penney Co's lenders and the would-be buyers, Simon Property Group Inc and Brookfield Property Partners LP , broke down in recent days, Bloomberg News reported on Thursday, citing people with knowledge of the negotiations.

Houston tech mogul Robert Brockman charged in record U.S. tax evasion scheme

Houston technology executive Robert Brockman has been charged in the biggest tax evasion case in U.S. history after fellow billionaire Robert Smith turned against him to avoid prosecution himself, the Justice Department said on Thursday.

Unsuited to new era? Fate of formal fashion hangs by a thread

Italian luxury designer Brunello Cucinelli makes men's suits that sell for up to 7,000 euros ($8,200). But even he - like most people across the globe - hasn't worn a suit for months, let alone bought one.

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