Friday, 23 October 2020

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

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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.

McDonald's urges dismissal of Black former franchisees' discrimination lawsuit

McDonald's Corp on Friday urged a U.S. judge to dismiss a lawsuit by dozens of Black former franchise owners who accused the fast-food giant of racial discrimination for selling them underperforming stores, saying it did not want them to fail and never promised success.

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 reached.

S&P, Nasdaq close higher as stimulus talks in spotlight

The S&P 500 and Nasdaq closed modestly higher on Friday in choppy trading, with investors keeping a close eye on negotiations on a U.S. stimulus package that would ease the economic shock caused by the coronavirus pandemic.

U.S. judge will not reverse decision on WeChat app store ban

A U.S. judge in San Francisco on Friday rejected a Justice Department request to reverse her decision blocking the government from barring Apple Inc and Alphabet Inc's Google from offering Tencent's WeChat for download in U.S. app stores.

Threats to U.S. Treasury market liquidity still exist, Fed says

The U.S. Treasury market still runs the risk of abrupt freezes in liquidity like the one seen in March and April, as the COVID-19 pandemic roiled the financial system, a member of the Federal Reserve Bank of New York's Market Committee said on Friday.

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.

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