Friday, 9 October 2020

Wall Street finishes up as stimulus talks continue

Reuters.com Newsletter

Wall Street finishes up as stimulus talks continue

U.S. stocks rose on Friday and the S&P 500 and Nasdaq registered their biggest weekly percentage gains since July as optimism over more federal fiscal aid grew.

Wall Street closes higher on U.S. stimulus hopes, gold spikes and dollar drops

International stocks rose on Friday, with all three major Wall Street indexes posting weekly gains as investors grew more hopeful the U.S. government would provide additional economic stimulus.

Canada's struggling hospitality businesses face 'perfect storm' as insurers flee

(This October 8 story corrects second last paragraph to say ALIGNED Insurance is an insurance broker not mortgage broker)

Hurricane Delta shuts most U.S. offshore oil output in 15 years

Large and powerful Hurricane Delta dealt the greatest blow to U.S. offshore Gulf of Mexico energy production in 15 years, halting most of the region's oil and nearly two-thirds of natural gas output.

Myanmar-born 'dreamer' snaps up U.S. drilling leases amid industry malaise

A Myanmar-born perfume entrepreneur and missionary has snapped up nearly half of the oil and gas leases offered by the Trump administration since August, saying the coronavirus pandemic created an opportunity to buy them cheaply.

Factbox: Big Tech's market dominance spurs numerous U.S. antitrust probes

The four Big Tech companies -- Alphabet's Google , Amazon , Apple and Facebook -- face an array of antitrust investigations at the federal and state level which were revealed in mid-2019.

Fearing Biden tax hikes, wealthy Americans rush to change estate plans

Wealthy Americans are scrambling to change their estate plans before year-end, worried that Democrat Joe Biden will win the U.S. presidential election and raise taxes, say financial advisers to the moneyed set.

Trump steel tariffs bring job losses to swing state Michigan

President Donald Trump promised a new dawn for the struggling U.S. steel industry in 2016, and the lure of new jobs in Midwestern states including Michigan helped him eke out a surprise election win.

U.S. Gulf of Mexico offshore oil production cut by 92% - regulator

U.S. Gulf of Mexico offshore oil output on Friday was down by 1.69 million barrels, or 92% of the region's daily production, the U.S. Department of Interior reported, as energy companies shut wells and offshore pipelines as Hurricane Delta churned through.

Airbus ramps up deliveries in September, seen targeting 500 jets in 2020

Airbus reached the highest number of monthly deliveries of passenger planes so far this year in September, but logged no new sales as crisis-hit airlines continue to bleed cash.

H&R Block adds to bargain-hunter rally inspired by bets on reopening, Biden

H&R Block Inc gained slightly on Friday after rallying in 13 out of the last 14 sessions as bargain-hunting investors had bet a Joe Biden presidency will help the virus-battered tax preparer along with a coronavirus vaccine.

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