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Thursday, 8 October 2020

Weed stocks surge after Kamala Harris promises to decriminalize pot

Weed stocks surge after Kamala Harris promises to decriminalize pot

U.S.-listed shares of major cannabis producers surged on Thursday after Democratic vice president nominee Kamala Harris said the Biden administration would decriminalize marijuana at the federal level in the United States if they were elected.

U.S. stocks close higher, oil jumps as fiscal aid talks progress

Wall Street advanced and crude prices surged on Thursday as reports continued to surface of new developments in pandemic relief negotiations in Washington.

Wall Street firms see Fed tapering bond buys starting next year

Wall Street firms expect the Federal Reserve to start paring back its bond-buying next year, and phase it out completely by the second half of 2023, the New York Fed's latest survey of primary dealers shows.

U.S. railroad Amtrak warns of 2,400 additional job losses without new bailout

U.S. government-supported passenger railroad Amtrak said on Thursday that without a new government bailout it could be forced to cut more spending and train services which could lead to the loss of another 2,400 jobs.

Wall Street ends higher as Trump boosts hopes of stimulus

U.S. stocks ended higher on Thursday as comments by U.S. President Donald Trump fueled hopes of fresh fiscal support, while data underscored the view that the labor market recovery was struggling to gain momentum.

WarnerMedia plans thousands of job cuts in restructuring - WSJ

AT&T Inc's WarnerMedia is preparing a restructuring that aims to cut costs by as much as 20% and would result in layoffs, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

Hurricane Delta steams across Gulf of Mexico, halting most oil output

Hurricane Delta raked across the Gulf of Mexico, halting most of the region's offshore oil output on Thursday after energy companies shut-in wells, pulled staff from offshore platforms and began securing coastal processing plants.

GameStop signs multi-year cloud, hardware deal with Microsoft

GameStop Corp and Microsoft Corp on Thursday signed a multi-year partnership agreement under which the videogame retailer will use the software maker's cloud and hardware services to streamline its business.

Exclusive: Boeing in talks with Alaska Airlines for potential 737 MAX order - sources

Boeing Co is in discussions to sell 737 MAX jets to Alaska Airlines once the plane returns to service following a lengthy grounding, three people familiar with the matter said.

Waymo opens driverless robo-taxi service to the public in Phoenix

Waymo on Thursday will relaunch and expand its fully automated, robo-taxi ride hailing service in Phoenix, rebooting its effort to transform years of autonomous vehicle research into a revenue-producing business.

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