Tuesday 24 November 2020

Defense grills Canada police witness on FBI surveillance of Huawei CFO

Defense grills Canada police witness on FBI surveillance of Huawei CFO

The U.S. Federal Bureau of Investigation (FBI) was surveilling Huawei Chief Financial Officer Meng Wanzhou prior to her December 2018 arrest at a Canadian airport, a police officer said at Meng's extradition hearing on Tuesday.

Dow tops 30,000 on vaccine progress, Biden transition

U.S. stocks rallied on Tuesday, with the Dow piercing the 30,000 level for the first time, as investors anticipated a 2021 economic recovery on progress on coronavirus vaccines and the formal clearance for President-elect Joe Biden's transition to the White House.

U.S. tech firms can compensate gig-workers with equity under SEC proposal

The U.S. securities regulator on Tuesday proposed a pilot program to allow tech companies like Uber and Lyft to pay gig workers up to 15% of their annual compensation in equity rather than cash, a move it said was designed to reflect changes in the workforce.

OxyContin maker Purdue Pharma pleads guilty to criminal charges

Purdue Pharma LP pleaded guilty to criminal charges over the handling of its addictive prescription painkiller OxyContin, capping a deal with federal prosecutors to resolve an investigation into the drugmaker's role in the U.S. opioid crisis.

Risk assets rally to records as U.S. political uncertainty ebbs

Stocks hit record highs on Tuesday while bitcoin and oil prices also rose as political uncertainty subsided after U.S. President-elect Joe Biden got the formal go-ahead to begin his transition to the White House.

Analysis: Dow cracks 30,000, a psychological boost during a pandemic

The Dow Jones Industrial Average clocked its fastest 10,000 point run up to cross 30,000 for the first time on Tuesday, giving the stock market a psychological boost at a time when the coronavirus pandemic has damaged the economy and left millions unemployed.

Home Depot reaches $17.5 million settlement over 2014 data breach

Home Depot Inc, the largest U.S. home improvement retailer, on Tuesday reached a $17.5 million settlement to resolve a multistate probe into a 2014 data breach where hackers accessed payment card data belonging to 40 million customers.

Catch-all travel insurance booms as U.S. flyers take Thanksgiving risks

U.S. websites have seen a surge in travelers seeking expensive ironclad insurance this Thanksgiving, as Americans desperate to break the monotony of a year spent at home look to cover themselves against coronavirus-related risks.

Tesla market value crosses $500 billion in meteoric rally

Tesla Inc blew past $500 billion in market value on Tuesday as investors snapped up its shares in the run-up to its debut in the S&P 500, extending a meteoric rally that has seen it surge over 500% this year.

Tesla mulls expanding in Europe with compact vehicles: CEO

U.S. electric vehicle maker Tesla is looking at expanding in Europe by entering the mass-market segment with a compact car, Chief Executive Elon Musk said on Tuesday.

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