Wednesday 18 November 2020

JPMorgan's Dimon says 'childish' U.S. politicians are preventing stimulus package

JPMorgan's Dimon says 'childish' U.S. politicians are preventing stimulus package

U.S. politicians are behaving like children by not passing a new stimulus bill that could help Americans whose income has been wiped out by the coronavirus pandemic, JPMorgan Chase & Co Chief Executive Jamie Dimon said on Wednesday at a New York Times conference.

World stocks hit record on vaccine hope, dollar lower for fifth straight session

A gauge of global shares climbed to a record for a third straight day and the dollar continued to slump on Wednesday as further upbeat COVID-19 vaccine news helped alleviate concerns about rising infection rates and related economic damage.

Tesla surges for second day ahead of S&P 500 debut

Shares of Tesla surged 10% to end near a record high on Wednesday, extending a two day rally after it was announced the electric car maker will join the S&P 500.

Wall Street dives as shutdown worries overshadow vaccine hopes

U.S. stocks closed steeply lower after a late-session sell-off on Wednesday as investors weighed surging COVID-19 infections and mounting shutdowns against encouraging vaccine developments.

Pfizer-BioNTech vaccine deliveries could start 'before Christmas'

Pfizer Inc and BioNTech could secure emergency U.S. and European authorization for their COVID-19 vaccine next month after final trial results showed it had a 95% success rate and no serious side effects, the drugmakers said on Wednesday.

Apple lowers App Store fees for small developers, critics see little impact

Apple Inc said on Wednesday it plans to start a program to lower its App Store commissions for software developers who make $1 million or less in proceeds each year from the store, but some of the company's critics called the move "window dressing."

Defense probes Canada border official on law enforcement role in Huawei CFO's U.S. extradition case

Lawyers for Huawei Chief Financial Officer Meng Wanzhou probed a Canadian border official in court on Wednesday about his agency's communications with U.S. and Canadian authorities ahead of Meng's arrest two years ago.

U.S. lifts Boeing 737 MAX flight ban after crash probes, tough hurdles remain

The United States lifted a 20-month-old flight ban on Boeing Co's 737 MAX on Wednesday, easing a safety crisis that left its top exporter with a tarnished reputation and hundreds of idle jets. But relatives of crash victims denounced the move.

BioNTech says vaccine approval possible in mid-December under ideal conditions

U.S. and European regulators could approve Pfizer and BioNTech's experimental COVID-19 vaccine as early as mid-December, the German firm's chief executive said on Wednesday, following the release of positive trial results.

Infineon insulated from U.S.-China tensions: CEO

German chipmaker Infineon Technologies is relatively well insulated from geopolitical tensions between the United States and China thanks to its focus on power-management chips, CEO Reinhard Ploss said on Wednesday.

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Global luxury sales set for record fall - Bain

Worldwide sales of luxury goods are set for a record 23% drop this year, according to a closely watched forecast from consultants Bain. Julian Satterthwaite reports.

Nissan: tough to stay in UK without Brexit deal

Any final exit by Britain from the European Union that worsens business conditions through increased tariffs would threaten the sustainability of Nissan's UK operations, the Japanese car maker's chief operating officer has warned. Francis Maguire reports.
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