 | | | | The dollar slipped and global stock markets surged on Thursday as investors bet Republicans would be able to halt major policy changes under a Joe Biden presidency, while the Bank of England became the latest central bank to announce more stimulus. | | | | | | Uber Technologies Inc on Thursday said demand for its food-delivery service expanded, but revenue and adjusted loss missed Wall Street targets and the global recovery of its rides business was the slowest in its home market, the United States. | | | | | | The Federal Reserve kept its loose monetary policy intact on Thursday and pledged again to do whatever it can in coming months to sustain a U.S. economic recovery losing speed amid a spreading coronavirus pandemic and facing uncertainty over a still-undecided presidential election. | | | | | | The Federal Reserve's asset purchases succeeded in calming markets and supporting to the economy, and officials plan to keep buying at the current pace - not more, not less - for the foreseeable future, Fed Chair Jerome Powell said on Thursday. | | | | | | U.S. stocks jumped on Thursday, as investors bet Republicans would retain control of the Senate and block any major policy changes under a possible Joe Biden White House that could dampen corporate profits. | | | | | | Bombardier's chief executive on Thursday said he expects layoffs as part of broader plans to cut excess capacity, after the plane-and-train maker missed on quarterly operating profits earlier in the day due to the coronavirus pandemic. | | | | | | Volkswagen will tweak its strategy to maintain investment momentum for developing electric and autonomous cars as it tries to make up for lost revenues caused by the coronavirus pandemic, the company's chief executive said. | | | | | | Those who banked on a big U.S. government spending splurge may be disappointed, but two days after Election Day, investors are looking on the bright side - less regulatory tightening than feared and a central bank still in full economic-support mode. | | | | | | The UK Serious Fraud Office announced on Thursday it was investigating Canadian industrial group Bombardier over suspected bribery in airplane sales to Garuda Indonesia , widening a global anti-corruption drive in aerospace. | | | | | | The number of Americans filing new claims for unemployment benefits fell only slightly last week, adding to signs that the economic recovery was losing steam as the COVID-19 pandemic intensifies and fiscal stimulus ends. | | | | | |
