 | | | | Major U.S. banks on Wednesday pushed back on a proposal to bar them from snubbing controversial business sectors, such as oil and gas giants, in an unlikely turn of events that has pitched Wall Street against one of the Trump administration's industry-friendly regulators. | | | | | | The U.S. Army Corps of Engineers on Wednesday issued its final decision to deny a key water permit for the contentious Pebble Mine in Alaska, putting the project's future in doubt even as the company behind it plans to appeal the decision. | | | | | | The Trump administration on Wednesday granted ByteDance a new seven-day extension of a divestiture order that had directed the Chinese company to sell its TikTok short video-sharing app, according to a court filing. | | | | | | The number of Americans filing first-time claims for jobless benefits increased further last week, suggesting that an explosion in new COVID-19 infections and business restrictions were boosting layoffs and undermining the labor market recovery. | | | | | | Brazilian aviation regulator ANAC on Wednesday lifted the grounding of the Boeing 737 MAX, following U.S. clearance of the plane for flight, after a redesign prompted by two fatal crashes that killed 346 people. | | | | | | Oil prices climbed nearly 2% to their highest in more than eight months on Wednesday, as data showing a surprise drop in weekly U.S. crude inventories extended a rally driven by hopes that a COVID-19 vaccine will boost fuel demand. | | | | | | ExxonMobil and Total are in negotiations over their massive LNG projects in Mozambique, with each seeking to extract more gas from a shared field that straddles the two developments and cut costs, three sources familiar with the matter told Reuters. | | | | | | If you traded a stock in the past week, there's a fair chance it was Tesla. | | | | | | U.S. Federal Reserve policymakers may soon give new guidance on their plans for asset purchases, including for how long and in what maturities, as they seek to provide more support to markets and the economy, minutes from their November policy-setting meeting show. | | | | | | Stocks edged back from record highs on Wednesday as Wall Street bumped up against underwhelming economic data, while oil continued to rise and the dollar weakened further. | | | | | |
