 | | | | U.S. stocks retreated from record closing highs on Tuesday, ending lower as surging COVID-19 cases, the growing threat of a fresh round of economic lockdowns and weak retail sales data dampened the euphoria caused by potential vaccine breakthroughs. | | | | | | The U.S. Senate on Tuesday blocked President Donald Trump's controversial nomination of Judy Shelton to the Federal Reserve's board, though a White House spokesman expressed confidence she would eventually be confirmed. | | | | | | Goldman Sachs Group Inc is preparing for the second round of job cuts in just three months, Bloomberg News reported https://www.bloomberg.com/news/articles/2020-11-17/goldman-plans-second-round-of-job-cuts-after-pause-for-pandemic?sref=WJKVI5nK on Tuesday, citing people familiar with the matter. | | | | | | Love it or hate it, a much broader universe of portfolio managers will soon have to take a stance on Tesla's stock, which surged 8% on Tuesday following the announcement that it will join the S&P 500. | | | | | | A gauge of global stocks edged lower from a record on Tuesday, as rising coronavirus cases raised concerns about fresh lockdown measures and tamped down recent optimism over promising vaccine trial results. | | | | | | The White House on Tuesday said it expected the U.S. Senate to eventually confirm Judy Shelton, President Donald Trump's nominee for the Federal Reserve, despite a vote to block her nomination earlier in the afternoon. | | | | | | Social media giant Twitter Inc, under increased threat of regulation and plagued by serious security breaches, is appointing one of the world's best-regarded hackers to tackle everything from engineering missteps to misinformation. | | | | | | Amazon.com Inc on Tuesday launched an online pharmacy for delivering prescription medications in the United States, increasing competition with drug retailers such as Walgreens , CVS Health and Walmart . | | | | | | Former United Auto Workers Vice President Joseph Ashton on Tuesday was sentenced to 30 months in prison for accepting kickbacks as part of a wide-ranging federal corruption probe into the union. | | | | | | Republican senators on Tuesday attacked the chief executives of Facebook and Twitter for what they called censorship of President Trump and his allies during the U.S. election while Democrats bemoaned the spread of misinformation on social media. | | | | | |
