Wednesday, 2 December 2020

Boeing's upgraded 737 MAX completes first flight with media onboard

Boeing's upgraded 737 MAX completes first flight with media onboard

Boeing Co's 737 MAX staged its first post-grounding flight with media on board on Wednesday, as carriers seek to demonstrate to passengers that the redesigned jet is safe after a 20-month safety ban.

Buffett-backed Snowflake's loss widens in first quarterly report post IPO

Warren Buffett-backed data warehouse firm Snowflake Inc reported a bigger third-quarter loss on Wednesday, in its first quarterly results following a blockbuster market debut in September, sending its shares more than 5% lower after the bell.

SoftBank's options exit unlikely to stir markets, analysts say

Massive options bets believed to have been placed by SoftBank Group Corp earlier this year were among the most visible manifestations of the recent mania for technology shares, but the firm's unwinding of its derivatives holdings is unlikely to cause much of a stir in markets, analysts said.

Train operator Amtrak to pay $2.25 million to settle discrimination claims

Amtrak, the U.S. passenger railroad, will pay $2.25 million to resolve civil claims by the Justice Department that it discriminated against passengers with disabilities, and agreed to fix up train stations that failed to accommodate wheelchair-bound passengers and others with limited mobility.

U.S. to accuse Google of labor violations in clampdown on protests, fired employees say

The National Labor Relations Board will file a complaint accusing Alphabet Inc's Google of unlawfully monitoring and questioning workers, who were fired for protesting against company policies and trying to organize a union, the former employees said in a statement on Wednesday.

Equities hover near record highs as stimulus hopes build

World equity benchmarks hovered near record highs and the dollar hit fresh 2-1/2-year lows on Wednesday as investors weighed the first approval of a coronavirus vaccine and the prospects for more U.S. economic stimulus with disappointing American jobs data.

S&P 500 hits record as investors await fiscal deal

The S&P 500 climbed to a record high close on Wednesday and the Nasdaq Composite Index dipped as investors weighed upbeat vaccine developments and a potential coronavirus fiscal package against a bleak private jobs report.

Fed sees little to no growth in much of U.S. as stress mounts

Federal Reserve officials saw "little or no growth" in four of their 12 regional districts and only modest growth in the others in recent weeks as a rapidly spreading health crisis and ongoing recession continued to devastate some U.S. businesses and families even as many others thrive.

Dollar skids to fresh 2-1/2-year low as U.S. stimulus in focus

The dollar sank to a fresh 2-1/2-year low in choppy trading on Wednesday, weighed down by expectations of further fiscal stimulus for the United States.

Oil prices rise on UK vaccine approval; signs OPEC+ may maintain output cuts

Oil prices settled higher on Wednesday as Britain's approval of a COVID-19 vaccine boosted hopes for a demand recovery and on mounting expectations that producing countries will maintain output limits next year.

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