 | | | | WASHINGTON (Reuters) -The largest U.S. banks have enough capital to withstand over $600 billion in losses from a short, sharp economic slump, as well as a moderate longer-lasting downturn, and will be permitted to pay out dividends and buy back stock on a limited basis, the U.S. Federal Reserve said. | | | | | | Boeing officials "inappropriately coached" test pilots during recertification efforts after two fatal 737 MAX crashes, according to a lengthy congressional report released on Friday. | | | | | | WASHINGTON (Reuters) -President Donald Trump on Friday signed legislation that would kick Chinese companies off U.S. stock exchanges unless they adhere to American auditing standards, the White House said, giving the Republican one more tool to threaten Beijing with before leaving office next month. | | | | | | (Reuters) -Suspected Russian hackers who broke into U.S. government agencies also spied on less high-profile organizations, including groups in Britain, a U.S. internet provider and a county government in Arizona, according to web records and a security source. | | | | | | Privately held Hilcorp Energy Co said on Friday its unit completed a $5.6 billion acquisition of BP Plc's business in Alaska, taking over the region the British oil major had operated in for 60 years. | | | | | | (Reuters) -U.S. stocks ended lower on Friday, pulled down by uncertainty around a coronavirus stimulus deal, while Tesla shares hit a lifetime high in anticipation of their addition to the S&P 500 next week. | | | | | | Nike Inc beat estimates for quarterly revenue on Friday, helped by a jump in online demand for sports shoes and apparel as more people engaged in fitness-related activities during the COVID-19 pandemic. | | | | | | (Reuters) -Shares of Tesla Inc rose to a record high on Friday on heavy volume, as investors geared up for the electric car maker's much anticipated entrance into the benchmark S&P 500 index. | | | | | | (Reuters) -Federal Reserve Vice Chair Richard Clarida on Friday said further fiscal support would help get the economy through what he expects to be a "rough" next couple of months as coronavirus cases surge, but as for the U.S. central bank, policy is just where it should be. | | | | | | (Reuters) -Oil settled up at a nine-month high on Friday, rounding out seven straight weeks of gains as investors focused on the rollout of COVID-19 vaccines and a decline this week in the U.S. dollar. | | | | | |
