Thursday, 3 December 2020

Justice Department accuses Facebook of discriminating against U.S. workers

Justice Department accuses Facebook of discriminating against U.S. workers

The U.S. Justice Department accused Facebook Inc on Thursday of discriminating against U.S. workers, saying in a new lawsuit the social media giant has given hiring preferences to temporary workers, including those who hold H-1B visas.

Trump administration adds China's SMIC and CNOOC to Defense blacklist

The Trump administration on Thursday added China's top chipmaker SMIC and oil giant CNOOC to a blacklist of alleged Chinese military companies, a move likely to escalate tensions with Beijing before President-elect Joe Biden takes office.

LG Chem, SK Innovation spar over EV recalls in trade dispute

South Korean battery makers LG Chem and SK Innovation are sparring over whether the U.S. International Trade Commission (ITC) should consider recent electric vehicle recalls in a trade secrets case.

Nasdaq hits record high, S&P 500 ends lower

The Nasdaq Composite Index closed at a record high on Thursday, lifted by Tesla Inc , while the S&P 500 fell after a report that Pfizer Inc had slashed the target for the rollout of its COVID-19 vaccine.

Equities hit record highs as dollar falls on vaccine hopes

Most world equity benchmarks rose along with gold and U.S. Treasury bonds on Thursday as hopes for a vaccine-led economic recovery offset warnings the death toll from the coronavirus pandemic could spike in the coming weeks.

Brazilian soy farmers try 5G technology with Huawei equipment

The Brazilian farm state of Goias rolled out a pilot project on Thursday to increase productivity and take fast action against disease using fifth-generation technology and equipment provided by China's Huawei Technologies Co.

Warner Bros disrupts theater business with same-day streaming

AT&T Inc's Warner Bros studio will debut all of its 2021 films in theaters and on the HBO Max streaming service on the same day, the company said on Tuesday, an unprecedented shift that hammered shares of struggling cinema operators.

U.S. dollar slides to 2-1/2-year low on vaccine optimism

The dollar plunged on Thursday to its weakest level in more than 2-1/2 years, while the euro gained, as signs of progress toward U.S. fiscal stimulus and optimism about COVID-19 vaccines kept investors upbeat.

Brent rises to highest since March after OPEC+ output cut deal

Global benchmark Brent crude prices rose 1% to their highest since early March on Thursday on renewed hopes for a U.S. stimulus deal and after major oil producers agreed to increase output by a modest 500,000 barrels per day (bpd) from January.

Ryanair buys 75 Boeing MAX jets in largest order since grounding

Budget airline Ryanair on Thursday ordered 75 Boeing 737 MAX jets with a list price of $9 billion, throwing a commercial lifeline to the embattled U.S. planemaker after regulators lifted a 20-month safety ban.

Related Videos

Stocks face 'rough and choppy waters' -strategist

Boeing gets largest 737 MAX order since crashes

2020ibmSec_Artboard_1reutersAd.jpg
Sponsored by IBM: Risk Quantification

Explore how putting security risk in financial terms helps your executives make decisions, connecting security risk management with business strategy.

LEARN HOW TO QUANTIFY RISK