Tuesday, 15 December 2020

Oil rises, as investors focus on vaccine rollout, brush off recovery concerns

Oil rises, as investors focus on vaccine rollout, brush off recovery concerns

NEW YORK (Reuters) -Oil prices rose on Tuesday as investors focused on the rollout of COVID-19 vaccines, looking past tightening lockdowns in Europe and forecasts for a slower-than-expected recovery in fuel demand.

Nasdaq ends at record high on stimulus bets, Apple boost

(Reuters) -Wall Street showed signs of a Santa rally on Tuesday, with the Nasdaq closing at a record high, helped by optimism about a potential government stimulus to protect the economy from the coronavirus pandemic.

'The way out is through': Zuckerberg, execs set Facebook roadmap at year-end meeting

Facebook Inc's top executives sought to rally employees around business priorities like commerce and virtual reality at a year-end meeting on Tuesday, playing down criticism faced this year of the company's record on false and violent speech.

Mobileye looks to build its own lidar to drive down self-driving costs

(Reuters) -The chief executive of Intel Corp-owned Mobileye on Tuesday laid out plans for a self-driving car system for 2025 that could use house-built lidar sensors rather than units from Luminar Technologies Inc and cost a "few thousand" dollars.

Stocks up, dollar slumps as risk appetite rises

Stocks gained and the dollar hovered near a 2-1/2-year low on Tuesday as positive coronavirus vaccine news and progress toward further U.S. fiscal stimulus and a Brexit deal encouraged investors to embrace risk.

Black, minority women in Canada left behind in COVID-19 job recovery

Nine months into the COVID-19 pandemic, women of color in Canada still face far higher unemployment than white women, official data shows, in part because they tend to work jobs in hard-hit sectors and often care for children or relatives.

EU moves to rein in U.S. tech giants with threat of fines, break-up

BRUSSELS (Reuters) -U.S. technology firms including Amazon, Apple, Facebook, and Google face fines of up to 10% of annual turnover and could even be broken up under draft European Union rules announced on Tuesday aimed at curbing their powers.

Facebook takes swipe at Apple while supporting draft EU rules

Facebook Inc on Tuesday said it hopes new draft rules by the European Union aimed at curbing powers of big U.S. companies could set boundaries for Apple Inc, its latest volley in an ongoing feud.

Hackers at center of sprawling spy campaign turned SolarWinds' dominance against it

On an earnings call two months ago, SolarWinds Chief Executive Kevin Thompson touted how far the company had gone during his 11 years at the helm.

Russian hacks weigh on private equity's software investments

Some of the world's biggest private equity firms, including Blackstone Group Inc, Silver Lake Partners LP and Thoma Bravo LP, own major stakes in the software firms whose shares dived on news that they were breached by suspected Russian hackers.

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