Thursday 17 December 2020

S&P 500, Nasdaq hit record as investors eye fiscal stimulus

S&P 500, Nasdaq hit record as investors eye fiscal stimulus

(Reuters) -Technology shares lifted the S&P 500 and the Nasdaq to record highs on Thursday as investors grew more optimistic about a coronavirus stimulus bill, helping markets look past signs of economic strain brought on by the COVID-19 pandemic.

U.S. retail group expects over 150 million shoppers on Saturday before Christmas

(Reuters) -Over 150 million American shoppers could buy holiday gifts in stores or online this year on the last Saturday before Christmas, or "Super Saturday," up by more than 2 million from last year, the National Retail Federation said on Thursday.

Analysis: Global chip shortage threatens production of laptops, smartphones and more

Makers of cars and electronic devices from TVs to smartphones are sounding alarm bells about a global shortage of chips, which is causing manufacturing delays as consumer demand bounces back from the coronavirus crisis.

Stocks surge on stimulus hopes; dollar depressed

Global stocks scaled new peaks on Thursday, fueled by growing optimism that deals will be reached over a fresh U.S. stimulus package and a post-Brexit trade deal between the United Kingdom and the European Union.

Coca-Cola to cut 2,200 jobs globally, including 1,200 in U.S.

Coca-Cola Co will cut 2,200 jobs globally, including 1,200 in the United States, it said on Thursday, as the economic fallout from the COVID-19 pandemic forces the world's largest soda maker to accelerate its business restructuring.

Canada expects end to Boeing 737 MAX flight ban in January, approves design changes

Canada expects to lift its flight ban on the Boeing 737 MAX jetliner in January, the country's aviation regulator said on Thursday, after it approved design changes to the aircraft grounded in March 2019 following two fatal crashes.

'Gorilla' Google hit with third lawsuit as U.S. states sue over search dominance

(Reuters) -Google faced its third major lawsuit in two months on Thursday as 38 U.S. states and territories accused the $1 trillion company of abusing its market power to try to make its search engine as dominant inside cars, TVs and speakers as it is in phones.

U.S. SEC relaxes rules on company 'resource extraction' disclosures

WASHINGTON (Reuters) -The U.S. Securities and Exchange Commission on Wednesday relaxed requirements on oil, gas and mining companies to disclose payments made to foreign governments, completing a rule created by Congress after the government bailout of Wall Street in 2008.

Suspected Russian hacking spree extended beyond SolarWinds users

SAN FRANCISCO (Reuters) -The massive hacking campaign disclosed by U.S. officials this week and tentatively attributed to the Russian government extended beyond users of pervasive network software that had been compromised.

Biogen to pay $22 million to resolve U.S. drug charity kickback probe

Biogen Inc has agreed to pay $22 million to resolve U.S. allegations that it illegally used two charities that help cover Medicare patients' out-of-pocket drug costs as a means to pay them kickbacks to use its multiple sclerosis drugs.

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