Thursday 17 December 2020

SEC sues California biotech company for misleading investors about COVID-19 tests

SEC sues California biotech company for misleading investors about COVID-19 tests

The U.S. Securities and Exchange Commission sued Decision Diagnostics Corp and its chief executive for allegedly misleading investors by promising the biotechnology company could test for COVID-19 with a finger-prick of blood and provide accurate results in less than one minute.

Twitter planning to create label for automated 'bot' accounts

Twitter Inc is planning to create a new type of account for bots next year that will identify them as automated, the company said in a blog post on Thursday finalizing plans for a reboot of its long-paused verification program.

Stocks surge on stimulus hopes; dollar depressed

Global stocks hit record highs 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.

Walmart partners with TikTok to sell merchandise while livestreaming

Walmart Inc, which is looking to invest in TikTok, said on Thursday it would partner with the Chinese-owned video-sharing app to sell items seen on a livestream by creators featuring the retailer's fashion merchandise.

Wall Street ends at record highs as investors eye fiscal stimulus

Wall Street's three main indexes closed at 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.

FedEx profit leaps on rate hikes, e-commerce shipments

LOS ANGELES (Reuters) -U.S. delivery firm FedEx Corp on Thursday said quarterly profit almost doubled after rate hikes and spiking volume helped lower the cost of delivering pandemic-fueled e-commerce purchases to residential addresses.

U.S. labor board claims Amazon illegally fired warehouse worker

(Reuters) -The U.S. National Labor Relations Board on Tuesday alleged Amazon.com Inc illegally fired an employee this year who was raising alarm about workplace safety during the COVID-19 pandemic.

Suspected Russian hacking spree used another major tech supplier -sources

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.

Oil prices rise, hit 9-month high on U.S. stimulus progress

NEW YORK (Reuters) -Oil climbed on Thursday and touched a nine-month high, with traders optimistic about progress toward a U.S. fiscal stimulus deal and record-breaking refining demand in China and India.

IMF steering committee names Swedish finance minister as next chair

The International Monetary Fund said on Thursday said its steering committee has chosen Swedish Finance Minister Magdalena Andersson as the panel's chair, returning a European to the role for the first time in more than 12 years.

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