Wednesday 30 December 2020

U.S. Congress inches closer to Trump veto override as Republican tensions grow

U.S. Congress inches closer to Trump veto override as Republican tensions grow

WASHINGTON (Reuters) -The U.S. Senate could pave the way for Congress to override President Donald Trump's veto of a defense spending bill with a procedural vote on Wednesday, further raising tensions between the outgoing Republican president and party leaders.

McConnell rules out quick vote on House bill for $2,000 COVID-19 relief checks

U.S. Senate Majority Leader Mitch McConnell said on Wednesday that the Senate would not move quickly to consider a bill from the House of Representatives that would raise direct coronavirus relief payments to Americans from $600 to $2,000.

Wall Street ends up on recovery expectation

NEW YORK (Reuters) -U.S. stocks closed higher on Wednesday, with the Dow Industrials nudging up to a record, as investors looked towards an improving economic outlook in 2021 on the back of COVID-19 vaccine rollouts and hopes for even more fiscal support.

Wall St closes higher, dollar drops as remarkable year winds down

NEW YORK (Reuters) -Wall Street ended the session in positive territory and the dollar dipped to its lowest in more than two years on Wednesday, the penultimate trading day in a remarkable year of pandemic, recession and recovery.

Cash-strapped Americans ask Mnuchin where their "stimmy" checks are

Mixed messages from banks and the U.S. Treasury Department have caused confusion and frustration for millions of struggling Americans waiting for the government to deposit stimulus payments into their bank accounts.

Sizzling hot: Solar stocks set to end pandemic year at record highs

Solar stocks dazzled in 2020 and looked set to wrap up a year ravaged by the COVID-19 pandemic with triple-digit gains amid a shift in focus to 'clean energy' as the outbreak decimated the global oil industry.

Oil prices rise as U.S. crude stock draw supports but demand hopes dim

LONDON (Reuters) -Oil prices settled higher on Wednesday, supported by a draw in U.S. crude inventories and Britain's approval of a second coronavirus vaccine but pressured by swelling year-over-year supply.

Amazon to acquire Wondery in podcast push

Amazon.com Inc said on Wednesday it would acquire podcast startup Wondery, aiming to beef up non-musical content on its Amazon Music app.

J.C. Penney starts search for new CEO as Soltau to exit

(Reuters) -Department store chain J.C. Penney Co Inc said on Wednesday new owners Simon Property Group and Brookfield Asset Management Inc have begun a search for a new chief executive officer to replace Jill Soltau.

U.S. gasoline prices reach 9-month high as refiners cut more output

U.S. gasoline prices hit a nine-month peak as drivers took to the roads on holiday travel, crude oil prices kept climbing and refiners further cut fuel production due to weak margins.

Related Videos

EU seeks to rebalance China ties with new deal

The European Union and China agreed on Wednesday to an investment deal that will give European companies greater access to Chinese markets and help redress what Europe sees as unbalanced economic ties. Ciara Lee reports

Wall Street rises on hopes of vaccine-fueled recovery

U.S. stocks opened higher on Wednesday as investors hoped that COVID-19 vaccine rollouts and a bigger fiscal aid would help the world's largest economy recover from a pandemic-fueled slump in 2021. This report produced by Yahaira Jacquez.
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
at