Monday 28 December 2020

U.S. Congress set to vote on higher relief checks, $740 billion defense bill

U.S. Congress set to vote on higher relief checks, $740 billion defense bill

Democrats in the U.S. Congress on Monday will try to push through pandemic relief payments of $2,000, in an effort to increase aid for Americans that has put the lawmakers in a rare alignment with President Donald Trump.

Oil prices dip as demand concerns counter U.S. stimulus

NEW YORK (Reuters) -Oil prices fell on Monday as concerns about weakening fuel demand and the prospect of higher OPEC+ output outweighed optimism over a U.S. stimulus package.

Wall St follows European stocks higher on stimulus, Brexit

NEW YORK (Reuters) -Wall Street was on track to close at record highs on Monday, but crude prices lost ground as long-awaited pandemic relief and Brexit trade deals fueled investors' risk appetite.

JPMorgan to buy third-party loyalty program unit of cxLoyalty

JPMorgan Chase & Co said on Monday it would buy the global loyalty division of cxLoyalty Group Holdings Inc, a third-party credit card loyalty program service provider.

Wall Street hits record as fiscal aid bill signed

NEW YORK (Reuters) -U.S. stocks rose on Monday, with each of Wall Street's main indexes touching record levels as President Donald Trump's signing of a long-awaited $2.3 trillion pandemic aid bill increased optimism for an economic recovery.

Alibaba's $10 billion buyback plan fails to halt stock slide as regulatory concerns mount

Alibaba shares slumped 9% to their lowest since June on Monday, as the firm's upsized $10 billion buyback programme failed to ease concerns about a regulatory crackdown on co-founder Jack Ma's e-commerce and financial empire.

U.S. government appeals judge's order blocking TikTok restrictions

The U.S. government on Monday appealed a federal judge's order that blocked the Commerce Department from imposing restrictions on Chinese-owned short video-sharing app TikTok that would have effectively barred its use in the United States.

U.S. EPA finalizing first-ever airplane emissions rules

The U.S. Environmental Protection Agency (EPA) on Monday said it was finalizing the first-ever proposed standards regulating greenhouse gas emissions from airplanes.

Lockheed Martin misses F-35 jet delivery target due to COVID-19

Lockheed Martin Corp said on Monday it had missed its target to deliver 141 F-35 fighter jets to the United States and its allies in 2020, as it built 8% fewer jets after the coronavirus pandemic hampered its supply chain and factories.

Swiss hand over remaining $150 million to U.S. from massive Ponzi scheme

Switzerland will return $150 million from blocked Swiss bank accounts by the end of the year to the United States to be given to victims of convicted Ponzi scheme con artist Robert Allen Stanford, the Federal Ministry of Justice said on Monday.

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