Tuesday, 29 December 2020

Wall St slips from record levels, additional stimulus uncertain

Wall St slips from record levels, additional stimulus uncertain

NEW YORK (Reuters) -U.S. stocks fell from record highs on Tuesday in choppy trading, as investors worried about the path of reopening the economy and whether the Senate would approve additional pandemic aid checks.

Special Report: UAE emerges as hub for companies helping Venezuela avoid U.S. oil sanctions

In June, the United States imposed sanctions on half a dozen oil tankers managed by established shipping firms. It was a major escalation of American attempts to choke off Venezuela's oil trade.

McConnell puts off vote on $2,000 aid checks, urges Senate override Trump defense veto

U.S. Senate Majority Leader Mitch McConnell on Tuesday put off a vote on President Donald Trump's call to boost COVID-19 relief checks and urged the Senate to override his veto of a defense bill, in a rare challenge to his fellow Republican three weeks before Trump leaves office.

Oil rises on hopes U.S. pandemic stimulus will spur fuel demand

CALGARY, Alberta/LONDON (Reuters) -Oil prices climbed on Tuesday on hopes the United States will expand pandemic aid payments, a move that could spur fuel demand and stimulate economic growth.

American Airlines restarts U.S. commercial Boeing 737 MAX flights

Boeing's 737 MAX resumed passenger flights in the United States for the first time on Tuesday after a 20-month safety ban was lifted last month.

Wall Street retreats, oil advances as Senate considers expanded stimulus

NEW YORK (Reuters) -Wall Street reversed early gains on Tuesday, backing down from the previous session's record closing highs, while crude oil gained ground as investors looked to Washington for signs that an enhanced stimulus package would pass a Senate vote.

Exclusive: Hedge fund Third Point urges Intel to explore deal options

Activist hedge fund Third Point LLC is pushing Intel Corp to explore strategic alternatives, including whether it should keep chip design and production under one roof, according to a letter it sent to the company's chairman on Tuesday that was reviewed by Reuters.

Verizon says could stop offering Hearst TV channels amid price dispute

Verizon Communications Inc indicated on Tuesday it might stop offering channels owned by Hearst Television next year, saying the multimedia company was demanding higher rates to broadcast its channels on the telecommunication giant's fiber optic networks.

Explainer: How does Canada's Clean Fuel Standard policy work?

Canada published the draft Clean Fuel Standard this month, which is central to the ruling Liberal Party's commitment to cut greenhouse gas emissions 30% below 2005 levels by 2030. The proposed regulation is also a key part of Prime Minister Justin Trudeau's pledge that Canada will hit net-zero emissions by 2050.

Fed extends Main Street loan program as last-minute applications surge

(Reuters) -The Federal Reserve on Tuesday said it had extended the end date for its Main Street Lending Program by eight days to process a rush of applications submitted since the Trump administration said it was terminating the emergency credit facility and several others set up by the U.S. central bank.

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