Wednesday, 23 December 2020

Wall Street gains on recovery bets

Wall Street gains on recovery bets

NEW YORK (Reuters) -Wall Street advanced on Wednesday as a pending stimulus deal and falling jobless claims prompted investors to bet on an economic recovery from the global health crisis.

Pfizer, U.S. strike 100 million COVID-19 vaccine deal with 70 million due by June

The U.S. government will pay Pfizer Inc nearly $2 billion for 100 million additional doses of its COVID-19 vaccine to bolster its supply as the country grapples with a nationwide spike in infections.

U.S. SEC chief Clayton to exit agency after Dec. 23

U.S. Securities and Exchange Commission Chairman Jay Clayton will leave the agency on Dec. 23, he said in a statement.

Visa continues Pornhub ban, to allow card use on some of its parent's sites

(Reuters) -Visa Inc said on Wednesday it would allow usage of its cards on Pornhub-owner MindGeek's platforms that host professionally produced adult studio content, but would continue to decline processing payments coming from Pornhub itself.

U.S. regulator modifies ban to allow Mahindra to sell new Roxor models in Jeep case

DETROIT (Reuters) -A U.S. regulator ruled on Wednesday that Mahindra and Mahindra Ltd's new design for its Roxor off-road utility vehicle did not infringe the intellectual property rights of Fiat Chrysler Automobiles' Jeep brand, six months after barring the sale of older models.

Oil gains 2% after draws in U.S. product inventories

NEW YORK (Reuters) -Oil prices rose more than 2% on Wednesday, boosted by draws in U.S. inventories of crude, gasoline and distillates that lifted investors' hopes for some return in fuel demand.

U.S. faces risk of government shutdown as Trump balks at COVID-19 relief deal

WASHINGTON (Reuters) -Americans on Wednesday faced the prospect of a government shutdown during a pandemic as outgoing President Donald Trump, angry at his fellow Republicans in Congress, demanded dramatic changes to a $2.3 trillion government funding and coronavirus aid package.

U.S. SEC seeks public comment on brokers' custody of digital assets

The U.S. Securities and Exchange Commission (SEC) on Wednesday asked for public comment on broker-dealer custody of digital assets and how the broker-dealers should be regulated when holding these products and recommending them to investors, the agency said in a statement.

Stocks shrug off Trump's stimulus threat; pound jumps on Brexit trade deal hopes

NEW YORK (Reuters) -Stocks rose on Wednesday as investors waved away a threat by U.S. President Donald Trump not to sign a pandemic relief bill, while the British pound soared on rising expectations of a Brexit trade deal.

Families of crash victims want U.S. to rescind approval for Boeing 737 MAX to fly again

(Reuters) -The families of victims killed in two crashes by Boeing Co's 737 MAX want U.S. regulators to rescind approval for the planes to fly again, following a Senate report that raised concerns about the re-approval process.

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