Bhinneka News Online: Boeing agrees to $2.5 billion settlement to resolve U.S. criminal probe into 737 MAX crashes

Thursday, 7 January 2021

Boeing agrees to $2.5 billion settlement to resolve U.S. criminal probe into 737 MAX crashes

WASHINGTON/SEATTLE (Reuters) -Boeing Co will pay over $2.5 billion to resolve the U.S. Justice Department's investigation into two deadly 737 MAX crashes that killed 346 people, the Justice Department said, but will not be forced to plead guilty to criminal charges.

Tesla's stock market value tops Facebook's in huge trading

Shares of Tesla surged to a record high in heavy trading on Thursday, with the electric car maker's stock market value exceeding Facebook's for the first time.

Online lender SoFi to go public through merger with Palihapitiya-backed SPAC

U.S. online lending startup Social Finance Inc (SoFi) said on Thursday it has agreed to go public through a merger with Social Capital Hedosophia Holdings Corp V, a blank-check acquisition company led by venture capital investor Chamath Palihapitiya.

Wall St. tops new highs on Democrat-driven stimulus hopes

Stocks on Wall Street hit record levels on Thursday as investors bet a Democrat-controlled Congress will deliver more stimulus spending to help the U.S. economy overcome a steep pandemic-induced downturn.

Fed sees rising bond yields, inflation expectations as a possible win

A recent rise in U.S. bond yields and market inflation expectations has bolstered Federal Reserve officials' hopes that the central bank's new monetary policy approach is taking hold and could be further buoyed if a Democratic-led Congress rolls out more spending.

Bitcoin hits $40,000 for first time, but pullback likely imminent

Bitcoin topped $40,000 for the first time on Thursday, as it continues a rally that has seen the digital currency climb more than 700% from a March 12 closing low.

Oil hits 11-month highs on Saudi cuts, shrugs off U.S. turmoil

NEW YORK (Reuters) -Oil prices settled higher on Thursday, hitting 11-month peaks, as markets remained focused on Saudi Arabia's unexpected pledge to deepen its oil cuts and firmer equities, shrugging off political turmoil in the United States.

Stocks, U.S. yields climb after Democrats win control of the Senate

Bond prices dropped and stocks hit record highs on Thursday as investors bet Democratic control of the U.S. Congress would enable President-elect Joe Biden to borrow and spend heavily, while higher yields helped a bruised dollar recover from near three-year lows.

U.S. suspends French tariffs over digital services tax

WASHINGTON/PARIS (Reuters) -The United States has indefinitely suspended 25% tariffs on French cosmetics, handbags and other imports it had planned in retaliation for a digital services tax Washington says will harm U.S. tech firms, as it investigates similar taxes elsewhere.

Moderna CEO says vaccine likely to protect for 'couple of years'

Moderna's COVID-19 mRNA vaccine is likely to offer protection of up to a couple of years, its chief executive said on Thursday, even though more data is still needed to make a definitive assessment.