Friday, 8 January 2021

U.S. judge overseeing Google case will sell mutual funds holding Alphabet stock

U.S. judge overseeing Google case will sell mutual funds holding Alphabet stock

The judge hearing the U.S. Justice Department's antitrust case against Alphabet Inc's Google said on Friday he had directed his financial advisers to immediately sell mutual funds he owns that hold Google stock.

Wall St Week Ahead: As political risk fades, earnings may start to matter again

With uncertainties regarding U.S. elections fading, some investors expect company earnings and economic data to play a greater role in moving stock prices this year.

Wall St ends higher in renewed rally on hopes of further stimulus

Wall Street scaled new highs on Friday as hopes of more stimulus from Washington were shaken a bit by a senator's comments but later bolstered after U.S. President-elect Joe Biden said his economic package will be in the trillions of dollars.

Deutsche Bank to pay nearly $125 million to resolve U.S. bribery, metals charges

Deutsche Bank AG will pay nearly $125 million to avoid U.S. prosecution on charges it engaged in foreign bribery schemes and manipulated precious metals markets, the latest blow for the bank as it tries to rebound from a series of scandals.

Bitcoin on record-setting spree, jumps 5% on day

Bitcoin jumped more than 5% on Friday to fresh record highs of $41,530, reversing losses from earlier in the session.

Stimulus hopes push global equity markets to new records, bonds hit 11-mth lows

A global equities rally pushed Japan's Nikkei to a more than three-decade high and U.S. stock benchmarks to new records on Friday, while safe havens such as Treasuries and gold sold off as investors looked past U.S. political unrest and focused on further stimulus to mend the economic damage of the coronavirus pandemic.

U.S. economy loses jobs as COVID-19 hammers restaurants, bars

The U.S. economy shed jobs for the first time in eight months in December as the country buckled under an onslaught of COVID-19 infections, suggesting a significant loss of momentum that could temporarily disrupt the recovery from the pandemic.

Airbus backs jet output target amid supplier concerns

Airbus stuck to ambitions for a partial recovery in jet production later this year, amid speculation that it may have to delay the move as Europe faces new coronavirus lockdowns.

Airbus keeps top spot in coronavirus-blighted jet market

Europe's Airbus posted stronger-than-expected deliveries of 566 jets in 2020, remaining the world's largest planemaker as a year of pandemic-induced upheaval for air travel coincided with a grounding crisis at U.S. rival Boeing.

Chip shortage forces Ford, Toyota, Nissan, FCA to cut vehicle production

Ford Motor Co, Toyota Motor Corp , Fiat Chrysler Automobiles and Nissan Motor Co Ltd said on Friday they would cut vehicle production this month due to a shortage of semiconductors, becoming the latest automakers hit by a chip crunch as demand rebounds from the coronavirus crisis.

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