Friday 15 January 2021

Wall Street closes lower as banks, energy shares tumble

Wall Street closes lower as banks, energy shares tumble

Wall Street's main indexes finished lower on Friday, weighed down by big U.S. banks after their earnings reports, while the energy fell sharply due to a regulatory probe into Exxon Mobil Corp.

Republicans face growing corporate backlash after Capitol assault

Republicans in the U.S. Congress faced growing blowback on Monday from businesses that said they would cut off campaign contributions to those who voted last week to challenge President-elect Joe Biden's victory.

Salesforce says it has 'taken action' to prevent further U.S. political violence

Business software maker Salesforce.com Inc said on Monday it had "taken action" to prevent its tools from being used by the U.S. Republican National Committee in ways that could lead to further violence around the country's presidential transition.

U.S. shale producers lock in future sales as oil prices rise to one-year high

U.S. shale producers are taking advantage of the oil market's rally to levels not seen in nearly a year by locking in prices for future sales, sources familiar with the matter said.

Exclusive: Canada's Couche-Tard drops Carrefour takeover plan -source

Canada's Alimentation Couche-Tard has dropped its bid to acquire European retailer Carrefour SA after its takeover proposal ran into stiff opposition from the French government, a source familiar with the matter told Reuters on Friday.

Data, lockdowns weigh on stocks and oil; dollar rises

Stock and oil prices fell on Friday, pressured by intensifying lockdowns and weak U.S. retail sales data, while the dollar was on track to post its strongest week in over two months.

Dating app Bumble reveals steady revenue growth, losses in IPO filing

Dating app Bumble, which is backed by private equity firm Blackstone Group, on Friday made public its regulatory filing for an initial public offering, revealing steady revenue growth and higher operating costs that resulted in a loss.

France's Total quits top U.S. oil lobby in climate split

France's Total SE on Friday became the first major global energy company to quit the main U.S. oil and gas lobby due to disagreements over its climate policies and support for easing drilling regulations.

Oil drops over 2% on China lockdowns, U.S. stimulus concerns

Oil prices fell more than 2% on Friday, with both contracts posting a loss on the week as concerns about Chinese cities in lockdown due to coronavirus outbreaks tempered a rally driven by strong import data from the world's biggest crude importer.

Amazon union election to start in February, U.S. labor board says

Amazon.com Inc's first U.S. union election since 2014 is scheduled to begin with the mailing of ballots in early February and a vote count starting March 30, a U.S. labor board official said in a filing on Friday.

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