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Wall Street leaps on stimulus hopes, upbeat data
Wall Street’s primary indexes got on Wednesday, with the S&P 500 on course for its finest two-quarter gain since 2009, as investors rekindled bets on an imminent financial stimulus package, while positive data suggested a domestic financial healing was on track.
Satisfy the legal representatives behind the upcoming U.S./ Google antitrust face-off
The U.S. antitrust case versus Alphabet Inc’s Google will spotlight two legal representatives better understood for behind-the-scenes counseling: Justice Department attorney Ryan Shores, who is assembling the case, and Google executive Kent Walker, who is calling the shots on the online search engine business’s defense.
Global banks ramp up preparations for U.S. election night chaos, sources say
Worldwide banks are preparing for the possibility that there will be no clear victor on the night of the U.S. presidential election, a circumstance that could trigger days or weeks of turmoil in global equities and set income markets, a number of lenders said.
Brazil’s Bolsonaro slams Biden for ‘coward threats’ over Amazon
Brazilian President Jair Bolsonaro responded angrily on Wednesday to U.S. Democratic presidential candidate Joe Biden’s call for a world effort to offer Brazil $20 billion to end Amazon deforestation or face undefined “economic effects.”
U.S. airlines asked to delay furloughs if help deal in sight
U.S. Treasury Secretary Steven Mnuchin advised U.S. airlines to delay tens of countless furloughs set to start on Thursday if a bipartisan deal on a broad coronavirus relief plan remained in sight.
FAA chief tests Boeing 737 MAX in accreditation action
Federal Aviation Administration (FAA) Chief Steve Dickson began a two-hour evaluation flight at the controls of a Boeing 737 MAX on Wednesday, a turning point for the jet to win approval to resume flying after 2 fatal crashes.