Wall Street jumps on stimulus hopes, upbeat data
Wall Street’s main indexes jumped on Wednesday, with the S&P 500 on course for its best two-quarter gain since 2009, as investors rekindled bets on an imminent fiscal stimulus package, while upbeat data suggested a domestic economic recovery was on track.
Meet the lawyers behind the upcoming U.S./Google antitrust showdown
The U.S. antitrust case against Alphabet Inc’s Google will spotlight two lawyers better known for behind-the-scenes counseling: Justice Department attorney Ryan Shores, who is putting together the case, and Google executive Kent Walker, who is calling the shots on the search engine company’s defense.
Global banks ramp up preparations for U.S. election night chaos, sources say
Global banks are preparing for the possibility that there will be no clear victor on the night of the U.S. presidential election, a scenario that could spark days or weeks of chaos in global equities and fixed income markets, several bankers said.
Louisville officer calls for peace after being shot during protests
One of the Louisville, Kentucky, police officers who was shot last week during protests following the grand jury’s decision in the Breonna Taylor case on Wednesday called for a de-escalation of tensions between demonstrators and police.
U.S. airlines asked to delay furloughs if aid deal in sight
U.S. Treasury Secretary Steven Mnuchin urged U.S. airlines to delay tens of thousands of furloughs set to begin on Thursday if a bipartisan deal on a broad coronavirus relief package was in sight.
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FAA chief tests Boeing 737 MAX in certification step
Federal Aviation Administration (FAA) Chief Steve Dickson began a two-hour evaluation flight at the controls of a Boeing 737 MAX on Wednesday, a milestone for the jet to win approval to resume flying after two fatal crashes.
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