23 December

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Economic Boost From Stimulus Seen as States and Cities’ Best Bet

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(Bloomberg) -- The federal stimulus passed by Congress this week doesn’t include any direct cash to states and cities, leaving them to rely on the economic boost the aid package promises to fend off some of the deep spending cuts and budget shortfalls caused by the pandemic. That means the recovery for municipal governments will likely be felt unevenly, dragging into late 2021...

23 December

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Fubo’s Record High Short-Lived After BMO Downgrade

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By Christiana Sciaudone Investing.com -- Fubotv Inc (NYSE:FUBO) is whipsawing investors, jumping 130% in the week through yesterday, only to slide 9% today. The streaming service had been riding high as the head of the company insinuated live sports partnership deals may be on the table, only to tumble after BMO Capital knocked the company to a hold-equivalent from outperform. Analyst Daniel Salmon bumped...

23 December

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Vivendi buys Prisma from Bertelsmann to expand in French publishing

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PARIS (Reuters) - Vivendi (PA:VIV) said on Wednesday it had agreed to buy Prisma Media from Germany's Bertelsmann, bolstering its presence in the French publishing sector. The French media giant controlled by billionaire Vincent Bollore did not provide any financial details on the expected deal, which concludes exclusive negotiations which were announced with the German group a week ago....

23 December

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Exclusive: U.S. preparing new sanctions to impede Russia’s Nord Stream 2 pipeline

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By Andrea Shalal WASHINGTON (Reuters) - The United States is urging European allies and private companies to halt work that could help build the Nord Stream 2 natural gas pipeline and is preparing wider sanctions on the Russian project in coming weeks, senior Trump administration officials said on Wednesday. The outgoing Trump administration is readying a fresh round of congressionally mandated sanctions...

23 December

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Supermodel Stella Tennant dies suddenly aged 50

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LONDON (Reuters) - Stella Tennant, one of Britain's top models, has died at the age of 50, British media reported on Wednesday. Tennant was born into the Scottish aristocracy. Her unconventional, androgynous looks helped her break into the world of fashion in the 1990s. She went on to become the new face of...

23 December

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Analysis-Supply squeeze won’t ease on global stocks and bonds in 2021

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By Sujata Rao LONDON (Reuters) - An unrelenting squeeze on the supply of global shares and sovereign bonds shows little sign of easing next year, with companies and central banks predicted to be big buyers of these securities in direct competition with investors. The supply mismatch could help to sustain the decade-long bull run in global equities and also keep bond yields...

23 December

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Wall Street Rebounds at Open After Jobless Claims Fall

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By Geoffrey Smith Investing.com -- U.S. stock markets opened mostly higher on Wednesday as trading quietened down ahead of the holiday period, unruffled by data pointing to a weakening of the economy under pressure from the latest wave of the pandemic. By 9:40 AM ET (1440 GMT), the Dow Jones Industrial Average was up 184 points, or 0.6%, at 30,200 points, while the...

23 December

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U.S. should rescind Boeing 737 MAX approval, crash victim families say in letter

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CHICAGO (Reuters) - U.S. regulators should rescind approval for the Boeing (NYSE:BA) Co 737 MAX to fly again following a Senate Commerce Committee report released last week, families of crash victims said in a letter to the Department of Transportation and the Federal Aviation Administration. Asked for comment, the FAA said it had worked closely with other international regulators to conduct "a...

23 December

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Nikola’s Only Order Up in Smoke as Sour Year Ends Worse

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By Christiana Sciaudone Investing.com -- It's been a tough year for one of the brightest prospects on the market. Nikola Corp (NASDAQ:NKLA) is down 9% Wednesday after saying its collaboration with Republic Services (NYSE:RSG) is kaput. The news comes following accusations of fraud raised by short-seller Hindenburg and the subsequent resignation of founder and once-chairman Trevor Milton. Just days before those accusations in September,...

23 December

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Disney Heading for Netflix Margins, Shares Rise

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By Christiana Sciaudone Investing.com -- Disney's streaming service will be a boon for the company, according to two analysts.Shares are up 2.2% on Wednesday after comments from Wells Fargo (NYSE:WFC) and Rosenblatt, who also raised their price targets on the stock. Wells Fargo reiterated an overweight rating and raised its price target on Disney to $201 from $182 following...

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Economic Boost From Stimulus Seen as States and Cities’ Best Bet

Fubo’s Record High Short-Lived After BMO Downgrade

Vivendi buys Prisma from Bertelsmann to expand in French publishing

Exclusive: U.S. preparing new sanctions to impede Russia’s Nord Stream 2 pipeline

Supermodel Stella Tennant dies suddenly aged 50

Analysis-Supply squeeze won’t ease on global stocks and bonds in 2021

Wall Street Rebounds at Open After Jobless Claims Fall

U.S. should rescind Boeing 737 MAX approval, crash victim families say in letter

Nikola’s Only Order Up in Smoke as Sour Year Ends Worse

Disney Heading for Netflix Margins, Shares Rise

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