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03 December
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Kroger, Jobless Claims, Business Activity Data: 3 Things to Watch

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By Liz Moyer Investing.com -- A long-awaited federal stimulus plan edged closer to reality on Wednesday, helping to boost stocks despite gloomier news on the progress of containing Covid-19. House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer backed a $908 billion deal that includes support for small businesses and unemployed Americans. The deal should be used "as the basis for immediate negotiations,"...

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02 December
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Trump hints at 2024 run, Biden to meet with U.S. workers hit by pandemic

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By Steve Holland and Jarrett Renshaw WASHINGTON/WILMINGTON, Del. (Reuters) - Donald Trump hinted he may be ready to move on to planning another run for the U.S. presidency in 2024 as President-elect Joe Biden prepared on Wednesday to confront the raging pandemic that will likely be his first major challenge in office. Biden, who has promised to act quickly to provide more...

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02 December
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EU faces dangerous dilemma over financing battle

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By Jan Strupczewski BRUSSELS (Reuters) - Poland's and Hungary's veto of the European Union's 1.8 trillion euro financing package has plunged the bloc into a battle that threatens to damage both its economy and unity at a time when it is already struggling to cope with the COVID-19 pandemic. The 27-nation bloc faces a dilemma over how to resolve the stand-off and...

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02 December
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Mustier exit complicates Italian attempt at MPS deal with UniCredit

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By Pamela Barbaglia, Giuseppe Fonte and Valentina Za LONDON/MILAN (Reuters) - Jean Pierre Mustier's abrupt resignation as chief executive of UniCredit complicates Italian Treasury efforts to shore up Monte dei Paschi (MPS), leaving merger negotiations stranded and delays likely. The Treasury wants to have secured a solution to long-running problems at MPS by...

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02 December
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Canada shares higher at close of trade; S&P/TSX Composite up 0.05%

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Investing.com – Canada equities were higher at the close on Wednesday, as gains in the Healthcare, Energy and Consumer Staples sectors propelled shares higher. At the close in Toronto, the S&P/TSX Composite rose 0.05%. The biggest gainers of the session on the S&P/TSX Composite were Aurora Cannabis Inc (TSX:ACB), which rose 10.38% or 1.310 points to trade at 13.930...

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02 December
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Ex-Goldman Sachs President Cohn has not returned pay after 1MDB clawbacks – Bloomberg News

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(Reuters) - Goldman Sachs (NYSE:GS) has failed to persuade former president Gary Cohn to return over $10 million he received in pay, as part of the bank's effort to reclaim executive compensation over the 1MDB scandal, Bloomberg News reported on Wednesday. There is little that the bank can do if Cohn, the former economic adviser to U.S. President Donald Trump, simply refuses...

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