Wall Street see-sawed on Thursday as investors juggled optimism over progress on stimulus talks Washington with signs of waning momentum of economic recovery from the pandemic recession, now entering its ninth month.
The U.S. economic recovery continued to advance at a slow pace over the past week, with signs that businesses were still rehiring workers but also that a gusher of government assistance earlier in the year may have run its course.
U.S. airlines face a winter test of their finances and question marks over the reach of their domestic flight networks after failing, for now, to win fresh federal aid.
With a framed Joe Biden poster in the background, Amazon.com Inc's Jay Carney made no secret of his long history with the presidential candidate while speaking at a virtual policy roundtable during August's Democratic party convention.
U.S. House Speaker Nancy Pelosi cautioned on Thursday that Democrats and the Trump administration remain far from agreement on COVID-19 relief in several key areas, saying the two sides were locked in debate over both dollars and values.
A Texas judge on Thursday acquitted the U.S. arm of French chemical maker Arkema SA and a top executive of criminal recklessness stemming from a 2017 blaze that injured 21 people, a verdict that ended all charges against its managers.
SoftBank-backed used-car platform Kavak has become Mexico's first tech "unicorn" after reaching a US$1.15 billion valuation in its latest funding round last month, Chief Executive Carlos Garcia told Reuters.
Boeing Co said on Thursday it will move the rest of its 787 Dreamliner production to South Carolina in 2021, a cost-cutting strategy that raises questions over the future its giant Everett plant north of Seattle.
U.S. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin were expected to try again on Thursday to reach a deal on COVID-19 relief, while the House of Representatives stood ready for a second day to move a Democratic bill if talks fail.
Average drive-thru times at major fast food chains got 29.8 seconds slower in 2020, a survey showed on Thursday, dragged by increased safety protocols and staff turnover during the coronavirus pandemic.
