Business
Improving Farm Economy Drives Up Deere Earnings
Deere & Co on Wednesday reported a rise in quarterly earnings, defying Wall Street estimates for a decline, as higher crop prices, government subsidy payments and replacement demand for an aging fleet lifted demand for farm machines.
Tesla Market Value Crosses $500 Billion In Meteoric Rally
Tesla Inc blew past $500 billion in market value on Tuesday as investors snapped up its shares in the runup to its debut in the S&P 500, extending a meteoric rally that has seen it surge over 500% this year.
After Borrowing Surge, Sunak To Announce More Spending
British finance minister Rishi Sunak, who has already pledged over 200 billion pounds to fight the COVID19 crisis, will free up more cash on Wednesday against the backdrop of the heaviest public borrowing since World War Two.
Analysis: Dow Cracks 30,000, A Psychological Boost During A Pandemic
The Dow Jones Industrial Average clocked its fastest 10,000 point run up to cross 30,000 for the first time on Tuesday, giving the stock market a psychological boost at a time when the coronavirus pandemic has damaged the economy and left millions unempl...
China Economic Activity Can Return To Reasonable Range In 2021: Premier Li
China's premier Li Keqiang said on Tuesday he expects economic activity in the country can return to a reasonable range next year, after the impact of the coronavirus pandemic on GDP growth in 2020.
As More Countries Pledge Zero Emissions, Coal Finance Evaporates
Financing for coal projects is drying up at ever increasing rates as more countries target zero carbon emissions amid an energy transition sweeping the world, participants at Asia's biggest gathering of the coal industry said on Tuesday.
Best Buy Reports 3Q Results That Exceed Wall Street Views
Best Buy Co. reported fiscal thirdquarter results that blew through analysts' expectations as the nation's largest retailer enjoyed surging demand for items like home theater and appliances that help people learn, cook, work and connect in their homes dur...
Rookies Make Big Impact As Colts Stay In Playoff Contention
As safety Julian Blackmon studied his new Indianapolis Colts playbook last spring, one thought kept running through his mind: Defensive Rookie of the Year.
Altice, Korn Ferry Rise; Newmont, Twist Bioscience Fall
Stocks that moved heavily or traded substantially Monday:
AP Source: Biden Taps Ex-Fed Chair Yellen To Lead Treasury
Presidentelect Joe Biden has chosen former Federal Reserve Chair Janet Yellen to serve as treasury secretary, a pivotal role in which she would help shape and direct his economic policies, according to a person familiar with the transition plans.
WHO Says $4.3 Billion Urgently Needed For Vaccine Sharing Scheme
There is a risk that the poor and vulnerable will be trampled on in the stampede for coronavirus vaccines, the head of the World Health Organization said on Monday, adding that $4.3 billion was needed urgently for a world vaccinesharing scheme.
Blackstone CEO, A Trump Ally, Says Election Result Clear; Time To Move On
Blackstone Group Inc Chief Executive Stephen Schwarzman, one of Wall Street's biggest donors to President Donald Trump's reelection campaign, said on Monday that the election outcome was now certain and that the United States should move on.
Britain Wants To Agree An EU Free-trade Deal: Finance Minister Sunak
Britain wants to strike a freetrade deal with the European Union, but the shortterm impact of not doing so will be overshadowed by the COVID19 pandemic, British Finance Minister Rishi Sunak told the BBC's Andrew Marr programme on Sunday.
Germany Plans For $190 Billion In New Debt In 2021 - Sources
German Finance Minister Olaf Scholz plans to take on at least 160 billion euros ($190 billion) in new debt in 2021 to help stave off the economic impact of the COVID19 pandemic, three people familiar with the matter said on Sunday.
UK Gearing Up To Maintain Tariffs On U.S. Goods In Aircraft Subsidy Case - UK Official
Britain is gearing up to continue imposing retaliatory tariffs on U.S. goods over subsidies provided to Boeing Co as it completes its withdrawal from the European Union at the end of the year, a UK official familiar with the matter said on Friday.
U.S. Economy Faces Looming Test As Coronavirus Wildfire Rages
The uneasy balance between the wildfirelike spread of the coronavirus in the United States and an economy that remains largely open may be tested in coming weeks if face mask mandates and other lightertouch measures fail to control the crisis.