U.S. stocks joined their global counterparts in the black, and were on track for weekly gains on Friday as ongoing fiscal aid talks and growing expectations for Democratic election victories revived hopes over economic stimulus.
U.S. stocks rose on Friday and the S&P 500 was on track for a second straight week of gains as optimism over more federal fiscal aid gathered momentum.
Large and powerful Hurricane Delta dealt the greatest blow to U.S. offshore Gulf of Mexico energy production in 15 years, halting most of the region's oil and nearly two-thirds of natural gas output.
A Myanmar-born perfume entrepreneur and missionary has snapped up nearly half of the oil and gas leases offered by the Trump administration since August, saying the coronavirus pandemic created an opportunity to buy them cheaply.
The four Big Tech companies -- Alphabet's Google , Amazon , Apple and Facebook -- face an array of antitrust investigations at the federal and state level which were revealed in mid-2019.
Wealthy Americans are scrambling to change their estate plans before year-end, worried that Democrat Joe Biden will win the U.S. presidential election and raise taxes, say financial advisers to the moneyed set.
President Donald Trump promised a new dawn for the struggling U.S. steel industry in 2016, and the lure of new jobs in Midwestern states including Michigan helped him eke out a surprise election win.
U.S. Gulf of Mexico offshore oil output on Friday was down by 1.69 million barrels, or 92% of the region's daily production, the U.S. Department of Interior reported, as energy companies shut wells and offshore pipelines as Hurricane Delta churned through.
Airbus reached the highest number of monthly deliveries of passenger planes so far this year in September, but logged no new sales as crisis-hit airlines continue to bleed cash.
Pfizer said on Friday its cancer drug Ibrance did not meet the main goal in a late-stage trial in patients with a type of breast cancer. Conway G. Gittens has more.
