Bitcoin hits $40,000 for first time, but pullback likely imminent

Bitcoin topped $40,000 for the first time on Thursday, as it continues a rally that has seen the digital currency climb more than 700% from a March 12 closing low.

Oil hits 11-month highs on Saudi cuts, shrugs off U.S. turmoil

NEW YORK (Reuters) -Oil prices settled higher on Thursday, hitting 11-month peaks, as markets remained focused on Saudi Arabia's unexpected pledge to deepen its oil cuts and firmer equities, shrugging off political turmoil in the United States.

Stocks, U.S. yields climb after Democrats win control of the Senate

Bond prices dropped and stocks hit record highs on Thursday as investors bet Democratic control of the U.S. Congress would enable President-elect Joe Biden to borrow and spend heavily, while higher yields helped a bruised dollar recover from near three-year lows.

Wall Street at record high as Democrats take control of Senate

Wall Street hit record levels on Thursday as market participants bet on more coronavirus relief aid under a Democrat-controlled U.S. Congress to help the economy ride out a steep pandemic-induced downturn.

U.S. suspends French tariffs over digital services tax

WASHINGTON/PARIS (Reuters) -The United States has indefinitely suspended 25% tariffs on French cosmetics, handbags and other imports it had planned in retaliation for a digital services tax Washington says will harm U.S. tech firms, as it investigates similar taxes elsewhere.

Moderna CEO says vaccine likely to protect for 'couple of years'

Moderna's COVID-19 mRNA vaccine is likely to offer protection of up to a couple of years, its chief executive said on Thursday, even though more data is still needed to make a definitive assessment.

Conagra issues upbeat profit forecast, reports in-line quarterly sales

Conagra Brands Inc on Thursday forecast current-quarter profit above Wall Street estimates, betting on continued demand for its frozen dinners, cake mixes and snacks as the COVID-19 pandemic shows little sign of easing.

U.S. federal investigators probe business-card sales practices at AmEx - WSJ

(Reuters) -Federal investigators are probing business-card sales practices at American Express Co, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

Tesla's stock market value tops Facebook's

Shares of Tesla surged to a record high on Thursday, with the electric car maker's stock market value briefly exceeding Facebook's for the first time.

Smithfield Foods shakes up management team under new CEO

Smithfield Foods on Thursday unveiled a management shakeup as the world's largest pork processor and its new chief executive deal with the ripple effects of a pandemic-led drop in restaurant meat consumption and coronavirus infections among U.S. workers.

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