Category: Uncategorized

The U.S. presidential vote that concluded Tuesday night was still too close to call on Wednesday morning. It may well remain this way for a while. Yet — and, I suspect counter-intuitively for many — regardless of who ultimately wins, three things are clear at this stage that spell trouble for the U.S. economy, and…

Mohamed El-Erian: A divided electorate spells trouble for the U.S. economy in three key areas — Financial Post

Bombardier Inc. fell after the U.K’s Serious Fraud Office confirmed that it was investigating the company over “suspected bribery and corruption.” Read More

U.K probing Bombardier for suspected bribery, corruption in Indonesia — Financial Post

General Motors will invest close to $1.3 billion to reopen its storied Oshawa plant, which was shuttered in 2018, and heavy-duty trucks will begin rolling off the assembly line by 2022, according to a tentative agreement reached in the wee hours of Thursday with its major union Unifor. Read More

GM to reopen Oshawa plant to make trucks, says tentative union agreement — Financial Post

LONDON — Lloyd’s of London has dropped ambitious plans to set up its own electronic exchanges and will work with other existing platforms to speed up the underwriting process and cut costs, the commercial insurance market said on Thursday. Read More

Lloyd’s of London ditches plan to create its own electronic exchanges — Financial Post

WASHINGTON — The number of Americans filing new claims for unemployment benefits fell only slightly last week, adding to signs that the economic recovery was losing steam as the COVID-19 pandemic intensifies and fiscal stimulus ends. Read More

U.S. weekly jobless claims fall modestly; labor market recovery slowing — Financial Post

MOSCOW — President Vladimir Putin has signed a decree ordering the Russian government to try to meet the 2015 Paris Agreement to fight climate change, but stressed that any action must be balanced with the need to ensure strong economic development. Read More

Putin orders Russian government to try to meet Paris climate goals — Financial Post

MOSCOW — President Vladimir Putin has signed a decree ordering the Russian government to try to meet the 2015 Paris Agreement to fight climate change, but stressed that any action must be balanced with the need to ensure strong economic development. Read More

Putin orders Russian government to try to meet Paris climate goals — Financial Post

LONDON — Bentley Motors’ model line-up will include only plug-in hybrids and electric cars by 2026 and will be fully electric by 2030, the British luxury carmaker said on Thursday, as the auto industry adapts to tighter emissions limits in Europe and China. Read More

Bentley’s luxury car range to be fully electric by 2030 — Financial Post

Apple Inc has been ordered to face a proposed class-action lawsuit by shareholders who accused Chief Executive Tim Cook of concealing falling demand for iPhones in China, resulting in billions of dollars of investor losses. Read More

Apple must face shareholder lawsuit over CEO Cook’s China sales comments — Financial Post

U.S. stocks jumped on Thursday as bets on Republicans retaining control of the Senate eased worries of major policy changes that could hurt corporate America under a Joe Biden White House, even as the presidential election hung in balance. Read More

Wall St draws comfort from divided Congress, eyes move to Fed — Financial Post