Four states reported a record one-day increase in COVID-19 deaths including Wisconsin, a hotly contested state in the election, according to a Reuters analysis, as infections kept rising across the Midwest and beyond.
Business & Financial News, U.S & International Breaking News
Pandemic thwarts arguments as U.S. judge reviews Trump rape accuser's defamation case
A U.S. judge said he will consider without hearing arguments whether to excuse President Donald Trump from a defamation lawsuit by a former Elle magazine columnist, after the coronavirus pandemic unexpectedly derailed the government from presenting its case on Wednesday.
U.S. economy's rebound sets up test of Fed's new pledge
The stronger-than-expected U.S. economic rebound from coronavirus lows could set up an early test for the Federal Reserve's new pledge to keep interest rates near zero and its increased tolerance for inflation.
Democrats seize on U.S. Supreme Court election deadlock in Barrett fight
The Supreme Court's deadlock this week in a key election case illustrates the power President Donald Trump's nominee Amy Coney Barrett could wield and reveals why Republicans are hurrying to install her as a justice, Democrats said on Wednesday in their latest pitch to block her U.S. Senate confirmation.
Tesla sets revenue record, makes profit thanks to pollution credit sales to rivals
Tesla Inc on Wednesday reported its fifth consecutive quarterly profit on record revenue of $8.8 billion, boosted by an uptick in vehicle deliveries and sales of environmental regulatory credits to other automakers.
S&P ends choppy session lower as U.S. stimulus talks drag on
Wall Street's three major averages closed lower on Wednesday after a volatile trading session, as investors worried whether difficult negotiations in Washington would produce a deal for a fresh U.S. coronavirus stimulus package.
Exclusive: Ferragamo family explores stake sale as stars' shoemaker seeks to recover shine - sources
The family owners of Italian fashion house Salvatore Ferragamo have held informal talks with investors to sell a minority stake in their holding firm as they scramble to turn around the brand famous for shoes worn by Hollywood stars such as Audrey Hepburn, five sources told Reuters.
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