Goldman Sachs on Thursday agreed to pay nearly $3 billion to settle a probe into its role in Malaysia's 1MDB corruption scandal, and its Malaysia unit agreed to plead guilty to violating foreign bribery laws, drawing a line under a saga that has dogged the bank for years.
American Airlines and Southwest Airlines signaled on Thursday that they would continue to hemorrhage cash into next year as revenues hover around a third of 2019's levels due to a collapse in demand from the coronavirus.
Wall Street's main indexes swung between slight gains and losses on Thursday, as investors held out for more fiscal stimulus against the backdrop of economic data pointing to a slowing labor market recovery.
The number of Americans filing new claims for unemployment benefits fell more than expected last week, but remained very high as the labor market recovery shows signs of strain amid a relentless COVID-19 pandemic and ebbing fiscal stimulus.
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Coca-Cola Co beat revenue and profit expectations on Thursday as a partial reopening of theaters and restaurants boosted demand and helped the world's largest soda maker bounce back from a shattering second quarter.
PayPal Holdings Inc's decision to open its network to bitcoin and its rivals was hailed by virtual coin enthusiasts as a watershed moment for cryptocurrencies and their path towards becoming a widespread means of payment.
| S&P » | 3,433.60 | -0.06% |
| Dow » | 28,213.96 | +0.01% |
| FTSE 100 » | 5,785.65 | +0.16% |
| Nikkei 225 » | 23,474.27 | -0.70% |
| US 10YR |
+0.823
|
+0.007 |
| DE 10YR |
-0.568
|
+0.000 |
| JP 10YR |
+0.038
|
+0.007 |
| USD / EUR » | 0.8459 | +0.34% |
| USD / GBP » | 0.7637 | +0.45% |
| USD / JPY » | 104.8200 | +0.25% |