Wall Street may be facing an uncomfortable four years after President-elect Joe Biden's team confirmed on Monday it planned to nominate two consumer champions to lead top financial agencies, signaling a tougher stance on the industry than many had anticipated.
U.S. President-elect Joe Biden will nominate Gary Gensler to serve as the commissioner of the Securities and Exchange Commission and Federal Trade Commission member Rohit Chopra to head the Consumer Financial Protection Bureau, the campaign said in a statement on Monday.
Global stock markets wavered on Monday as soaring COVID-19 cases offset investor hopes of a quick economic recovery, even after data showing that the Chinese economy rebounded faster-than-expected in the fourth quarter of 2020.
China's economy picked up speed in the fourth quarter, with growth beating expectations as it ended a rough coronavirus-striken 2020 in remarkably good shape and remained poised to expand further this year even as the global pandemic rages unabated.
A South Korean court sentenced Samsung Electronics vice chairman Jay Y. Lee to two and a half years in prison on Monday, which could delay the group's ownership restructuring following the death of Lee's father in October.
When the pandemic hit, Larry Gadea, CEO of the San Francisco-based office-services startup Envoy, saw a chance to pivot.
Canada said on Monday it will lift a near two-year flight ban on Boeing Co's 737 MAX on Jan. 20, joining other countries like the United States that have brought the aircraft back following two fatal crashes involving the model.
| S&P » | 3,768.25 | -0.72% |
| Dow » | 30,814.26 | -0.57% |
| FTSE 100 » | 6,720.65 | -0.22% |
| Nikkei 225 » | 28,242.21 | -0.97% |
| US 10YR |
+1.087
|
+0.000 |
| DE 10YR |
-0.524
|
+0.000 |
| JP 10YR |
+0.055
|
+0.006 |
| USD / EUR » | 0.8278 | +0.04% |
| USD / GBP » | 0.7359 | +0.01% |
| USD / JPY » | 103.6800 | -0.13% |