(Reuters) - Wall Street’s main indexes fell on Monday, as prospects of a quick resolution to the U.S.-China trade war dimmed following comments from President Donald Trump, while escalating violence in Hong Kong added to the downbeat sentiment.
The public should expect a "flurry" of pardons before President Donald Trump leaves office. A source close to the White House suggested this, according to reports at CNN. The reality is that pardons happen at the end of almost all previous administrations. This source said Trump's advisers say it would perfectly fine for Trump to pardon his family members. He may also pardon other associates preemptively, even if they haven't been charged with any crimes.
U.S. President Donald Trump released a lengthy speech recorded at the White House on Wednesday, in which he repeated his unsubstantiated claims of widespread election fraud, a day after Attorney General William Barr said there was no evidence of widespread fraud that could change the outcome. This report produced by Chris Dignam.
Spartan Capital Securities chief market economist Peter Cardillo tells Reuters Fred Katayama investors are overly optimistic on the impact of vaccines as AstraZeneca's trial data comes under question. He also provides his view on retailers' prospects for the holiday shopping season.
Tesla may be the new kid on the block in the auto industry, but it's quickly become a big kid on Wall Street. The electric-car maker's shares continued to climb more than 4% on Tuesday. This increases the company's total market value above $500 billion for the first time. The milestone comes on the heels of a banner year for Tesla's stock, says CNN. Tesla recently upgraded facility now has the capacity to build 500,000 Model Y and Model 3 sedans a year.
Joshua Wong, 24, one of Hong Kong's most prominent democracy activists, was jailed on Wednesday for more than 13 months over an unlawful anti-government rally in 2019, the toughest and most high-profile sentence for an opposition figure this year. Maha Albadrawi reports.
DoorDash, the U.S. food delivery startup backed by SoftBank Group, made public on Friday its regulatory filing for a listing on the New York Stock Exchange, setting the stage for a blockbuster IPO before the end of the year. Fred Katayama reports.
A group of U.S. states led by New York is investigating Facebook for possible antitrust violations and plan to file a lawsuit against the social media giant next week, four sources familiar with the matter said on Wednesday. Flora Bradley-Watson reports.