Stocks Close Mostly Higher Amid Election Aid Wait
U S stock indexes finished mixed with the S P 500 up 0 3 percent for a 3 465 39 close while the Dow slipped 28 09 points and the Nasdaq rose 0 4 percent as investors weighed corporate results and ongoing negotiations on additional pandemic relief ahead of the November election.
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Biden signals transition away from oil during debate
In a televised debate, Joe Biden said he would transition away from the oil industry, a remark prompting Republican attacks about job loss while Democrats urged responsible energy policy. The exchange highlights tensions over climate plans and the pace of fossil fuel phaseouts amid an election fight.
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Trial of Russian in alleged bitcoin fraud to wrap in Paris
Paris prosecutors seek a 10 year jail term and a 750000 euro fine for Alexander Vinnik accused of a 135 million euro ransomware and bitcoin led fraud. He faces extortion money laundering and criminal association charges with US and Russia warrants.
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AmEx Fourth Quarter Profits Fall 39 Percent in Pandemic Hit
Roundup from Charlotte and Frankfurt reports AmEx earnings at 1.07 billion dollars or 1.30 per share, down from 1.76 billion or 2.08 a year earlier, missing forecasts as travel, dining, and entertainment demand slumps. Discount revenue slides to 4.99 billion from 6.83 billion amid reduced card activity. Daimler notes third quarter rebound with 2.16 billion euros profit, driven by cost cutting and strong SUV demand, as China recovery supports earnings after lockdowns. Net liquidity remains robust at 13.1 billion euros with high cash flow for tech and digital services.
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