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22 Dec

U.S. stocks close up as Omicron fears fall; 'Santa Claus rally' may be muted

NEW YORK (Reuters) -U.S. stock indexes closed broadly higher on Wednesday after investors cheered positive economic data and the White House said it was resuming talks on a massive social spending and climate change bill with a holdout senator.

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22 Dec

U.S. weapons exports decreased 21% to $138.2 billion in fiscal 2021

Sales of U.S. military equipment to foreign governments fell 21% to $138 billion in the latest fiscal year, the U.S. State Department said on Wednesday, as the Biden administration shifts away from some of the more aggressive arms sales practices under former President Donald Trump.

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22 Dec

Oil prices rally on inventory drawdown, casting Omicron caution to the wind

NEW YORK (Reuters) -Oil prices rose on Wednesday after a larger-than-expected drawdown in U.S. inventories, shaking off worries about the likely hit to economic activity from the spread of the Omicron coronavirus variant.

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22 Dec

China Telecom plans to continue some U.S. services after FCC revokes authorization

China Telecom's U.S. unit said Wednesday it plans to continue providing some services in the United States in 2022 after a U.S. regulator revoked its authorization to operate telecommunications in the country, citing national security.

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22 Dec

Wall St gains on upbeat economic data, encouraging Omicron update

Wall Street's main indexes pushed higher on Wednesday in a broad rally after upbeat consumer confidence and other economic data and hopeful developments about the severity of the Omicron coronavirus variant that is sweeping the world.

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22 Dec

Wall St mints strong gains on rosy economic data, encouraging Omicron update

Wall Street's main indexes powered higher on Wednesday in a broad rally after upbeat economic data and hopeful developments about the severity of the Omicron coronavirus variant that is sweeping the world.

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22 Dec

European Commission grants approval for Discovery acquisition of WarnerMedia

Discovery Inc said on Wednesday the European Commission has granted unconditional antitrust approval to its proposed acquisition of WarnerMedia assets from AT&T Inc.

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