Wall Street banks slam lending proposal as 'unworkable' and 'political'

Major U.S. banks on Wednesday pushed back on a proposal to bar them from snubbing controversial business sectors, such as oil and gas giants, in an unlikely turn of events that has pitched Wall Street against one of the Trump administration's industry-friendly regulators.

U.S. rejects permit for Alaska mine, company vows appeal

The U.S. Army Corps of Engineers on Wednesday issued its final decision to deny a key water permit for the contentious Pebble Mine in Alaska, putting the project's future in doubt even as the company behind it plans to appeal the decision.

U.S. grants ByteDance new seven-day extension of TikTok sale order - filing

The Trump administration on Wednesday granted ByteDance a new seven-day extension of a divestiture order that had directed the Chinese company to sell its TikTok short video-sharing app, according to a court filing.

Rising U.S. weekly jobless claims, COVID-19 cases point to slowing economic recovery

The number of Americans filing first-time claims for jobless benefits increased further last week, suggesting that an explosion in new COVID-19 infections and business restrictions were boosting layoffs and undermining the labor market recovery.

Brazil aviation regulator sees end to Boeing 737 MAX ban

Brazilian aviation regulator ANAC on Wednesday lifted the grounding of the Boeing 737 MAX, following U.S. clearance of the plane for flight, after a redesign prompted by two fatal crashes that killed 346 people.

Oil rallies past 8-month high on U.S. crude inventory draw, vaccine hopes

Oil prices climbed nearly 2% to their highest in more than eight months on Wednesday, as data showing a surprise drop in weekly U.S. crude inventories extended a rally driven by hopes that a COVID-19 vaccine will boost fuel demand.

Exclusive: Exxon and Total in talks over Mozambique LNG resource-sharing deal - sources

ExxonMobil and Total are in negotiations over their massive LNG projects in Mozambique, with each seeking to extract more gas from a shared field that straddles the two developments and cut costs, three sources familiar with the matter told Reuters.

Tesla's upcoming S&P 500 debut fuels 'crazy' trading volume

If you traded a stock in the past week, there's a fair chance it was Tesla.

Fed policymakers may give new bond-buying guidance 'fairly soon': minutes

U.S. Federal Reserve policymakers may soon give new guidance on their plans for asset purchases, including for how long and in what maturities, as they seek to provide more support to markets and the economy, minutes from their November policy-setting meeting show.

Stocks dip on U.S. jobs data; dollar slips, oil climbs

Stocks edged back from record highs on Wednesday as Wall Street bumped up against underwhelming economic data, while oil continued to rise and the dollar weakened further.

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