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Gebru is a co-founder of Black in AI, an organization dedicated to increasing the number of Black researchers in artificial intelligence. Within 30 minutes of going live Thursday afternoon, the letter amassed over 100 signatures from Google employees alone. By Friday morning, there were signatures from 794 Google employees and 1,136 academic industry and civil society supporters. At Google, Black women represent only 0.7 percent of its technical workforce, according to the company’s 2020 diversity report. Other employees and labor organizers at Google who were fired last year also filed complaints to the NLRB.
Persons: Timnit, , Jeff Dean, Gebru, ” Gebru, , ” Dean, “ Timnit, Dean, hadn’t, Alex Hanna, Dylan Baker, I’ve, Meredith Whittaker, Kathryn Spires, Laurence Berland, “ We’re, ” Berland Organizations: Intelligence, Twitter, Google, NBC News, AI, New York University, Facebook, Allies, Ethical, National Labor Relations Board
SAO PAULO/NEW YORK (Reuters) - BP Bunge Bioenergia, a Brazil-based joint venture for sugar and biofuels, took advantage of what it called a “rare market condition” to hedge a large amount of sugar sales for the next two seasons. Those market moves allowed BP Bunge to lock in high sugar prices before prices weakened again. The country exported almost 22 million tonnes of sugar from January to October versus 13 million tonnes at the same time a year earlier, based on official data. Sugar prices rose due to production cuts in regions such as Thailand and Europe and as funds bought futures, building a heavy long position in the commodity. Its plants could crush up to 32 million tonnes of sugar cane per season, but are expected to end the current season processing 28 million tonnes.
Persons: Bunge, , BP Bunge, Mario Lindenhayn Organizations: SAO PAULO, NEW, JV, Bunge Ltd, BP Plc, BP Bunge, BP Locations: Brazil, New York, Thailand, Europe, Brazilian, China
BELGRADE (Reuters) - Montenegro’s parliament on Friday endorsed a new coalition government with a wafer-thin majority that needs to steer the country through the coronavirus crisis and an economic downturn after ending three decades of socialist rule. Slideshow ( 4 images )The coalition, which has the support of only 41 deputies in the 81-seat parliament, was put together with conservative pro-Serb, centre-right and green parties after the Aug. 30 election. The new government will also seek to dismantle a state apparatus built by the Democratic Party of Socialists (DPS) led by long-serving President Milo Djukanovic. The new government enjoys the support of the conservative Serbian Orthodox Church, the biggest in the country, and wants closer ties with Serbia, a former partner in the now-defunct Yugoslav federation. This year and last, the Serbian Orthodox Church held daily protests against a law adopted last December that allows the state to seize religious assets whose historical ownership cannot be proven.
Persons: Zdravko Krivokapic, Milos Konatar, Milo Djukanovic, Krivokapic, Djukanovic Organizations: BELGRADE, Reuters, European Union, Democratic Party of Socialists, DPS, Djukanovic, Serbian Orthodox Church Locations: Montenegro, Serbia, Yugoslav, Serbian
BRUSSELS (Reuters) - Companies hoping the EU and the new U.S. administration will soon strike a new transatlantic data transfer pact to replace one struck down by a court will probably have to wait months for any result, the head of the EU privacy watchdog said on Friday. REUTERS/Kacper Pempel/Illustration/File PhotoWashington and Brussels have in recent years seen their data transfer accords, one known as the Safe Harbour and its successor the Privacy Shield, rejected by Europe’s top court because of concerns about U.S. surveillance. More than 5,000 companies had signed up to the Privacy Shield set up in 2016 when the Luxembourg-based EU Court of Justice (CJEU) scrapped it in July this year, disrupting their businesses and exposing them to the risk of privacy lawsuits. To that end, Wiewiorowski gave a thumbs up to the European Commission’s proposed revisions to data transfer tools known as standard contractual clauses used by thousands of companies to transfer data around the world for services ranging cloud infrastructure, data hosting, payroll and finance to marketing. “The proposed standard contractual clauses look very promising and they are already introducing many thoughts given by the data protection authorities,” he said.
Persons: Kacper, Max Schrems, Wojciech Wiewiorowski, Joe Biden, Biden, ” Wiewiorowski, Wiewiorowski, Organizations: Companies, REUTERS, Washington, Facebook, Court of Justice, Protection, Reuters, European, Twitter, Apple Locations: BRUSSELS, Brussels, Austrian, Luxembourg
BRUSSELS (Reuters) - Companies hoping the EU and the new U.S. administration will soon strike a new transatlantic data transfer pact to replace one struck down by a court will probably have to wait months for any result, the head of the EU privacy watchdog said on Friday. REUTERS/Kacper Pempel/Illustration/File PhotoWashington and Brussels have in recent years seen their data transfer accords, one known as the Safe Harbour and its successor the Privacy Shield, rejected by Europe’s top court because of concerns about U.S. surveillance. More than 5,000 companies had signed up to the Privacy Shield set up in 2016 when the Luxembourg-based EU Court of Justice (CJEU) scrapped it in July this year, disrupting their businesses and exposing them to the risk of privacy lawsuits. To that end, Wiewiorowski gave a thumbs up to the European Commission’s proposed revisions to data transfer tools known as standard contractual clauses used by thousands of companies to transfer data around the world for services ranging cloud infrastructure, data hosting, payroll and finance to marketing. “The proposed standard contractual clauses look very promising and they are already introducing many thoughts given by the data protection authorities,” he said.
Persons: Kacper, Max Schrems, Wojciech Wiewiorowski, Joe Biden, Biden, ” Wiewiorowski, Wiewiorowski, Organizations: Companies, REUTERS, Washington, Facebook, Court of Justice, Protection, Reuters, European, Twitter, Apple Locations: BRUSSELS, Brussels, Austrian, Luxembourg
Breakingviews - Fund firm merger-SPAC deal has hairy outline
  + stars: | 2020-12-04 | by ( Richard Beales | ) www.reuters.com + 0.00   time to read: +2 min
REUTERS/Lucas JacksonNEW YORK (Reuters Breakingviews) - Sometimes a transaction looks so hairy that it’s hard to tell if there’s a sensible idea at its core. Dyal Capital Partners and Owl Rock Capital Partners are considering merging and going public through a third entity, a blank-check vehicle called Altimar Acquisition, the firms said on Wednesday. Owl Rock has direct-lending assets under management of $24 billion. Altimar, the special-purpose acquisition company that may buy into the Dyal-Owl Rock combo, is sponsored by another investment firm, HPS Investment Partners. For Dyal and Owl Rock, insider relationships and the overlay of a SPAC – 2020’s hottest financial product – could make the merger potential harder to see.
Persons: Lucas Jackson, Neuberger Berman, Dyal, Lehman Brothers, Michael Rees, Doug Ostrover, Blackstone, Marc Lipschultz, Craig Packer, Goldman Sachs Organizations: New York Stock, REUTERS, YORK, Reuters, Dyal Capital Partners, Owl Rock Capital Partners, Owl, Wall Street, HPS Investment Partners, Lehman, GSO Capital Partners, KKR, Blackstone Locations: New York, It’s, Owl Rock, SPACs
Lasting high? Cannabis industry aims to build on Thanksgiving rush
  + stars: | 2020-12-04 | by ( Shariq Khan | ) www.reuters.com + 0.00   time to read: +6 min
(Reuters) - U.S. cannabis sales hit record levels over the Thanksgiving weekend, prompting industry predictions the combination of COVID-19 anxiety and a trend towards legalisation has triggered a permanent uplift in demand. Stuart Titus, an early cannabis investor and CEO of Medical Marijuana Inc, says 2021 could be the year when cannabis becomes as readily available as alcohol and tobacco. A Gallup poll in November showed support for marijuana legalisation had reached 68% support, the highest level yet and up from 66% last year. “With many Republican Senators now representing states that have passed cannabis legalisation measures by wide margins, we will likely see increased support from Republicans for federal cannabis reforms,” he said. “Lawmakers see cannabis legalisation as a great way to shore up their balance sheets and provide jobs during this time of economic uncertainty,” she told Reuters.
Persons: Stephen Lam, lockdowns, Akerna, Jesus, ” Avis Bulbulyan, Stuart Titus, Kamala Harris ’, Steve Allen, , , Jessica Billingsley, Company’s Allan Organizations: Reuters, Cannabis, REUTERS, Green, New, Siva Enterprises, of Columbia, Medical Marijuana Inc, STATE Marijuana, Democrats, Industry, Gallup, Republican, Parent, Republican Senators, Producers Locations: San Francisco , California, U.S, Idaho, Nebraska, United States, South Dakota, Missouri, Canada
More than eight months into the pandemic, the United States' testing infrastructure is again being challenged. We have chronically neglected public health in the U.S. and then we’re surprised that they’re struggling to keep up? “Our public health system struggles with being underresourced, and it’s not surprising that this happened,” Popescu said. “We have chronically neglected public health in the U.S. and then we’re surprised that they’re struggling to keep up? While the government plays the main role in other countries, the United States fulfills much of its testing through private-public partnerships.
Persons: Allie Vruggink, Jeremy Quillian, Quillian, Quillian didn’t, ” Vruggink, , Saskia Popescu, Brett Giroir, Blythe Adamson, they’re, Giroir, it’s, ” Popescu, , Popescu, Robert Redfield, Donald Trump, Jacqueline Azza, , Azza, Demetrie Barnett, Josiah Smith, Ethan Miller, ” Azza, Adamson, ” Adamson, Caroline Savello, it's, ” Savello, Savello, , Bing Guan, ” Abramson, would’ve Organizations: for Disease Control, NBC, NBC Nightly, Dateline NBC, MSNBC, NBCNews.com, NBC News, George Mason University, America, White, California Bay Area, Clark Atlanta University, Spc, Nevada National Guard, Locations: Holland , Michigan, , Michigan, United States, U.S, States, New York City, California, Tracy , California, Atlanta, Georgia, North Las Vegas, United Kingdom, Germany, Moorhead, Minn
KLM, Delta to offer COVID-19 tested flights from Amsterdam to Atlanta
  + stars: | 2020-12-04 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: +1 min
FILE PHOTO: Cool boxes are seen at the Schiphol Airport as Air France-KLM's cargo operations are preparing a massive logistical operation carrying new vaccines and vaccine candidates for COVID-19 through Amsterdam's Schiphol Airport, Netherlands November 25, 2020. REUTERS/Piroschka van de Wouw/File PhotoAMSTERDAM (Reuters) - KLM, the Dutch arm of Air France-KLM, said on Friday it would begin offering a “COVID-19 tested” flight from Atlanta to Amsterdam together with Delta four times a week from Dec. 15. to increase customer confidence in flying amid the pandemic. Under the plan, passengers will be tested for the virus five days before departure. “The flights will initially run for three weeks and if successful, the airlines hope to extend the program to other markets,” KLM said. Alitalia announced a similar plan for flights from Rome to New York earlier on Friday.
Persons: de Organizations: Airport, Air France, Amsterdam's, REUTERS, AMSTERDAM, KLM, Delta, , Union, ” KLM, Alitalia Locations: Netherlands, Air, Atlanta, Amsterdam, Amsterdam’s Schiphol, U.S, Rome, New York
Airlines try COVID-19 tested transatlantic flights to build confidence
  + stars: | 2020-12-04 | by ( Reuters Staff | ) www.reuters.com sentiment -0.97   time to read: +2 min
FILE PHOTO: Cool boxes are seen at the Schiphol Airport as Air France-KLM's cargo operations are preparing a massive logistical operation carrying new vaccines and vaccine candidates for COVID-19 through Amsterdam's Schiphol Airport, Netherlands November 25, 2020. Under the KLM plan, passengers receive one test five days before their flight, another shortly before the flight, and a third after landing. After testing negative again upon arrival at Amsterdam’s Schiphol airport, U.S. and European Union passengers travelling from Atlanta will be able to skip a 5-day quarantine in the Netherlands. Alitalia announced a similar scheme for Rome to New York flights earlier on Friday, and Delta last week introduced one from Atlanta to Rome. The KLM flights from Atlanta to Amsterdam will run four times a week starting from Dec. 15, the company said, adding that it intends to adopt the system more widely if it is successful.
Persons: de, Pieter Elbers Organizations: Airport, Air France, Amsterdam's, REUTERS, AMSTERDAM, KLM, Union, Alitalia, Delta, ” KLM Locations: Netherlands, Air, Atlanta, Amsterdam’s Schiphol, U.S, Rome, New York, Delta, Amsterdam
Viewed tens of thousands of times, a viral clip of fashion reality show Project Runway shows an outfit with a face mask designed by a contestant named Kovid Kapoor. While the 2019 scene is authentic, some users allege the video is evidence of “predictive programming”, implying that there was prior knowledge of the COVID-19 pandemic. For years, face masks have been commonly used in some Asian countries in response to airborne illnesses outbreaks and the increase of air pollution. The practice has even resulted in an Asian fashion trend known as “smog couture”, which features face masks as a fashionable accessory ( here , here ). Reuters has debunked other claims that allege the COVID-19 pandemic was planned here , here , here .
Persons: Kovid Kapoor, Eric Thayer, Nina Garcia, Karli Kloss, Elaine Welteroth, Brandon Maxwell, Adam Selman, , Brandon, ” Welteroth, Maxwell, Kapoor, ” Kapoor, World Health Organization ”, , Marni Senofonte, Korea —, Kovid Gupta, Read Organizations: New York, REUTERS, UNITED, Facebook, Twitter, YouTube, Ohio State University, Reuters, Chipko, World Health Organization, Centers for Disease Locations: New, India, Korea, China, American
India considers changing new farm laws after mass protests
  + stars: | 2020-12-04 | by ( Mayank Bhardwaj | ) www.reuters.com sentiment -0.99   time to read: +2 min
NEW DELHI (Reuters) - India’s government is considering rolling back some parts of its agricultural reforms after they triggered the biggest protests by farmers in years, officials said on Friday. “The government is open to the idea of imposing taxes on the new wholesale markets to keep a level playing field,” he said. Two other officials said the government was considering making the same concessions, but the government spokesman was not immediately available for comment. Farmer leaders have demanded the government repeal the laws and retain mandatory government purchases, and said that buyers at private markets should pay the same tax as at state-run markets. Under the Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Act, one of the new laws, private players are allowed to set up wholesale markets where transactions will not attract any kind of tax.
Persons: , Farmer Organizations: Reuters, Farmers ’ Produce Trade, Commerce Locations: DELHI, Delhi, Haryana, Punjab
A high school football player in Texas tackled a referee after he was escorted from a game on Thursday night. Emmanuel Duron, a senior defensive tackle at Edinburg High School, was ejected from a football game for a late hit and unsportsmanlike behavior against a player from Pharr-San Juan-Alamo High School, NBC affiliate WOAI-TV reported. The referee was evaluated for a concussion by medical personnel while officers from the school district escorted Duron out of the stadium, according to the station. Duron and Edinburg High School did not immediately respond to a request for comment from NBC News. Duron was the school district’s Defensive Player of the Year last season, and the school team’s kicker, punter and star wrestler, the newspaper reported.
Persons: Emmanuel Duron, Duron Organizations: Edinburg High School, Alamo High School, NBC, Rio Sports, NBC News, Edinburg, Monitor Locations: Texas, Pharr, San Juan, Duron, Edinburg, U.S, Mexico
Boeing again cutting widebody production rate
  + stars: | 2020-12-04 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: 1 min
FILE PHOTO: The company logo for Boeing is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 11, 2019. REUTERS/Brendan McDermidSEATTLE (Reuters) - Boeing Co is reducing its 787 widebody production to five jets monthly in mid-2021 from six, and delivered zero 787s to customers in November, as longer-haul travel demand remains weakened by the coronavirus pandemic, the U.S. planemaker’s Chief Financial Officer said on Friday.
Persons: Brendan McDermid SEATTLE Organizations: Boeing, New York Stock Exchange, REUTERS, Boeing Co, planemaker’s Locations: New York, U.S
Wall St. opens near record highs as grim jobs data fuels stimulus hopes
  + stars: | 2020-12-04 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: 1 min
FILE PHOTO: A man walks outside the New York Stock Exchange (NYSE) in New York, U.S., November 24, 2020. REUTERS/Brendan McDermid(Reuters) - Wall Street’s main indexes opened near all-time highs on Friday as worse-than-expected jobs growth in November spurred bets of a new fiscal stimulus package to help lift the economy from its worst downturn in decades. The Dow Jones Industrial Average rose 20.0 points, or 0.07%, at the open to 29989.56. The S&P 500 rose 4.2 points, or 0.12%, at the open to 3670.94, while the Nasdaq Composite rose 22.1 points, or 0.18%, to 12399.322 at the opening bell.
Persons: Brendan McDermid Organizations: New York Stock Exchange, REUTERS, Dow Jones, Nasdaq Locations: New York, U.S, 12399.322
November US payrolls gain falls short, threatens recovery
  + stars: | 2020-12-04 | by ( Reuters Staff | ) www.reuters.com + 0.00   time to read: +5 min
NEW YORK (Reuters) - The U.S. economy in November added the fewest workers since the jobs recovery started six months ago, hindered by a resurgence in new COVID-19 cases that, together with a lack of more government relief money, threatens to reverse the recovery from the pandemic recession. REUTERS/Brian Snyder/File PhotoNonfarm payrolls increased by 245,000 jobs after rising by 610,000 in October, the Labor Department said on Friday. JAMES MCDONALD, CEO AND CHIEF INVESTMENT OFFICER, HERCULES INVESTMENT, LOS ANGELES“Friday’s report confirms that the recent labor market recovery is decelerating. For now, the job market recovery is over until the winter wave of COVID-19 is behind us. We’re still trending powerfully upward in November, but the risk is that this moderating trend continues in December and January.”
Persons: Brian Snyder, RYAN DETRICK, ” “, , MARVIN LOH, JAMES MCDONALD, ” PETER CARDILLO, It’s, ” MICHAEL ENGLUND Organizations: YORK, Revival International, Centro Internacional de, REUTERS, Labor Department, STATE, BOSTON, Federal Reserve, NEW, ACTION Locations: U.S, Centro Internacional de Avivamiento, Chelsea , Massachusetts, Santa Claus, BOULDER , COLORADO
REUTERS/Brian Snyder/File PhotoNonfarm payrolls increased by 245,000 jobs after rising by 610,000 in October, the Labor Department said on Friday. “The calculation is that the slowing jobs market will spur US lawmakers into agreeing a fiscal stimulus to match the Fed’s monetary support. JAMES MCDONALD, CEO AND CHIEF INVESTMENT OFFICER, HERCULES INVESTMENT, LOS ANGELES“Friday’s report confirms that the recent labor market recovery is decelerating. For now, the job market recovery is over until the winter wave of COVID-19 is behind us. We’re still trending powerfully upward in November, but the risk is that this moderating trend continues in December and January.”
Persons: Brian Snyder, ULAS AKINCILAR, MIKE BELL, GUY LEBAS, JANNEY MONTGOMERY SCOTT, ” RYAN DETRICK, ” “, , MARVIN LOH, JAMES MCDONALD, ” PETER CARDILLO, It’s, ” MICHAEL ENGLUND Organizations: YORK, Revival International, Centro Internacional de, REUTERS, Labor Department, LONDON, NORTH, STATE, BOSTON, Federal Reserve, NEW, ACTION Locations: U.S, Centro Internacional de Avivamiento, Chelsea , Massachusetts, PHILADELPHIA, CHARLOTTE, NORTH CAROLINA, Santa Claus, BOULDER , COLORADO
WASHINGTON (Reuters) - U.S. leaders urgently called on Americans to wear masks and threatened even more drastic stay-at-home orders after deaths from the coronavirus set a single-day record, with two people dying every minute. Fauci said he has accepted Biden’s offer to be his chief medical adviser, as well as keep his current position. Washington University’s Institute for Health Metrics and Evaluation (IHME) now projects 538,893 COVID-19 deaths by April 1, nearly double the current death toll since the pandemic began. State and local authorities across the country have ordered a wide range of limitations on social and economic life. Michigan Governor Gretchen Whitmer said on Thursday she may extend a three-week “pause” on some private and economic activities.
Persons: Brendan McDermid, Joe Biden, Donald Trump, I’m, ” Biden, Dr, Anthony Fauci, we’re, Fauci, NBC’s, , ” Fauci, Biden’s, Carlos Del Rio, Del Rio, Gretchen Whitmer, Mike DeWine, Organizations: WASHINGTON, Bergen Community College, REUTERS, Jan, CNN, U.S . Food, Drug Administration, White, National Institute of Allergy, Washington University’s Institute for Health Metrics, Emory University School of Medicine, California Governor, Ohio Locations: Paramus , New Jersey, U.S, Atlanta, United States, California, California Governor California, State, Michigan
Global debt to hit $200 trillion - S&P Global
  + stars: | 2020-12-04 | by ( Reuters Staff | ) www.reuters.com sentiment -0.92   time to read: +1 min
FILE PHOTO: The S&P Global logo is displayed on its offices in the financial district in New York City, U.S., December 13, 2018. REUTERS/Brendan McDermid/File PhotoLONDON (Reuters) - Global debt is set to reach $200 trillion, or 265% of the world’s annual economic output, by the end of the year, S&P Global has forecast - although it doesn’t expect a crisis any time soon. “Global debt-to-GDP has been trending up for many years; the pandemic simply exacerbated the rise,” S&P’s report said. As long as the world economy gets back on its feet after the pandemic, the global debt-to-GDP ratio should ease back to 256% by 2023, S&P said. “We expect the debt growth of corporates, governments, and household to ease as they tend to after recessions,” it added.
Persons: Brendan McDermid, COVID, , Organizations: REUTERS, Global, Locations: New York City, U.S, corporates
Marshals and a suspected gunman were wounded in a shooting early Friday in New York City, according to three law enforcement sources. Deputies were in the Bronx when they were searching for a suspect believed to be linked to shooting a State Trooper in Massachusetts last month during a traffic stop, the sources said, based on preliminary information. Three U.S. Marshalls were shot by a wanted suspect in the Bronx. The shooting left the suspect critically wounded and multiple U.S. Marshals were hospitalized at Jacobi Medical Center in the Bronx, according to the station.
Persons: Andre Sterling Organizations: U.S, Marshals, State Trooper, Marshalls, Bronx . WNBC, NBC, Jacobi Medical, NBC Boston, Massachusetts General Hospital, Police Locations: New York City, Bronx, Massachusetts, U.S, NBC New York, Hyannis, Cape Cod
The first shipment is expected to cover inoculations of 3.2 million people, nowhere near enough for the 21 million U.S. healthcare workers. That means some states’ health workers will be better protected than others. The approach would initially leave out around 190,000 healthcare workers in Alabama and more than 570,000 in Illinois, according to Kaiser Family Foundation data on healthcare workers by state. “We want to ensure our hospital capacity as much as possible through vaccination for those healthcare workers who are at highest risk for infection,” she said. New York state will receive 170,000 shots initially, enough for roughly 13% of its healthcare workers.
Persons: Yves Herman, Pfizer Inc’s, , Josh Michaud, Kaiser’s, Alan Morgan, Jennifer Dillaha Organizations: YORK, Department of Defense, Pfizer, REUTERS, Pfizer Inc’s COVID, U.S . Food, Drug Administration, of Defense, State, Veterans Health Administration, Moderna Inc, Department of Health, Human Services, Federal, Reuters, U.S . Centers for Disease Control, Prevention, Pentagon, Family, Moderna, BioNTech, CDC, STATES PLAN, National Rural Health Association Locations: Puurs, Belgium, U.S, Alabama, Illinois, California, United, Arkansas’s, Alabama , California, New Mexico, Wisconsin, North Dakota, New York
Futures near record highs as stimulus hopes build
  + stars: | 2020-12-04 | by ( Shriya Ramakrishnan | ) www.reuters.com sentiment -1.00   time to read: +2 min
(Reuters) - U.S. stock index futures held near all-time highs on Friday as growing prospects for further economic stimulus and continued optimism over a COVID-19 vaccine-driven economic recovery lifted sentiment. FILE PHOTO: The Fearless Girl statue is seen as the U.S. flag covers the front facade of the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 9, 2020. Growing confidence that a working COVID-19 vaccine would be administered before the end of the year has revived demand for the hardest-hit airlines and tourism stocks. ET, Dow E-minis were up 120 points, or 0.4%, and S&P 500 E-minis were up 11.25 points, or 0.31%. Drugmaker Pfizer fell 0.8%, extending declines from the previous session when it flagged challenges in supply chain for raw materials used in its COVID-19 vaccine.
Persons: Brendan McDermid, Drugmaker Organizations: Reuters, New York Stock Exchange, REUTERS, U.S, Congress, Republicans, Democrats, Labor, American Airlines, Cruise, Carnival Corp, Dow E, Nasdaq, Drugmaker Pfizer, Oil, Exxon Mobil Corp, Chevron Corp Locations: U.S, New York City , New York
Futures swing after grim jobs report
  + stars: | 2020-12-04 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: 1 min
FILE PHOTO: The Fearless Girl statue is seen as the U.S. flag covers the front facade of the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 9, 2020. REUTERS/Brendan McDermid/File Photo(Reuters) - U.S. stock index futures sharply pared gains on Friday immediately after data showed worse-than-expected jobs growth in November, but rose again on growing bets of a new fiscal stimulus package. Nonfarm payrolls increased by 245,000 jobs last month after rising by 610,000 in October, according to the Labor Department. That was the smallest gain since the jobs recovery started in May. S&P 500 e-minis dropped 9 points right after the Labor Department’s data.
Persons: Brendan McDermid, Dow Organizations: New York Stock Exchange, REUTERS, Labor Department, Labor, Nasdaq Locations: U.S, New York City , New York
Stimulus hopes power S&P 500 to record high
  + stars: | 2020-12-04 | by ( Shriya Ramakrishnan | Medha Singh | ) www.reuters.com + 0.00   time to read: +3 min
(Reuters) - The S&P 500 jumped to an all-time high on Friday as data showing the slowest jobs growth in six months reinforced expectations for a new fiscal stimulus bill to help revive the economy from its worst downturn in decades. REUTERS/Brendan McDermid/File PhotoTen of the 11 major S&P indexes traded higher, with the energy sector leading gains, followed by financials and the materials sector. Analysts said the dismal report could spur policymakers to push harder for a stimulus bill as more than 13 million people were due to lose their government-funded unemployment benefits on Dec. 26 without quick action by Congress. ET, the Dow Jones Industrial Average rose 117.01 points, or 0.38%, to 30,082.62, the S&P 500 gained 15.62 points, or 0.43%, to 3,682.34 and the Nasdaq Composite gained 43.74 points, or 0.35%, to 12,420.92. The S&P 500 posted 19 new 52-week highs and no new lows while the Nasdaq recorded 156 new highs and five new lows.
Persons: Brendan McDermid, financials, nonfarm, , Ryan Detrick Organizations: Reuters, New York Stock Exchange, REUTERS, Oil, Occidental Petroleum Corp, Chevron Corp, Labor, Analysts, Dow Jones, Nasdaq, Republicans, Democrats, United, American Airlines, Cruise, Carnival Corp, NYSE Locations: U.S, New York City , New York, North Carolina, United States
REUTERS/Brendan McDermid/File PhotoAll the 11 S&P 500 sector indexes rose, with value stocks such as energy and financials, which have lagged the broader market this year, leading the gains. The Labor Department’s closely watched report showed nonfarm payrolls increased by 245,000 jobs in November, the smallest gain since the jobs recovery started in May. ET, the Dow Jones Industrial Average rose 158.14 points or 0.53% to 30,127.66, the S&P 500 gained 22.68 points or 0.62% to 3,689.40 and the Nasdaq Composite gained 51.20 points, or 0.41% to 12,428.14. Positive vaccine updates from major drugmakers have eased worries around grim economic data and a surge in infections, setting Wall Street’s main indexes for another week of gains after the benchmark S&P 500 clocked its best November. The S&P 500 posted 39 new 52-week highs and no new lows while the Nasdaq recorded 279 new highs and 13 new lows.
Persons: Brendan McDermid, nonfarm, Nonfarm, , Ryan Detrick Organizations: Reuters, New York Stock Exchange, REUTERS, Occidental Petroleum Corp, Chevron Corp, Labor, Analysts, Dow Jones, Nasdaq, Republicans, Democrats, U.S . Food, Drug, NYSE Locations: U.S, New York City , New York, North Carolina
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