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Schumer Asks Biden to Push for More Than $1.3 Trillion Stimulus By Bloomberg

(Bloomberg) -- Incoming Senate Majority Leader Chuck Schumer has pressed President-elect Joe Biden to propose more than $1.3 trillion in spending for his initial round of Covid-19 relief, according to a person familiar with the matter. The two have discussed Biden’s plans ahead of the president-elect’s announcement on Thursday about his economic-rebuilding proposals, the...

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StanChart investment banking head emerges as top contender for CEO – FT By Reuters

(Reuters) - Standard Chartered (LON:STAN) Plc's investment banking head Simon Cooper has emerged as the internal contender to replace Chief Executive Officer Bill Winters, the Financial Times reported on Wednesday, citing people familiar with the matter. Cooper is now the "heir apparent" after the outperformance of his advisory and trading unit last year during the COVID-19 pandemic, the report...

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Canada shares lower at close of trade; S&P/TSX Composite down 0.10% By Investing.com

Investing.com – Canada equities were lower at the close on Wednesday, as losses in the Consumer Staples, Materials and Energy sectors propelled shares lower. At the close in Toronto, the S&P/TSX Composite declined 0.10%. The biggest gainers of the session on the S&P/TSX Composite were Cronos Group Inc (TSX:CRON), which rose 9.59% or 1.19 points to trade at 13.60 at the...

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Google to pause all political ads from January 14 By Reuters

By Elizabeth Culliford (Reuters) - Alphabet (NASDAQ:GOOGL) Inc's Google will pause political ads on all of its platforms starting Jan. 14, following last week's violence at the U.S. Capitol, according to an email to advertisers seen by Reuters. The email said the action was taken "following the unprecedented events of the past week and ahead of the upcoming presidential inauguration." It...

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Exclusive: Facebook tracking a rise in violent rhetoric tied to U.S. presidential inauguration By Reuters

By Katie Paul PALO ALTO (Reuters) - Facebook Inc (NASDAQ:FB) has seen an increase in signals indicating potential future acts of violence associated with efforts to contest the result of the U.S. presidential election since the Capitol siege last week, a company spokeswoman told Reuters. The spokeswoman, who asked not...

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Signal to ramp up hiring after WhatsApp controversy drives download surge By Reuters

By Munsif Vengattil and Eva Mathews (Reuters) - Messaging app Signal has seen "unprecedented" growth following a controversial change in rival WhatsApp's privacy terms and is looking to hire more staff as it seeks to bolster the service and supporting infrastructure, the head of its controlling foundation said on Wednesday. Along with another...

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Chewy Jumps as We Sprinkle Our Pets With Love By Investing.com

By Christiana Sciaudone Investing.com --  Chewy (NYSE:CHWY)'s up 7% as we thank our mutts for their unconditional love. Credit Suisse (SIX:CSGN) bumped its price target on the online pet supplier to $121 from $104 after hosting investor meetings with the chief executive and financial officers. The firm maintained a buy-equivalent rating on the stock. Management emphasized accelerated shifts toward...

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Twitter Doesn’t Need Trump to Thrive: Oppenheimer By Investing.com

By Christiana Sciaudone Investing.com -- Twitter doesn't need Donald Trump.  That's per Oppenheimer analyst Jason Helfstein, who raised the price target on Twitter Inc (NYSE:TWTR) to $58 from $55 while maintaining a buy-equivalent rating, according to StreetInsider. "We are not concerned with usage impact of blocking President Trump," Helfstein wrote in a note.  Shares are up about 2%, at...

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