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News Highlights: Top Global Markets News of the Day

11/24/2020 | 07:16am EST
U.S. Stock Futures Rise as Election Uncertainty Ebbs 

Signs that President-elect Joe Biden's transition process will get underway ease concerns that the new administration would not get timely access to briefings and key information.

Yellen Will Confront a Cooling Economic Recovery, Uncertain Stimulus Prospects 

President-elect Joe Biden's pick to be Treasury secretary will play a key role pushing for more aid for an economy battered by the coronavirus pandemic and related shutdowns.

Stock-Market Titans Amazon, Google and Facebook Also Lift Commercial Real Estate 

The biggest U.S. tech companies are major tenants and acquirers of office and other space; they have expanded their real-estate footprint by more than a quarter this year.

Bank Applications Get a Coronavirus Boost 

Consumer lender Oportun Financial filed paperwork to start its own bank in California, joining a wave of firms that have applied for banking licenses this year.

Airline Stocks Are No Holiday Deal 

For those able and willing to fly during the winter holiday season, finding cheap airline tickets is easy. Finding cheap airline stocks is another matter.

Current Joins Mobile-Banking Boom With $131 Million Tiger Global-Led Round 

The startup, which offers free mobile banking accounts in the U.S. and is incorporated as Finco Services Inc., raised $131 million in a Series C funding round led by Tiger Global Management LLC, according to Stuart Sopp, Current's founder and chief executive.

Germany's Second Lockdown Takes Toll on Business Mood 

German business sentiment fell for the second consecutive month in November, with the Ifo index edging down to 90.7 points, slightly below forecasts.

German GDP Rebound Revised Up 

Germany's gross domestic product grew 8.5% in the third quarter, an upward revision on the first estimate and better than economists' forecasts.

RBA Expects Uneven Recovery Despite Likely Release of Covid-19 Vaccine 

The Reserve Bank of Australia expects likely release of a Covid-19 vaccine in the coming months to boost confidence and investment, although recovery will be uneven and monetary and fiscal stimulus will need to remain in place for some time.

U.S. Hospitalization Count Continues to Climb 

The U.S. registered a record number of hospitalizations for the 13th straight day. Meanwhile, new U.S. coronavirus cases totaled 142,732 Sunday, but weekend counts are generally lower than midweek ones. It marked a record for a Sunday.

(END) Dow Jones Newswires

11-24-20 0715ET

Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 0.45% 1892.56 Delayed Quote.7.50%
FACEBOOK INC 0.60% 274.5 Delayed Quote.-0.11%
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