Dow Jones Industrial Average Crosses 30000 for First Time

The latest rise for the blue-chip index was powered by investors' bets that scientists are on the brink of pushing through a coronavirus vaccine effective enough to help the economy build on a fragile recovery. 


 
Glitches Hit Trading Platforms Run By Bank of America, TD Ameritrade, Vanguard

The popular platforms suffered glitches that rendered them inaccessible or slow to use, frustrating investors on a landmark day for the U.S. stock market. 


 
JPMorgan Chase Unit to Pay $250 Million Penalty Over Poor Internal Controls

A top banking regulator fined a JPMorgan Chase unit $250 million over deficiencies in internal controls and internal audit practices. 


 
Credit Suisse Takes $450 Million Hit on Stake in U.S. Hedge-Fund Firm

Credit Suisse is taking a near half-billion-dollar charge on a stake in a hedge-fund business it bought during Wall Street's frenzy for alternative investments a decade ago. 


 
Federal Reserve Can Restart Emergency Lending If Needed, New York Fed's Williams Says

The Fed is well prepared to navigate the U.S. economy's challenging path to recover from the effects of the coronavirus pandemic and can resume emergency lending if it deems it necessary, Federal Reserve Bank of New York President John Williams said Tuesday. 


 
Vaccine Hopes Send Record Funds to Emerging Markets

The amount of money flowing into emerging-market funds last week hit an all-time high, as advances in vaccine development and a weaker dollar boosted investors' risk appetite. 


 
Germany's DAX Index Changes Rules After Wirecard Collapse

Germany's leading stock index expanded its size and changed rules to boost the quality of its constituent companies, a move sparked in part by the collapse of payment company Wirecard caused by a multibillion-dollar fraud. 


 
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. 


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

The startup, which offers free mobile-banking accounts, raised $131 million in a Series C funding round led by Tiger Global Management. 


 
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.

(END) Dow Jones Newswires

11-25-20 0015ET