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News Highlights: Top Global Markets News of the Day

11/24/2020 | 09:16am
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.

 
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.

 
When the Coronavirus Pandemic Settles Down, so Will Homeowners 
 

America's housing market has been radically changed by the Covid-19 crisis, and some of those changes will persist. But the first thing to come after the crisis passes will be the hangover.

 
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.

 
U.S. Covid-19 Hospitalizations Pass 85,000 
 

The U.S. recorded 169,190 new coronavirus cases on Monday, and the number of patients hospitalized reached a new high for the 14th straight day.

 
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.

 
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.

 
U.K. Tax-Refund Repeal Is a New Headache for Retail Property Owners 
 

The U.K. risks losing its status as a premier shopping destination after a popular tourist tax break expires, posing a new threat to retail property owners already whipsawed by the pandemic and Brexit.

 
York Capital Management to Largely Wind Down Hedge-Fund Operations 
 

Billionaire hedge-fund manager Jamie Dinan plans to shut down York's European hedge funds and to turn its flagship U.S. hedge fund into one running mainly internal money.

(END) Dow Jones Newswires

11-24-20 0915ET

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