General Motor’s lending arm is drawing up plans to apply for a banking charter, a move that would allow it to accept deposits and expand its auto-finance business, according to people familiar with the matter.
U.S. stocks register gains for the day and week in thinly trade action that took both the S&P 500 and the Nasdaq Composite to record finishes, a day after the market was closed for the Thanksgiving holiday.
The first time the coronavirus blanketed the U.S., tens of millions of jobs vanished and the economy sank into a historic recession. This time around the record spike in coronavirus cases has only destroyed a fraction of the jobs. What comes next?
U.S. financial markets close on Thursday for Thanksgiving and will shutter early on Black Friday, and despite a pandemic and volatility this year in markets, investors may not need to search too hard for reasons to be thankful.
European stocks edged higher early on Friday despite extended COVID-19 restrictions across the continent and concerns over AstraZeneca’s vaccine candidate.