Business

More than 1 million Americans a day packed airports and planes over the weekend even as coronavirus deaths surged across the U.S. and public health experts begged people to stay home and avoid big Thanksgiving gatherings.

The National Retail Federation, the nation's largest retail trade group, expects that holiday sales could actually exceed growth seen in prior seasons, despite all the uncertainty surrounding the pandemic.

A blankcheck company backed by private equity firm Apollo Global Management Inc is looking to raise $250 million in a U.S. initial public offering, the company said on Monday.

JPMorgan has earned record revenue of around $1 billion so far this year from trading, storing and financing precious metals, vastly outperforming rival banks, two sources familiar with the matter told Reuters.

Britain, which left the European Union in January, loses full access to the bloc under transition arrangements that end at 2300 GMT on Dec. 31.

Australia's corporate regulator is investigating an outage at the country's stock exchange last week that hit trading systems and nearly wiped out an entire session, bourse operator ASX Ltd said on Monday.

Promising news about a coronavirus vaccine has small business owners feeling more upbeat despite cases of the virus surging in many parts of the U.S.

Malaysia Airlines' parent company has sought financial aid from its sole shareholder, the nation's sovereign wealth fund, as debt restructuring talks with creditors drag on, the company said on Saturday.

Airlines will need $7080 billion euros in aid to survive the coronavirus crisis, or another half again of the amount already received from governments, their global industry body warned.

Gold was headed for a second weekly decline on Friday on growing optimism about COVID19 vaccines, with the U.S. Treasury's call to end emergency loan programmes also limiting bullion's safehaven appeal.

In its intervention application filed on November 18, Sebi said the contemnors have not been complying with the orders passed by this Court despite the long rope provided to them and their liability is increasing daily.

Similarly, the broader NSE Nifty rose 78.45 points or 0.61 per cent to 12,850.15. Bajaj Finserv was the top gainer in the Sensex pack, advancing over 2 per cent, followed by Tata Steel, Titan, Bajaj Finance, HDFC twins and Kotak Bank.

U.S. stocks ended in positive territory on Thursday as fresh stimulus hopes buoyed investor sentiment toward the end of a session fraught with worries over mounting shutdowns and layoffs linked to spiraling COVID19 infection rates.

The U.S. government's road safety agency is asking for public comment on how it should regulate safe deployment of selfdriving vehicles.

The S&P 500 and the Nasdaq advanced on Thursday but the Dow lost ground as mounting shutdowns and layoffs linked to spiraling COVID19 infection rates turned investors toward marketleading growth stocks that have shown resiliency to the pandemic.

Business events and economic reports scheduled for the coming week.