Thursday, 17 Dec 2020 06:57 AM MYT
Gains in tech stocks, many of which have benefited from changes in consumer habits because of the pandemic, pushed the Nasdaq to a record high December 16, 2020. Reuters pic
Subscribe to our Telegram channel for the latest updates on news you need to know.
NEW YORK, Dec 17 Wall Street rose yesterday, with the Nasdaq closing at a record high as investors awaited a potential fiscal economic stimulus package and after the Federal Reserve repeated a pledge to keep its benchmark interest rate near zero.
Stocks traded in positive territory after the Fed promised to keep funnelling cash into financial markets to fight the recession, even as policymakers outlook for next year improved following initial rollout of a coronavirus vaccine.
Nasdaq Ends at Record High as Investors Await Stimulus 1490wosh.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 1490wosh.com Daily Mail and Mail on Sunday newspapers.
ASX up 1.2pc; Rio Tintoâs new CEO; Afterpay hits record
Save
Share
Rio Tinto names Jakob Stausholm as CEO
Sarah Turner
Mr Stausholm joined Rio Tinto as an executive director and chief financial officer in 2018.
Prior to joining Rio Tinto, he was group chief financial officer of AP MoellerâMaersk.
Before that, he was chief financial officer of the global facility services provider ISS.
He spent two decades with Royal Dutch Shell in numerous financial positions globally and as Chief Internal Auditor for the group.
Mr Stausholmâs remuneration package will comprise the following elements:
⢠A base salary of £1,150,000 ($2.1 million).
Nasdaq ends at record high as investors await stimulus - Netscape Money & Business netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.