Wall Street finishes up as stimulus talks continue

(Reuters) – U.S. stocks rose on Friday and the S&P 500 and Nasdaq registered their biggest weekly percentage gains since July as optimism over more federal fiscal aid grew.

FILE PHOTO: Traders wear masks as they work on the floor of the New York Stock Exchange as the outbreak of the coronavirus disease (COVID-19) continues in the Manhattan borough of New York, U.S., May 28, 2020. REUTERS/Lucas Jackson

Talks were expected to continue on a COVID-19 stimulus package, even though U.S. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin failed on Friday to reach agreement.

Mnuchin floated a new proposal Friday afternoon, but an aide for Pelosi said it lacked a broad plan to contain the pandemic.

Recent trading on Wall Street has been dictated by headlines on fiscal aid, with the three main indexes tumbling on Tuesday after U.S. President Donald Trump called off negotiations. He has since

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Asia Business Leaders Show Signs Of Optimism, But Expect Layoffs To Continue

Chinese astrology has it that 2020 is a “metal rat” year, and is associated with turbulence. Covid-19 has certainly provided a quantum of it. With a steep market dive in the first quarter, and sharp worldwide economic contraction, Asian business has had a rough ride. As star signs go, 2020 has so far lived up to its ratty astrological reputation.

The results of a survey conducted from August to September of Hong Kong-based Asia Business Council’s members, who are the chairmen and CEOs of some of Asia’s leading multi-national companies, collectively valued at nearly $3 trillion, and with some 3 million employees, offer insights against the turbulent backdrop of a year dominated by Covid-19. With a response rate of 83% (58 out of 70 members), the

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Microsoft cloud services outages continue into week two

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Microsoft Azure status page on Oct. 7 around 3:30 p.m. ET

Last week, a major Azure Active Directory authentication issue affected users worldwide. A follow-up Exchange/Outlook issue later in the week affected European and Indian Office 365/Microsoft 365 customers. This week, Microsoft’s cloud services issues are continuing, affecting a number of Exchange, Outlook, Teams and SharePoint users.

Microsoft was still warning some Office 365/Microsoft 365 customers as this week kicked off of some possible residual Exchange/Outlook issues, including problems accessing the admin center and syncing issues between Outlook mobile and desktop. I asked Microsoft if these issues were related to last week’s Azure Active Directory authentication problems, but was told the company had no comment. (I am hearing the issues were likely not interrelated, for what it’s worth.)

On October 7, users, primarily in the U.S., began reporting in the afternoon ET they were having issues accessing their admin center

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