Business

U.S. stock futures rose sharply in early morning trading on Monday, as Treasury yields retreated from their highs from last week, easing concerns about inflation and that higher rates would undermine equity valuations, CNBC reported. […]

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President Joe Biden defended workers’ rights to form unions and warned against intimidation of workers in a video posted on Twitter on Sunday night, as Amazon.com Inc employees in Alabama vote on whether to unionize, […]

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U.S. Treasury Secretary Janet Yellen told G-20 officials that Washington had dropped the Trump administration’s proposal to let some companies opt out of new global digital tax rules, U.S. and European officials said on Friday, […]

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Saudi crown prince and chairman of the Public Investment Fund (PIF), Mohammed bin Salman, announced on Wednesday the launch of the Soudah Development Company (SDC) in the Asir region, Arab News reported. The new entity, […]

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Fewer Americans filed new claims for unemployment benefits last week amid falling COVID-19 infections, but the near-term outlook for the labor market is unclear after winter storms wreaked havoc in the South region in the […]

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Bitcoin’s price roared back Wednesday after a sharp sell-off, climbing above $50,000 again as Square announced it had purchased $170 million worth of the cryptocurrency, CNBC reported. At 4 a.m. ET, the world’s most valuable […]

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Federal Reserve Chair Jerome Powell, pushing back on suggestions that loose monetary policy risked unleashing inflation and financial risks in what may be an emerging economic boom, said the central bank would keep its attention […]

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An aerospace parts maker in California is struggling to procure cold-rolled steel, while an auto and appliance parts manufacturer in Indiana is unable to secure additional supplies of hot-rolled steel from mills, Reuters reported. Both […]

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Optimism about the economic outlook pushed commodity prices to new highs on Tuesday, helping stocks steady as expectations of a dovish testimony by Federal Reserve Chairman Jerome Powell calmed down bond yields, Reuters informed. The […]

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Biden administration officials said that for two weeks starting on Wednesday, the Small Business Administration will only accept applications for forgivable Paycheck Protection Program (PPP) loans from firms with fewer than 20 employees to ensure […]

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World shares sank on Monday as expectations for faster economic growth and inflation battered bonds and boosted commodities, while rising real yields made equity valuations look more stretched in comparison, Reuters reported. MSCI’s All Country […]

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Stocks on Wall Street closed near break-even on Friday as investors sold technology shares that have rallied through the pandemic and rotated into cyclical stocks set to benefit from pent-up demand once the coronavirus pandemic […]

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Treasury Secretary Janet Yellen on Thursday said a large stimulus package is still necessary to get the economy back to full strength, despite momentum suggesting that growth is off to a faster start than anticipated […]

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Ether, the world’s second-largest digital currency, hit a record high on Thursday, driven up by the continuing rally in bitcoin, CNBC informed. The price of ether hit $1,918.52 during morning trade in Asia but has […]

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World stocks were battling to avoid a second day of declines on Thursday as hints of rising inflation led by a one-year high in oil prices and the strongest copper prices in nearly a decade […]

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New York Attorney General Letitia James sued Amazon.com Inc on Tuesday over its handling of worker safety issues around the COVID-19 pandemic at two warehouses, just days after the retailer filed its own lawsuit seeking […]

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Wall Street hedge fund managers, the chief executives of Robinhood and Reddit, and a YouTube streamer known as Roaring Kitty face a grilling on Thursday afternoon from U.S. lawmakers over the Reddit rally in shares […]

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Bitcoin soared above $50,000 on Tuesday to an all-time high, adding steam to a rally fuelled by signs that the world’s biggest cryptocurrency is gaining acceptance among mainstream investors and companies, Reuters reports. Bitcoin hit […]

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President Joe Biden is facing a daunting task – there are just over 10 million Americans currently unemployed, with 4 million of those facing long-term unemployment, CNBC writes. In addition, 4.3 million have left the […]

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Bitcoin stalled just short of the $50,000 mark on Monday and other cryptocurrencies slipped, as investors took profit from a record-breaking rally that is being driven by a worldwide shift in investor and public attitudes […]

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The safe haven dollar started the week pinned near two-week lows on Monday, as optimism about COVID-19 vaccine rollouts and a planned $1.9 trillion U.S. stimulus package drove up riskier currencies and stock markets across […]

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U.S. President Joe Biden’s administration told allies on Friday it was re-engaging with them to help steer the global economy out of its worst slump since the Great Depression, a contrast with the go-it-alone approach […]

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The prospects of a big government spending program could continue to boost the stock market and put upward pressure on interest rates in the week ahead, CNBC reported. Earnings season is beginning to wind down, […]

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Global shares rose for a ninth day running on Thursday, just off record highs, as investors digested recent gains, while bulls were sustained by the promise of more free money after a benign U.S. inflation […]

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U.S. Treasury yields slumped on Thursday morning, after Federal Reserve Chairman Jerome Powell painted a gloomy picture on U.S. employment due to the coronavirus pandemic, CNBC informed. The yield on the benchmark 10-year Treasury note […]

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World shares rose to new all-time highs overnight and European indexes strengthened, with market sentiment generally upbeat on the prospect of fiscal stimulus and vaccine rollouts and ahead of a speech by U.S. Federal Reserve […]

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