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China sets growth target 'over 6%,' tightening HK control


Created: Fri, 05 Mar 2021 00:56:34 -0500

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China’s No. 2 leader has set a healthy economic growth target and vowed to make this nation self-reliant in technology amid tension with Washington and Europe over trade and human rights

Read more: China sets growth target 'over 6%,' tightening HK control


By slimmest of margins, Senate takes up $1.9T relief bill


Created: Fri, 05 Mar 2021 00:41:26 -0500

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The Senate has voted by the slimmest of margins to begin debating a $1.9 trillion COVID-19 relief bill

Read more: By slimmest of margins, Senate takes up $1.9T relief bill


US job growth likely rose in February in rebound from slump


Created: Fri, 05 Mar 2021 00:25:46 -0500

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U.S. employers likely stepped up their hiring in February as confirmed viral cases declined, consumers spent big chunks of their government aid checks and the economy appeared to be sustaining a tentative recovery

Read more: US job growth likely rose in February in rebound from slump


Yemen rebels claim Saudi oil facility hit; no damage seen


Created: Thu, 04 Mar 2021 23:30:23 -0500

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Yemen’s Houthi rebels say they attacked a Saudi oil facility in the port city of Jiddah amid their campaign of drone and missile attacks on the kingdom

Read more: Yemen rebels claim Saudi oil facility hit; no damage seen


Shares slip in Asia after bond yield spike hits Wall St


Created: Thu, 04 Mar 2021 23:15:30 -0500

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Asian shares have declined after a surge in the 10-year Treasury renewed pressure on high-flying technology companies

Read more: Shares slip in Asia after bond yield spike hits Wall St


SmileDirectClub: Q4 Earnings Snapshot


Created: Thu, 04 Mar 2021 19:58:50 -0500

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SmileDirectClub: Q4 Earnings Snapshot

Read more: SmileDirectClub: Q4 Earnings Snapshot


Costco 4Q profits rise, helped by pandemic shopping habits


Created: Thu, 04 Mar 2021 18:26:22 -0500

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Warehouse retail chain Costco Wholesale says its fourth-quarter earnings rose slightly from a year ago, its profits weighed by wage premiums paid to employees during the pandemic

Read more: Costco 4Q profits rise, helped by pandemic shopping habits


EXPLAINER: Why rising rates are unsettling Wall Street


Created: Thu, 04 Mar 2021 17:14:15 -0500

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Rising expectations for the economy and inflation have caused U.S. Treasury yields to spurt higher, with the jump unsettling stock markets

Read more: EXPLAINER: Why rising rates are unsettling Wall Street


How major US stock indexes fared Thursday


Created: Thu, 04 Mar 2021 16:27:33 -0500

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Stocks turned lower on Wall Street as bond yields made another upward spike, renewing pressure on high-flying technology companies

Read more: How major US stock indexes fared Thursday


Powell: Higher inflation temporary, no rate hikes in sight


Created: Thu, 04 Mar 2021 16:25:00 -0500

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Federal Reserve Chair Jerome Powell says inflation will likely pick up in the coming months but the increase will be temporary, and won’t be enough for the Fed to alter its low-interest rate policies

Read more: Powell: Higher inflation temporary, no rate hikes in sight


Marvell Technology, Okta fall; Burlington, Colfax rise


Created: Thu, 04 Mar 2021 16:16:59 -0500

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Stocks that traded heavily or had substantial price changes Thursday: Marvell Technology, Okta fall; Burlington, Colfax rise

Read more: Marvell Technology, Okta fall; Burlington, Colfax rise


Closing prices for crude oil, gold and other commodities


Created: Thu, 04 Mar 2021 15:52:27 -0500

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Closing prices for crude oil, gold and other commodities, and foreign exchange levels

Read more: Closing prices for crude oil, gold and other commodities


US jobless claims tick up to 745,000 as layoffs remain high


Created: Thu, 04 Mar 2021 14:25:46 -0500

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The number of Americans applying for unemployment benefits edged higher last week to 745,000, a sign that many employers continue to cut jobs despite a drop in confirmed viral infections and evidence that the overall economy is improving

Read more: US jobless claims tick up to 745,000 as layoffs remain high


OPEC, Russia send oil price up with deal to contain output


Created: Thu, 04 Mar 2021 14:12:00 -0500

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Members of oil producer cartel OPEC and allied countries have agreed to leave most of their existing oil production cuts in place

Read more: OPEC, Russia send oil price up with deal to contain output


AP Interview: DOE reviving loan program, Granholm says


Created: Thu, 04 Mar 2021 12:33:48 -0500

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The Biden administration is reviving an Energy Department program that disbursed billions of dollars in loan guarantees to companies such as electric car maker Tesla and the failed solar company Solyndra

Read more: AP Interview: DOE reviving loan program, Granholm says


German panel OKs AstraZeneca vaccine jab for over 65s


Created: Thu, 04 Mar 2021 12:07:16 -0500

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Germany’s health minister says the country’s independent vaccine committee has formally approved giving the AstraZeneca shot to people aged 65 and over

Read more: German panel OKs AstraZeneca vaccine jab for over 65s


EU, Italy stop AstraZeneca vaccine exports to Australia


Created: Thu, 04 Mar 2021 12:05:16 -0500

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A shipment of a quarter million AstraZeneca vaccines destined for Australia has been barred from leaving the European Union in the first use of an export control system instituted by the bloc over a month ago

Read more: EU, Italy stop AstraZeneca vaccine exports to Australia


Famed Madrid flamenco venue closes amid virus restrictions


Created: Thu, 04 Mar 2021 11:00:39 -0500

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Artists at one of Madrid’s best-known flamenco bars have put on a final outdoor show marking its closure after 140 years due to COVID-19 pandemic restrictions that have shuttered entertainment venues

Read more: Famed Madrid flamenco venue closes amid virus restrictions


Productivity down 4.2%, largest decline in nearly 40 years


Created: Thu, 04 Mar 2021 10:17:30 -0500

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U.S. productivity fell at an annual rate of 4.2% in the fourth quarter, the largest quarterly decline in nearly four decades

Read more: Productivity down 4.2%, largest decline in nearly 40 years


US suspends tariffs on UK goods to resolve aircraft dispute


Created: Thu, 04 Mar 2021 10:16:14 -0500

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The U.S. has agreed to suspend millions of dollars’ worth of tariffs on U.K. exports including Scotch whisky as part of an effort to resolve a long-running trans-Atlantic trade dispute over aerospace subsidies

Read more: US suspends tariffs on UK goods to resolve aircraft dispute


The Latest: Hungary closes businesses as cases, deaths rise


Created: Thu, 04 Mar 2021 10:14:01 -0500

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Authorities in Hungary are tightening pandemic restrictions after a rapid rise in coronavirus deaths and hospitalizations

Read more: The Latest: Hungary closes businesses as cases, deaths rise


US traffic deaths spike even as pandemic cuts miles traveled


Created: Thu, 04 Mar 2021 09:30:30 -0500

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Pandemic lockdowns and stay-at-home orders kept many drivers off U.S. roads and highways last year

Read more: US traffic deaths spike even as pandemic cuts miles traveled


Square, Inc. to buy majority of Tidal and put Jay-Z on board


Created: Thu, 04 Mar 2021 09:11:14 -0500

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Financial technology company Square, Inc. says it has reached an agreement to acquire majority ownership of Tidal, the music streaming service partly owned by Jay-Z

Read more: Square, Inc. to buy majority of Tidal and put Jay-Z on board


For the first time since COVID, profits are rising again


Created: Thu, 04 Mar 2021 09:10:29 -0500

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Corporate profits' freefall because of the pandemic is over, at least for now

Read more: For the first time since COVID, profits are rising again


Will Paramount+ be a mountain or a molehill in streaming?


Created: Thu, 04 Mar 2021 09:00:32 -0500

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Paramount+ debuts Thursday as the latest — and last — streaming option from a major media company, this time from ViacomCBS

Read more: Will Paramount+ be a mountain or a molehill in streaming?

 
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