Traders work on the floor of the New York Stock Exchange (NYSE) in New York, January 12, 2022. Brendan McDermid | Reuters U.S. stock futures were little changed Monday night as traders braced for the ...
Tag: business news
Chamath Palihapitiya says ‘nobody cares’ about Uyghur genocide in China
Venture capitalist Chamath Palihapitiya. Mark Kauzlarich/Bloomberg via Getty Images WASHINGTON – Billionaire investor Chamath Palihapitiya triggered a backlash on social media after saying during a re...
Omicron wave shows early signs of easing in states hit early
A woman is getting a Covid-19 test at a drive through Covid-19 testing center as hundreds of cars and pedestrians line up to get Covid-19 test before Christmas holiday season in North Bergen of New Je...
It’s an ‘open question’ whether omicron spells Covid endgame
Dr. Anthony Fauci, White House Chief Medical Advisor and Director of the NIAID, responds to questions from Sen. Rand Paul (R-KY) at a Senate Health, Education, Labor, and Pensions Committee hearing on...
The top spots to shop for the winter vacation home of your dreams
A home in Breckenridge, Colorado. Michael Robinson | Corbis Documentary | Getty Images Ever since the Covid pandemic began almost two years ago, weary Americans hankering for a fun, but still safe, ge...
Ford signs five-year payments deal with Stripe for e-commerce drive
A Ford F-150 pickup truck is offered for sale at a dealership on September 6, 2018 in Chicago, Illinois. Scott Olson | Getty Images Online payment processor Stripe has signed up Ford Motor Company as ...
Credit Suisse needs to salvage reputation after chairman quits: Analysts
The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. Arnd Wiegmann | Reuters LONDON — Credit Suisse Chairman Antonio Horta-Osorio resigned on Sunday ...
Amazon halts plan to stop accepting Visa credit cards in the UK
An Amazon warehouse in Warrington, England. Nathan Stirk | Getty Images LONDON — Amazon has scrapped plans to stop accepting Visa credit cards in the U.K. The e-commerce giant was expected to prevent ...
Chinese yuan under pressure from medium-term loans cut: Strategist
Banknotes of Renminbi arranged for photography on July 3 2018 in Hong Kong. S3studio | Getty Images News | Getty Images China’s central bank unexpectedly cut loan rates on Monday — a move that w...
Oxfam on Covid inequality, tax rich to pay for vaccines, protect climate
A pedestrian wearing a face mask delivers food to a homeless person sleeping in the entrance of a shop, closed due to coronavirus restrictions, in central London on December 23, 2020. Tolga Akmen | AF...
Thailand’s Baiya Phytopharm working on plant-based Covid vaccine
Thailand’s Baiya Phytopharm wants to develop the country’s first plant-based Covid vaccine. The start-up, founded by Dr. Suthira Taychakhoonavudh and Dr. Waranyoo Phoolcharoen in 2018, has...
GDP for December and full year 2021
Volunteers wearing personal protective equipment (PPE) arrange food deliveries on Nov. 26, 2021, for a Shanghai residential area that’s under restrictions to halt the spread of Covid-19. Yin Liq...
China’s zero-Covid policy prolongs supply chain disruptions
Supply chain disruptions are being prolonged driven largely by China’s strict zero-Covid policy, according to an economist from Moody’s Analytics. The bottlenecks have lasted for about a y...
Peloton is about to tack on hundreds of dollars in fees to its Bike and treadmill, citing inflation
Peloton Interactive Inc. stationary bicycles sit on display at the company’s showroom on Madison Avenue in New York, U.S., on Wednesday, Dec. 18, 2019. Jeenah Moon | Bloomberg | Getty Images Pel...
Robo-advisors are gaining popularity. Can they replace a human advisor?
Robots want to be your next financial advisor. Not too long ago, that notion may have smacked of sci-fi whimsy — “Star Wars” cyborg C-3PO in a power suit on Wall Street, perhaps. But robot...
The Fed is about to see a lot of new faces. What it means for banks, the economy and markets
Sarah Bloom Raskin Andrew Harrer | Bloomberg | Getty Images In what likely will be just a few months’ time, the Federal Reserve will look a lot different: Three new governors, a new vice chairma...
How the U.S. fell way behind in lithium, ‘white gold’ for EVs
The United States has a lithium supply problem. Nearly every major automaker has announced a transition to electric vehicles, Tesla delivered almost one million cars in 2021, and a handful of new elec...
Jamie Dimon says CEOs `shouldn’t be crybabies about it’
Jamie Dimon, chief executive officer of JPMorgan Chase & Co. Giulia Marchi | Bloomberg | Getty Images Banks have been one of the main beneficiaries of high inflation recently because their profit ...
A new labor battle opens on Broadway as omicron closes shows
A sign indicating canceled performances of “Mrs. Doubtfire” due to Covid is displayed in the window of the Stephen Sondheim Theatre on December 16, 2021 in New York City. Dia Dipasupil | G...
Labor Department vows to protect workers from Covid after mandate blocked
US Secretary of Labor Marty Walsh speaks about Labor Unions during an event in the East Room of the White House September 8, 2021, in Washington, DC. Brendan Smialowski | AFP | Getty Images The Labor ...
How U.S. economic sanctions work
Economic sanctions remain one of the most powerful tools the United States has in its foreign policy arsenal. And as Russian forces continue to amass along the border with Ukraine, officials in the U....
New York Covid numbers are finally trending down, Gov. Hochul says
Governor Kathy Hochul holds a COVID-19 briefing at New York City governor’s office on 633 3rd Avenue. Lev Radin | LightRocket | Getty Images New York is finally starting to turn the corner on th...
Thieves find new source for stolen goods: Delivery trucks and trains
Images from video show emptied boxes along rail tracks in Los Angeles after thieves broke into Union Pacific cargo trains. Source: NBC4 | Los Angeles Instead of shoplifting from stores, some thieves a...
Retail industry presses ahead with conference, tries to nudge normalcy
Visitors enter the venue at The NRF 2020 Vision: Retail’s Big Show, held in New York, the United States, Jan. 12, 2020. Wang Ying | Xinhua News Agency | Getty Images “The Big Show will go ...
GE suspends Covid vaccine and testing rules after Supreme Court blocks Biden mandate
An employee helps install a traction motor onto the truck of a General Electric Evolution Series Tier 4 diesel locomotive at the GE Manufacturing Solutions facility in Fort Worth, Texas. Luke Sharrett...
Biden administration threatens to claw back Covid funds from Arizona over school anti-mask policies
U.S. first lady Jill Biden speaks with people during a tour of a COVID-19 vaccination site at Isaac Middle School in Phoenix, Arizona, June 30, 2021. Carolyn Kaster | Pool | Reuters The Biden administ...
JPMorgan, Wynn Resorts and more
Spencer Platt | Getty Images Check out the companies making headlines in midday trading. Casino stocks — Las Vegas Sands and Wynn Resorts saw their shares jump more than 11% and 7%, respectively, afte...
One of world’s biggest offshore wind farms gears up for full operation
One of the turbines at the Triton Knoll offshore wind farm, which is located in waters off England’s east coast. Ian Greenwood Turbine commissioning at one of the world’s biggest offshore ...
United brings back airport vaccines for employee boosters as omicron spreads
United Airlines ramp services worker John Dalessandro receives a COVID-19 vaccine at United’s onsite clinic at O’Hare International Airport on March 09, 2021 in Chicago, Illinois. Scott Ol...