Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
U.S. needs ‘make-ready’ infrastructure to promote electric vehicles
By Stephanie Kelly NEW YORK (Reuters) - U.S. utilities need to invest in so-called "make-ready" infrastructure to promote electric vehicle use, which includes wiring parking lots to support vehicle ch...
Mar 04, 2021
GameStop, AMC both spike before paring gains
(Reuters) - Shares in Reddit-darling GameStop climbed to a session high of $147.87 as volume spiked on Thursday afternoon and the video game retailer's stock was last up 4.5% after paring some gains. ...
Mar 04, 2021
Nearly 160 million U.S. households to get virus stimulus checks: White House
WASHINGTON (Reuters) - A total of 158.5 million households would receive direct payments under the Senate version of a $1.9 trillion coronavirus stimulus bill, the White House said on Thursday. White ...
Mar 04, 2021
U.S. Senate begins first step in approving Biden’s $1.9 trillion COVID-19 relief plan
WASHINGTON (Reuters) - The U.S. Senate on Thursday afternoon started voting on whether to begin 20 hours of debate on President Joe Biden's $1.9 trillion COVID-19 relief plan. "The time is now to move...
Mar 04, 2021
Bank of America, Morgan Stanley win dismissal of metals spoofing litigation
By Jonathan Stempel NEW YORK (Reuters) - A federal judge in Manhattan on Thursday dismissed litigation by traders and trading firms accusing Bank of America Corp and Morgan Stanley of manipulating the...
Mar 04, 2021
U.S. debt burden to reach 202% of GDP in 2051, CBO projects
WASHINGTON (Reuters) - The U.S. federal debt burden will double over the next 30 years, reaching 202% of economic output in 2051, as deficits grow and interest rates eventually rise, the Congressional...
Mar 04, 2021
EU to propose revision of its fiscal rules in H2 2021
By Jan Strupczewski BRUSSELS (Reuters) - The European Commission will propose towards the end of the year how to simplify the European Union's complex budget rules, cut accumulated debt and boost inve...
Mar 04, 2021
Square to pay $297 million for majority stake in rapper Jay Z’s Tidal
(Reuters) - Payments firm Square Inc on Thursday agreed to buy a majority ownership stake in Tidal, a music streaming service owned by rapper Jay Z, for $297 million in cash and stock. Square, co-foun...
Mar 04, 2021
Cost of borrowing U.S. Treasuries in repo market goes negative, indicating stress: analysts
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - The cost of borrowing U.S. Treasuries in the overnight repurchase agreement, or repo market, went negative on Thursday, analysts said, caused by the re...
Mar 04, 2021
White House: pause on U.S.-UK tariffs meant to create negotiating space
WASHINGTON (Reuters) - The decisions by Britain and the United States to suspend retaliatory tariffs will create space for negotiations on an ongoing large civilian aircraft dispute, White House Press...
Mar 04, 2021
