Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Wall St. set to open higher as focus turns to stimulus, corporate earnings
By Devik Jain and Shreyashi Sanyal (Reuters) - Wall Street's main indexes were set to open higher on Thursday as investors looked to corporate earnings and signs of progress on a pandemic-relief packa...
Feb 04, 2021
U.S. productivity posts biggest drop since 1981 in fourth quarter
WASHINGTON (Reuters) - U.S. worker productivity fell at its steepest pace since 1981 in the fourth quarter, but the trend remains solid as the COVID-19 pandemic weighs heavily on the less productive i...
Feb 04, 2021
Short-seller Hindenburg takes aim at Palihapitiya-backed Clover Health
(Reuters) - Well-known short-selling specialist Hindenburg Research published a critical report on Thursday on Chamath Palihapitiya-backed insurance firm Clover Health, sending the company's shares do...
Feb 04, 2021
Yellen says wants to “understand deeply” GameStop frenzy before taking action
By David Lawder WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen said on Thursday that before she and financial market regulators took any action, they needed to "understand deeply" what ha...
Feb 04, 2021
U.S. weekly jobless claims fall more than expected
WASHINGTON (Reuters) - The number of Americans filing new applications for unemployment benefits decreased last week, suggesting that the labor market was stabilizing as authorities started to loosen ...
Feb 04, 2021
Hit by shortage, Volkswagen demands boost to Europe chip sector
By Jan Schwartz and Christoph Steitz FRANKFURT (Reuters) - Europe needs to stump up cash to boost its chip industry, a board member of the continent's largest carmaker Volkswagen said, pointing to a g...
Feb 04, 2021
German watchdog orders Goldman Sachs to prevent money laundering, terrorist financing
FRANKFURT (Reuters) - Germany's financial watchdog Bafin has ordered Goldman Sachs to prevent money laundering and terrorist financing, it said on Thursday. Bafin said it had asked Goldman Sachs to co...
Feb 04, 2021
Bank of England says banks need 6 months for any sub-zero rates
By Andy Bruce, David Milliken and William Schomberg LONDON (Reuters) - Britain's banks need at least six months to prepare for any cut in interest rates below zero, the Bank of England said as it kept...
Feb 04, 2021
U.S. drugmaker Merck’s Kenneth Frazier to step down as CEO
(Reuters) - Merck & Co said on Thursday Kenneth Frazier, one of only a handful of Black CEOs leading major U.S. companies, would step down as chief executive officer at the end of June to be replaced ...
Feb 04, 2021
Bank of England keeps rates and bond-buying programme unchanged
LONDON (Reuters) - The Bank of England kept its stimulus programme unchanged on Thursday. The BoE maintained its Bank Rate at 0.1% and left the size of its total asset purchase programme at 895 billio...
Feb 04, 2021
