Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
U.S. economic growth to hit 4.6% in 2021, slow by end of decade, CBO says
(Reuters) - U.S. economic growth will rebound to 4.6% in 2021 from a contraction of 3.5% in 2020, powered by a resumption of business activity and coronavirus rescue spending, but growth will taper of...
Feb 01, 2021
GameStop short-squeeze losses at $12.5 billion YTD – Ortex data
LONDON (Reuters) - Shorting shares in GameStop, the video game retailer at the centre of the ongoing retail trading frenzy, cost hedge funds a total $12.5 billion over January, data from financial ana...
Feb 01, 2021
Wall Street analysts say Chevron merger talks a sideshow before Exxon loss
By Shariq Khan (Reuters) - Wall Street analysts on Monday gave little credence to the possibility of an Exxon-Chevron mega merger, as news of talks last year between the two largest U.S. oil companies...
Feb 01, 2021
Analysis: Reddit is coming for silver. A short squeeze? Unlikely
By Peter Hobson and Swati Verma LONDON (Reuters) - Silver prices have rocketed to their highest since 2013 as retail investors, egged on by messages on Reddit, pile into the market in an attempt to pu...
Feb 01, 2021
U.S. construction spending hits record high in December
WASHINGTON (Reuters) - U.S. construction spending raced to a record high in December as historically low mortgage rates powered outlays on private projects. The Commerce Department said on Monday that...
Feb 01, 2021
Europe’s ‘long the short’ trade cools down
By Danilo Masoni MILAN (Reuters) - European shares caught up in last week's squeeze on hedge funds' short positions have mostly fallen back from their highs, in a sign local retail investors lack the ...
Feb 01, 2021
U.S. manufacturing sector slows; prices paid by factories highest since 2011 – ISM
WASHINGTON (Reuters) - U.S. manufacturing activity slowed slightly in January, while a measure of prices paid by factories for raw materials and other inputs jumped to its highest level in nearly 10 y...
Feb 01, 2021
Facebook to prompt users about personalized ads ahead of Apple privacy changes
By Sheila Dang (Reuters) - Facebook Inc said in a blog post Monday it will begin rolling out a notification for iPhone users globally about how data is used for personalized ads, in an attempt to get ...
Feb 01, 2021
Insurer AIG pays $12 million fine in NY pension transfer probe
By Suzanne Barlyn (Reuters) - American International Group inc agreed on Monday to pay a $12 million civil fine to settle charges that it conducted life insurance business in New York without a licens...
Feb 01, 2021
Exclusive-Mexican tax authorities to seek over $500 million from Canada’s First Majestic
By Daina Beth Solomon MEXICO CITY (Reuters) - Mexico's government plans to seek more than $500 million from Canadian miner First Majestic Silver Corp in what it says are owed taxes for artificially ke...
Feb 01, 2021
