Business

Treasury Secretary Janet Yellen said Thursday that recent signs of improvement in the U.S. economy are no reason to scale back the administration's $1.9 trillion relief plan because the economy remains in a deep hole" with many people still hurting.

The Nasdaq closed lower while the S&P 500 was little changed on Wednesday as investors rotated out of technology shares and concerns about inflation added some pressure on stocks.

Wall Street joined a global march propelling stock indexes to record highs on Tuesday, with investors selling government bonds in a bet that COVID19 vaccinations and U.S. stimulus will deliver a durable economic recovery after a year of lockdowns.

Singapore will set aside a further S$11 billion ($8.31 billion)in a COVID19 support package this year, its finance minister said on Tuesday, extending last year's unprecedented fiscal response to the pandemic.

The Bank of Italy said on Monday a set of experimental indicators it created from the content of millions of tweets accurately tracked consumer mood on price, offering scope for a powerful new monetary policy tool.

Billionaire Elon Musk said on Sunday that he supports major holders of the memebased digital currency dogecoin selling most of their coins, adding that he felt too much concentration in dogecoin was the "real issue".

The YouTube streamer known as Roaring Kitty, who helped drive a surge of interest in GameStop Corp, will testify before a U.S. House panel on Thursday alongside top hedge fund managers.

Mathew Barzals powerplay goal in the third period lifted the New York Islanders to a 42 win over Boston on Saturday night that ended the Bruins' 10game point streak.

U.S. President Joe Biden's administration told allies on Friday it was reengaging with them to help steer the global economy out of its worst slump since the Great Depression, a contrast with the goitalone approach of Donald Trump.

Amazon is suing the attorney general of New York in a bid to stop her from suing the company over its coronavirus safety protocols and the firing of one of its outspoken workers.

Gold recovered earlier losses to steady on Friday as the dollar pulled back from session highs, while platinum was headed for its biggest weekly rise since March 2020 on expectations for a revival in auto sector demand.

Former SBI chairman Rajnish Kumar retired as the chairman of the country's largest lender in October last year after an over four-decade career.

Czech firearms company Ceska Zbrojovka has signed a deal to acquire Colt, the American gun maker that helped develop revolvers in the 19th century and has since supplied the armed forces in the U.S. and other countries.

A day after it put a hold on a proposed ban of TikTok, the Biden administration is distancing itself from attempts by former President Donald Trump to ban the China-owned messaging app WeChat.

Platinum extended its gains into a fifth straight session on Thursday, holding near more than a sixyear high, with analysts expecting further upside driven by higher demand from the automobile sector as an economic recovery picks up pace.

The number of Americans filing new applications for unemployment benefits inched down last week, consistent with a recent stalling in the labor market recovery.