President-elect Joe Biden will unveil a stimulus proposal on Thursday designed to jump-start the economy during the coronavirus pandemic and help minority communities with around US$1.9 trillion in aid.
Airbnb Chief Executive Officer Brian Chesky on Thursday predicted travel would permanently change due to the pandemic with people seeking out thousands of smaller cities and spending more time visiting friends and family.
Grayscale, the world's largest digital currency manager, said on Thursday its assets under management surged more than 900per cent to US$20.2 billion at the end of last year, lifted by record inflows in the fourth quarter and the surge in the price of bitcoin.
Toyota Motor Corp will settle a Justice Department civil probe into its delayed filing of emissions-related defect reports for US$180 million, sources briefed on the matter said.
General Electric Co accused a Siemens Energy AG subsidiary of using stolen trade secrets to rig bids for lucrative contracts supplying gas turbines to public utilities, and cover up improper business gains totaling more than US$1 billion, according to a lawsuit filed on Thursday.
The United States announced sanctions on Chinese state-owned enterprise and military officials on Thursday and added Chinese oil giant CNOOC to a blacklist, accusing them using coercion against states with rival claims in the South China Sea.
The Trump administration on Thursday added nine Chinese firms to a blacklist of alleged Chinese military companies, including planemaker Comac and mobile phone maker Xiaomi, according to a document seen by Reuters.
Daimler will cut production and reduce working hours at a second factory, the latest automaker to suffer from a global shortage of semiconductors, the Handelsblatt daily reported on Thursday, citing unnamed company sources.
The Dow and the Nasdaq hit record highs on Thursday in anticipation of President-elect Joe Biden's pandemic aid proposal to jump-start a struggling economy after data highlighted weakening labor market conditions.
Wells Fargo & Co is in exclusive talks to sell its asset management business, which manages more than US$607 billion on behalf of customers, to a private equity consortium led by GTCR LLC and Reverence Capital Partners LP, according to people familiar with the matter.
