Shares of Tesla surged to a record high in heavy trading on Thursday (Jan 7), with the electric car maker's stock market value exceeding Facebook's for the first time.
Millions of pandemic stimulus payments have been deposited in incorrect customer accounts due to an Internal Revenue Service error, according to Intuit TurboTax, which is helping to distribute the payments.
Boeing Co will pay over US$2.5 billion to resolve the Justice Department's investigation into two deadly 737 MAX crashes that killed 346 people, the Justice Department said.
A recent rise in U.S. bond yields and market inflation expectations has bolstered Federal Reserve officials' hopes that the central bank's new monetary policy approach is taking hold and could be further buoyed if a Democratic-led Congress rolls out more spending.
Stocks on Wall Street hit record levels on Thursday as investors bet a Democrat-controlled Congress will deliver more stimulus spending to help the U.S. economy overcome a steep pandemic-induced downturn.
Bitcoin topped US$40,000 for the first time on Thursday, as it continues a rally that has seen the digital currency climb more than 700per cent from a March 12 closing low.
WASHINGTON :The United States has indefinitely suspended 25per cent tariffs on French cosmetics, handbags and other imports it had planned in retaliation for a digital services tax Washington says will harm U.S. tech firms, as it investigates similar taxes elsewhere.
Federal investigators are probing business-card sales practices at American Express Co, the Wall Street Journal reported on Thursday, citing people familiar with the matter. (https://on.wsj.com/3oqlUMK)
Smithfield Foods on Thursday unveiled a management shakeup as the world's largest pork processor and its new chief executive deal with the ripple effects of a pandemic-led drop in restaurant meat consumption and coronavirus infections among U.S. workers.
Shares of Tesla surged to a record high on Thursday, with the electric car maker's stock market value briefly exceeding Facebook's for the first time.
