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US consumer spending decreases further; inflation creeping up

U.S. consumer spending fell for a second straight month in December amid renewed business restrictions to slow the spread of COVID-19 and a temporary expiration of government-funded benefits for millions of unemployed Americans.

Markets

Analysis: GameStop’s ‘Reddit rally’ puts scrutiny on social media forums

Social media services including Facebook Inc and Reddit restrict discussions about weapons, drugs and other illegal activity, but their rules do not specifically mention another lucrative regulated good: stocks.

Markets

Robinhood rejects Massachusetts regulator’s charges it encourages risky trading

Online brokerage Robinhood on Friday accused Massachusetts securities regulators of creating a "false impression" that it encourages inexperienced investors to place trades without limits and inappropriately approved customers for risky trading.

Markets

Wells Fargo CEO Scharf’s pay drops nearly 12per cent in 2020

Wells Fargo & Co Chief Executive Officer Charles Scharf's annual pay fell by about US$3 million, or 11.7per cent, in 2020, a regulatory filing showed on Friday.

Markets

United sends 14,000 furlough warnings; unions seek US$15B new US aid for airlines

United Airlines said on Friday it has sent warnings of potential furloughs to some 14,000 employees whose jobs are at risk once a second round of payroll support for airlines expires on April 1, as demand for air travel has been hard hit by the coronavirus pandemic.

Markets

Housing loans lift bank lending in December amid rising home prices

HOUSING loans in Singapore extended its growth streak for the fourth straight month last December, on the back of rising private home prices.

Markets

The stock market wars: US lawmaker Ocasio-Cortez breaks it down

A chat with U.S. Democratic lawmaker Alexandria Ocasio-Cortez drew more than a million viewers overnight to a website best-known for video game players, where she dissected this week's headline-grabbing battle between Reddit online traders and hedge funds.

Markets

United Airlines warns 14,000 jobs at risk when payroll aid expires

United Airlines said on Friday it has sent warnings of potential furloughs to some 14,000 employees whose jobs are at risk once a second round of payroll support for airlines expires on April 1, as demand for air travel has been hard hit by the coronavirus pandemic.

Markets

United Airlines says 14,000 jobs at risk when payroll aid expires

United Airlines said on Friday that it has sent warnings of potential furloughs to some 14,000 employees whose jobs are at risk once a second round of payroll support for airlines expires on April 1.

Markets

Canada judge rejects Huawei CFO Meng Wanzhou’s request for looser bail terms

Huawei Chief Financial Officer Meng Wanzhou's request to loosen the bail terms set during her release from jail in 2018 has been rejected, a Canadian judge ruled on Friday, as she fights a U.S. extradition case.

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