The risks of ongoing business failures in the United States "remain considerable" even as the economy emerges from the coronavirus pandemic, the Federal Reserve said on Friday in its semi-annual monetary policy report to Congress.
U.S. stocks gained on Friday, helped by a rise in economy-sensitive cyclical sectors, with the S&P 500 and the Nasdaq on track to end the week on a dull note as investors rotated out of technology-related companies.
Market maker Citadel Securities does not use the personal information of retail investors, its billionaire co-founder Ken Griffin told CNBC on Friday, a day after the U.S. congressional hearing on GameStop.
The U.S. Securities and Exchange Commission on Friday suspended trading in more securities that have seen jumps in both prices and trading volumes since late January amid social media interest.
Major U.S. airlines on Friday said they would adopt a voluntary international contact tracing program, months after the White House under then-President Donald Trump blocked a mandatory effort.
Bipartisan members of Congress plan to introduce a bill in coming weeks to make it easier for smaller news organizations to negotiate with Big Tech platforms, said Rep. Ken Buck, the top Republican on the House Judiciary Committee's antitrust panel.
Wall Street's main indexes opened higher on Friday, as technology-related stocks rose after being sold off for most parts of the week, while investors awaited a reading on monthly business activity data.
A strong start for world equities in 2021 after the fastest bear-to-bull market switch last year has prompted market mavens to flag worries about pricey assets, with BofA calling it the "mother-of-all asset bubbles".
A British judge on Friday blocked the release of internal HSBC documents relating to U.S. fraud allegations against Huawei Chief Financial Officer Meng Wanzhou.
Massive refining outages in the U.S. state of Texas due to freezing weather has led to a flurry of fuel tanker bookings from Europe, while several carriers were diverting away from the U.S. Gulf Coast, traders and analysts said.
