U.S. business leaders expect to cut fewer jobs and a growing number plan to sharply raise employees' pay in the months ahead as confidence in the economic outlook surges amid the rollout of COVID-19 vaccines, a survey released on Thursday showed.
Wall Street's main indexes fell on Thursday as investors resumed a shift out of big technology-related firms, while an unexpected rise in weekly jobless claims pointed to a fragile recovery in the labor market.
The recent trading frenzy centered on GameStop Corp and other “meme” stocks is sparking a wave of investor interest in start-ups aiming to mimic the success of Robinhood Markets Inc, whose no-fee brokerage app has helped drive a trading boom.
The U.S. House of Representatives on Thursday reintroduced a bipartisan bill that would ban imports from China's Xinjiang region unless it is certified they are not produced with forced labor, and allow further sanctions against Chinese officials responsible for abuses against Muslims.
One area of focus from a U.S. House of Representatives panel on Thursday will likely be on the role short selling played in the GameStop market mayhem.
Toyota Motor Corp said Thursday it is investing US$210 million to expand engine production in West Virginia and add 100 new jobs.
Ford Motor has frozen all projects it was working on with Mahindra & Mahindra while it finalises a new India strategy, three people familiar with the U.S. carmaker's plans told Reuters, weeks after the two companies called off their planned joint venture.
TikTok will livestream content from the Ultimate Fighting Championship (UFC) on its short-form video app as part of a multi-year partnership with the mixed martial arts organisation, the Chinese-owned company said on Thursday (Feb 18).
U.S. stock index futures fell on Thursday as investors resumed a shift out of big technology firms ahead of data that is expected to show a steady recovery in the labor market.
U.S. workplace safety regulators have announced more than US$4 million in penalties on more than 300 employers they say put workers at risk during the COVID-19 pandemic.
