Business & Financial News, U.S & International Breaking News
S&P 500, Nasdaq scale record highs as Netflix soars; Biden takes office
The S&P 500 and the Nasdaq hit all-time highs on Wednesday as Joe Biden became the 46th U.S. president, while solid results from Netflix sparked a rally in shares of stay-at-home winners.
At least three dead after blast wrecks building in central Madrid
At least three people died and six were injured on Wednesday when a building in central Madrid belonging to the Catholic Church was blown apart by an explosion, local authorities said.
Alibaba's Jack Ma makes first public appearance in three months
Alibaba Group founder Jack Ma made his first public appearance since October on Wednesday when he spoke to a group of teachers by video, easing concern about his unusual absence from the limelight and sending shares in the e-commerce giant surging.
Morgan Stanley boosts targets after blowout trading quarter
Morgan Stanley boosted both its short and long-term operating targets on Wednesday after coronavirus-induced volatility in financial markets helped the Wall Street bank post a quarterly profit that sailed past estimates.
China rescuers prepare escape route for trapped gold miners
Rescue teams on Wednesday drilled new holes down a gold mine in China's Shandong province, searching for more survivors after an explosion 10 days ago and preparing an escape passage for a group known to still be alive, state media reported.
Analysis: Rising U.S. bond market inflation gauge masks extent of pandemic shock
A surge in the bond market's best gauge of how much inflation investors expect in the years ahead could be underestimating how long the economic shock from the pandemic will last, even if the new Joe Biden administration pushes its proposed massive stimulus package through Congress quickly.
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