President Joe Biden launched initiatives to rein in the raging COVID-19 pandemic, tackling his top priority on his first full day in the White House.
Business & Financial News, U.S & International Breaking News
Yellen's call to 'act big' reflects long re-think on big government debt
At U.S. Treasury Secretary-designate Janet Yellen's confirmation hearing Tuesday she nodded to the need for the federal debt to be put on a "sustainable" path, at least eventually.
Facebook hands decision on Trump ban to oversight board
Facebook Inc said on Thursday it was referring its decision to indefinitely suspend the accounts of former U.S. President Donald Trump to its independent oversight board.
Wall Street pauses at record highs after Biden inauguration
Wall Street's main indexes edged up to record highs on Thursday, propelled by optimism about more pandemic relief under the Biden administration to support the economy after data showed a tepid labor market recovery.
U.S. labor market recovery fading; housing, factories underpin economy
The number of Americans filing new applications for unemployment benefits decreased modestly last week as the COVID-19 pandemic tears through the nation, raising the risk that the economy shed jobs for a second straight month in January.
Exclusive: Air taxi startup Joby explores deal to go public - sources
Electric passenger aircraft developer Joby Aero Inc is exploring a deal to go public through a merger with a blank-check acquisition firm at a valuation of around $5 billion, according to people familiar with the matter.
Witness implicates Mexican soldiers in mass student kidnap, president says
Mexican President Andres Manuel Lopez Obrador confirmed on Thursday that a witness implicated soldiers in the 2014 disappearance of 43 students in the southern state of Guerrero that rocked the country.
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