The battle between small-time traders and hedge funds that has shaken U.S. and European stock markets moved into Asia, with surges in several Australian companies squeezing financial institutions that have bet on the stocks falling.
Business & Financial News, U.S & International Breaking News
U.S. Congress Republicans face dilemma in controversies around Cheney, Greene
The deep divisions roiling the U.S. Republican Party came into clear focus this week in controversies about Representatives Liz Cheney and Marjorie Taylor Greene - two politicians with little in common beyond their work address.
Wall St. heads for mixed start, eyes GDP, short-selling
Wall Street headed for mixed start on Thursday with investors preparing for the latest snapshot of economic growth and any signs that a big squeeze in shorted stocks has more to run.
At the urging of nursing homes, a law is amended and COVID court claims are slowed
Garnice Robertson wants accountability for her mother's death from COVID-19 caught while she was living at a Kansas nursing home that allegedly failed to prevent an outbreak of the disease. An unexpected legal hurdle stands in her way.
First flashes of Brexit trade trouble appear in UK data
Early signs of disruption caused by Britain's shift to its new, less open trading relationship with the European Union are emerging in economic data.
Toyota beats Volkswagen to become world's No.1 car seller in 2020
Japan's Toyota Motor Corp overtook Germany's Volkswagen in vehicle sales last year, regaining pole position as the world's top selling automaker for the first time in five years as the pandemic demand slump hit its German rival harder.
TSMC ramps up auto chip production as carmakers wrestle with shortages
Taiwan Semiconductor Manufacturing Co Ltd (TSMC) is "expediting" auto-related products through its wafer fabs and reallocating wafer capacity, the company said on Thursday, amid a global shortage of auto chips.
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