The Senate Finance Committee unanimously approves Janet Yellen's nomination as the first woman Treasury secretary, indicating that she will easily win full Senate approval, but Republicans call for her to work with them in developing economic policies.
Wall Street's main indexes slipped on Friday, dragged down by losses in blue-chip technology stalwarts Intel and IBM following their quarterly results, with concerns about a sharp rise in coronavirus cases also denting sentiment.
U.S. manufacturing activity surged to its highest level in nearly 14 years in early January, but bottlenecks in the supply chain caused by the COVID-19 pandemic are driving up prices and signaling a rise in inflation in the months ahead.
Baseball Hall of Famer Hank Aaron, the quiet, unassuming slugger who broke Babe Ruth's supposedly unbreakable record for most home runs in a career and battled racism in the process, died on Friday, the Atlanta Braves announced. He was 86.
Iran urged new U.S. President Joe Biden on Friday to "choose a better path" by returning to a 2015 nuclear deal between Tehran and global powers, but said the opportunity would be lost if Washington insists on further Iranian concessions up front.
Four men were given long jail sentences on Friday for the manslaughter of 39 Vietnamese men, women and children who suffocated to death in a stifling, airtight shipping container in October 2019 as they were being smuggled into Britain.
A Swiss criminal court found Israeli businessman Beny Steinmetz guilty of corruption on Friday and sentenced him to five years in jail, delivering a landmark verdict in one of the mining world's most high-profile legal disputes.
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