President Biden will sign an executive order aimed at addressing a global semiconductor chip shortage that has forced U.S. automakers and other manufacturers to cut production.
Business & Financial News, U.S & International Breaking News
Biden CIA nominee Burns calls China an 'authoritarian adversary'
U.S. President Joe Biden's nominee to be director of the CIA, William Burns, told a Senate committee on Wednesday that he saw competition with China - and countering its "adversarial, predatory" leadership - as the key to U.S. national security.
U.S. new home sales beat expectations; December data revised higher
Sales of new U.S. single-family homes increased more than expected in January, boosted by historically low mortgage rates and an acute shortage of previously owned houses on the market.
Senate meetings on Tanden postponed, suggesting lack of support for Biden budget pick
Two Senate committees postponed meetings scheduled for Wednesday to consider President Joe Biden’s pick as budget director, Neera Tanden, suggesting she may not have the votes to be approved and may become the first high-profile Biden nominee to be rejected.
UK will resist 'dubious' EU pressure on banks, says BoE's Bailey
Britain will resist "very firmly" any European Union attempts to arm-twist banks into shifting trillions of euros in derivatives clearing from Britain to the bloc after Brexit, Bank of England Governor Andrew Bailey said on Wednesday.
Nasdaq declines as tech sell-off resumes; cyclical stocks rise
The Nasdaq index fell in choppy trading on Wednesday as investors continued to sell technology-related stocks, while the S&P 500 and the Dow Jones were supported by cyclical shares on hopes of a quicker economic recovery.
Indonesia says it holds intensive talks with both sides of Myanmar crisis
Indonesia is holding intensive talks with both the Myanmar military and representatives of the ousted elected government in a bid to end a crisis over a Feb. 1 military coup, Indonesia's foreign minister said on Wednesday.
Have a news tip?
Reuters provides several ways to securely and confidentially share information and materials with our journalists.LEARN MORE ››