U.S. stocks ended in positive territory on Thursday as fresh stimulus hopes buoyed investor sentiment toward the end of a session fraught with worries over mounting shutdowns and layoffs linked to spiraling COVID-19 infection rates.
Treasury Secretary Steven Mnuchin on Thursday asked the Federal Reserve to return more than $400 billion in unused funds from the massive March pandemic relief package so that Congress can reappropriate it to deliver economic stimulus.
U.S. President-elect Joe Biden on Thursday said he supports the way the Federal Reserve has managed interest rate policy and that he has selected a person to run the Treasury Department.
A day after Boeing Co received approval for its 737 MAX to fly again following a 20-month grounding, its two largest U.S. and European customers signaled caution on their order books as they monitor demand in the midst of the coronavirus pandemic.
Stocks and oil rallied on Thursday after reports that U.S. congressional leaders may be willing to restart negotiations on stimulus for beleaguered businesses.
A Canadian border official involved with the interrogation of Huawei Chief Financial Officer Meng Wanzhou ahead of her 2018 arrest told a court on Thursday she was a flight risk and had the resources to escape the country without reporting to authorities.
Tyson Foods Inc said on Thursday it suspended employees without pay and hired former U.S. Attorney General Eric Holder to conduct an investigation in response to a wrongful death lawsuit that alleges managers at an Iowa pork plant took bets on how many employees would catch COVID-19.
Apple Inc and Verizon Communications on Thursday announced a program in which Verizon will subsidize the replacement of corporate customers' entire fleet of smartphones with any of Apple's iPhone 12 models.
The most intense U.S. coronavirus outbreak yet appears to have slowed hiring and may have begun to drag on retail spending on the cusp of the holiday shopping season, even as overall economic activity proves more resilient than in the spring.
Congress has grilled social network boss Mark Zuckerberg six times in over two years. Yet U.S. lawmakers have failed to pass new rules on privacy, content moderation or antitrust. Gina Chon explains why his repeat performances highlight the ineffectiveness of legislators.
Wall Street's main indexes edged lower at the open on Thursday as soaring coronavirus cases and an unexpected rise in weekly jobless claims raised fears of stalling economic growth. But the Nasdaq later turned positive. Fred Katayama reports.
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