Federal Reserve officials saw "little or no growth" in four of their 12 regional districts and only modest growth in the others in recent weeks as a rapidly spreading health crisis and ongoing recession continued to devastate some U.S. businesses and families even as many others thrive.
The National Labor Relations Board will file a complaint accusing Alphabet Inc's Google of unlawfully monitoring and questioning workers, who were fired for protesting against company policies and trying to organize a union, the former employees said in a statement on Wednesday.
The dollar sank to a fresh 2-1/2-year low in choppy trading on Wednesday, weighed down by expectations of further fiscal stimulus for the United States.
Oil prices settled higher on Wednesday as Britain's approval of a COVID-19 vaccine boosted hopes for a demand recovery and on mounting expectations that producing countries will maintain output limits next year.
Wall Street stocks were mixed on Wednesday, with the Nasdaq dipping and S&P 500 index climbing as investors weighed upbeat vaccine developments and a potential coronavirus fiscal package with a bleak private jobs report.
U.S. private payrolls increased less than expected in November as soaring new COVID-19 infections led to a wave of business restrictions, adding to signs of slowing economic activity as a turbulent year winds down.
A federal appeals court said on Wednesday it will hear oral arguments on Dec. 14 on the government's appeal of an order that blocked a ban on Apple Inc and Alphabet's Google offering TikTok for download in U.S. app stores.
Uber Technologies is in advanced talks to sell its air taxi business, "Uber Elevate", to aerospace firm Joby Aviation, news website Axios reported https://bit.ly/37qqMKN on Wednesday, citing sources.
Amtrak, the U.S. passenger railroad, will pay $2.25 million to resolve civil claims by the Justice Department that it discriminated against passengers with disabilities, and agreed to fix up train stations that failed to accommodate wheelchair-bound passengers and others with limited mobility.
The federal judge hearing the U.S. Justice Department's antitrust lawsuit against Alphabet's Google urged the government's lawyers to redraft a proposed protective order to remove potential barriers that could prevent the search and advertising giant from effectively defending itself.
[NFA] President-elect Joe Biden won't immediately reverse Donald Trump's China tariffs and trade deal, he told the New York Times in an interview. Instead, he'll focus on a stimulus package -- and keeping his China options open. Lucy Fielder reports.
South Korea's Hyundai Motor Group said on Wednesday it will introduce an electric vehicle-only platform early next year that will use its own battery technology to cut production time and costs. Ciara Lee reports
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