Tuesday 19 January 2021

Daily Investor Update: Tyson Foods settles more of chicken price-fixing litigation

Reuters.com Newsletter

Tyson Foods settles more of chicken price-fixing litigation

Tyson Foods Inc agreed to settle price-fixing litigation by consumers who accused it of illegally conspiring to inflate prices in the $65 billion chicken industry.

U.S. agency forcing Ford to recall 3 million vehicles over air bags

The U.S. auto safety regulator said on Tuesday it would require Ford Motor Co to recall 3 million vehicles with potentially defective Takata air bags.

Spend big now, pay down debt later, Biden's Treasury nominee Yellen tells lawmakers

Janet Yellen, U.S. President-elect Joe Biden's nominee for Treasury Secretary, urged lawmakers on Tuesday to "act big" on the next coronavirus relief package, adding that the benefits outweigh the costs of a higher debt burden.

Treasury nominee Yellen says markets should determine value of dollar

Janet Yellen, U.S. President-elect Joe Biden's nominee for Treasury Secretary, said the value of the dollar should be determined by markets, and the targeting of exchange rates for commercial advantage by other countries was "unacceptable."

Democrat Wyden wants Thursday vote on Yellen as U.S. Treasury secretary

Senator Ron Wyden, the top Democrat on the U.S. Senate Finance Committee, said he would push for a Thursday vote to confirm former Fed Chair Janet Yellen as the next Treasury secretary.

Yellen to tell lawmakers 'act big' on coronavirus relief

Janet Yellen, U.S. President-elect Joe Biden's nominee for Treasury Secretary, urged lawmakers on Tuesday to "act big" on the next coronavirus relief package, adding that the benefits outweigh the costs of a higher debt burden.

Analysis: Yellen-backed policies set to aid risk assets, raise longer-term worries

Treasury Secretary nominee Janet Yellen's unequivocal support for a pandemic rescue plan cuts both ways for investors, fueling optimism that the rally in risk assets will continue while bolstering concerns over a massive runup in government debt.

India asks Facebook's WhatsApp to withdraw privacy policy update

India's technology ministry has asked WhatsApp to withdraw changes to its privacy policy the messaging platform announced earlier this month, saying the new terms take away choice from Indian users.

Oil gains on stimulus optimism ahead of Biden inauguration

Oil prices climbed with U.S. stock markets on Tuesday ahead of Joe Biden's inauguration as U.S. president on optimism that more government stimulus will eventually lift global economic growth.

Goldman hints at cost cuts to hit targets as trading gains look ready to slow

Goldman Sachs Group Inc posted a blockbuster fourth-quarter profit that dwarfed Wall Street estimates on Tuesday, but executives warned that capital markets activity fueling results lately will probably slow down and that the bank's consumer business will take longer to get in the black.

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