 | | | | Some of former President Donald Trump's most high profile hospitality assets took a revenue hit last year as COVID lockdowns hurt business, according to a financial disclosure filed on Wednesday, his final day in office. | | | | | | The S&P 500 and Nasdaq closed at record highs on Thursday, propelled by optimism about more pandemic relief under the Biden administration to support the economy after data showed a tepid labor market recovery. | | | | | | President Joe Biden's administration has temporarily suspended oil and gas permitting on federal lands and waters in the latest of a series of rapid-fire orders aimed at fighting climate change and tamping down the U.S. fossil fuel industry. | | | | | | U.S. President Joe Biden's promised ban on new oil and gas drilling on federal lands would take years to shut off production from top shale drillers because they already have stockpiled permits, according to Reuters interviews with executives. | | | | | | Ford Motor Co said on Thursday it will recall 3 million vehicles for air bag inflators that could rupture, at a cost of $610 million. | | | | | | JPMorgan Chase & Co Chief Executive Officer Jamie Dimon will not get a raise in his annual pay and will receive $31.5 million for his work in 2020, the bank said on Thursday. | | | | | | Intel Corp on Thursday forecast first-quarter revenue and profit above Wall Street expectations, continuing to benefit from high demand for laptops, PCs and servers that have powered the shift to working and playing from home. | | | | | | World stock markets racked up record highs on Thursday and the dollar slipped as investors bet major stimulus from new U.S. President Joe Biden and unswerving global central bank support would cushion the coronavirus' damage and bolster growth. | | | | | | International Business Machines Corp missed Wall Street estimates for quarterly revenue on Thursday, hurt by a rare sales decline in its software unit as clients shied away from longer-term deals due to pandemic-induced economic uncertainty. | | | | | | At U.S. Treasury Secretary-designate Janet Yellen's confirmation hearing Tuesday she nodded to the need for the federal debt to be put on a "sustainable" path, at least eventually. | | | | | |
