 | | | | San Francisco Federal Reserve Bank President Mary Daly on Thursday said that with high inflation that's not abating and a labor market on a tear by nearly all measures, raising interest rates in March makes sense. | | | | | | The organizer of CES, the world's largest technology show, said on Thursday it was unable to confirm the number of COVID-19 cases from its in-person event in Las Vegas last week after South Korean authorities said about 70 attendees from the country tested positive for the virus. | | | | | | Microsoft is investing $50 million in a LanzaJet facility in Georgia that will produce jet fuel from ethanol next year, LanzaJet said. | | | | | | Biogen Inc is working with investment bank Goldman Sachs to find potential targets for acquisitions, Stat News reported on Thursday, citing an unnamed source. | | | | | | Mexican President Andres Manuel Lopez Obrador said on Thursday he would welcome Mexican investors bidding in the sale of U.S. bank Citigroup's consumer banking operations in Mexico, making a pitch for the assets to become Mexican again. | | | | | | Ford Motor Co's market value breached $100 billion for the first time on Thursday, as more investors bet on the Detroit automaker's electrification strategy. | | | | | | Stock-picking hedge funds globally outperformed the broader sector with double-digit returns in 2021, despite a year beset by volatility and a new force of unpredictable retail traders flooding into the market to support "meme stocks." | | | | | | Gap Inc on Thursday launched non-fungible tokens (NFTs) of its iconic hoodies, sending the apparel maker's shares about 5% higher as it became the latest major retailer to dive into the world of speculative crypto assets. | | | | | | Canada's urban exodus picked up steam into the second year of the COVID-19 pandemic, with tens of thousands of people leaving Toronto and Montreal for smaller cities or rural areas, official data showed on Thursday. | | | | | | Nervous global stock markets tumbled on Thursday as the dollar wilted, after a drumbeat of hawkish remarks from Federal Reserve officials made clear that U.S. interest rates could rise as soon as March, putting an end to ultra-easy monetary conditions. | | | | | |
