Business

Yellen nomination sails through Senate panel; final vote set for Monday

WASHINGTON (Reuters) – The U.S. Senate Finance Committee on Friday unanimously approved Janet Yellen’s nomination as the first woman Treasury secretary, indicating that she will easily win full Senate approval, but Republicans called for her to work with them in developing economic policies. The full Senate will vote on Yellen’s nomination on Monday, Senate Majority […]

Business

Senate committee unanimously approves Yellen nomination for U.S. Treasury secretary

FILE PHOTO: Former Federal Reserve Chairman Janet Yellen speaks during a panel discussion at the American Economic Association/Allied Social Science Association (ASSA) 2019 meeting in Atlanta, Georgia, U.S., January 4, 2019. REUTERS/Christopher Aluka BerrYWASHINGTON (Reuters) – The U.S. Senate Finance Committee voted unanimously to approve Janet Yellen as the first woman Treasury secretary on Friday, […]

Business

S&P, Nasdaq close at record highs on optimism about Biden stimulus plan

(Reuters) – 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.FILE PHOTO: The New York Stock Exchange (NYSE) is seen in the financial district of New York, U.S., January 13, […]

Business

Wall Street set to slip from all-time highs after strong run; Twitter slumps

(Reuters) – Wall Street’s main indexes were to set to slip from record levels on Monday as investors locked in gains after a stellar vaccine and stimulus-fueled rally, while Twitter shares slumped following permanent suspension of President Donald Trump’s account.FILE PHOTO: A man wearing a protective face mask walks by a closed store, as the […]

World News

Trump moves to loosen mining regulations, approve projects as he exits

(Reuters) – Outgoing U.S. President Donald Trump’s administration is moving to loosen mining regulations and green light new mineral projects before leaving office this month, with successor Joe Biden unable to reverse some of the changes.FILE PHOTO: U.S. President Donald Trump speaks during a rally to contest the certification of the 2020 U.S. presidential election […]

Business

Dow, S&P 500 scale new highs on possible Democrat sweep in Georgia

(Reuters) -U.S. stocks rose on Wednesday with the Dow and the S&P 500 notching record highs as investors piled into financial and industrial stocks on bets that a Democratic sweep in Georgia would lead to more fiscal stimulus and infrastructure spending.FILE PHOTO: The U.S. flag covers the front facade of the New York Stock Exchange […]

Business

S&P 500, Dow slide from record peaks on Georgia elections, virus surge

NEW YORK (Reuters) -Shares on Wall Street fell sharply from all-time peaks on the first trading day of the year on Monday, as risk appetite ebbed amid upcoming runoff elections in Georgia and the persistent surge in coronavirus cases.FILE PHOTO: A Wall St. sign is seen near the New York Stock Exchange (NYSE) in the […]

Business

U.S. stocks in 2020: a year for the history books

NEW YORK (Reuters) – The year 2020 was a wild one for Wall Street, bookended by the end of the longest bull market in history with the battering of equities by the COVID-19 shutdowns, and a bungee-cord rebound on hopes for economic recovery that resulted in the shortest bear market on record.FILE PHOTO: Raindrops hang […]

Business

U.S. stocks in 2020: a year for the history books

NEW YORK (Reuters) – The year 2020 was a wild one for Wall Street, bookended by the end of the longest bull market in history with the battering of equities by the COVID-19 shutdowns, and a bungee-cord rebound on hopes for economic recovery that resulted in the shortest bear market on record.FILE PHOTO: Raindrops hang […]

Business

Wall Street set to end pandemic year on strong note

(Reuters) – U.S. stocks were flat in thin trading on Thursday, but the S&P 500 and the Nasdaq were set to end 2020 with solid gains on hopes of more stimulus and coronavirus vaccines to support the domestic economy.FILE PHOTO: The boot on the statue of George Washington, the first president of the United States, […]