Today's Top Story
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. Read More
Business News
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U.S. factory activity near 14-year high; home sales rise in December
WASHINGTON (Reuters) - U.S. manufacturing activity surged to its highest level in nearly 14 years in early January, but bottlenecks in the supply chain caused by the COVID-19 pandemic are driving up prices and signaling a rise in inflation in the months ahead.
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Dow, S&P close lower as IBM, Intel weigh, coronavirus concerns rise
NEW YORK (Reuters) - The Dow and S&P 500 ended modestly lower on Friday, dragged down by losses in blue-chip technology stalwarts Intel and IBM following their quarterly results, as hopes for a full economic reopening in the coming months waned.
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Even without Keystone XL, U.S. set for record Canadian oil imports
CALGARY/NEW YORK (Reuters) - The Keystone XL pipeline project may be dead, but the United States is still poised to pull in record imports of Canadian oil in coming years through other pipelines that are in the midst of expanding.
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Economic News
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Biden, citing 'economic imperative,' orders faster relief checks, more food aid
WASHINGTON (Reuters) - U.S. President Joe Biden on Friday ordered the faster issuance of pandemic stimulus checks to needy families and increased food aid for children who normally rely on school meals, an effort to ease Americans' burdens while Congress negotiates over his proposed $1.9 trillion economic stimulus package.
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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.
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U.S. factory activity near 14-year high; home sales rise in December
WASHINGTON (Reuters) - U.S. manufacturing activity surged to its highest level in nearly 14 years in early January, but bottlenecks in the supply chain caused by the COVID-19 pandemic are driving up prices and signaling a rise in inflation in the months ahead.
- More Economic News»
Money News
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Hedge fund Greenlight Capital's strong fourth quarter gains lift 2020 return to 5.2%
BOSTON (Reuters) - Greenlight Capital ended 2020 with a 5.2% gain thanks to a dramatic fourth quarter comeback when bets on a homebuilder, jet leasing company and home security services company turned into a 25% return, the firm said in a letter to investors on Thursday.
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BlackRock CEO says U.S. must roll out vaccines aggressively
MILAN (Reuters) - The best measure of success for the new U.S. government of President Joe Biden will be the speed at which it rolls out COVID-19 vaccines, BlackRock Chief Executive Larry Fink said on Thursday.
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Canadian pension funds hunt for pandemic real estate bargains
TORONTO (Reuters) - Canadian pension funds are seeking to boost their real estate investments, betting the slumping property market will recover as the COVID-19 pandemic recedes and office workers and city dwellers return to downtown properties.
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