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Economy News

January 15, 2021

Citigroup 4Q profit down 7%, revenue drops by 10%

Banking conglomerate Citigroup said its fourth quarter profits fell by 7%, but like its competitor JPMorgan Chase, the bank ...

January 15, 2021

December wholesale prices up 0.3% with sharp jump in energy

U.S. wholesale prices rose 0.3% in December led by a the biggest jump in energy costs since June. The Labor Department ...

January 15, 2021

Haiti braces for unrest as opposition demands new president

Flying rocks. Burning tires. Acrid smoke. Deadly gunfire. Haiti braced for a fresh round of widespread protests starting ...

January 14, 2021

Powell signals Fed to keep aiding economy

Fed Chair Jerome Powell is tamping down concerns the Fed might withdraw some of its support for the U.S. economy, stressing ...

January 14, 2021

Turkmenistan, Afghanistan open new infrastructure projects

The leaders of Turkmenistan and Afghanistan on Thursday launched three new infrastructure projects intended to boost economic ...

January 14, 2021

2020 sets yet another global temperature record

Scientists say 2020 was either the hottest year on record or a close second or third. Several weather groups Thursday ...

January 14, 2021

Denmark to hold impeachment trial vote on ex-minister

Denmark's ruling party said it would back a vote in parliament Thursday on whether a former immigration minister in the ...

January 14, 2021

France opposes foreign takeover offer for supermarket chain

France's government says it opposes the proposed 16.2 billion-euro ($19.6 billion) takeover of French supermarket chain ...

January 14, 2021

China demands US lift Xinjiang cotton, tomato import ban

China on Thursday demanded Washington drop a ban on cotton and tomato imports from its Muslim northwest over complaints they ...

January 14, 2021

WhatsApp growth slumps as rivals Signal, Telegram rise

Encrypted messaging apps Signal and Telegram are seeing huge upticks in downloads from Apple and Google’s app stores.

January 14, 2021

Twitter CEO defends Trump ban, warns of dangerous precedent

Twitter CEO Jack Dorsey defended his company’s ban of President Donald Trump in a philosophical Twitter thread that is his ...

January 14, 2021

Managers detained as 22 trapped in China mine for 3rd day

Authorities have detained managers at a gold mine in eastern China where 22 workers have been trapped underground following ...

January 14, 2021

Tesla balks at touch screen recall, US agency takes action

Tesla Inc. is balking at recalling about 159,000 vehicles with potentially defective touch screens, so U.S. safety regulators ...

January 13, 2021

Report: Companies donated $170M to GOP election objectors

Corporations and industry groups have donated at least $170 million in recent years to Republicans who rejected ...

January 13, 2021

Intel replaces its chief executive after a rocky stretch

Intel is replacing its CEO after only two years in what had been a rough stretch for the chipmaker. Bob Swan, who became the ...

January 13, 2021

DC Mayor asks public not to attend inauguration

District of Columbia Mayor Muriel Bowser said Wednesday that in order to prevent violence during President-elect Joe Biden's ...

January 13, 2021

David Barclay, billionaire twin Telegraph owner, dies at 86

David Barclay, one of the billionaire identical twins whose business empire includes Britain’s Daily Telegraph newspaper, has ...

January 13, 2021

Yellen's Senate confirmation hearing set for Jan. 19

The Senate Finance Committee announced Tuesday that it will hold a confirmation hearing for Treasury Secretary-nominee Janet ...

January 13, 2021

Visa, Plaid call off merger following antitrust pressure

Visa Inc. on Tuesday called off its planned $5.3 billion purchase of payment-processing technology company Plaid, citing the ...

January 12, 2021

Divers recover crashed Indonesian plane's data recorder

Indonesian navy divers searching the ocean floor on Tuesday recovered the flight data recorder from a Sriwijaya Air jet that ...

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