Business
Global Markets: U.S. Yields Climb Further, Brent At 11-month High
The benchmark yield on U.S. Treasuries rose for a seventh straight session on Tuesday, while oil was at its highest in nearly a year and stocks edged lower, with eyes on U.S. earnings and Joe Biden's inauguration next week.
Liz Weston: 4 Financial ‘experts’ Who Could Steer You Wrong
None of us knows everything we need to know about money, so we may turn to experts for help. But some money professionals who offer advice are not qualified to do so nor are they required to put our interests ahead of theirs.
Rupee Falls 24 Paise to 73.48 Against Dollar in Early Trade
At the interbank forex market, the domestic unit opened at 73.47 against the US dollar and fell to 73.48 against the greenback, registering a decline of 24 paise over its previous close.
Asia Stocks Hold Near Highs, Yields Up On U.S. Stimulus Plans
Asian shares took a breather on Monday while Treasury yields were at 10month highs as "trillions" in new U.S. fiscal stimulus plans were set to be unveiled this week, stoking a global reflation trade.
Indian Economy Heading Towards V-shaped Recovery in 2021: Assocham
The industry chamber said it expects immense accruals of economic benefits from the COVID-19 vaccination programme about to be rolled out.
Cipla Recalls Over 5.8 Lakh Packets of Gastric Ulcer Treatment Drug in US
The drug major is recalling esomeprazole magnesium for delayed release oral suspension in unit dose packets in strengths 10 mg, 20 mg and 40 mg in the US market, the latest Enforcement Report by the USFDA said.
Once Again, Job Losses Fall Unequally Across The US Economy
Ten months into Americas viral outbreak, lowincome workers are still bearing the brunt of job losses an unusual and harsh feature of the pandemic recession that flattened the economy last spring.
Stimulus Hopes Push Global Equity Markets To New Records, Bonds Hit 11-mth Lows
A global equities rally pushed Japan's Nikkei to a more than threedecade high and U.S. stock benchmarks to new records on Friday, while safe havens such as Treasuries and gold sold off as investors looked past U.S. political unrest and focused on further...
S&P 500, Nasdaq Hit Record Highs As Stimulus Hopes Outweigh Dire Jobs Report
The S&P 500 and the Nasdaq scaled new highs on Friday, as hopes of more economic stimulus to ride out a pandemicled downturn eclipsed concerns over a significant loss of pace in a labor market recovery.
Oil Set For Weekly Gain On Saudi Output Cut Pledge
Oil prices hit 11month highs on Friday and were on track for a strong weekly gain, supported by Saudi Arabia's pledge to cut output and a rally in global equities as investors looked beyond rising coronavirus cases.
Gold Inches Lower As Rising Yields, Stronger Dollar Weigh
Gold eased on Friday as the U.S. dollar and Treasury yields firmed, although hopes for additional stimulus in the world's largest economy kept bullion on course for a second straight weekly gain.
As Elon Musk Surpasses Jeff Bezos to Become World's Richest Man, Here's All You Need to Know About Him
The 4.8% rise in Tesla's share price pushed Musk to the top spot on the Bloomberg Billionaires Index, a ranking of the world's 500 wealthiest people.
Boeing Will Pay $2.5 Billion To Settle Charge Over Plane
Boeing will pay $2.5 billion to settle a criminal charge of defrauding safety regulators in connection with the development of the 737 Max aircraft, which suffered two deadly crashes.
Revamped Detroit Plant To Start Making New Jeep By March 31
A revamped version of the Jeep Grand Cherokee SUV with three rows of seats will roll off the assembly line this spring at a restored Detroit factory complex.
Roche, Sanofi Arthritis Drugs Reduce Death Rates Among Sickest COVID-19 Patients
Treating critically ill COVID19 patients with Roche's Actemra or Sanofi's Kevzara arthritis drugs significantly improves survival rates and reduces the amount of time patients need intensive care, study results showed on Thursday.
CureVac Strikes COVID-19 Vaccine Alliance With Bayer
German biotech firm CureVac has agreed an alliance with drugmaker Bayer to help it seek regulatory approval for its experimental COVID19 vaccine and distribute doses, the two companies said on Thursday.