The U.S. Senate on Thursday voted to extend the COVID-19 pandemic Paycheck Protection Program (PPP) until the end of May, giving small businesses more time to apply and the government more time to process requests.
Part of the reason why U.S. stocks are struggling for a second straight week may be quarter- and month-end rebalancing by pension funds, which could also keep pressure on equities through the end of March next week.
In their first appearance before Congress since Trump supporters stormed the U.S. Capitol, the chief executives of Facebook, Google and Twitter were asked by U.S. lawmakers whether their platforms bore some responsibility for the riot: "yes or no?"
WASHINGTON (Reuters) -Top Federal Reserve officials continued a barnstorming effort on Thursday to tell investors and the public at large that the U.S. central bank's expansive support for the economy will stay in place until an accelerating recovery reaches all levels of American society and is effectively complete.
Sun Life Financial sees Asia as a priority for mergers and acquisitions and will ensure it has enough capital to deploy for deals before doing buybacks, Kevin Strain, who will become chief executive in August, said on Thursday.
The Nasdaq slid on Thursday as investors sold technology shares and bought underpriced stocks likely to do well on expectations the U.S. economy grows at its fastest pace in decades this year.
The Bank of England unveiled the design of a new banknote celebrating mathematician Alan Turing, who helped Britain win World War Two with his code-breaking skills but is believed to have killed himself after being convicted for having sex with a male partner.
Oil prices fell 4% per barrel on Thursday, extending a string of market weakness on renewed lockdowns in Europe and Asia to head off a rising coronavirus infection rate.
Democratic U.S. lawmakers will seek to repeal a regulation introduced during former President Donald Trump's administration that they said allows predatory lenders to skirt state consumer protections - a setback for financial technology firms that stand to benefit from the rule.
Facebook CEO Mark Zuckerberg on Thursday tried to defend his social media platform's role in the 2020 U.S. election and deflect blame for the January 6th insurrection, telling lawmakers that Facebook did its part and former President Trump should be held accountable for his words.
Shares in dual-listed Chinese companies trading on U.S. exchanges fell sharply on Thursday after the U.S. securities regulator adopted measures that would kick foreign companies off American stock exchanges if they do not comply with U.S. auditing standards. Fred Katayama reports.
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