U.S. Senate votes to begin debate on Biden COVID-19 relief bill

The U.S. Senate voted on Thursday to take up President Joe Biden's $1.9 trillion coronavirus aid bill, setting up what is likely to be a contentious, days-long debate over the merits of the sweeping package.

Wall Street slumps on Fed remarks, bond scare

Wall Street slumped on Thursday and global stock markets declined after U.S. Federal Reserve Chair Jerome Powell repeated his pledge to keep credit flowing until Americans are back to work, pushing back at investors who have doubted if he can hold that promise after the pandemic.

GameStop, AMC both spike before paring gains

Shares in Reddit-darling GameStop climbed to a session high of $147.87 as volume spiked on Thursday afternoon and the video game retailer's stock was last up 4.5% after paring some gains.

Investors seeking action from Powell on yields disappointed

Investors hoping for action from Federal Reserve Chair Jerome Powell to address recent turmoil in the Treasury market were left disappointed.

Oil scales one-year peak as OPEC+ rolls over output for April

Oil rallied more than 4% on Thursday, hitting its highest in over a year, after OPEC and its allies agreed to keep production unchanged into April, reasoning that the demand recovery from the coronavirus pandemic was still fragile.

Bank of America, Morgan Stanley win dismissal of metals spoofing litigation

A federal judge in Manhattan on Thursday dismissed litigation by traders and trading firms accusing Bank of America Corp and Morgan Stanley of manipulating the precious metals futures market by placing trades and then cancelling them before execution, or "spoofing".

Nasdaq tumbles to correction territory after Powell comments

Wall Street slumped on Thursday, leaving the Nasdaq down 10% from its February record high, after remarks from Federal Reserve Chair Jerome Powell disappointed investors worried about rising longer-term U.S. bond yields.

U.S. markets regulator deploys team to target climate, ESG misconduct

The U.S. Securities and Exchange Commission has formed an enforcement task force to examine misconduct related to environmental, social and governance issues as the regulator ramps up a focus on climate and other hot-button topics.

Nasdaq tumbles to correction territory after Powell comments

Wall Street slumped on Thursday, leaving the Nasdaq down 10% from its February record high, after remarks from Federal Reserve Chair Jerome Powell disappointed investors worried about rising longer-term U.S. bond yields.

U.S. travel demand remains low; 12% of Americans plan spring break travel: industry

U.S. travel demand remains low even as tens of millions of Americans get vaccinated for COVID-19, with just 12% planning a spring break trip this year, the industry said Thursday.

UPDATE 1-U.S. debt burden to rise to 202% of GDP in 2051, CBO projects

The U.S. federal debt burden will double over the next 30 years, reaching 202% of economic output in 2051, as deficits grow and interest rates eventually rise, the Congressional Budget Office said on Thursday in its latest long-term budget projections.

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