ECB seen laying out plans in Q4 to end emergency asset purchases: Reuters poll
The European Central Bank is likely to announce long-awaited plans to reduce its pandemic-related asset purchases in the next quarter, according to a Reuters poll of economists, most of whom expected the programme to be wrapped up by the end of March.
POLL-New Zealand set to deliver Asia's first pandemic-era rate hike
New Zealand's central bank is expected this week to become the first in Asia-Pacific to raise interest rates since the pandemic began, amid concerns crisis-era stimulus is overheating the economy.
Business groups call on Biden to restart trade talks with China
Nearly three dozen of the nation’s most influential business groups — representing retailers, chip makers, farmers and others — are calling on the Biden administration to restart negotiations with China and cut tariffs on imports, saying they are a drag on the U.S. economy.
Most expensive cities for construction in 2021: report
The coronavirus pandemic and global lockdowns has driven up construction costs around the world due to increased demand and constrained supply.
Biden White House under fire over concerns CFPB pushed aside top-level workers for loyalists
Republican Sen. Pat Toomey is demanding answers about reports that the Consumer Financial Protection Bureau forced out career civil servants in favor of President Biden loyalists.
A space company’s Wall Street launch misfires
A space-transportation company trying to go public didn’t tell potential investors that its satellite-hauling technology failed, that it lost contact with a satellite in space and that its Russian founder had been deemed a national-security risk by the U.S. government, the Securities and Exchange Commission said.
Covid-19 pill race heats up as Japanese firm vies with Pfizer, Merck
A Japanese company has started human trials of the first once-a-day pill for Covid-19 patients, joining Pfizer Inc. and Merck & Co. in the race to find treatments for the disease.
Musk creates 'hype' with bitcoin ‘pump and dump’ comments: Jordan Belfort
Jordan Belfort, the former stockbroker and subject of the 2013 hit “Wolf of Wall Street,” argued that Tesla CEO Elon Musk may not need to "pump and dump" cryptocurrencies, however, other people "pump and dump" around the “hype” the celebrity creates.
Banking industry CEO slams Washington for not considering ‘personal responsibility’ of overdraft protection
Alex Sanchez reacts to politicians in Washington blaming banks for economic consequences of overdraft fees.
JPMorgan, Goldman Sachs to kick off earnings week
JP Morgan Chase and Goldman Sachs are the first two major U.S. banks set to release second quarter earnings this week.
Elsa latest: Commercial vessels at Port of Key West told to prepare to depart as Florida braces for storm
The Coast Guard cautioned cargo and commercial vessels that they should depart Florida ports ahead of Tropical Storm Elsa, which is set to make landfall in the next 24 hours.
Biden's 15% global minimum tax supported by 130 countries, territories
The push to establish a global minimum tax – backed by President Biden – has support from 130 countries and territories, according to the Organization for Cooperation and Economic Development.
Parents who lost 16-year-old to overdose start petition asking TikTok, Snapchat to change policies
The parents of a 16-year-old boy who died from a fentanyl overdose have started a petition calling on social media apps like TikTok and Snapchat to change their policies.
SEC chairman calls for new restrictions on executive stock-trading plans
The Securities and Exchange Commission is drafting a proposal that would restrict plans that corporate insiders use to avoid insider-trading claims when buying or selling their own company’s stock.
Belmont Stakes betting on big return despite rough odds for 2021 race
The Belmont Stakes, one of the country’s oldest horse racing events, usually draws a crowd in excess of 100,000, has an economic impact on Long Island of more than $10 million and is the last jewel in the quest for thoroughbred racing’s Triple Crown. The 2021 edition will have none of those on Saturday.
Trade war continues, but it’s not as bad as it could have been
Booze drinkers along with restaurant and bar owners face steep prices as a trade war continues between the United States and European Union. But it’s not as bad as it could have been.
Marijuana companies' THC edibles mimicking candy favorites aimed at kids, confectionery lawsuits allege
A recent lawsuit over THC-laced edibles and packaging raises the question whether cannabis companies are aiming to draw in adolescents as a possible market.
Prescription drug pricing media battle draws big spending from both sides
An organization working to lower prescription drug prices is launching a seven-figure ad blitz that spotlights patients calling on members of Congress "to keep their promises" by supporting a drug pricing reform bill that would give Medicare the power to negotiate "lower prices for all Americans."
Possible new Sanofi-GSK coronavirus vaccine showing promise in trials, companies say
A possible new coronavirus vaccine candidate produced by Sanofi and GSK (GlaxoSmithKline) that uses the human body’s own antigens to neutralize antibody responses for people who have already recovered from the illness, has completed Phase 2 trials, the companies said Monday.
GOP Rep. Ken Buck says Facebook 'stifling' competition in letter to FTC
Buck -- the ranking member of the antitrust subcommittee in the House -- sent a letter exclusively obtained by Fox News to FTC acting chair Rebecca Slaughter on Friday raising concerns that the social media giant is using its 2019 settlement to “stifle” advertising analytics competitors.