Saqib Iqbal Ahmed, Reuters | Updated Jan 15th - 2:03pm
The U.S. dollar rose across the board to hit a four-week high against a basket of currencies on Friday, as data showing the COVID-19 pandemic's continuing toll on the economy boosted demand for the safe-haven currency.
Dating app Bumble, which is backed by private equity firm Blackstone Group, on Friday made public its regulatory filing for an initial public offering, revealing steady revenue growth and higher operating costs that resulted in a loss.
The Federal Reserve has no plans to dial back its super-easy policy even as the incoming Biden administration lobbies for a new and massive round of stimulus that sets the economy up for faster growth once vaccines are fully rolled out.
Ricardo Alonso-zaldivar and Bill Barrow, Associated Press | Updated Jan 14th - 10:38pm
President-elect Joe Biden is unveiling a $1.9 trillion coronavirus plan Thursday to turn the tide on the pandemic, speeding up the vaccine rollout and providing financial help to individuals, states and local governments and businesses struggling with the prolonged economic fallout.
The International Monetary Fund is urging countries to continue strong fiscal and monetary efforts to support their economies given continued uncertainty about the risks posed by a resurgence in COVID-19 cases and new variants.
David Shepardson and Tracy Rucinski, Reuters | Posted Jan 14th - 12:45pm
Major U.S. airlines are stepping up security measures ahead of next week's presidential inauguration after supporters of President Donald Trump disrupted some flights following violence at the U.S. Capitol last week.
The number of Americans filing first-time applications for unemployment benefits surged last week, confirming a weakening in labor market conditions as a worsening COVID-19 pandemic disrupts operations at restaurants and other businesses.
Scott Sonner, Associated Press | Posted Jan 13th - 10:41pm
Environmentalists have filed a notice of intent to sue to block plans to build up to 11,000 miles of fuel breaks they contend would violate the Endangered Species Act in a misguided effort to slow the advance of wildfires in six Western states, including Utah.
Adam Beam and Amy Taxin, Associated Press | Updated Jan 13th - 6:51pm
California made another 4 million people eligible for the coronavirus vaccine on Wednesday, intensifying a competition among the state's biggest counties as they race to acquire enough doses to inoculate their populations while the state endures another surge in new cases and deaths.