Business News

The Latest: UN: Pandemic reduced migrants by 2M…

A new U.N. report estimates that the COVID-19 pandemic reduced the number of international migrants by 2 million by the middle of 2020 because of border closings and a halt to travel worldwide

EU regulator: Hackers 'manipulated' stolen…

The European Union’s drug regulator says that COVID-19 vaccine documents stolen from its servers by hackers have been not only leaked to the web, but “manipulated.”

US NTSB team arrives in Indonesia to look into jet crash

Indonesian officials say a team from the U.S. National Transportation Safety Board has arrived in Indonesia’s capital to join the investigation into the crash of a Sriwijaya Air Boeing 737-500

Oil giant Total withdraws from US energy lobbying group

French oil giant Total has decided to withdraw from energy association American Petroleum Institute because it disagrees on climate-related policies

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Bowl games look to future after weathering…

Nineteen of the 45 college football bowl games that were scheduled in December and January were canceled, including three after the participating teams were announced

Milan opens 1st fashion week with no VIP guests…

Italy’s fashion chamber is opening the first Milan Fashion Week that won't have VIPS populating runway front rows

Kansas City, Illinois sue ATF over arms manufacturer license

Kansas City and the state of Illinois are suing the U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives for granting a license to an arms manufacturer that had gone bankrupt after being sued last year

US industrial production jumps 1.6% in December

U.S. industrial production rose 1.6% in December, a third straight monthly gain, but remains below its pre-pandemic level

NY prosecutors interview Michael Cohen about…

New York prosecutors conducted an hourslong interview Thursday of Michael Cohen, President Donald Trump’s former attorney

Pfizer temporarily reduces European deliveries of…

U.S. pharmaceutical company Pfizer has confirmed it will temporarily reduce deliveries to Europe of its COVID-19 vaccine while it upgrades production capacity to 2 billion vaccine doses per year

How major US stock indexes fared Friday

Wall Street closed out its first losing week in three with another drop after reports showed the pandemic is deepening the hole for the economy, as Washington prepares to throw it another lifeline

Apaches object to Forest Service review of huge…

The U.S. Forest Service released an environmental impact statement Friday that paves the way for the creation of one of the largest copper mines in the United States

Wells Fargo, Exxon Mobil fall; Thermo Fisher, Axon rise

Stocks that moved heavily or traded substantially Friday: Wells Fargo, Exxon Mobil fall; Thermo Fisher, Axon rise

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December wholesale prices up 0.3% with sharp jump…

U.S. wholesale prices rose 0.3% in December led by a the biggest jump in energy costs since June

Closing prices for crude oil, gold and other commodities

Closing prices for crude oil, gold and other commodities, and foreign exchange levels

U.S. retail sales fell in December for 3rd…

Americans cut back on spending in December for the third-straight month as a surge in virus cases kept people away from stores during the critical holiday shopping season

Merkel's party opens convention to choose new leader

German Chancellor Angela Merkel’s center-right party is choosing a new leader this weekend

Citigroup 4Q profit down 7%, revenue drops by 10%

Banking conglomerate Citigroup said its fourth quarter profits fell by 7%, but like its competitor JPMorgan Chase, the bank saw improvement from the darkest days of the pandemic shutdowns

Federal report says pandemic hit seafood industry hard

A federal report says the coronavirus pandemic has taken away about a third of the commercial fishing industry’s revenue

Wells Fargo 4Q profit rose 4%, tops Street…

Wells Fargo had its best quarter of 2020 as its profit rose 4% in the fourth quarter of a year defined by the coronavirus outbreak

Ex-foreign correspondent reflects on risks for US…

There is increasing concern for the safety of journalists covering protests at state capitals across the U.S. and in Washington

UK toughens up borders over Brazil virus variant…

The U.K. is toughening up its entry requirements beyond its surprise decision to ban travel from South America and Portugal

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Polish small businesses consider lockdown dodges to survive

Fearing the loss of their livelihoods under the continuing lockdown some small business owners in Poland are planning to challenge the anti-COVID-19 restrictions and reopen their restaurants and tourist facilities, despite government warnings

JPMorgan's profits jump as economy, investment…

JPMorgan Chase & Co., the nation’s largest bank by assets, said its fourth quarter profits jumped by 42% from a year earlier, as the firm’s investment bank division had a stellar quarter and the bank’s balance sheet improved despite the pandemic

Biden's aid plan could revamp economy, prompt GOP…

The $1.9 trillion rescue plan unveiled by President-elect Joe Biden offers the chance to sculpt the U.S. economy toward the Democrats’ liking: a $15 minimum wage, aid to poor families and federal dollars going to public schools