Yellen nomination sails through Senate panel; final vote set for Monday
WASHINGTON (Reuters) - The U.S. Senate Finance Committee on Friday unanimously approved Janet Yellen's nomination as the first woman Treasury secretary, indicating that she will easily win full Senate approval, but Republicans called for her to work with them in developing economic policies.
U.S. factory activity near 14-year high; home sales rise in December
WASHINGTON (Reuters) - U.S. manufacturing activity surged to its highest level in nearly 14 years in early January, but bottlenecks in the supply chain caused by the COVID-19 pandemic are driving up prices and signaling a rise in inflation in the months ahead.
Dow, S&P close lower as IBM, Intel weigh, coronavirus concerns rise
NEW YORK (Reuters) - The Dow and S&P 500 ended modestly lower on Friday, dragged down by losses in blue-chip technology stalwarts Intel and IBM following their quarterly results, as hopes for a full economic reopening in the coming months waned.
Even without Keystone XL, U.S. set for record Canadian oil imports
CALGARY/NEW YORK (Reuters) - The Keystone XL pipeline project may be dead, but the United States is still poised to pull in record imports of Canadian oil in coming years through other pipelines that are in the midst of expanding.
Biden, citing 'economic imperative,' orders faster relief checks, more food aid
WASHINGTON (Reuters) - U.S. President Joe Biden on Friday ordered the faster issuance of pandemic stimulus checks to needy families and increased food aid for children who normally rely on school meals, an effort to ease Americans' burdens while Congress negotiates over his proposed $1.9 trillion economic stimulus package.
Exclusive: Buyout firm TPG in lead for stake in AT&T's DirecTV - sources
(Reuters) - Private equity firm TPG has entered into exclusive talks to acquire a minority stake in AT&T Inc's satellite TV division, DirecTV, in a deal that would allow the U.S. wireless carrier to trim its net debt of close to $150 billion, people familiar with the matter said on Friday.
Chinese vaping firm RLX valued at nearly $35 billion in U.S. market debut
(Reuters) - American depositary shares of RLX Technology Inc jumped 86% in their U.S. stock market debut on Friday, giving the Chinese vaping firm a market capitalization of nearly $35 billion.
Exclusive: Brazil's Vale, state government $2 billion apart on disaster settlement, source says
RIO DE JANEIRO (Reuters) - Brazilian miner Vale SA and state authorities narrowed their gap in a potential settlement deal over the Brumadinho mining disaster to 11 billion reais ($2 billion) before talks fell apart, a person close to the negotiations told Reuters on Friday.
Tech shares could retake market reins as earnings heat up
NEW YORK (Reuters) - A bevy of major U.S. earnings reports next week led by Apple, Microsoft and Facebook could help technology and growth stocks reassert their dominance after a recent run by banks, energy and other potential beneficiaries of an economic reopening.
Morgan Stanley CEO's annual pay rises by over 20%
NEW YORK (Reuters) - Morgan Stanley Chief Executive James Gorman's annual pay rose by $6 million, or 22%, last year, according to a regulatory filing released on Friday.