Canada and the US are getting close to resolving a dispute over a program that allows swift passage for travelers through airports and border crossings, according to government officials with knowledge of the matter.
The dollar plunged by the most in more than three weeks as US data prompted some traders to bet on smaller Federal Reserve interest-rate hikes ahead.
(Bloomberg) — US short-term yields slumped Friday as slower-than-anticipated wage growth and an unexpectedly weak services-sector indicator prompted traders to trim expectations for just how high the Federal Reserve might push its overnight benchmark.
(Bloomberg) — Party City Holdco Inc. is laying the groundwork for a bankruptcy filing within weeks that may end with creditors taking ownership of the retailer, according to people with knowledge of the situation.
(Bloomberg) — Tesla Inc. shares kicked off the new year on an ominous note, buckling this week under renewed concerns about weakening demand for its electric cars, and sending its market value briefly below Facebook parent Meta Platforms Inc.’s for the first time in over a year.
(Bloomberg) — Costco Wholesale Corp. surged the most since March 2020 after improving December sales soothed investor concerns about a slowdown in November.
China has rebuffed repeated US offers to share advanced vaccines as Beijing battles a fast-spreading wave of Covid-19, a rejection that’s led to growing frustration among American officials concerned about a resurgence of the pandemic.
A pattern has persisted in stocks the past year. A downdraft steepens, sellers get the selling out of their systems, and the market is left poised for an often-powerful jump.
Leaders of the American Economic Association, economics’ largest professional organization, vowed to step up efforts to curb harassment of women and minorities after fresh complaints reignited criticism of the profession in the past year.
Republicans risk long-term damage to their prospects for retaking the White House in 2024 after Republican lawmakers failed over many days to carry out the typically uneventful process of choosing a House speaker.
