US Business

U.S. state regulator says GameStop trading could be 'systemically wrong' - Barron's

05h00 Top securities regulator in Massachusetts thinks trading in GameStop Corp stock, which skyrocketed for a fourth straight day, suggests there is something "systemically wrong" with the options trading surrounding the stock, Barron's reported on. . .  Full story

Corn hits 2-week high on China demand, Brazil rains support soybeans

04h42 Chicago corn futures rose to a two-week high on Wednesday as China's purchase of U.S. supplies of the grain hit the highest level since July, while slow harvesting in Brazil due to rains supported. . .  Full story

Southwest Airlines makes new voluntary leave offer to cut costs

04h17 Southwest Airlines Co said late on Tuesday it was offering employees another round of voluntary leave as its staffing levels remain high and the coronavirus outbreak crimps travel.. . .  Full story

COLUMN-U.S. gas market tightens despite mild winter: Kemp

03h00 U.S. natural gas inventories remain elevated, but the surplus to the five-year average has been shrinking, despite milder than normal weather this winter, signalling the market is tightening and prices are likely to rise in. . .  Full story

AMD sees strong 2021 on data center, gaming chips demand

02h47 Advanced Micro Devices on Tuesday beat quarterly revenue estimates and forecast robust 2021 sales on strong demand for its chips used in PCs, data centers and gaming consoles from companies and customers adapting to. . .  Full story

Biden administration aims to have enough vaccine for most Americans by summertime

02h13 The United States aims to acquire an additional 200 million doses of COVID-19 vaccines, President Joe Biden said on Tuesday, enough to inoculate most Americans by summertime, as he races to curb a pandemic. . .  Full story

Allstate to sell most of life insurance unit to Blackstone for $2.8 bln

01h34 Allstate Corporation said on Tuesday it had agreed to sell most of its life insurance business to entities managed by buyout firm Blackstone Group Inc for $2.8 billion.. . .  Full story

GameStop extends Reddit driven hyper-rally after Musk tweet

01h16 Amateur investors piled further into niche stocks on Tuesday, sending professional short sellers scrambling to cover losing bets, with GameStop skyrocketing for a fourth straight day, thanks in part to Elon Musk.. . .  Full story

Microsoft earnings rise as pandemic boosts cloud computing, Xbox sales

01h13 Microsoft Corp on Tuesday reported its Azure cloud computing services grew 50%, the second quarter of acceleration in a business that had begun to slow as the global pandemic benefited the software maker's investment. . .  Full story

Goldman Sachs CEO Solomon pays price of 1MDB scandal

01h12 Goldman Sachs Chief Executive David Solomon's annual pay fell by $10 million, or 36%, in 2020, according to regulatory disclosures filed Tuesday, reflecting the bank's role in Malaysia's 1MDB scandal.. . .  Full story

Investor Palihapitiya says he wants to be governor of California

00h59 Technology investor Chamath Palihapitiya, the early Facebook Inc executive and minority owner of the Golden State Warriors basketball team, threw his hat in the ring on Tuesday to replace Gavin Newsom as governor of California.. . .  Full story

Alan Mnuchin-backed SPAC in talks to take Sharecare public -sources

00h45 A blank-check acquisition firm backed by veteran investment banker Alan Mnuchin is in talks to merge with digital health startup Sharecare Inc and take it public, people familiar with the matter said on Tuesday.. . .  Full story

Apollo Global Management's shares surge on resignation of CEO Black

00h28 Apollo Global Management Inc shares surged more than 7% on Tuesday after the resignation of CEO Leon Black, which investors viewed as bolstering the private equity firm's fundraising efforts.. . .  Full story

U.S. yields flat to slightly lower on stimulus plan doubts

00h13 U.S. Treasury yields were mostly down in choppy trading on Tuesday, after earlier hitting three-week lows on the long end of the curve, as investors remained cautious about the size of a proposed U.S.. . .  Full story

Volkswagen asks U.S. Supreme Court to reverse ruling on local emissions claims

26/01 Volkswagen AG and a German auto supplier on Tuesday asked the U.S. Supreme Court to reverse a lower-court ruling that said two counties could seek financial penalties over excess diesel emissions that could total billions. . .  Full story

-GameStop closes up 92.7%, extending Wall Street's retail frenzy

26/01 Individual investors continued to pile into niche stock market plays on Tuesday, causing a scramble by short-seller funds to cover losing bets, with companies like GameStop skyrocketing for the fourth straight day even as. . .  Full story

Biden administration to purchase millions more vaccine doses to curb virus

26/01 The Biden administration will purchase 200 million more coronavirus vaccines and funnel more to states now, in a bid to deliver on the U.S. president's promise to curb the pandemic, a senior administration official said. . .  Full story

AMD sees full-year, current-quarter revenue above estimates

26/01 Advanced Micro Devices forecast current-quarter and full-year revenue above analysts' estimates as a coronavirus-led shift to working and playing from home drives demand for its chips used in PCs, data centers and gaming consoles.. . .  Full story

S&P, Nasdaq slip from record levels as earnings season gains speed

26/01 The S&P and Nasdaq slipped on Tuesday from record closing levels as investors digested a batch of corporate earnings results, while an expected policy announcement from the Federal Reserve on Wednesday helped to limit moves.. . .  Full story

Venezuela crude stocks drop as exports pick up despite sanctions

26/01 Venezuelan state oil company PDVSA's inventories of its main export crude grade dipped this week to their lowest levels since late November, internal company documents seen by Reuters showed.. . .  Full story

White House says Biden believes Nord Stream 2 pipeline is 'bad deal' for Europe

26/01 President Joe Biden believes the Nord Stream 2 natural gas pipeline is a "bad deal for Europe" and his administration will be reviewing restrictions on the project included in a bill that passed during. . .  Full story

Latest on worldwide spread of the coronavirus

26/01 The United Kingdom's COVID-19 death toll passed 100,000 on Tuesday, while delivery cuts and delays in roll-outs of vaccines prompted Europe to urge pharmaceutical companies to honour their commitments as talk of protectionism and hoarding. . .  Full story

IMF lifts global growth forecast for 2021, still sees 'exceptional uncertainty'

26/01 The International Monetary Fund on Tuesday raised its forecast for global economic growth in 2021 and said the coronavirus-triggered downturn last year - the biggest peacetime contraction since the Great Depression - would be nearly. . .  Full story

GE's strong cash flow, upbeat outlook signal turnaround gathering steam

26/01 General Electric Co on Tuesday offered an upbeat outlook for its business this year after reporting a surge in quarterly free cash flow, showing Chief Executive Larry Culp's turnaround plan is gaining traction.. . .  Full story

NextEra doubles down on renewables as energy transition gathers steam

26/01 NextEra Energy Inc, the world's largest producer of wind and solar energy, said on Tuesday it would invest more in renewable power generation, hoping to make the most of a global transition from dirty. . .  Full story

Widespread internet outage hits U.S. East Coast

26/01 Thousands of users across the U.S. East Coast faced widespread internet outage from providers including Verizon Communications Inc on Tuesday, disrupting services offered by Google, Amazon, Zoom, Slack and other tech firms.. . .  Full story

Corn soars 4% on fresh sales to China; soy, wheat also climb

26/01 U.S. corn futures surged 4% on Tuesday as news of fresh export sales to China re-ignited concerns about tightening U.S. and global grain supplies, analysts said.. . .  Full story

U.S. yields mixed as caution on stimulus package persists

26/01 U.S. Treasury yields were narrowly mixed in choppy trading on Tuesday, after hitting three-week lows on the long end of the curve, as investors remained cautious about the size of a proposed U.S. stimulus package. . .  Full story

U.N. report accuses Yemen government of money-laundering, Houthis of taking state revenue

26/01 Independent U.N. sanctions monitors accused Yemen's government, in a report seen by Reuters on Tuesday, of money-laundering and corruption "that adversely affected access to adequate food supplies" and said the Houthi group collected at least. . .  Full story

Tesla's report could trigger $7 billion payout to Musk

26/01 Tesla's quarterly report on Wednesday could trigger a $7 billion options payout to Chief Executive Elon Musk, while owners of the electric car maker's soaring stock are keen to hear the company's target for. . .  Full story

Biden stimulus plan could boost U.S. output by 5% over three years -IMF

26/01 U.S. President Joe Biden's proposed $1.9 trillion economic stimulus package could boost U.S. economic output by 5% over the next three years, the chief economist of the International Monetary Fund said on Tuesday, citing preliminary. . .  Full story

Retail trading frenzy sparks jitters for noted GameStop short-seller

26/01 Short-seller Andrew Left does not usually smoke. But on Monday he had a cigarette to calm his nerves as shares of GameStop Corp, the stock he had shorted, continued to rocket higher.. . .  Full story

AmEx sees consumer travel recovery after lower spending hits profit

26/01 American Express Co said on Tuesday it expects an uptick in holiday travel this summer, but not business travel, as it seeks to recover from a year which dented airline traffic and hotel bookings,. . .  Full story

U.S. consumer confidence edges higher; house prices accelerate

26/01 U.S. consumer confidence rose moderately in January while lingering concerns about the COVID-19 pandemic led to a further deterioration in households' perceptions of the labor market, raising the risk of a second straight month of. . .  Full story

Kimmeridge launches proxy fight for seats on Ovintiv board

26/01 Kimmeridge Energy Management Co on Tuesday launched a proxy fight against Ovintiv Inc to win three seats on the oil producer's board.. . .  Full story

Italy's Enel joins race for U.S. utility PPL's British unit - sources

26/01 Europe's biggest utility Enel is considering joining the race for British power utility Western Power Distribution (WPD), as part of a consortium advised by investment bank Rothschild, two sources close to the matter said.. . .  Full story

Morgan Stanley, Goldman lead bonus jump for bankers in Asia - Bloomberg News

26/01 Morgan Stanley and Goldman Sachs Group Inc's investment bankers are getting the biggest bonus bumps among peers in Asia, Bloomberg News reported on Tuesday, citing people familiar with the matter.. . .  Full story

Ivorian cocoa traders seek to end multinationals' dominance of exports

26/01 Ivory Coast's domestic cocoa traders association GNI has called for the regulator in the world's top bean producer to introduce reforms that would end the dominance of six multinationals in handling the West African country's. . .  Full story

China bought 'roughly 200 mln gallons' of U.S. ethanol for H1 2021 - ADM

26/01 China has bought "roughly 200 million gallons" of U.S. ethanol for the first half of 2021, matching its previous record for annual imports of the corn-based biofuel, Archer Daniels Midland Co CFO Ray Young said. . .  Full story

Freeport sees rising copper demand boosting 2021 results

26/01 Freeport McMoRan Inc posted a quarterly profit on Tuesday that narrowly beat analysts' estimates on rising production and prices for copper and gold, with executives forecasting continued growth for 2021.. . .  Full story

Lenders take control of Polarcus assets after default, shares plunge

26/01 Lenders took control of Polarcus's ships on Tuesday after the seismic surveyor defaulted on its bank loans and bonds, hit by a drop in spending by energy companies struggling with the COVID-19 pandemic and. . .  Full story

Enterprise Products Partners exported record volumes of NGLs in December

26/01 Enterprise Products Partners LP exported a record of about 27 million barrels of natural gas liquids in December, co-Chief Executive Officer Jim Teague said during an industry conference on Tuesday.. . .  Full story

Biden administration to suspend oil and gas leases on U.S. federal land - sources

26/01 The Biden administration is expected to announce a suspension of new oil and gas leases on U.S. federal lands on Wednesday, and to order that 30% of federal land and waters is conserved, three. . .  Full story

U.S. gas market tightens despite mild winter: Kemp

26/01 U.S. natural gas inventories remain elevated, but the surplus to the five-year average has been shrinking, despite milder than normal weather this winter, signalling the market is tightening and prices are likely to rise in. . .  Full story

Studying Biden's "Buy America" order, EU says it stands for open competition

26/01 The European Union is assessing U.S. President Joe Biden's "Buy American" executive order but wants more open procurement markets globally, EU Trade Commissioner Valdis Dombrovskis said on Tuesday.. . .  Full story

ADM quarterly profit jumps 36% on strong exports, soy crush margins

26/01 U.S. agribusiness Archer Daniels Midland Co reported a 36% jump in fourth-quarter profit on Tuesday on strong soy processing margins and solid exports, particularly to China.. . .  Full story

Homebuilder Horton lifts 2021 sales view as low rates, pandemic drive demand

26/01 D.R. Horton Inc raised its 2021 home sales forecast on Tuesday, as historically low mortgage rates and a pandemic-driven shift towards suburban living continue to whet homebuyer appetite.. . .  Full story

TSX falls as materials drag, stimulus concerns weigh

26/01 Canada's main stock index fell on Tuesday, dragged by weakness in the materials sector, while concerns about potential roadblocks to U.S. stimulus weighed on investor sentiment.. . .  Full story

Iran's oil exports rise in January despite sanctions - trackers

26/01 Iranian oil exports are climbing in January after a boost in the fourth quarter despite U.S. sanctions, three assessments showed, in a sign that the end of Donald Trump's term as U.S. President may. . .  Full story

Sovereign wealth, public pension giants caught up in U.S.-China tech fight

26/01 Some of the world's biggest sovereign wealth funds and public pension funds are getting caught in the escalating tensions over technology between the United States and China, a Reuters analysis of their filings data and. . .  Full story

U.S. consumer confidence increases slightly in January

26/01 U.S. consumer confidence rose moderately in January amid lingering concerns about the COVID-19 pandemic.. . .  Full story

Saudi Aramco may sell more shares if market is right -PIF

26/01 Saudi Aramco may consider selling more shares if market conditions are right, the head of Saudi Arabia's sovereign wealth fund told a news briefing on Tuesday.. . .  Full story

IEA launches global group to tackle fallout from energy transition

26/01 The International Energy Agency (IEA) is launching a global commission to address the impact on employment and society from the transition to renewable energy from fossil fuels, it said on Tuesday.. . .  Full story

Raytheon posts better-than-expected profit and sales, shares jump

26/01 U.S. aerospace manufacturer Raytheon Technologies Corp reported better than expected quarterly profit and sales Tuesday but forecast lower than expected 2021 revenue amid a slow global economic environment triggered by disruptions from the COVID-19. . .  Full story

BlackRock's Fink warns companies they need to show a net-zero plan

26/01 Larry Fink, chief executive of the world's biggest asset manager BlackRock , warned the companies it invests in on Tuesday they will need to show a game plan for surviving in a world aiming. . .  Full story

Fund run by Australian pension investors seeks stake in Spain's Naturgy

26/01 Investment fund IFM Global Infrastructure Fund offered on Tuesday to buy a 22.7% stake in Spain's Naturgy for 5.06 billion euros ($6.13 billion), sending the power group's shares soaring 16% to lead gainers on Madrid's. . .  Full story

British PM Johnson to hold news conference at 1700 GMT

26/01 British Prime Minister Boris Johnson will hold a news conference at 1700 GMT on Tuesday alongside England's chief medical officer, Chris Whitty, and Simon Stevens, the chief executive of NHS (National Health Service) England. (Reporting by. . .  Full story

3M profit beats on higher demand for personal safety, home care products

26/01 3M Co, which makes N95 face masks, reported a better-than-expected quarterly profit on Tuesday, helped by lower costs and higher demand for its personal safety products and home care items such as Scotch-Brite during the. . .  Full story

CME Group to launch global emission offset futures contract on March 1

26/01 U.S. exchange operator CME Group will launch a global emissions offset futures contract on March 1 to help establish a global price for carbon credits, it said on Tuesday.. . .  Full story

Germany's new onshore wind installations grew 46% in 2020, but pace still too slow - industry

26/01 Germany boosted installations of onshore wind turbines by 46% last year, but the government must do more to speed up a wider roll-out of new capacity to help decarbonise the energy system, industry groups. . .  Full story

German auto industry to recover slowly in second half after pandemic hit - VDA

26/01 Germany's auto industry association said on Tuesday it was optimistic for a recovery in the second half of the year after being impacted by the coronavirus pandemic, but warned the industry's problems were complicated.. . .  Full story

Who's a good doggy? Martha Stewart launches cannabis pet products

26/01 Lifestyle guru Martha Stewart on Tuesday launched a line of cannabis-infused oil drops and soft-baked chews for dogs, months after the successful release of her cannabidiol (CBD) gummie treats for humans hit shelves in. . .  Full story

Germany backs EU export restrictions on vaccine after supply cuts

26/01 Germany's health minister supported European Union proposals to introduce restrictions on COVID-19 vaccines on Tuesday as tensions grew with AstraZeneca and Pfizer over sudden supply cuts just a month after the bloc started vaccinating citizens.. . .  Full story

Asia Distillates-Jet fuel cracks linger close to multi-week lows

26/01 Asian refining margins for jet fuel rose on Tuesday, but remained near a multi-week low touched in the previous session, as airlines are forced to keep a majority of international flights grounded amid. . .  Full story

Sweden's EQT to buy real estate investment firm Exeter for $1.87 bln

26/01 Sweden's EQT said on Tuesday it had signed a deal to buy global real estate investment manager Exeter Property Group for $1.87 billion as the buyout group reported an almost doubling in net profit. . .  Full story

Indonesia escorts seized Iran, Panama-flagged tankers to dock for investigation

26/01 The Iranian and Panamanian-flagged vessels seized by Indonesian authorities for suspected illegal oil transfers are making their way to dock at Batam island in the country's Riau Islands Province for further investigation, a Indonesia coast. . .  Full story

MSCI to remove 5 Chinese firms from global index based on Trump order

26/01 MSCI Inc said it will remove five Chinese companies from its flagship global equity index as of the end of Jan. 27 in the absence of an update on a Trump administration order banning. . .  Full story

Japan shares end lower on vaccine delay, caution ahead of earnings season

26/01 Japanese shares closed lower on Tuesday as worries about delays in distributing coronavirus vaccines, delay in U.S. stimulus package and jitters before earnings season triggered profit-taking.. . .  Full story

- U.S.-China investments dwarf official figures -study

26/01 Total investments between the United States and China are much bigger than official figures reflect, a report released on Tuesday found, underscoring the challenge facing U.S. President Joe Biden's foreign policy team at a cold. . .  Full story

Taiwan economy seen growing 3.61% in fourth quarter on boost from exports

26/01 Taiwan's economy is expected to have expanded 3.61% year-on-year in the fourth quarter, a Reuters poll showed, as the export-dependent island continued to shake off the coronavirus jolt with a return of strong shipments. . .  Full story

Top executives quit Brazil's Petrobras, Eletrobras as privatization doubts grow

26/01 Two of Brazil's top executives overseeing privatization efforts at state-run oil and electricity companies Petrobras and Eletrobras stepped down on Monday, raising questions about the future of President Jair Bolsonaro's asset sale program.. . .  Full story

Japan stocks slip on vaccine worries, profit-taking ahead of earnings

26/01 Japanese shares fell on Tuesday, as worries about delays in distributing coronavirus vaccines and as jitters before earnings season triggered profit-taking in stocks that are sensitive to the economic cycle.. . .  Full story

U.S. Senate votes overwhelmingly to confirm Yellen as first female Treasury chief

26/01 Janet Yellen won overwhelming Senate confirmation as the first woman to lead the U.S. Treasury on Monday, setting her quickly to work with Congress on coronavirus relief, reviewing U.S. sanctions policy and strengthening financial regulation.. . .  Full story

'Together we are stronger' - Germany bets on better U.S. ties under Biden

26/01 German Chancellor Angela Merkel and U.S. President Joe Biden agreed in a phone call on Monday that the COVID-19 pandemic and other global challenges could only be tackled through closer cooperation, a government spokesman in. . .  Full story

Germany's Scholz congratulates Yellen, wants to tackle digital tax

26/01 German Finance Minister Olaf Scholz on Tuesday welcomed the U.S. Senate confirmation of Janet Yellen as first woman Treasury secretary, voicing hope that she could bring progress in reaching an international agreement on digital taxation.. . .  Full story

19 vaccine developer CureVac plans 5 million share sale

26/01 German biotech firm CureVac plans to sell 5 million shares in a secondary offering, the company said on Monday, as it starts late-stage trials of its COVID-19 vaccine candidate.. . .  Full story

Lazard-backed SPAC aims to raise $500 mln in IPO

26/01 A blank-check firm backed by investment bank Lazard Ltd is aiming to raise $500 million in a U.S. initial public offering (IPO), a regulatory filing showed on Monday.. . .  Full story

GameStop shares soar on short squeeze, then ease in wild trade session

26/01 Shares of U.S. videogame retailer GameStop skyrocketed by 144% on Monday as short sellers scrambled to cover their positions in the stock, which then pared gains in a roller coaster session that featured nine trading. . .  Full story

Biden vows to replace U.S. government fleet with electric vehicles

26/01 President Joe Biden on Monday vowed to replace the U.S. government's fleet of roughly 650,000 vehicles with electric models as the new administration shifts its focus toward clean-energy.. . .  Full story

Biden signs 'Buy American' order, pledges to renew U.S. manufacturing

26/01 President Joe Biden vowed on Monday to leverage the purchasing power of the U.S. government, the world's biggest single buyer of goods and services, to strengthen domestic manufacturing and create markets for new technologies.. . .  Full story

Citadel, Point72 to invest $2.75 bln in hedge fund Melvin Capital

26/01 Melvin Capital Management said on Monday it would receive an investment of $2.75 billion from Citadel, the Chicago-based hedge fund led by Ken Griffin, and billionaire investor Steven A. Cohen's Point72 Asset Management.. . .  Full story

Red Sox parent ends deal talks with Billy Beane's SPAC - Axios

25/01 The parent company of the Boston Red Sox has ended talks to sell a minority stake to RedBall Acquisition Corp, a blank-check firm co-chaired by baseball executive Billy Beane, news website Axios reported on. . .  Full story

Schumer sees next big U.S. COVID-19 relief bill passing in 4-6 weeks

25/01 The U.S. Senate is aiming to approve some coronavirus relief before former President Donald Trump's impeachment trial begins in early February, but Democratic Majority Leader Chuck Schumer warned a comprehensive deal may be four to. . .  Full story

IMF sees Turkey growing at 6% in 2021, says targeted stimulus needed

25/01 Turkey's economy will grow by about 6% in 2021, before settling back to a growth rate of about 3.5% annually from 2022, International Monetary Fund staff said on Monday, but they urged Ankara. . .  Full story

U.S. Fed taps official to lead new climate change team

25/01 The U.S. Federal Reserve is tapping a senior official to lead a new team focused specifically on financial risks posed by climate change, the central bank announced Monday.. . .  Full story

Apollo Global CEO Leon Black to retire

25/01 Apollo Global Management Inc said on Monday Chief Executive Officer Leon Black will retire from the role on or before July 31.. . .  Full story

Stimulus jitters dent Wall St's early gains; Nasdaq, S&P at records

25/01 Major U.S. averages on Monday closed off their best levels of the day, although the S&P and Nasdaq still finished at record levels, as concerns over the timing and scope of fiscal stimulus dented. . .  Full story

Vimeo raises $300 million equity, valuation hits $6 bln

25/01 IAC/InterActiveCorp said on Monday its online video platform, Vimeo, has raised $300 million in equity funding, just a month after the parent company approved a plan to spin off the unit.. . .  Full story

Smart-lock maker Latch going public in $1.6 bln Tishman Speyer-backed deal

25/01 Smart-lock maker Latch Inc said on Monday it has agreed to go public through a merger with TS Innovation Acquisitions Corp, a blank-check acquisition company backed by U.S. property developer Tishman Speyer, in a. . .  Full story

Investor payouts and job cuts jar with U.S. companies' social pledge

25/01 When Randall Stephenson joined 180 of his peers leading many of the richest U.S. companies in signing the Business Roundtable pledge on the "purpose of a corporation" in August 2019, the then-chief of AT&T. . .  Full story

BlackBerry says unaware of reason for stock price surge

25/01 Canada's BlackBerry Ltd said it was unaware of any reasons for a surge in its share price on Monday that lifted gains to more than 150% since the start of January.. . .  Full story

Biden to approach U.S.-China relations with 'patience'

25/01 The United States is in a serious competition with China, and President Joe Biden wants to approach relations with Beijing with "patience," White House spokeswoman Jen Psaki said on Monday.. . .  Full story

U.S. to 'make good' on climate finance pledges, Kerry tells leaders

25/01 The United States will "make good" on financial commitments to developing countries struggling with climate change, top U.S. climate envoy John Kerry told a summit of world leaders on Monday.. . .  Full story

Trump-supporting Newsmax partners with conservative political group for new cable show

25/01 Cable TV network Newsmax, promoted by former President Donald Trump while in office, is partnering with the conservative political nonprofit group FreedomWorks on a Sunday morning show, according to the two organizations.. . .  Full story

U.S. business borrowing for equipment falls 6% in December - ELFA

25/01 U.S. companies' borrowings for capital investments fell about 6% in December from a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Monday.. . .  Full story

Biden to push elusive 'Buy American' goal with new federal contract guidelines

25/01 President Joe Biden will take steps on Monday to harness the purchasing power of the U.S. government, the world's biggest single buyer of goods and services, to strengthen domestic manufacturing and create markets for new. . .  Full story

Corn, soy up on bargain-buying after Friday’s slump; wheat also climbs

25/01 U.S. corn and soybean futures rallied on Monday as commercial and technical buyers stepped in to take advantage of Friday's steep declines, analysts said.. . .  Full story

U.S. yields tumble, curve flattens on nagging virus worries

25/01 U.S. Treasury prices rose, pushing long-dated yields to three-week lows on Monday, as risk appetite ebbed amid persistent worries about surging virus cases and their potential for prolonged lockdowns that could further weigh on economic. . .  Full story

Chip industry group urges Biden admin to review export controls on China

25/01 A semiconductor industry group on Monday called for a review of the Trump administration's export control policy, and urged the incoming U.S. Commerce Secretary to work with allies when curbing sales of U.S. technology. . .  Full story

Goldman Sachs-backed ON24 seeks $2.22 bln valuation in IPO

25/01 Goldman Sachs Group Inc-backed webinar marketing platform ON24 Inc is aiming for a valuation of about $2.22 billion in its initial public offering (IPO), as it looks to cash in on continued investor appetite. . .  Full story