Senate Democrats released an updated version of the $1.9 trillion stimulus plan on Thursday ahead of chamber voting by the end of the week, according to Bloomberg. The plan includes…
Mall owner Washington Prime Group shares fell as much as 63% as news emerged it is preparing a bankruptcy filing, reports Bloomberg. The filing comes after talks between the real…
The U.S Defense Department is weighing the $10-billion contract it awarded to Microsoft Corp. over a legal battle with rival Amazon, according to a report. The Pentagon could pull the…
Beijing said it would strengthen constitutional enforcement in Hong Kong on Friday to chart a post-pandemic course, according to SCMP. Here are the key highlights of the two sessions, which…
China set a modest annual economic growth target, at above 6% this year, below the consensus estimate of 8%, according to Reuters. The growth target is conservative and seeks to…
Fed Chair Jerome Powell prompted caution in the bond market on Thursday when he hinted at watching the recent run-up in yields, according to Bloomberg. Powell is concerned about disorderly…
Eurozone’s Construction Total Activity Index rose from 44.1 in January to 45.0 in February, according to IHS Markit press release. The index signaled a softer albeit a contraction in construction…
U.K Construction Total Activity Index rebounded in February from a slump to 49.2 in January to post a high of 53.3, according to IHS Markit press release. The index signaled…
OPEC+ will convene a videoconference from 1 p.m. London time to discuss the next phase of production policy, according to CNBC. The meeting comes when OPEC Secretary General Mohammed Barkindo…
The S&P 500 fell 1.3% to 3,819.72 as tech stocks took a hit on Wednesday despite the names tied to economic recovery providing some support. Nasdaq Composite shed 2.7% to…
Exxon Mobil Corp. has filed a lawsuit in an $11.7 million tussle with Australia’s Macquarie Energy in a Texas court over missed deliveries last month, according to Reuters. Exxon wants…
SpaceX’s Elon Musk is planning to build a new factory in Texas for the Starlink satellite network service, according to the company’s report. The factory will manufacture consumer-facing devices, including…