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Financial - News Headlines

Asia Today: 1st vaccines reach arms in S. Korea, Hong Kong
| February 25th, 2021  11:15 PM
Asia Today: 1st vaccines reach arms in S. Korea, Hong Kong
South Korea administered its first available shots of coronavirus vaccines to people at long-term care facilities Friday, launching a mass immunization campaign that health authorities hope will restore some level of normalcy by the end of the year. The rollout of vaccines come at a critical time for the country, which has seen its hard-won…
Read Article
Asian shares sink after tech rout pulls Nasdaq 3.5% lower
Asian shares sink after tech rout pulls Nasdaq 3.5% lower
February 25th, 2021  10:59 PM

Asian shares have skidded after a rout in technology companies pulled the Nasdaq 3.5% lower in the steepest loss for the tech-heavy index since October

S. Korea injects first shots in public vaccination campaign
S. Korea injects first shots in public vaccination campaign
February 25th, 2021  10:21 PM

South Korea has administered its first available shots of coronavirus vaccines to people at long-term care facilities, launching a mass immunization campaign

Mike Pence, Elizabeth MacDonough
COVID-19 bill must drop minimum wage hike, arbiter decides
February 25th, 2021  9:57 PM

The Senate parliamentarian has dealt a potentially lethal blow to Democrats’ drive to hike the minimum wage, deciding that the cherished progressive goal must fall from a massive COVID-19 relief bill the party is trying to speed through Congress

Mr. Potato Head drops the mister, sort of
Mr. Potato Head drops the mister, sort of
February 25th, 2021  9:48 PM

Hasbro created confusion on Thursday when it removed the gender from its Mr. Potato Head brand, but not from the actual toy

Facebook signs pay deals with 3 Australian news publishers
Facebook signs pay deals with 3 Australian news publishers
February 25th, 2021  9:26 PM

Facebook has announced preliminary agreements with three Australian publishers, a day after the Parliament passed a law that would make the digital giants pay for news

The Latest: Governor extends Oregon's state of emergency
The Latest: Governor extends Oregon's state of emergency
February 25th, 2021  8:56 PM

Gov. Kate Brown has extended Oregon’s declaration of a state of emergency until May 2 as confirmed COVID-19 cases drop but hundreds of new cases continue to be reported daily

Government and politics news icon
Hong Kong kicks off COVID-19 vaccinations with Sinovac jab
February 25th, 2021  8:55 PM

Hong Kong began administering its first COVID-19 vaccines to the public, kicking off its program offering free vaccinations to all 7.5 million residents

Costco to raise starting hourly wage to $16; end hazard pay
Costco to raise starting hourly wage to $16; end hazard pay
February 25th, 2021  8:49 PM

Costco will increase its starting wage to $16 an hour, surpassing most of its main competitors at a time when efforts to raise the minimum wage are gaining traction in the U.S. Costco CEO  Craig Jelinek announced the increase Thursday at a Senate Budget Committee hearing, led by Sen. Bernie Sanders, to examine wages at major companies

Airbnb reports huge loss in first time out as public company
Airbnb reports huge loss in first time out as public company
February 25th, 2021  8:14 PM

In Airbnb's first financial report as a public company, the home-sharing site has posted a loss of $3.9 billion for the fourth quarter of 2020

Mike Pence, Elizabeth MacDonough
Parliamentarian: COVID-19 bill must lose minimum wage hike
February 25th, 2021  8:09 PM

The Senate parliamentarian has dealt a potentially lethal blow to Democrats’ drive to hike the minimum wage, deciding that the cherished progressive goal must fall from a massive COVID-19 relief bill the party is trying to speed through Congress

TikTok owner ByteDance to pay $92M in US privacy settlement
TikTok owner ByteDance to pay $92M in US privacy settlement
February 25th, 2021  7:58 PM

TikTok’s Chinese parent company ByteDance has agreed to pay $92 million to U.S. users who are part of a class-action lawsuit alleging that the video-sharing app collected their data in violation of a strict Illinois privacy law

Mike Pence, Elizabeth MacDonough
Parliamentarian: Minimum wage hike must be dropped from bill
February 25th, 2021  7:46 PM

The Senate parliamentarian has dealt a potentially lethal blow to Democrats’ drive to hike the minimum wage, deciding that the cherished progressive goal must fall from a massive COVID-19 relief bill the party is trying to speed through Congress

Legislature news icon
AP sources: Senate parliamentarian deals blow to Dems’ minimum wage hike, says it must be dropped from COVID-19 bill
February 25th, 2021  7:42 PM

AP sources: Senate parliamentarian deals blow to Dems’ minimum wage hike, says it must be dropped from COVID-19 bill

'Who is at fault?' Investigation into Texas blackout begins
'Who is at fault?' Investigation into Texas blackout begins
February 25th, 2021  7:40 PM

The head of a major Texas energy corporation says forced blackouts that left 4 million customers without electricity also unplugged plants that could have generated more power as the state’s grid was at the breaking point

The Latest: Brazils signs vaccine deal with Indian company
The Latest: Brazils signs vaccine deal with Indian company
February 25th, 2021  7:27 PM

On the same day Brazil reached the grim milestone of 250,000 deaths by COVID-19, the country’s health ministry signed a deal with Indian pharmaceutical company Bharat Biotech for the purchase of 20 million doses of the Covaxin vaccine, which is yet to be approved by local regulators

DoorDash's sales triple in Q4, but 2021 could see slowdown
DoorDash's sales triple in Q4, but 2021 could see slowdown
February 25th, 2021  7:07 PM

Meal delivery company DoorDash says its revenue more than tripled last year thanks to pandemic-driven demand

European court: governments must prove climate change effort
European court: governments must prove climate change effort
February 25th, 2021  7:07 PM

A top European court is forcing 33 governments to prove they are cutting emissions in line with the requirements of the 2015 Paris climate accord

Mitch McConnell
White House seems averse to Senate minimum wage power play
February 25th, 2021  7:05 PM

The White House is showing a reluctance to pursue a Senate procedural power play if that's what's needed to preserve Democrats’ bid to hike the minimum wage

Boeing will pay $6.6 million to settle FAA allegations
Boeing will pay $6.6 million to settle FAA allegations
February 25th, 2021  6:50 PM

Boeing is in more trouble with federal regulators

TIAA names Thasunda Brown Duckett as CEO
TIAA names Thasunda Brown Duckett as CEO
February 25th, 2021  6:49 PM

TIAA has named Thasunda Brown Duckett as its its new chief executive officer

US long-term mortgage rates rise; 30-year average at 2.97%
US long-term mortgage rates rise; 30-year average at 2.97%
February 25th, 2021  6:40 PM

U.S. long-term mortgage rates rose this week, but remain near historic lows

Law and order news icon
Feds: Scheme involved $15 million in government contracts
February 25th, 2021  6:29 PM

Federal prosecutors have accused a Louisiana man of helping steer $15 million in government contracts to a business he had a financial interest in

Nancy Pelosi
House votes to expand legal safeguards for LGBTQ people
February 25th, 2021  6:25 PM

The Democratic-led House passed a bill that would enshrine LGBTQ protections in the nation’s labor and civil rights laws

Biden directive expands jobless aid to more unemployed
Biden directive expands jobless aid to more unemployed
February 25th, 2021  6:22 PM

More Americans will soon be eligible for unemployment benefits under a directive issued by the Labor Department

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