Friday, 29th, 2024 | 6:02AM Updated

Jessica Rosenworcel testifies during an oversight hearing held by the U.S. Senate Commerce, Science, and Transportation Committee
Five Chinese companies pose threat to U.S. national security: FCC

The Federal Communications Commission (FCC) on Friday designated five Chinese companies as posing a threat to national security under a 2019 law aimed at protecting U.S. communications networks.

A pharmacist holds a bottle OxyContin made by Purdue Pharma at a pharmacy in Provo, Utah, U.S.,
Sacklers boost opioid settlement offer to $4.3 billion: sources

Members of the Sackler family who own Purdue Pharma LP have offered roughly $4.3 billion to resolve sprawling opioid litigation, up from $3 billion initially proposed in settlement discussions underway in the OxyContin maker's bankruptcy proceedings, four people familiar with the matter said.

An Eli Lilly and Company pharmaceutical manufacturing plant is pictured at 50 ImClone Drive in Branchburg, New Jersey,
Special Report: Insider alleges Eli Lilly blocked her efforts to sound alarms about U.S. drug factory

On a chilly spring morning in 2019, Amrit Mula arrived in her office at pharmaceutical giant Eli Lilly and Co's factory in Branchburg, New Jersey, to find a desk drawer open that she had kept locked. Her files were missing.

A GameStop store is pictured in the Manhattan borough of New York City, New York,
GameStop ends up 7.3% after wild swings, other 'meme stocks' soar

GameStop ended 7.3% higher on Wednesday after wild gyrations in the resurgent rally that has vaulted shares of the video game retailer and other so-called meme stocks closer to the peaks of late January.

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A Boeing 737 MAX airplane lands after a test flight at Boeing Field in Seattle, Washington, U.S.
Exclusive: U.S. selects compensation Feinberg firm to oversee Boeing 737 MAX victim fund

Prominent attorneys Kenneth Feinberg and Camille Biros have been named to oversee a $500 million victim compensation fund for the relatives of 346 people killed in two fatal Boeing 737 MAX crashes, a spokeswoman for Feinberg confirmed on Wednesday, the second anniversary of the second crash.

Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders
Warren Buffett's net worth reaches $100 billion

Warren Buffett's fortune reached $100 billion on Wednesday, as investors drove the stock price for his company Berkshire Hathaway Inc to a record level.

Aengus Kelly, CEO and Executive Director of AerCap attends the 2016 International Air Transport
Hard lessons help AerCap boss Kelly rebuild air finance titan

When Irishman Aengus Kelly got his first job in aircraft leasing in 1996 it was with a firm so down on its luck the American giant General Electric had an option to buy it for one dollar.

The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S.,
Global stocks rally as yields step back

A gauge of global stocks headed for its biggest one-day percentage climb in a week on Tuesday as a fall in U.S. Treasury yields eased concerns the economic recovery could overheat and lead to stronger-than-expected inflation.

A view of the exterior of the Nasdaq market site in the Manhattan borough of New York City, U.S.,
Nasdaq hits correction, Dow advances as stimulus bill nears finish line

Technology-related shares sold off on Monday in a big downturn that pushed the Nasdaq into a correction and offset stocks that rose on hopes the $1.9 trillion COVID-19 relief bill will spur the U.S. economic recovery.

The Fearless Girl statue is seen outside the New York Stock Exchange (NYSE) in New York, U.S.,
Fueled by tech, Wall Street rebounds at end of volatile week

Wall Street ended sharply higher after a volatile session on Friday, with the Nasdaq rebounding at the end of a week that saw it extend losses to about 10% from its previous record high.

U.S. one dollar banknotes are seen in front of displayed stock graph in this illustration taken
Dollar jumps as U.S. jobs growth beats expectations

The dollar jumped on Friday after data showed jobs growth beat expectations in February, backing up the view of Federal Reserve officials who have said that a recent rise in U.S. government bond yields is justified by an improving economic outlook.

 Traders look on as a screen shows Federal Reserve Chairman Jerome Powell's news conference
Wall Street slumps on Fed remarks, bond scare

Wall Street slumped on Thursday and global stock markets declined after U.S. Federal Reserve Chair Jerome Powell repeated his pledge to keep credit flowing until Americans are back to work, rebutting investors who have openly doubted he can stick to that promise once the pandemic passes.

The U.S. Capitol Building is reflected against an ambulance along the East Front on Capitol Hill in Washington, U.S
Senate delays debate on Biden's $1.9 trillion COVID-19 bill while it is read aloud

The U.S. Senate voted on Thursday to take up President Joe Biden's $1.9 trillion coronavirus aid bill, but put off the start of a contentious debate until the full text of the 628-page bill is read aloud.

IMF Managing Director Kristalina Georgieva speaks at a news conference ahead of the World Economic Forum (WEF) in Davos, Switzerland
Big economies agree to boost IMF funding, Georgieva says

G20 major economies have agreed to raise International Monetary Fund reserves with a new allocation of the fund's own special drawing rights (SDRs) currency, the IMF's head said on Tuesday, in a potential boost for lending to poor countries.

A banner celebrating Rocket Companies Inc., the parent company of U.S. mortgage lender Quicken Loans, IPO is seen on the front facade of the New York Stock Exchange (NYSE) in New York City, U.S.
Rocket Companies shares soar more than 70%, hurting short sellers

Shares in heavily-shorted mortgage provider Rocket Companies surged on Tuesday and were set for their third straight day of gains as the stock drew interest on Twitter and Reddit’s popular WallStreetBets.

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