Dire unemployment forecast demands 'immediate action' - White House advisers

03.02.2021, 19:51

WASHINGTON - Top White House economists pushed back on Wednesday against overly rosy interpretations of the Congressional Budget Office's economic forecasts, and called for immediate action to avert the risk of persistent and long-lasting U.S. unemployment.

New U.S. transportation chief optimistic about future of travel despite COVID-19

03.02.2021, 19:45

WASHINGTON - U.S. Transportation Secretary Pete Buttigieg said Wednesday he was "deeply optimistic" about the future of travel despite the devastating impacts of the COVID-19 pandemic on airlines, airports, transit systems and road use.

Global firms raise $546 billion in January as SPAC frenzy continues

03.02.2021, 19:38

Companies raised $546 billion from new bond and share issues in January, as a flood of central bank money-printing and recovering stock markets brought record numbers of new listings, SPAC deals and share sales, Refinitiv data showed on Wednesday.

Exclusive: Merck anti-baldness drug Propecia has long trail of suicide reports, records show

03.02.2021, 19:37

Newly unsealed court documents and other records show that Merck & Co and U.S. regulators knew about reports of suicidal behavior in men taking the company’s anti-baldness treatment Propecia when they decided not to warn consumers of those potential risks in a 2011 update of the popular drug’s label.

Ford's forecast in focus as it wraps up year with quarterly loss

03.02.2021, 19:31

Ford Motor (NYSE:F) Co's investors are likely to brush aside the company's quarterly loss on Thursday and focus on its 2021 forecast and production target for the revamped F-150 pickup truck, a consistent bestseller in the U.S. automobile market.