Business News

By Noel Randewich – Facebook owner Meta Platforms Inc’s quarterly earnings miss and poor forecast on Wednesday ignited a meltdown in social media stocks and threatened to smother a recent …

By Pete Schroeder WASHINGTON – Sarah Bloom Raskin, President Joe Biden’s pick to lead the Federal Reserve’s regulatory work, plans to tell lawmakers she does not believe the role includes …

Young women were five times less likely than young men to aspire toward STEM careers in 80 different countries, according to research and a report from the Institute for Family …

-Corteva Inc on Wednesday forecast 2022 sales above market expectations as the insecticide and seed maker benefited from strong demand and higher prices. U.S. farmers are pre-buying seeds and chemicals …

By Supantha Mukherjee and Dawn Chmielewski STOCKHOLM/LOS ANGELES -Spotify on Wednesday forecast current quarter subscribers lower than Wall Street expectations, but executives sought to reassure investors that growth had not …

By Julie Gordon and David Ljunggren OTTAWA -Bank of Canada Governor Tiff Macklem said on Wednesday there was uncertainty about how quickly inflation would come back down into the central …

(raw quotes from witnesses, victims and officials in a breaking news situation) – Facebook owner Meta Platforms Inc shares plunged 22% late on Wednesday after the social media company missed …

By Andrea Shalal WASHINGTON – After an earlier nominee for a top U.S. banking regulation post was torpedoed, White House officials are determined not to let it happen again and …

By Maiya Keidan and Svea Herbst-Bayliss TORONTO, BOSTON -Stock-picking hedge funds ended a volatile January with losses after markets went on a roller-coaster ride on geopolitical turmoil and the prospect …

By Ann Saphir and Howard Schneider – In the summer of 2005, Philip Jefferson spent several weeks learning from fellow Swarthmore College professor Amy Vollmer how to genetically engineer bacteria …

By Lewis Krauskopf and John McCrank NEW YORK – Alphabet Inc’s 20-for-1 stock split puts it on course to follow other major companies that have executed similar moves in recent …

By Tatiana Bautzer and Carolina Mandl SAO PAULO – Brazil’s economic downturn may represent an opportunity for Latin America’s newest listed lender to gain market share aggressively despite the riskier …

– MetLife Inc’s fourth-quarter profit rose nearly 7% to surpass Wall Street estimates on Wednesday, as strong investment gains cushioned the hit from higher pandemic-related claims in some parts of …

By David Shepardson WASHINGTON -The White House and Environmental Protection Agency on Wednesday urged the U.S. Postal Service (USPS) to reconsider its plan to buy a new multi-billion-dollar fleet of …

By Helen Coster and Dawn Chmielewski – CNN President Jeff Zucker, whom industry insiders speculated would play a larger role when the network becomes part of Discovery, resigned on Wednesday, …

By Gertrude Chavez-Dreyfuss NEW YORK – The dollar declined to a more than a one-week low on Wednesday after data showed a drop in U.S. private sector employment in January …

By David Shepardson WASHINGTON – U.S. labor unions and a consumer safety advocate on Wednesday urged the Biden administration to add more safeguards to ensure autonomous vehicles are safe before …

By David Gaffen NEW YORK – Oil prices edged up on Wednesday after OPEC+ stuck to planned moderate output increases despite pressure from top consumers to raise output more quickly. …

By David Shepardson and Patricia Zengerle WASHINGTON – The U.S. House of Representatives on Wednesday advanced a multibillion-dollar bill aimed at increasing American competitiveness with China and boosting U.S. semiconductor …

By Isla Binnie and Christoph Steitz MADRID/FRANKFURT -Struggling wind turbine maker Siemens Gamesa on Wednesday named a new chief executive for the second time in less than two years, more …

SAO PAULO – Volvo’s Brazilian unit announced on Wednesday that it will invest 1.5 billion reais ($283.36 million) in the country by 2025, after reporting record truck sales last year. …

From the Desk of Senator Joe Pennachio A recent Johns Hopkins University analysis found that COVID lockdowns have been virtually useless, and State Senator Joe Pennacchio said the new revelations are further …

MOSCOW -Russia will retaliate against Germany for banning the German-language service of Russian broadcaster RT, and the response will impact German media accredited in Russia and internet “intermediaries”, the foreign …

-American Airlines Group Inc said on Wednesday it has agreed to buy an additional 23 737 MAX 8 aircraft from Boeing Co by exercising existing purchase options and deferring the …

By Lucia Mutikani WASHINGTON – U.S. private payrolls fell for the first time in a year in January as soaring COVID-19 infections disrupted business operations, raising the risk of a …