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THE YouTube streamer known as Roaring Kitty, who helped drive a surge of interest in GameStop Corp, will testify before a House panel on Thursday alongside top hedge fund managers.
FRANKFURT: Chancellor Angela Merkel’s government is under increasing pressure to ease Germany’s coronavirus lockdown, with the ire coming from the heart of the country’s economy.
NEW YORK: M&T Bank Corp is set to acquire People’s United Financial Inc in an all-stock deal valued at more than US$7bil, according to a person familiar with the matter.
NEW YORK: Elliott Management Corp has built a position in Principal Financial Group Inc and plans to push for changes at the life insurance company, according to people familiar with the matter.
WASHINGTON: Federal Reserve Chair Jerome Powell, pushing back on suggestions that loose monetary policy risked unleashing inflation and financial risks in what may be an emerging economic boom, said the central bank would keep its attention focused on getting Americans back to work as a vaccine-related recovery proceeds.
NEW YORK: IonQ is in advanced talks to merge with DMY Technology Group Inc III, according to people with knowledge of the matter, creating one of the first public quantum-computing companies.
WASHINGTON: Between deep wounds to the labor market and weak inflation, Federal Reserve Chair Jerome Powell delivered a simple message to investors fixated on rising U.S. bond yields and price risks: watch the data, and don't expect any changes in monetary policy until the economy is clearly improving.
WASHINGTON The White House is losing hope that congressional Republicans will back U.S. President Joe Biden's US$1.9 trillion coronavirus aid bill despite a campaign-style push that has won support from business leaders, local government officials, unions and voters
LET 2021 be a time for new beginnings as it is all systems go for businesses in Batu Kawan, Penang as they push for growth this year.
NEW YORK: Global equities markets rose and the S&P 500 on Monday had its best day since June 5, with investors taking lower U.S. bond yields in stride on optimism over the US$1.9 trillion coronavirus relief bill and distribution of Johnson & Johnson's newly authorized COVID-19 vaccine.