Page 120 - United States

Fed expects to keep supporting economy 'for some time,' minutes show

The median Fed policymaker projection for economic growth in 2021 was increased from 4.2% as of December to 6.5%, which would if achieved be the fastest rate of expansion since 1984

Oil prices slip after surprise hefty build in US gasoline stocks

NEW YORK (Reuters) - Oil prices eased on Wednesday after U.S. gasoline inventories unexpectedly swelled, fanning fears that new coronavirus outbreaks will weaken the global recovery in fuel demand.

US Olympic swim trials to allow 50% capacity

The US Olympic swimming trials will allow about 50% capacity for the June competition in Omaha, Nebraska. A temporary pool will be installed at the CHI Health Center arena, which is to host the trials for the fourth straight time. The arena near downtown Omaha normally seats about 14,000 for swimming, but that will be cut in half to mitigate the potential spread of the coronavirus. Since more than 90% of tickets were sold for the trials in their original date in 2020, USA Swimming plans a complete refund. An entirely new sale will begin April 16. The governing body already took the unprecedented step of dividing the trials into two parts. Lower-ranked swimmers will compete June 4-7. The top finishers from that group advance to the second part June 13-20, which will feature the country's top-ranked swimmers and leading medal contenders for the Tokyo Games. USA Swimming split the meet to lessen the number of competitors and support personnel on the main pool desk and practice

US puts J&J in charge of plant that botched vaccine, removes AstraZeneca

US puts J&J in charge of plant that botched vaccine, removes AstraZeneca

US job growth accelerates in March; unemployment rate falls to 6.0%

Economists expect job growth will average at least 700,000 per month in the second and third quarters

Iran, world powers ready to welcome back US to nuclear deal

Iran and the major powers in the agreement to keep Tehran from developing nuclear weapons said Friday they are ready to welcome the return of the United States

US private sector adds 517,000 jobs in March on labour market recovery

Private companies slashed roughly 20 million jobs in March and April last year amid Covid-19 shutdowns

15 million doses of J&J coronavirus vaccine ruined in US by 'human error'

Errors at a manufacturing plant in the US has ruined 15 million potential doses of the Johnson & Johnson Covid-19 vaccine, The New York Times reported.

Oil prices mixed as US crude inventory draw supports, OPEC+ concerns weigh

NEW YORK (Reuters) - Oil prices were mixed on Wednesday, supported by a draw in U.S. crude inventories but pressured by concerns about the market's recovery after OPEC and its allies lowered their 2021 demand growth forecast.

Biden kicks off effort to reshape US economy with infrastructure package

He also aims to put corporate America on the hook for the tab, which is expected to grow to a combined $4 trillion once he rolls out the second part of his economic plan in April

Honda recalls more than 628,000 US vehicles to replace fuel pumps

The recall covers much of the Honda and Acura model lineup from the 2018 to 2020 model years including the CR-V small SUV, the company''s top-selling U.S. vehicle

A data-driven path to vaccine equity

The relative weightage of economic activities and mortality may be a serious issue, which the policymakers should decide and the model can be rebuilt based on the country's perspective

Sensex, Nifty jump over 2% to record highest increase in 2 months

Sensex leaps 1,128 points to reclaim 50,000, Nifty rises 338 points as it moves near 15,000-mark

BioNTech-Pfizer raise 2021 Covid-19 vaccine output goal to 2.5 bn doses

Pfizer previously said the partners would likely produce between 2.3 billion and 2.4 billion doses in 2021

Volkswagen confirms it will rebrand its US unit as 'Voltswagen'

The revised name takes effect in May and the announcement came after several outlets on Monday reported on a draft release mistakenly posted on the automaker's US website.

GameStop shakeup rolls on, hires Amazon executive as chief growth officer

The company's shares, which were at the heart of a Reddit-driven retail trading frenzy early this year, rose nearly 5% in pre-market trading

Apple to host developers event online again as Covid-19 cases surge

Apple said the event will be streamed for free again on its developer app or website

US home prices soared in January by most in seven years, says report

US home prices increased at the fastest pace in seven years in January as the pandemic has fueled demand for single-family houses even as the supply for such homes shrinks. The S&P CoreLogic Case-Shiller 20-city home price index, released Tuesday, rose 11.1 per cent in January from a year earlier. That's the biggest gain since March 2014. Prices rose in all 20 cities, and the 12-month increase was larger for all cities in January than in the previous month. January's data remain consistent with the view that COVID has encouraged potential buyers to move from urban apartments to suburban homes, said Craig Lazzara, Managing Director and Global Head of Index Investment Strategy at S&P DJI. It's not yet clear whether that trend will fade as the pandemic is brought under control, Lazzara said, or if there will be a permanent shift higher in demand. The biggest price gain was in Phoenix, where home prices jumped 15.8 per cent, followed by Seattle, with a 14.3 per cent gain, and San .

Nomura faces tough questions over global plans after US client loss

Nomura and other investment banks may lose more than $6 billion after lending to Archegos Capital, a US investment firm run by former Tiger Asia manager Bill Hwang

Biden targets big offshore wind energy expansion to fight climate change

(Reuters) - The administration of U.S. President Joe Biden said on Monday that it has set a goal to vastly expand the nation's offshore wind energy capacity in the coming decade by opening new areas to development, speeding environmental permitting, and boosting public financing for projects.