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  1. Business
Washington (CNN Business)Commerce Secretary Gina Raimondo is concerned the Omicron coronavirus variant will exacerbate pressure on the already stressed-out global supply chain."It's way too soon to tell. But I do worry, because we know people are afraid to go to work," Raimondo told CNN during an interview at her Washington office. Raimondo pointed to the…
  1. Business
(CNN)Advisers to the US Food and Drug Administration voted 13-10 Tuesday to recommend emergency use authorization of a pill made by Merck and Ridgeback Biotherapeutics to help treat Covid-19.Members of the FDA's Antimicrobial Drugs Advisory Committee were split in their vote to recommend molnupiravir, which can reduce the relative risk someone will progress to severe…
  1. Business
A 3D printed oil pump jack is seen in front of displayed stock graph and Opec logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/IllustrationRegister now for FREE unlimited access to reuters.comPolicy to be decided by OPEC+ on ThursdayOil prices have tumbled from October's three-year highsOmicron, U.S. reserve release to guide OPEC's decisionWashington put…
  1. Politics and Government
The U.S. authorities on Wednesday teetered one step closer to a skill weekend shutdown, as a assortment of Republicans seized on a like a flash-drawing reach fiscal closing date to mount new opposition to President Biden’s vaccine and testing mandates. Entering the week, Democrats and loads Republicans first and famous had hoped to fund the […]
  1. Business
Toys R Us is welcoming a new generation of kids with its new flagship store at American Dream mall.Macy's and Toys R Us are teaming up to open 400 toy shops inside Macy's stores starting in 2022.The new Toys R Us flagship is set to open in mid-December in time for last-minute holiday shoppers.Shoppers of…
  1. Business
Another year of grappling with coronavirus has led to significant tax law changes for the 2021 season.While year-end tax planning is always important, recent adjustments — and the possibility of more on the horizon — may offer unique benefits along with potential pitfalls.Here are some of the biggest changes for individual taxpayers and how to…
  1. Business
As President Joe Biden's nationwide employer vaccine mandate gets held up in court, more employers are considering implementing their own requirements.The majority of U.S. employers now have, or plan to have, a vaccine mandate as many return-to-work plans are pushed back again, due to concerns about the new omicron Covid variant.According to a Willis Towers…
  1. Business
Stocks gained on Wednesday to recover some losses after a sell-off a day earlier, when more hawkish remarks from Federal Reserve Chair Jerome Powell compounded with lingering uncertainty around the Omicron variant and its impacts on the economy. The S&P 500 rose to recoup declines after closing lower by nearly 2% Tuesday afternoon. The S&P 500…
  1. Business
Capital One CEO and Chairman, Richard Fairbank.Marvin Joseph| The Washington Post | Getty ImagesCapital One says it is eliminating all overdraft fees for retail banking customers.It's the largest U.S. bank yet to end the industry practice of charging customers a hefty fee, typically $25 to $35 each instance, for allowing transactions that exceed a customer's…
  1. Business
Syringes with needles are seen in front of a displayed stock graph and words "Omicron SARS-CoV-2" in this illustration taken, November 27, 2021. REUTERS/Dado Ruvic/IllustrationRegister now for FREE unlimited access to reuters.comStocks up across the board, reversing Tuesday's fallsTreasury yields stay elevated after Powell commentsOil rebounds 4%; yen takes a dive as risk appetite returnsGraphic:…
  1. Business
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.]Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell head back to Capitol Hill on Wednesday for their second day of testimony on the CARES Act.The duo appears before the…
  1. Business
Probes by federal officials on phone-hack, extortion claims haven’t led to public action Amazon founder Jeff Bezos accused the National Enquirer’s owner of extorting him in 2019. Photo: mandel ngan/Agence France-Presse/Getty Images In 2019, Amazon.com Inc. founder Jeff Bezos accused the National Enquirer of attempting to extort him with embarrassing texts and photos, and his…

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