US Banking Giants Goldman Sachs and JPMorgan Wind Down Business in Russia

Goldman Sachs Group and JPMorgan Chase have become the first major American banks to announce they are leaving Russia, a process that according to industry experts may take months if not years. Their decisions follow the imposing of unprecedented sanctions against Moscow over its military assault on neighboring Ukraine. The restrictions, which have affected the […]

Pfizer to Cut U.S. Sales Staff As Meetings with Healthcare Providers Move to Virtual

Pfizer said it is reducing its U.S. sales staff as it expects doctors and other healthcare providers to want fewer face-to-face interactions.

Indian PM Modi’s Twitter Hacked With Bitcoin Tweet

The tweet was swiftly deleted and his office said the account had been very briefly compromised.

2022 Will Mark the End of the Pandemic and a Full Economic Recovery, JPMorgan Says

After nearly two full years of Covid-driven chaos, JPMorgan Chase is predicting 2022 will usher in a return to normalcy and full healing of the economic wounds caused by the health crisis.

Asian Markets Mixed After Wall St Decline, Virus Unease

Asian stock markets were mixed Thursday after a turbulent day on Wall Street as traders tried to forecast the impact of the coronavirus’s omicron variant. Shanghai and Tokyo fell while Hong Kong and Seoul advanced. Wall Street’s benchmark S&P 500 index ended down 1.2% on Wednesday after being up 1.9% earlier in the day. That […]

Omicron Reaches from Australia to Canada Despite Travel Curbs

How far omicron has reached.

Pfizer Asks US Officials to OK Promising COVID-19 Pill

Pfizer is seeking U.S. authorization of its experimental COVID-19 treatment pill.

Big Business Bosses Are Warning That Supply Chain Issues and Inflation Are Here To Stay

Top executives at multiple European blue-chip companies have told CNBC that supply chain problems, labor shortages, and inflationary pressures will run for longer than policymakers are expecting. The most recent inflation prints have done little to assuage concerns about stickier inflation. The U.S. consumer price index jumped 6.2% in October from a year ago, official […]

Sony Raises Forecast As Sales Hold Up Amid COVID Damage

Sony has reported its profit fell 54% in the last quarter, mainly due to a one-time tax-related gain that inflated last year’s number.

British Finance Minister Rules Out Return to Major COVID Restrictions

The British finance minister said there must be no return to “significant economic restrictions” despite a recent increase in COVID-19 cases in the country.

Panasonic Hopeful of Robust Festive Sales, To Invest Rs 300 Crore Under PLI Scheme

The company was also planning to invest Rs 300 crore to manufacture compressors and heat exchangers under the country’s PLI scheme.

How the US Nailed the Economic Response to COVID-19

Countless things have gone wrong since COVID-19 arrived on American shores, yet this week we got proof of something that went right: the economic policy response. The pandemic-induced shutdown was initially the worst hit to the U.S. economy since the Great Depression. Employment and output both fell more last year than in 2008 during the […]