Target blew past Wall Street expectations for quarterly profit and sales on Wednesday as more Americans used the big-box retailer's quick delivery services to buy everything from electronics to home goods during the COVID-19 pandemic.
The head of the U.S. Centers for Disease Control and Prevention said on Friday that a recent decline in COVID-19 cases may be stalling, a development she described as concerning while urging that restrictions to fight the virus remain in place. Lisa Bernhard produced this report.
Electronics and Information Technology Minister Ravi Shankar Prasad on February 24 informed that cabinet has approved Production Linked Incentive Scheme for IT Hardware. Target segments include laptops, tablets, all-in-one PCs and servers. "Scheme which was announced in April during the height of COVID-19 delivered production worth Rs 35,000 crores, created 22,500 jobs and brought around Rs 1,300 investment," said RS Prasad.
U.S. Senator Ted Cruz flew into a storm of criticism on Thursday over a holiday jaunt he took to the Mexican resort city of Cancun while his home state of Texas grappled with a deadly deep freeze, This report produced by Yahaira Jacquez.
As cyclical sectors continue to outperform the broader market, with financials up 12% year to date, Nicholas Colas of DataTrek Research says he still sees more upside for the trade. Yahaira Jacquez reports.
Government bond yields are on the rise, signaling expectations for higher interest rates down the line. CNN’s Alison Kosik explains what this means for investors.
The head of trading app Robinhood and Wall Street hedge fund managers on Thursday fielded a barrage of questions in the U.S. Congress about their role in the GameStop trading frenzy, at times being cut off by irate lawmakers. This report produced by Lisa Bernhard.
CNN’s SE Cupp offers her take on Republicans’ and right-wing media’s fixation on culture wars while many Americans are still struggling during the Covid-19 pandemic.
[NFA] Dr. Anthony Fauci, the top U.S. infectious disease official, on Sunday urged Americans to take any of the three approved COVID-19 vaccines available to them, including the newly-authorized single-shot vaccine from Johnson & Johnson. Lisa Bernhard produced this report.
U.S. jobs increased more than expected in February amid falling new COVID-19 cases, quickening vaccination rates and additional pandemic relief money from the government, putting the labor market recovery back on firmer footing and on course for further gains in the months ahead. Fred Katayama reports.
General Motors said on Wednesday it was further extending production cuts at three North American plants and adding a fourth to the list of factories hit by the global semiconductor chip shortage. Fred Katayama reports.
Myanmar's U.N. Ambassador Kyaw Moe Tun has been fired, state television said on Saturday, a day after he urged the United Nations to use "any means necessary" to reverse the Feb. 1 military coup. Fred Katayama reports.
U.S. President Joe Biden will hold his first bilateral meeting Tuesday with Canadian Prime Minister Justin Trudeau, virtually, where the two leaders will discuss climate change, the COVID-19 response and other bilateral and global issues. Fred Katayama reports.
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