The emergence of Omicron is fueling uncertainty in markets, as investors await information about the heavily mutated coronavirus variant and gauge how badly it could damage the global recovery.
UAW workers vote to directly elect union leaders
Members of the United Auto Workers (UAW) union have voted to change the union's election method from the current delegate system to a direct election model, a court-appointed monitor said.
New U.S. COVID-19 international travel testing rules take effect Monday
New U.S. rules requiring international air travelers to obtain a negative COVID-19 test within one day of travel will take effect Monday at 12:01 a.m. ET (0501 GMT), sources briefed on the matter said ...
Wall Street ends higher in robust rebound from Omicron-driven sell-off
A broad rally sent Wall Street to a sharply higher close on Thursday, recovering ground lost over recent sessions as market participants snapped up bargains while digesting the implications of a ...
IMF says chief economist Gopinath to replace Okamoto as no. 2 official
The International Monetary Fund said its second ranking official, First Deputy Managing Director Geoffrey Okamoto, will leave the Fund in early 2022 and will be replaced by Gita Gopinath, who ...
Unfazed by Omicron, Fed policymakers show greater consensus for faster taper
Federal Reserve policymakers on Thursday sounded sanguine about the economic impact of the latest COVID-19 variant, but flagged rising inflation in remarks that suggested growing consensus for an ...
7th Circuits Hamilton to take senior status, giving Biden second vacancy
U.S. Circuit Judge David Hamilton has notified the White House that he plans to step down from active service on the 7th U.S. Circuit Court of Appeals, creating a second vacancy for President Joe ...
Japans service sector activity expands at fastest pace in 2 years
Japan's services sector activity grew at the fastest pace in more than two years in November on a jump in new business, signalling stronger consumer confidence as the coronavirus pandemic subsided.
U.S. House of Representatives approves bill to avert government shutdown
A majority in the U.S. House of Representatives on Thursday approved a bill to avoid a partial government shutdown by extending through Feb. 18 federal agency funding that would have expired on Friday ...
Wall Street rebounds from Omicron-driven rout
Business Wall Street rebounds from Omicron-driven rout. Posted . A broad rally sent Wall Street to a sharply higher close on Thursday, recovering ground lost over recent sessions ...
