National Business News

Biden fires Trump-appointed labor official The Biden administration fired the National Labor Relations Board's general counsel Wednesday night, breaking with precedent to end the tenure of a figure seen ... by ELI ROSENBERG AND REIS THEBAULT THE WASHINGTON POST - January 22, 2021

U.S. jobless claims decline to a still-high 900,000 Fewer Americans applied for unemployment benefits last week, lowering claims to 900,000, still a historically high level that points to further job cuts in a ra... by The Associated Press - January 21, 2021

U.S. pulls Keystone line's permit OOne of President Joe Biden's first acts upon taking office was to cancel the permit for the Keystone XL pipeline, the long-debated project to transport crude f... by Compiled by Democrat-Gazette Staff From Wire Reports - January 21, 2021

Religious business loan rule poses rift The U.S. Small Business Administration has proposed new rules that would permanently allow religious businesses to receive taxpayer-backed small business loans,... by AARON GREGG THE WASHINGTON POST - January 21, 2021

Biggest U.S. banks thrived in pandemic Record trading revenue helped make 2020 a far better year for the biggest U.S. banks than for most other industries, with the coronavirus pandemic ripping throu... by SHAHIEN NASIRIPOUR BLOOMBERG NEWS (TNS - January 21, 2021

Lockdowns help Netflix to 200 million subscribers Netflix ended its biggest year in company history with a bang, adding more customers than expected and saying it no longer needs to borrow money to build its en... by LUCAS SHAW BLOOMBERG NEWS (WPNS) - January 21, 2021

Stocks top records on Biden's push for more aid Wall Street marked the dawn of President Joe Biden's administration with stocks rallying to record highs as hopes build that new leadership in Washington will m... by STAN CHOE, DAMIAN J. TROISE AND ALEX VEIGA THE ASSOCIATED PRESS - January 21, 2021

Alaska oil leases issued as Trump exits The U.S. Bureau of Land Management said Tuesday that it has issued leases covering nearly 685 square miles in Alaska's Arctic National Wildlife Refuge in a mov... by BECKY BOHRER THE ASSOCIATED PRESS - January 21, 2021

Weak travel demand drops 3rd-quarter airfare to lowest ever Average airfares hit a record low in the third quarter of last year with the pandemic-driven decline in travel. by THE ATLANTA JOURNAL-CONSTITUTION (TNS) - January 21, 2021

Wall Street hits records amid profit reports, D.C. changeover U.S. stocks are rallying to records Wednesday on encouraging earnings reports and continued optimism that new leadership in Washington will mean more support fo... by The Associated Press - January 20, 2021

Investor bank's 4Q gain doubles NEW YORK -- Goldman Sachs said Tuesday its profits more than doubled from a year earlier thanks to a surge in both trading and advising revenue. by The Associated Press - January 20, 2021

Treasury pick hits GOP resistance Janet Yellen encountered early Republican resistance to President-elect Joe Biden's $1.9 trillion covid-19 relief plan in her confirmation hearing to become tre... by Compiled by Democrat-Gazette Staff From Wire Reports - January 20, 2021

Court rejects easing cap on power plants WASHINGTON -- A federal appeals court Tuesday struck down the Trump administration's plan to relax restrictions on greenhouse gas emissions from power plants, p... by Compiled by Democrat-Gazette Staff From Wire Reports - January 20, 2021

Day after holiday, stocks swing back from losses Wall Street kicked off a holiday-shortened week with broad gains for stocks Tuesday, as the market recovered most of its losses from last week. by The Associated Press - January 20, 2021

GM teams up with Microsoft on driverless cars SILVER SPRING, Md. -- General Motors is teaming up with Microsoft to accelerate its rollout of electric, self-driving cars. by Compiled by Democrat-Gazette Staff From Wire Reports - January 20, 2021