Saturday, March 06, 2021

Economy

Exclusive: U.S. agency probes Facebook for ‘systemic’ racial bias in hiring, promotions

© Reuters. FILE PHOTO: A 3D-printed Facebook logo is seen placed on a keyboard in this illustration By Paresh Dave (Reuters) – A U.S. agency investigating Facebook Inc (NASDAQ:) for racial bias in hiring and promotions has designated the probe as “systemic,” attorneys for three job applicants and a manager who claim the company discriminated […]

Unfazed by bond market, Fed sets course for sustained, easy policy

2/2 © Reuters. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC 2/2 By Ann Saphir, Dan Burns and Jonnelle Marte (Reuters) – U.S. central bankers on Friday signaled they do not plan to touch the dial on their super-easy policy for some time, expressing little concern over the rapid rise in U.S. […]

Bond Sell-Off, Payrolls, China GDP Target, Oil Surges – What’s up in Markets

© Reuters. By Geoffrey Smith  Investing.com — The sell-off in U.S. bonds reverberates through global markets, but Wall Street looks set for a modest bounce at the open. Non-farm payrolls are expected to have picked up smartly from January’s level; OPEC’s decision not to raise output send oil rallying and analysts scrambling to raise their forecasts. […]

Commodities & Futures

OPEC+ Drama Helps Gasoline to 1st Week Above $2 Since 2019

© Reuters. By Barani Krishnan Investing.com –  US gasoline futures finished their first week above $ 2 per gallon since 2019, while global crude benchmark Brent neared $ 70 a barrel, after producer alliance OPEC+ largely withheld a production hike for next month, defying market expectations. New York-traded settled at $ 2.065 per gallon on […]

Give shut-out U.S. coal, auto workers a chance in green energy – Manchin

3/3 © Reuters. FILE PHOTO: Senator Joe Manchin Democrat of West Virginia discusses climate policy coal and renewable energy at a press briefing at the IHS Markit CERAWeek conference in Houston 2/3 By Timothy Gardner WASHINGTON (Reuters) – U.S. coal and auto industry laborers who have lost jobs as the economy moves to green energy […]

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