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 […]

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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. […]

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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. […]

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U.S. And UK reach agreement on suspending tariffs on Scotch whisky: Spectator Magazine

(Reuters) – The United States and Britain have reached an agreement on suspending tariffs on Scotch whisky, the Spectator magazine reported on Thursday. The Donald Trump administration had imposed tariffs on an array of EU food, wine and spirits, including on Scotch whisky, which the industry says are putting its future at risk. Disclaimer: Fusion […]

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U.S. Postal Service will offer early retirements, consolidate postal districts

© Reuters. FILE PHOTO: A U.S. Postal Service (USPS) logo is pictured on a mail box By David Shepardson WASHINGTON (Reuters) – The U.S. Postal Service(USPS) said on Wednesday it is offering early retirement to non-union employees as it consolidates postal districts in an effort to stem billions in red ink. The USPS will merge […]

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Vaccine Boost, Texas Reopening, ADP Payrolls – What’s up in Markets

© Reuters By Geoffrey Smith  Investing.com — The U.S. will have enough vaccines for all adults by May, while Texas is ending restrictions on business and lifting its mask mandate. ADP releases its private payrolls reports for February, stocks are set to bounce from their losses on Tuesday, and the European Central Bank has changed […]

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Biden nominee for top economist post, Rouse, heads for U.S. Senate confirmation

© Reuters. FILE PHOTO: U.S. President-elect Joe Biden announces members of his economic policy team in Wilmington, Delaware WASHINGTON (Reuters) – A majority of the U.S. Senate on Tuesday voted to confirm Cecilia Rouse as chair of the White House Council of Economic Advisers, which would make her the first Black economist to serve in […]

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Around the world, COVID prompts new look at company taxes

© Reuters. FILE PHOTO: Coronavirus disease (COVID-19) outbreak in London By Leigh Thomas PARIS (Reuters) – The huge public deficits that have piled up as governments bail out their pandemic-hit economies are prompting the first rethink of a four-decade decline in corporate tax rates worldwide. Britain may be first to see the tide turn as […]

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Barkin: Fed’s rate guidance is ‘explicit,’ investors should watch outcomes

© Reuters. FILE PHOTO: Federal Reserve Bank of Richmond President Thomas Barkin poses during a break at a Dallas Fed conference on technology in Dallas WASHINGTON (Reuters) – Investors evaluating Fed policy should focus on the central bank’s “explicit” guidance on its plans and the relevant economic outcomes, not on second-guessing far ahead of time […]

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