Business News

Biden's pause on oil cause for big concern in New…

President Joe Biden's 60-day moratorium on new oil and natural gas leases and drilling permits is prompting widespread concerns in New Mexico, where spending on education and other government programs hinges on the industry's success

Arizona, 15th state with legal pot, sees…

Legal sales of recreational marijuana in Arizona started on Friday, a once-unthinkable step in the former conservative stronghold

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Biden's executive actions for economic relief at…

President Joe Biden has signed a pair of executive orders that were meant to offer a quick dose of economic relief to an economy still being hammered by the coronavirus

Chipmaker Intel Corp. blames internal error on…

The computer chipmaker Intel Corp. is blaming an internal error on a data leak that prompted it to release a quarterly earnings report early

Greece to reopen high schools but stay in lockdown

Authorities in Greece say high schools will reopen on Feb. 1 for the first time since mid-November, but that nationwide lockdown measures will remain in effect

Pfizer to supply 40M COVID-19 shots for poor…

Pfizer has committed to supply up to 40 million doses of its COVID-19 vaccine this year to a global effort to get affordable shots to poor and middle-income countries

Yellen's nomination as treasury secretary…

The Senate Finance Committee has approved President Joe Biden’s nomination of Janet Yellen to be the nation’s 78th treasury secretary

Existing home sales rise in 2020 to highest in 14…

Sales of existing homes rose 0.7% in December, helping to push sales for the entire year to the highest level in 14 years, giving the economy a rare bright spot in a global pandemic

$1B Mega Millions prize a result of long odds…

The estimated jackpot for the Mega Millions lottery game has grown to $1 billion ahead of Friday night’s drawing after more than four months without a winner

Group urges climate adaptation funding in…

An organization that promotes efforts to adapt the environment to cope with the effects of climate change is calling on governments and financers around the globe to include funding for adaptation projects in their COVID-19 recovery spending

Turkey's Erdogan says extra 10M doses of Chinese…

Turkish President Recep Tayyip Erdogan says a further 10 million doses of the Chinese CoronaVac vaccine could arrive in Turkey by this weekend

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Nissan commits to UK car plant after post-Brexit…

Japanese carmaker Nissan confirmed Friday that it will maintain its operations in Britain in the wake of the post-Brexit trade deal between the country and the European Union

Mixed finish on Wall Street as worldwide rally…

Stocks struggled to a mixed finish on Wall Street, trimming the weekly gain for the S&P 500 even as the Nasdaq eked out another record high

California keeps key virus data out of public…

Experts in infectious disease and public access are criticizing California’s secrecy in how it calculates when to lift stay-at-home orders

Google threatens to pull search engine in…

Google is threatening to make its search engine unavailable in Australia if the government proceeds with plans to make tech giants pay for news content

ExxonMobil becomes latest sponsor to sever…

The Iditarod, the world’s most famous sled dog race, has lost another major sponsor as it prepares for a scaled back version of this year’s race because of the pandemic

FDA approves 1st long-acting HIV drug combo…

U.S. regulators have approved the first long-acting drug combo for HIV, monthly shots that can replace daily pills

Biden halts border wall building after Trump's…

President Joe Biden has ordered a “pause” on all border wall construction, one of 17 executive orders issued his first day in office

CSX profit slips in 4Q but railroad hauls 4% more…

CSX railroad has reported relatively flat fourth-quarter earnings even though it hauled 4% more freight as the economy continued to rebound from last year’s widespread virus-related shutdowns

Judge says Amazon won't have to restore Parler…

Amazon won’t be forced to immediately restore web service to Parler after a federal judge ruled Thursday against a plea to reinstate the fast-growing social media app favored by followers of former President Donald Trump

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