Stocks Fall After Giving Up Early Gains
U.S. stocks weakened on Thursday afternoon, giving up the morning's gains. More big-name companies, including American Airlines, posted earnings.
Existing-Home Sales Reached a 15-Year High in 2021
Existing-home sales rose 8.5% last year from a year earlier to 6.12 million, the National Association of Realtors said Thursday.
U.K. Leads Europe in Easing Omicron Restrictions
Evidence from more countries in Europe bolstered hopes that the Omicron wave will cause less suffering than previous dominant coronavirus variants.
Fed Launches Review of Possible Central Bank Digital Currency
U.S. central bankers solicit public comment as part of review, but are unlikely to decide soon whether to issue a government-backed cryptocurrency.
Senate Panel Approves Antitrust Bill Restricting Big Tech Platforms
Apple, Amazon and Google say the bipartisan legislation barring tech platforms from favoring their own products could disrupt popular services for businesses and consumers.
Erdogan Meets El Salvador's Bitcoin-Boosting Leader
The Turkish government has taken a restrictive approach to cryptocurrencies in recent years.
Biden Seeks to Reassure Ukraine, Vowing a Strong Response to Russia
President Biden said any Russian troop movement into Ukraine would be considered an invasion, clarifying earlier remarks about a 'minor incursion.'
U.S. Jobless Claims Rose to 286,000 Last Week
Jobless claims rose sharply as the labor market, a source of economic growth, faces headwinds with Omicron cases remaining high.
U.S. Crude-Oil Inventories Unexpectedly Rise
U.S. crude-oil inventories surprisingly increased last week and gasoline stockpiles rose much more than forecast, according to data released Thursday by the Energy Information Administration.
Fed says Philadelphia factory conditions improve and businesses more optimistic
The Philadelphia Federal Reserve's index of manufacturing conditions rose by 8 points in January to 23.2, showing businesses are still growing despite the omicron outbreak and persistent labor and supply shortages.
(END) Dow Jones Newswires