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GameStop jumps nearly 19%; 'meme stocks' fade after another wild ride

"The power of the "three R's" (Robinhood, Retail, Reddit) are back in play," said Neil Campling, head of technology research at Mirabaud Securities

G20 to pledge support for robust post-Covid-19 recovery, cash for IMF

Finance ministers and central bank governors of the world's top 20 economies, called the G20, will hold a video-conference on Friday and the global response to the unprecedented havoc wreaked by Covid

Texas lawmakers look to lay blame for deadly blackout, investigation on

"Who's at fault?" State Representative Todd Hunter demanded of utility executives. "I want to hear who's at fault. I want the public to know who screwed up"

Tesla to cut Model 3 production in US for 2 weeks due to parts shortage

Several automakers, including General Motors, Volkswagen, and Ford Motor, are hit by the shortage of chips, forcing them to scale down production

Boeing, hit with $6.6 million FAA fine, faces major 787 repair bill: Report

The Federal Aviation Administration said Boeing had agreed to pay $6.6 million in penalties after the aviation regulator said it failed to comply with a 2015 safety agreement

Twitter aims to double revenue by 2023, teases new 'super follow' feature

The "super follow" feature, which lets users charge followers for access to exclusive content, will launch this year, a spokesman said

India tightens regulatory grip on Facebook, WhatsApp with new rules

India is the largest market by users for both Facebook and its messenger service WhatsApp

Wall Street ends sharply lower, tech selloff weighs as bond yields climb

The Dow and the S&P 500 notched their biggest daily decline since late January

Pfizer-BioNTech testing booster of their Covid-19 vaccine in new trial

The companies believe their current two-dose vaccine will work against the South African variant as well as one found in the United Kingdom and elsewhere

Google pledges changes to research oversight after internal revolt

Google Research executives said they were working to regain trust after the company ousted two prominent women and rejected their work

Twitter plans to double revenue in 2023 to $7.5 bn, shares hit record high

In a regulatory filing, Twitter estimated reaching at least 315 million monetizable daily active users (mDAU), or those who see ads, by the fourth quarter of 2023

Oil holds near 13-month high, supported by sharp drop in US output

U.S. West Texas Intermediate was down 49 cents or 0.8% at $62.73, after also hitting a 13-month high of $63.79

GameStop Corp shares soar around 50% as 'meme stocks' rally again

GameStop shares hit $160 at the open before being halted after several minutes of trading and fell to around $129 before the second halt

Yellen supports new allocation of IMF's SDR currency to help poor nations

Yellen said an SDR allocation and steps to boost low- and zero-interest lending by the World Bank and International Monetary Fund were needed to help contain the pandemic and mitigate its devastating

Majority of Americans support $15 minimum wage, Reuters/Ipsos poll shows

The Senate's parliamentarian on Thursday is expected to decide whether the rules will allow them to use the coronavirus spending bill to enact a sweeping wage policy

US auto sales to rise in February despite weather woes, says report

Retail sales of new vehicles are estimated to reach about 975,600 units in February, a 3.3% increase from a year ago, when adjusted for selling days, the consultancies said

Covid-19 crisis: South Africa aims to vaccinate 1.1 mn by end of March

Addressing parliament, SA health minister also said authorities might have to inoculate more than their original target of 40 million people to reach herd immunity

Merck to buy drug developer Pandion Therapeutics for $1.85 billion

The $60-per-share deal represents about 134% premium to Pandion's closing price on Wednesday

Domino's sales rise slightly short of estimates as coronavirus curbs ease

Shares of the company were down 3% in premarket trading

China approves 2 more domestic Covid-19 vaccines, increasing number to 4

The two newly approved vaccines are made by CanSino Biologics Inc and Wuhan Institute of Biological Products, an affiliate of China National Pharmaceutical Group (Sinopharm)