Page 1220 - Reuters/workspace/business Standard Web/video

Wall Street closes at record highs as Netflix jumps, Biden inaugurated

Dow up 0.83%, S&P 500 up 1.39%, Nasdaq up 1.97%; FAANGs jump after Netflix results beat estimates

US President Biden takes over nation in crisis, urges end to 'uncivil war'

With his hand on an heirloom Bible that has been in his family for more than a century, Biden took the presidential oath of office administered by U.S. Chief Justice John Roberts just after noon

Italy mulls legal action against Pfizer over delay in Covid vax deliveries

Pfizer told Italy last week that it was cutting its deliveries by 29%

Oil above $56 on US stimulus hopes ahead of Joe Biden inauguration

US Treasury Secretary nominee Janet Yellen on Tuesday urged lawmakers to "act big" on pandemic relief spending

Nasdaq hits record high at open as Netflix soars; Biden takes office

The Nasdaq Composite rose 145.4 points, or 1.10%, to an all-time high of 13342.548 at the opening bell

India starts Covid vaccine exports to neighbours, but Pakistan opts out

Many low and middle-income countries are relying on India, the world's biggest vaccine maker, for supplies to start COVID-19 immunisation programmes and bring an end to their outbreaks

Business investments into Singapore rise 13%, highest in over a decade

Commitments by total business expenditure, whose major components include wages and rental, fell 24% to S$6.8 billion

Trump's parting gifts to Biden: Roaring stocks, weaker dollar, tons of debt

If history is any guide, the stock market should give Biden a warm welcome. The S&P 500 has risen in the first 100 calendar days in eight of the last 10 presidential terms

Gold gains, dollar weakens as Yellen underscores need of stimulus

Spot gold gained 0.6% to $1,850.66 per ounce by 0604 GMT. U.S. gold futures added 0.5% to $1,850

Oil rise on hopes of US Covid-19 stimulus and crude stocks drawdown

U.S. West Texas Intermediate (WTI) crude futures climbed 37 cents, or 0.7%, to $53.35 a barrel at 0427 GMT, building on a 1.2% rise on Tuesday

US: With a nation in crisis, pressure builds on Joe Biden to deliver

Biden is under significant pressure to turn his pledges of unity and competence into results - and swiftly

Trump ends tumultuous presidential term under cloud, faces uncertain future

Trump, 74, will bid farewell to the White House hours before President-elect Joe Biden is inaugurated

Volkswagen says China car sales, production hit by chip supply shortage

Global automakers including Ford Motor Co, Toyota Motor Corp and Nissan Motor Co Ltd have said they would cut vehicle production

Kia reviews electric car cooperation with multiple firms after Apple report

Kia's listed sister company Hyundai Motor Co said earlier this month it was in early talks with Apple, after local media reported the firms were discussing an electric car and battery-tie up

Netflix forecasts an end to borrowing for financing projects, shares surge

Netflix said it will explore returning excess cash to shareholders via share buybacks. It plans to maintain $10 billion to $15 billion in gross debt

Treasury nominee Yellen says markets should determine value of dollar

Yellen said she would work to implement Biden's promise to "oppose any and all the attempts by foreign countries to artificially manipulate currency values to gain an unfair advantage in trade"

Oil gains on stimulus optimism ahead of Joe Biden's inauguration

By Scott DiSavino

Janet Yellen says Biden's focus now is providing relief, not raising taxes

Yellen said she agreed that the 2017 corporate tax cut had improved the competitiveness of American businesses, and Biden was not proposing to raising corporate taxes to the pre-2017 level

Average US air fares fall to lowest price after Covid-19 pandemic

The average ticket price was $245, down 30% over the same period in 2019 and down 7% over the second quarter, when average prices were $262 a ticket

Donald Trump's legacy: A more divided America, a more unsettled world

Trump leaves behind an even more polarized America, where thousands are dying daily from the Covid-19 pandemic, the economy is badly damaged and political violence has surged