Thursday, January 28, 2021
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U.S. private prison revenue under pressure from new Biden rules

CoreCivic and the GEO Group, two of the largest U.S. private prison companies, could lose as much as a quarter of their revenue, about $1 billion a year between...

What you need to know about the coronavirus right now

Here’s what you need to know about the coronavirus right now: Indonesia almost past 1 mln case mark Indonesia is set to officially...

ECB reaffirms pledge to support economy through pandemic

The European Central Bank kept its policy unchanged on Thursday but reaffirmed a pledge to keep borrowing costs at record lows to help the euro zone economy withstand the...

European stocks turn defensive as lockdown worries resurface

European stocks inched higher on Tuesday, as possible extension of German lockdowns drew investors into defensive sectors such as healthcare and telecoms. After gaining almost half...

Latest on worldwide spread of the coronavirus

The world is on the brink of “catastrophic moral failure” in sharing COVID-19 vaccines, the head of the World Health Organization said, urging countries and manufacturers to spread doses...

Wells Fargo profit beats Wall Street estimates as credit costs fall

Wells Fargo & Co reported a quarterly profit on Friday that beat Wall Street estimates, as stabilizing credit costs helped offset the hit from low-interest rates meant to prop...

BlackRock profit beats expectations as assets reach record high

BlackRock Inc, the world’s largest asset manager, on Thursday reported a better-than-expected quarterly profit, as increased activity in financial markets resulted in higher fees and pushed its assets under...

Dollar lifted as Treasury yields stabilise from drop

Stabilising U.S. Treasury yields helped the dollar trade back in positive territory on Wednesday, though investors remained bearish on the currency’s near-term prospects. Benchmark 10-year Treasury...

‘Darkest hour’: BoE’s Bailey sees UK economy in difficult times

Bank of England Governor Andrew Bailey said on Tuesday that Britain’s economy was facing its “darkest hour”, and played down suggestions that cutting interest rates below zero would be...

World stocks near record peak, dollar stumbles again

World stocks edged closer to recent record highs and Asian shares hit a record peak on Wednesday, as investors bet on a strong economic recovery next year, with the...