President Joe Biden

Biden says inflation temporary; Fed should do what it deems necessary for recovery

U.S. President Joe Biden on Monday said an increase in prices was expected to be temporary, but his administration understood…

4 years ago

White House still sees inflation abating, can’t say exactly when

The White House expects supply chain pressures that are fueling higher inflation to abate in the "not-too-distant future," but cannot…

4 years ago

Yellen’s next test: Persuading G20 that U.S. Congress will not block tax deal

U.S. Treasury Secretary Janet Yellen was able to help corral 130 countries to agree to a major revamp of international…

4 years ago

Factbox: The challenges facing Amazon’s new CEO, Andy Jassy

Amazon.com Inc (AMZN.O) on Monday got a new chief executive: Andy Jassy, the mastermind behind its lucrative cloud computing division,…

4 years ago

130 countries back global minimum corporate tax of 15%

Most of the countries negotiating a global overhaul of cross-border taxation of multinationals have backed plans for new rules on…

4 years ago

IMF raises U.S. 2021 growth forecast to 7%, assumes Biden spending plans pass

The International Monetary Fund raised its 2021 U.S. growth projection sharply to 7.0% due to a strong recovery from the…

4 years ago

130 countries support a global tax reform

Authorities representing 130 nations reportedly agreed to reform the global tax system so that large corporations "pay a fair share"…

4 years ago

GM expects to work with the UAW at battery plants – executive

A top executive of General Motors Co (GM.N) on Tuesday expressed strong support for efforts by the United Auto Workers…

4 years ago

Exclusive: White House order pushes antitrust enforcement throughout U.S. economy

The White House is working on an antitrust executive order that aims to push government agencies to consider how their…

4 years ago

U.S. biofuel groups urge EPA to curb oil refinery waivers despite ruling

U.S. biofuel and corn industry groups said on Monday they are urging the Environmental Protection Agency to use restraint in…

4 years ago