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Economy
S&P 500 hits record close as Omicron fears ebb
Major indexes climb for 3rd straight sessionMerck's at-home COVID-19 pill gets U.S. approvalWeekly jobless claims unchanged at 205,000Consumer spending increases 0.6% in NovemberIndexes up: Dow 0.55%, S&P 0.62%, Nasdaq 0.85%Dec 23…
Indonesia bans coal exports in January on domestic supply worries: media
JAKARTA (Reuters) -- Indonesia has banned coal exports in January due to concerns that low supplies at domestic power plants could lead to widespread blackouts, a senior official at the energy ministry said on Saturday.The Southeast…
China’s factory, service sectors shake off 3 months of lockdown pain
A worker polishes a bicycle steel rim at a factory manufacturing sports equipment in Hangzhou, Zhejiang province, China September 2, 2019. China Daily via REUTERS Register now for FREE unlimited access to Reuters.comRegisterChina…
Biden’s union pension bailout: What it means, and will it work?
Check out what's clicking on FoxBusiness.com. The Biden administration unveiled details this week of the final rules surrounding the federal bailout of hundreds of union pension plans passed as part of Democrats' $1.9 trillion…
Farm subsidy plan ‘risks increasing the UK’s reliance on food imports’
The government’s plans for a post-Brexit scheme to support British farming are based on little more than “blind optimism” and risk increasing the UK’s reliance on food imports, a parliamentary inquiry has warned.The EU’s scheme of…
How to Navigate Rising Food Prices as Inflation Surges
Sticker shock is becoming a regular feature of many consumers’ grocery store trips. Given it is unlikely to dissipate anytime soon, consumers should evaluate changes to their shopping habits.The consumer-price index, which tracks what…
GSK banks on stronger offer for its consumer healthcare business
With typical bravado, GlaxoSmithKline has, we learned on Saturday, dismissed three takeover bids from Unilever for its consumer healthcare venture with Pfizer, including one worth £50bn received just before Christmas.The drugmaker, run…
Analysis: Energy prices are causing chaos in Asia. Here’s why the rest of the world
These are just some of the more eye-catching scenes playing out in the Asia Pacific region, where various countries are facing their worst energy crisis in years — and grappling with the growing discontent and instability caused by…
U.S. inflation rate is in the middle of the pack globally
Data: Moody's Analytics, OECD and Trading Economics; Chart: Baidi Wang/AxiosInflation in the U.S. is at a 40-year high, but America isn’t alone. Soaring prices are a truly global phenomenon.The big picture: An analysis of inflation…