Business Stories from March 4, 2021 (Change date)
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Powell: Higher inflation temporary, no rate hikes in sightMar 04, 2021 2:30 pm - WASHINGTON (AP) - Federal Reserve Chair Jerome Powell suggested Thursday that inflation will pick up in the coming months but that it would likely prove temporary and no...
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Closing prices for crude oil, gold and other commoditiesMar 04, 2021 2:00 pm - Benchmark U.S. crude oil for April delivery rose $2.55 to $63.83 a barrel Thursday. Brent crude oil for May delivery rose $2.67 to $66.74 a barrel. Wholesale gasoline fo...
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Asian shares track Wall St decline as bond yields reboundMar 03, 2021 9:30 pm - Asian shares fell Thursday, tracking a decline on Wall Street as another rise in bond yields rattled investors who worry that higher inflation may prompt central banks t...
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Productivity down 4.2%, largest decline in nearly 40 yearsMar 05, 2021 1:51 pm - WASHINGTON (AP) - U.S. productivity fell at an annual rate of 4.2% in the fourth quarter, the largest quarterly decline in nearly four decades. The revised figure releas...
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Square, Inc. to buy majority of Tidal and put Jay-Z on boardMar 04, 2021 7:30 am - SAN FRANCISCO (AP) - Financial technology company Square, Inc. said Thursday that it has reached an agreement to acquire majority ownership of Tidal, the music streaming...
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Thailand probes Facebook's removal of army-linked accountsMar 04, 2021 1:00 am - BANGKOK (AP) - Thailand's Prime Minister Prayuth Chan-ocha says he has assigned the Royal Thai Army to investigate after Facebook Inc. removed 185 accounts and groups al...
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EXPLAINER: Why rising rates are unsettling Wall StreetMar 08, 2021 1:41 pm - NEW YORK (AP) - Interest rates keep marching higher, and Wall Street keeps shaking because of it. The yield on the 10-year Treasury climbed back above 1.50% Thursday, pr...
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US mortgage rates steady to higher; 30-year at 3.02%Mar 08, 2021 7:44 am - WASHINGTON (AP) - U.S. long-term mortgage rates were steady to higher this week, as the benchmark 30-year loan breached the 3% mark for the first time since July 2020. R...
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Costco 4Q profits rise, helped by pandemic shopping habitsMar 08, 2021 7:44 am - ISSAQUAH, Wash. (AP) - Warehouse retail chain Costco Wholesale said its fourth-quarter profits rose slightly from a year ago, its profits weighed by wage premiums paid t...
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Grains mixed, Livestock lower.Mar 04, 2021 2:30 pm - Wheat for Mar. was off 2.25 cents at 6.4975 a bushel; Mar. corn fell 2.75 cents at 5.4625 a bushel, Mar. oats was up 4 cents at $3.76 a bushel; while Mar. soybeans rose ...