Business

WASHINGTON (Reuters) — A measure of U.S. manufacturing activity soared to its highest level in more than 37 years in March, driven by strong growth in new orders, the clearest sign yet that a much anticipated economic boom was probably underway. The Institute for Supply Management or ISM said on Th…

WASHINGTON (The Guardian/Pacnews) — Scars from the pandemic will prevent the global economy from making a full recovery, though the impact over the rest of the decade will not be as severe as that of the 2008 financial crisis, the International Monetary Fund has said. Tourism-dependent countries in…

(Reuters) — The S&P 500 on Thursday crossed the 4,000 mark for the first time, as gains in technology shares as well as optimism about a pickup in economic activity helped Wall Street kick off the second quarter on a high note. Swift vaccinations and a massive fiscal stimulus program are poweri…

NEW YORK (Reuters) — New York lawmakers passed a bill on Tuesday to legalize adult use of marijuana, which will make it the 15th state in the United States to allow recreational use of the drug. Gov. Andrew Cuomo said he was looking forward to signing the bill into law. “New York has a storied hist…

WASHINGTON, D.C. (Reuters) — President Joe Biden on Wednesday will call for a dramatic and more permanent shift in the direction of the U.S. economy with a roughly $2 trillion package to invest in traditional projects like roads and bridges alongside tackling climate change and boosting human servi…

(Reuters) — President Joe Biden is expected to allow a proclamation from his Republican predecessor that had blocked many temporary foreign workers from coming into the United States to expire on Wednesday, according to three people familiar with the matter. The Democratic president has rolled back…

NEW YORK/ZURICH/TOKYO (Reuters) — Global banks may lose more than $6 billion from the downfall of Archegos Capital, sources familiar with trades involving the U.S. investment firm said on Monday, and regulators and investors fear the episode could reverberate more widely. Japan’s Nomura and Credit …

SEOUL (Reuters) — South Korea’s SK Innovation Co Ltd said on Tuesday it is considering all options including pulling its battery business out of the United States if President Joe Biden does not overturn a trade panel’s decision against it by April 11. “The company has been consulting with experts …

PARIS/WASHINGTON (Reuters) —  Real-time data on everything from sit-down restaurant meals to job hirings shows American business and consumers leaping to take advantage of a fast vaccine rollout even as their European counterparts languish in extended lockdowns. And while some U.S. health experts e…

CAIRO (Reuters) — The giant container ship that blocked the Suez Canal for almost a week was fully floated on Monday and traffic in the waterway would resume, the canal authority said in a statement. A Reuters witness saw the ship moving and a shipping tracker and Egyptian TV showed it positioned i…