(Reuters) – Tesla Inc’s fourth-quarter profit fell short of Wall Street expectations on Wednesday and the company failed to provide a clear target for 2021 vehicle deliveries, sending shares down 4.4% in extended trade.FILE PHOTO: A woman charges a Tesla car in front of the electric vehicle maker’s showroom in Beijing, China January 5, 2021. REUTERS/Tingshu Wang/File Photo GLOBAL BUSINESS […]

Federal Reserve Chair Jerome Powell sidestepped several questions about the one thing virtually all of Wall Street is buzzing about: the market implications of GameStop Corp.’s meteoric rise. Powell refused to comment on any individual stock or a single-day move in the equity market, saying instead that financial-stability vulnerabilities overall are “moderate.” The Fed chair added that the outlook for […]

WASHINGTON (Reuters) – The Federal Reserve on Wednesday left its key overnight interest rate near zero and made no change to its monthly bond purchases, pledging again to keep those economic pillars in place until there is a full rebound from the pandemic-triggered recession.FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie/File […]

WASHINGTON (Reuters) – New orders for key U.S.-made capital goods increased for an eighth straight month in December, pointing to solid growth in business spending on equipment in the fourth quarter and likely helping to underpin the economic recovery.FILE PHOTO: United Auto Workers union member Carrie Attwood uses an ergonomic-arm to install a front seat in a Chevrolet Volt electric […]

WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen vowed U.S. cooperation in calls with British and German counterparts on Wednesday to end the coronavirus pandemic, support a robust economic recovery and tackle difficult climate and international tax issues.Slideshow ( 2 images )Yellen, on her first full day on the job after being sworn into office on Tuesday as the first […]