Stocks Waver as Year Nears End
U.S. stock indexes wavered at the opening on the last trading day of 2021, indicating a quiet finish in a year of repeated records on Wall Street on low interest rates and the rollout of Covid-19 vaccines.
Fed Rate-Setting Panel Gets New Members Amid Rate Expectations
Federal Reserve regional bank presidents who gain votes in the new year on the central bank's interest-rate-setting committee are likely to strongly support raising borrowing costs to try to combat high inflation.
Omicron Blurs Oil Outlook After Demand Roars Back
Traders are grappling with the fast-spreading coronavirus variant, as well as longer-run consumption questions.
South Africa Says Its Omicron Wave Is in Retreat
The Omicron variant's decline in South Africa is a promising sign for other countries facing their own bursts of infections caused by the highly transmissible strain.
Strong Labor Market in 2021 Faces Down Omicron Threat
Record hiring and layoffs at a half-century low have fueled the economy. But the jobs market faces headwinds in the new year, from rising Covid cases to inflation.
Bank of Mexico Plans to Launch Digital Currency by 2024
The central bank's plans aim to foster financial inclusion in a cash-based economy, the Mexican government said.