U.S. wholesale prices surged by a record 1.3% in January, led by big gains in health care and energy prices.
Global stock markets and U.S. futures are mostly higher after disappointing American jobs and economic data.
U.S. long-term mortgage rates were flat this week for a second straight week.
Bombardier Inc. plans to end production of its Learjet business jet later this year and cut 1,600 jobs in Canada and the United States as it cut costs amid the pandemic.
Shares have fallen in Tokyo and Sydney after stocks closed nearly flat on Wall Street, though the S&P 500 and the Nasdaq composite still logged record highs.
The number of Americans seeking unemployment benefits fell slightly last week to 793,000, evidence that job cuts remain high despite a substantial decline in new confirmed viral infections.
The U.S. government’s budget deficit hit $735.7 billion through the first four months of the budget year — an all-time high for the period.
Toyota says it will roll out two new battery-electric vehicles and one plug-in gas-electric hybrid in the U.S. next year as the parade of new EVs continues.
General Motors’ net profit fell 4.5% in 2020, but a strong second half more than offset the effects of pandemic-related factory closures and a costly air bag recall.
Oil multinational Royal Dutch Shell is slowly turning away from the crude oil that made its fortune over the decades but also helped cause a global climate crisis.