US Business

The Federal Reserve doesn’t need to respond with monetary policy to the rise in Treasury bond yields that has rattled many investors, Federal Reserve Bank of Minneapolis President Neel Kashkari said.

Employment picked up last month for the leisure and hospitality sector, as well as retail and manufacturing, but job totals remain well below pre-pandemic levels.

Hiring accelerated as restaurants and other hospitality businesses reopened and coronavirus cases eased, with U.S. employers adding nearly 550,000 jobs in the first two months of the year.

ViacomCBS is building on the success of its Kevin Costner series while Netflix has two cowboy-theme movies.

The cyberattack on the company’s Outlook email software is believed to have infected American businesses, government offices and schools, according to people briefed on the matter.

The antiviral reduced infectious virus in Covid-19 patients in a mid-stage study. Larger trials are under way exploring whether it prevents severe illness and death.

Buy! Sell! Tweet! An icon of the amateur trading masses and an evangelist for SPACs, Chamath Palihapitiya is commanding the financial moment with a blend of deal-making prowess, social-media savvy and moxie.

The network was seeking about $325,000 for 30 seconds of commercial time in the highly anticipated interview, ad buyers said.

The U.S. and the European Union agreed to suspend tariffs on wine, luggage, produce and other goods related to a longstanding dispute over government subsidies to Boeing and Airbus, in a sign of easing trade tensions.

Gap executives said consumers are eager to buy the kinds of apparel that they have been able to forgo during much of the Covid-19 pandemic.