The U.S. economy likely created the fewest jobs in seven months in December or even shed workers as the country buckled under an onslaught of COVID-19 infections, marking the start of what is expected to be a bleak winter.
American Express shares fell after the Wall Street Journal reported that the investigative arms of three U.S. financial agencies were probing the card issuer's sales practices. Shares of the company dipped 1.3% Thursday after falling as much as 5% earlier. The Journal reported in March that in an effort to boost sales, some AmEx employees misrepresented card rewards and fees or issued cards that customers hadn't sought.
President Donald Trump acknowledged his election loss and condemned an attack on the U.S. Capitol in a video on Twitter Inc. late Thursday, a day after his support for the attackers led to bans from social-media companies.
“Boeing’s employees chose the path of profit over candor by concealing material information from the FAA concerning the operation of its 737 Max airplane and engaging in an effort to cover up their deception."
Mixture of higher inflation and ultra-loose monetary policy expected to hurt the greenback