The conflict has sent GameStop on a stomach-churning ride with amateur investors taking on the financial establishment in the mindset of the Occupy Wall Street movement launched a decade ago. 

The company’s net loss rose to $8.44 billion in the fourth quarter ended Dec. 31, from $1.01 billion a year earlier, taking its full-year loss to a record $11.94 billion.

Official global unemployment shot up by 1.1 percent, or 33 million more people, to a total of 220 million and a worldwide jobless rate of 6.5 percent last year.

The FOMC again pledged to keep the benchmark lending rate low until the economy achieves "full employment," in keeping with the Fed's new policy stance.

Tesla reported 2020 profits of US$721 million, compared with a 2019 loss of $862 million.

Blowout quarterly updates from the two Silicon Valley giants highlighted how consumers increasingly relied on social media, digital services and gadgetry as they hunkered down for the global health crisis.

The supervisory board is led by Finance Minister Sri Mulyani Indrawati, with members including State-Owned Enterprises (SOEs) Minister Erick Thohir as well as three professionals overseeing the fund’s operations.

The eager players to tap into this new form of banking span from traditional banks, including the country’s biggest private lender Bank Central Asia (BCA), to homegrown decacorn Gojek.

Wall Street banks were already struggling to attract and retain young talent before the pandemic.

Up to 500 new tech vacancies are posted each week on job sites, according to NodeFlair, which is helping hire for Bytedance and Sea’s e-commerce business Shopee.

The IMF estimates that close to 90 million people are likely to fall below the extreme poverty threshold during 2020-2021.

The government has extended tighter mobility restrictions until Feb. 8 for regions of Java and Bali with overwhelmed healthcare facilities.

The US technology stalwart reported net income of $15.5 billion in the final three months of last year, a 33 percent jump from the same period in pre-pandemic 2019.

Boarded-up stores, shuttered restaurants and empty office towers: Covid-19 has turned New York's famous business districts into ghost towns, with companies scrambling to come up with ways to entice workers to return post-pandemic. 

The dollar was trapped on the back foot against major peers on Wednesday as markets wait on comments from Federal Reserve Chair Jerome Powell, who is likely to renew a commitment to ultra-easy policy.

President Joe Biden will make the announcement as part of a second batch of executive orders aimed at combating climate change, a key policy effort of the newly sworn-in president that marks an about-face from his predecessor Donald Trump who sought to maximize the country’s oil, gas and coal output.

A government report estimates that circular economy practices can help Indonesia cut waste output by between 18 and 52 percent by 2030 while generating 4.4 million new jobs.

Almost a week to the day since Joe Biden was inaugurated as the US president, Indonesia should take a look at the opportunities that may be coming its way under the new administration, and what it can do to run with them.

The previously approved budget for the program in 2021 was Rp 372.3 trillion, although authorities have said this may swell after President Joko “Jokowi” Widodo announced he wanted to run the mass vaccination campaign for free.

Industry professionals and analysts have raised a flag on the need to step up financial literacy to protect new retail investors from potential losses and inadvertently falling foul of investment laws.

ILO data show that women and younger workers were most affected, while the hardest-hit sectors were accommodation, food services, retail and manufacturing, it said.

Asian stocks dipped on Tuesday, retreating from record highs as lingering concerns about potential roadblocks to the Biden administration’s US$1.9 trillion stimulus weighed on sentiment, dragging US Treasury yields to three-weeks lows.

As a result, airline bookings made as of Jan. 19 for Lunar New Year travel have plunged 73.7 percent compared with the holiday period in 2019, according to data from travel analytics firm ForwardKeys provided to Reuters. ForwardKeys did not provide 2020 data, saying the early days of the COVID outbreak distorted the numbers.

The decline in advertising dollars has been exacerbated by the economic crisis caused by the coronavirus pandemic, as well as its impact on potential readers' salaries and their ability to pay for content.

Without naming the US, Xi seemed to have a message for Trump's successor Joe Biden, who entered the White House just a few days ago, but who is not addressing the annual World Economic Forum (WEF).

Yellen is not new to the role of trailblazer as she also was the first woman to lead the Federal Reserve, from 2014 to 2018, and previously the White House Council of Economic Advisors.

The country's gross domestic product contracted 1.0 percent in 2020 from a year earlier, the Bank of Korea said, citing weak private spending and exports.

With Indonesia’s debt-to-GDP ratio forecast to increase to 40 percent this year, the government is planning to raise Rp 1 quadrillion through sovereign bond issues.

The overall investment realization grew by 2.1 percent year-on-year (yoy) to Rp 826.3 trillion (US$58.8 billion) and was higher by around 1.11 percent than the target.

Debenhams, which has long struggled with fierce online competition, will see its brand live on however after British online fashion group Boohoo earlier said it had bought the group's intellectual property assets.