National Business

MILAN — A digital runway show by five Italian fashion designers of African origin opens Milan Fashion Week on Wednesday, one tangible result of a campaign launched last summer by the only Black Italian designer belonging to the Milan fashion chamber.

WASHINGTON — Federal Reserve Chair Jerome Powell underscored the U.S. economy's ongoing weakness Tuesday in remarks that suggested that the Fed sees no need to alter its ultra-low interest rate policies anytime soon.

CANBERRA, Australia — Facebook announced Tuesday that it would lift a ban on Australians viewing and sharing news on its platform after it struck a deal with the government on proposed legislation that would make digital giants pay for journalism.

The housing market was among the very few bright spots for the U.S. economy in the year of the lockdown and Home Depot became its supplier, racking up an unprecedented $132 billion in sales for 2020.

BETHESDA, Md. — Marriott International named a new CEO and a new president Tuesday, a little more than a week after its former leader died of cancer. Marriott said Anthony “Tony” Capuano has been appointed CEO.

SILVER SPRING, Md. — U.S. consumer confidence rose again in February as an accelerating COVID-19 vaccine push provides hope for Americans who have lived through a year of unprecedented restrictions.

NEW YORK — Macy's is looking ahead to a year of recovery and rebuilding from the pandemic as the iconic department store chain offered annual forecasts that beat Wall Street forecasts.

CALGARY — A formalized takeover bid for Inter Pipeline Ltd. that matches an informal offer made about two weeks ago suggests that Brookfield Infrastructure Partners L.P. doesn't expect a white knight to drive up the price, an analyst said Tuesday.

When Hieu Tran went searching for a new job earlier this year, a prospective employer told him he could expect to hear back from a representative three business days after his interview.

BMO Financial Group beat expectations as it reported its first-quarter profit was up compared with a year ago, before the pandemic began, as clients found ways to make their loan payments. The bank's executives also said on Tuesday that U.S.