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A global coronavirus vaccine rollout suffered a major blow Friday as Pfizer said it would delay shipments of the jabs in the next three to four weeks due to works at its key plant in Belgium. Pfizer said the modifications at the Puurs factory were necessary in order to ramp up its production capacity from […]

Dow recovers as investors await new stimulus bill from Congress

More On: stocks Tesla stock slides on first day in S&P 500 Stocks tumble as new COVID-19 strain overshadows stimulus deal Owe, here we go! Running the deficit for COVID relief will haunt the nation Poshmark files to go public after turning profits this year US stocks plunged and then recovered Monday as fears about […]

Moderna sinks 6% as investors continue to secure profits from massive vaccine rally

David L. Ryan/The Boston Globe/Getty Images Moderna slumped as much as 6.2% on Friday as investors sold off on encouraging news regarding the company’s coronavirus vaccine. A panel of Food and Drug Administration experts recommended the vaccine be approved for emergency use on Thursday, a key step that will set the shot up for distribution […]

US stocks edge lower as jarring drop in retail sales offsets stimulus progress

Craig Ruttle/AP US equities dipped slightly on Wednesday as investors weighed progress towards a stimulus compromise against disappointing economic data. Congressional leaders are close to agreeing on a stimulus package that includes just under $900 billion in relief funds, according to Politico. The deal could be finalized as early as Wednesday morning. Spending at US […]

Virus surge turns deadlier as Democratic bigwigs break the rules

Former Surgeon General on the collateral effects of COVID lockdowns Dr. Richard Carmona shares insight into the mental and physical health impacts of the pandemic on ‘The Daily Briefing’ After nine months of blaming the pandemic on President Trump, some Democrats are turning out to be utter hypocrites. They preach about masks and social distancing […]

Credit Suisse says Asian stocks will kick off an ‘earnings super-cycle’ in 2021

Credit Suisse said Asian stocks look set to outperform global markets next year as an "earnings super-cycle" is expected to kick off across the region. The Swiss bank has forecast 19% in U.S. dollar returns in the MSCI Asia excluding Japan Index between now and end-2021, compared with 15% globally. Credit Suisse's favorite market is […]

US economy to shrink as surging coronavirus infections foreshadow 'grim winter'

‘Critical’ to pass stimulus before holidays: Problem Solvers Caucus co-chair Rep. Tom Reed, R-N.Y., and Rep. Josh Gottheimer, D-N.J., who are Problem Solvers Caucus co-chairs, discuss bipartisan efforts to pass coronavirus stimulus for Americans. JPMorgan Chase & Co. expects the U.S. economy will shrink in the first quarter as states rollback coronavirus reopenings due to […]

Biden's climate goals will be harder to achieve without China, says Wood Mackenzie

President-elect Joe Biden's climate plan would put the U.S. in "a much stronger position on climate change leadership," said Gavin Thompson, Wood Mackenzie's Asia Pacific vice chairman for energy. But it remains to be seen whether that strength would be a source of conflict or an opportunity to collaborate with China, he wrote in a […]

Hershey profits soar as US binges on sweets during COVID-19 lockdowns

The Hershey Co. posted a sweet third-quarter profit as Americans stocked up on chocolate and baked their own treats amid the coronavirus pandemic. The Pennsylvania candy maker’s operating profits climbed 33 percent to $611 million from July to September as locked-down consumers gobbled up Hershey bars and Reese’s peanut butter cups — well before the […]

Biden to deliver speech as ballot count shows him ahead of Trump

Fox News anchors on the significance if Biden wins the Keystone State Fox News anchors Bret Baier, Bill Hemmer and Martha MacCallum weigh in on the state of the presidential election Democratic presidential nominee Joe Biden will deliver a speech to the country in the coming hours. The speech from the former vice president, scheduled for […]