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BioNTech, Pfizer ask Europe to OK vaccine for emergency use


Created: Tue, 01 Dec 2020 12:37:54 -0500

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The EU drug agency says it may need another four weeks to decide whether to grant its first approval for a coronavirus vaccine, even as authorities in the United States and Britain continued to aim for a green light before Christmas

Read more: BioNTech, Pfizer ask Europe to OK vaccine for emergency use


Mnuchin defends shut down of Fed emergency loan programs


Created: Tue, 01 Dec 2020 12:37:47 -0500

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Treasury Secretary Steven Mnuchin is defending his decision to close down a number of emergency Federal Reserve loan programs at a time when coronavirus cases are surging

Read more: Mnuchin defends shut down of Fed emergency loan programs


Stocks rise; S&P 500 approaches another all-time high


Created: Tue, 01 Dec 2020 12:37:57 -0500

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U.S. stocks rose broadly in afternoon trading Tuesday and the S&P 500 pushed toward another record high as investors focus on the possibility that coronavirus vaccines could soon help usher in a fuller global economic recovery

Read more: Stocks rise; S&P 500 approaches another all-time high


Nonessential shops reopen in Belgium as virus numbers drop


Created: Tue, 01 Dec 2020 12:36:22 -0500

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Nonessential shops in Belgium reopened Tuesday in the wake of encouraging figures about declining daily coronavirus infection rates and hospital admissions

Read more: Nonessential shops reopen in Belgium as virus numbers drop


Event organizer drops BookExpo, annual publishing convention


Created: Tue, 01 Dec 2020 12:16:03 -0500

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The annual publishing convention and trade show may be coming to an end

Read more: Event organizer drops BookExpo, annual publishing convention


Biden unveils economic team at critical moment for recovery


Created: Tue, 01 Dec 2020 12:07:33 -0500

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President-elect Joe Biden is set to unveil his economic team Tuesday amid growing concerns about the pace of the nation’s economic recovery as governments reimpose restrictions to curtail the surging coronavirus pandemic

Read more: Biden unveils economic team at critical moment for recovery


US construction spending jumps 1.3% in October


Created: Tue, 01 Dec 2020 12:01:39 -0500

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U.S. construction spending jumped 1.3% in October, again on the strength of single-family home building

Read more: US construction spending jumps 1.3% in October


Airbnb hopes to raise $2.6b in mid-December IPO


Created: Tue, 01 Dec 2020 11:55:59 -0500

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Airbnb hopes to raise as much as $2.6 billion in its initial public stock offering this month, betting investors will see its home-sharing model as the future of travel

Read more: Airbnb hopes to raise $2.6b in mid-December IPO


Sephora to take over cosmetics in Kohl's stores


Created: Tue, 01 Dec 2020 11:49:22 -0500

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Sephora will be replacing all cosmetics areas at Kohl’s with 2,500 square foot shops, starting with 200 locations late next year

Read more: Sephora to take over cosmetics in Kohl's stores


France's Macron warns against going skiing in Switzerland


Created: Tue, 01 Dec 2020 11:45:33 -0500

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French President Emmanuel Macron says that France will apply restrictions to prevent vacationers from going to Swiss ski resorts, and French slopes will remain closed during the Christmas season amid the coronavirus pandemic

Read more: France's Macron warns against going skiing in Switzerland


Centrist lawmakers push $908B plan to break virus impasse


Created: Tue, 01 Dec 2020 11:41:17 -0500

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A bipartisan group is pushing congressional leaders to accept a split-the-differences solution to the impasse on COVID-19 relief

Read more: Centrist lawmakers push $908B plan to break virus impasse


Is shopping in stores safe during the pandemic?


Created: Tue, 01 Dec 2020 11:30:32 -0500

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As the holiday season gets underway, health experts say to avoid shopping in stores when possible

Read more: Is shopping in stores safe during the pandemic?


Glimmers of hope for world economy, but dangers lurk


Created: Tue, 01 Dec 2020 11:28:04 -0500

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The Organization for Economic Cooperation and Development predicts that the world economy will bounce back to its pre-pandemic levels by the end of next year

Read more: Glimmers of hope for world economy, but dangers lurk


UnitedHealth forecast for 2021 is dinged by the coronavirus


Created: Tue, 01 Dec 2020 11:05:18 -0500

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UnitedHealth has debuted a lower-than-expected 2021 earnings forecast partly because of COVID-19’s total impact on the health care system

Read more: UnitedHealth forecast for 2021 is dinged by the coronavirus


UK leader touts local virus rules but pubs are in distress


Created: Tue, 01 Dec 2020 10:41:52 -0500

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British Prime Minister Boris Johnson is urging lawmakers to vote Tuesday for a new set of coronavirus restrictions in England, saying the country must “hold our nerve” until vaccines are approved and distributed

Read more: UK leader touts local virus rules but pubs are in distress


In dark day for UK retailing, 242-year-old Debenhams to shut


Created: Tue, 01 Dec 2020 10:53:15 -0500

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The future of around 25,000 retailing jobs in Britain hangs in the balance after two long-established companies failed

Read more: In dark day for UK retailing, 242-year-old Debenhams to shut


Without patients or staff, Madrid opens new $119M hospital


Created: Tue, 01 Dec 2020 10:15:50 -0500

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Authorities in Spain's capital have held a ceremony to open part of a 1,000-bed emergency hospital for COVID-19 patients

Read more: Without patients or staff, Madrid opens new $119M hospital


Nasdaq seeks mandatory rule on board diversity for companies


Created: Tue, 01 Dec 2020 09:48:49 -0500

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The Nasdaq stock exchange is seeking U.S. authority to require more diversity in the boardrooms of Nasdaq-listed companies, or to explain why they can not

Read more: Nasdaq seeks mandatory rule on board diversity for companies


OPEC talks on production hit snag as pandemic clouds outlook


Created: Tue, 01 Dec 2020 09:30:06 -0500

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The OPEC oil cartel is holding more talks Tuesday as producing countries try to reach agreement on how much oil to pump next year

Read more: OPEC talks on production hit snag as pandemic clouds outlook


With a month until split, Brexit trade deal hangs in balance


Created: Tue, 01 Dec 2020 08:39:33 -0500

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The British government says businesses must make sure they are ready for big changes when the U.K. makes its final Brexit break from the European Union in exactly a month

Read more: With a month until split, Brexit trade deal hangs in balance


Italian bank UniCredit shares sink on CEO departure


Created: Tue, 01 Dec 2020 06:43:06 -0500

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Shares in Italian bank UniCredit sank 7% on Tuesday after the bank announced overnight that CEO Jean Pierre Mustier is leaving in April due to strategy differences with the board

Read more: Italian bank UniCredit shares sink on CEO departure


Biden names liberal econ team as pandemic threatens workers


Created: Tue, 01 Dec 2020 04:18:37 -0500

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With unemployment still high and a new economic slump possible this winter, President-elect Joe Biden has announced a liberal team of economic advisers

Read more: Biden names liberal econ team as pandemic threatens workers


Asian stocks gain on stronger Chinese factory data


Created: Mon, 30 Nov 2020 23:51:42 -0500

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Asian stocks are higher after Chinese manufacturing improved, with investors looking ahead to U.S. Federal Reserve Chairman Jerome Powell’s appearance before legislators

Read more: Asian stocks gain on stronger Chinese factory data


Biden names liberal econ team as pandemic threatens workers


Created: Mon, 30 Nov 2020 21:41:08 -0500

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With unemployment still high and a new economic slump possible this winter, President-elect Joe Biden has announced a liberal team of economic advisers

Read more: Biden names liberal econ team as pandemic threatens workers


CSX plans to buy regional railroad in northeastern U.S.


Created: Mon, 30 Nov 2020 19:42:02 -0500

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CSX is acquiring a regional railroad in New England to bolster its network in the northeastern United States, but a rival railroad says the deal could hurt competition

Read more: CSX plans to buy regional railroad in northeastern U.S.

 
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