The Biden administration wants to steer the American economy away from fossil fuels that contribute to climate change. So why are oil prices and energy stocks and bonds rallying?
Pinterest Inc. capped off a roaring 2020 by adding a record 100 million-plus users for the year and posting 76% year-over-year growth in fourth-quarter revenue on the strength of holiday retail, the company said Thursday.
Treasury Secretary Janet Yellen convened a meeting with the nation’s top regulators Thursday, who are continuing to review whether recent volatility in popular “meme stocks,” and brokers response to it, “are consistent with investor protection and fair and efficient markets,” according to a Treasury Department statement.
Shares of Gilead Sciences Inc.’s stock gained 2.1% in after-hours trading on Thursday after the drug maker surprised investors with better-than-expected sales of its COVID-19 drug Veklury during the fourth quarter of 2020.
Snap Inc. shares slumped 10% in extended trading Thursday after the social-media company announced mixed results but warned a change in Apple Inc.’s forthcoming operating system could present a risk for advertising.
Peloton Interactive Inc. notched its first-ever quarter with revenue above $1 billion, but its shares sank in after-hours trading after the company’s investments in shipping and other areas meant to address delivery delays weighed on its earnings outlook for the current period.
New York Times Co. Chief Executive Meredith Levien on Thursday addressed the elephant in the room, by telling analysts there was still a lot going on in the world to keep subscribers engaged, even without Trump.
Stock benchmarks Thursday aim for a fourth straight gain as investors brace for the busiest day of the fourth-quarter earnings reporting season and parse a better-than-expected weekly update on employment amid the COVID-19 pandemic.
President Joe Biden will focus on foreign policy on Thursday, giving a speech about “reclaiming America’s role in the world,” and how it can benefit the middle class, according to the White House.
Investors warn the cheery mood in global stock and commodity markets could come to a violent end if Chinese policymakers tighten lending to prevent their economy and financial markets from overheating.
The productivity of American workers fell by 4.8% in the fourth quarter — the biggest decline in 39 years — as the coronavirus cast another dark shadow over the economy.
Futures for gold and silver face sharp losses Thursday, as a rise in the dollar, combined with buoyant Treaury yields helped to weigh on prices for precious metals.
U.S. Treasury yields rise early Thursday’s trade as labor-market data suggested the economic hit from the pandemic’s resurgence at the end of the year is easing.