The U.S. current-account deficit, a measure of the nation’s debt to other countries, rose 10.6% in the third quarter largely because of an increase in the trade gap on goods.
Treasury yields trade little changed Friday, with investors tracking talks on Capitol Hill toward a $900 billion package of economic relief and vaccine developments as COVID-19 cases continue to surge.
Oil futures were little changed Friday, but were on track for a seventh straight weekly rise as traders remained optimistic about vaccine rollouts and prospects for U.S. lawmakers to reach a deal on an economic relief package.
Analysts said the combination of Brexit and stimulus talks building into a potentially newsy weekend may see investors stick to the sidelines or take risk off the table on Friday.
Microsoft Corp. was breached as part of the massive hack that used a backdoor in SolarWinds software, as part of what the tech giant’s president called “effectively an attack on the United States.”
Sixteen years after Google’s IPOs, two major antitrust lawsuits filed against it detail a bevy of anticompetitive behavior, painting a powerful and yes, evil, company.
The campaign by President Donald Trump and his allies to cast doubt on the legitimacy of the November elections has dealt long-lasting damage to U.S. democracy and will set up the nation for more drama on Jan. 6.
Walt Disney Co. executive chairman Robert Iger has told people close to the incoming Biden administration that he would be interested in serving as U.S. ambassador to China, according to people familiar with the matter.
An independent advisory committee on Thursday voted 20-0-1 that the benefits of Moderna Inc.’s COVID-19 vaccine candidate outweigh the risks, a recommendation that sets the stage for the likely second FDA authorization of a vaccine during the pandemic.