One week after authorizing the first COVID-19 vaccine for Americans, the Food and Drug Administration has granted a second emergency authorization, to Moderna Inc.’s COVID-19 vaccine.
Lawmakers voted Friday to give negotiators another two days to reach agreement on a massive economic stimulus to offset the pandemic and annual funding for the government, hours before the government was slated to shut down.
Security-software stocks soared Friday, as investors bet that the fallout from one of the most devastating hacks in U.S. history will lead to increased security spending by companies and government agencies.
Federal prosecutors charged a China-based executive at U.S. company Zoom Video Communications Inc. with conspiring to disrupt videoconference commemorations of the crackdown on the 1989 Tiananmen Square democracy protests.
The Federal Reserve on Friday loosened its ban on share buybacks for the largest banks that were put in place earlier this year to ensure the sector had enough capital to continue to function during the coronavirus pandemic.
Congressional Democrats called on regulators to enact stricter oversight of commission-free trading apps in interviews with MarketWatch, in the wake of online brokerage Robinhood’s $65 million settlement with the Securities and Exchange Commission for misleading customers about how it makes money from customer’s trades.
Tesla Inc. is set to join the U.S. equities’ major leagues on Monday, a relatively routine move turned unprecedented by the sheer size of the Silicon Valley electric-car maker’s market valuation.
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.