‘He financed a brand-new car in his name for me — it cost over $45,000. I made aggressive payments every month and even took money from my 401(k) to pay off the car.’
Novavax Inc. has delayed plans to seek regulatory clearances for its COVID-19 vaccine, while shortages in raw materials are slowing the ramp-up of production of doses, the company said.
Epic’s main economic expert, David Evans, chairman of Global Economics Group, detailed Apple’s monopoly in smartphone operating systems as the relevant market in question.
There is now an authorized COVID-19 vaccine for younger teens, paving the way for immunizations to begin to reach a broader group of Americans at a time when the pace of vaccinations is slowing.
The U.S. economy may be seeing a powerful restart as the pandemic subsides, but the world’s largest asset manager sees pitfalls in underestimating just how slow the Federal Reserve can go in tightening monetary policy.
Chip stocks posted their worst day in two months Monday, falling into correction territory, as the tech sector retreated with the broader market trading.
The Dow Jones Industrial Average tumbled 350 points intraday from its all-time high above 35,000 Monday, while shares of highflying technology companies swooned, pulling the Nasdaq Composite sharply lower.
Shares in BioNTech surged 7% on Monday, after the German biotech’s first-quarter earnings revealed a windfall of revenue and profit amid the global push to vaccinate against COVID-19.
The Biden administration on Monday said it hasn’t offered advice to Colonial Pipeline about paying a ransom after it was victimized by an attack over the weekend.
State pension systems dropped the rate of return they assume for their investment portfolios again, continuing a two-decade long trend that public-finance experts say is necessary, even as it presents some challenges for the entities that participate in such plans.
Trulieve Cannabis Corp. said Monday it has agreed to acquire Harvest Health & Recreation Inc. in an all-stock deal valued at about $2.1 billion, the latest tie-up in a sector hoping for reforms of strict U.S. cannabis laws that would crack open capital markets.
Oil futures end a few pennies higher on Monday after a ransomware attack forces the shutdown of pipelines supplying around 45% of fuel to the East Coast, boosting speculation that the U.S. will have to slow its refining activities and boost imports of gasoline.
Chip stocks were on track for their worst day in nearly two months with the tech sector in retreat even as the broader market traded just short of record highs.
U.S. Treasury yields steady Monday morning as markets for government debt wrestled with the outlook for the economy inside and outside the U.S. after a A 266,000 April nonfarm-payrolls gain marked a big missed forecast for economists’ predictions for those data since the 1990s.