Business

Dr. Joseph Varon, left, and other medical staff member talk to a patient in the COVID-19 intensive care unit (ICU) at the United Memorial Medical Center on December 6, 2020 in Houston, Texas. Go Nakamura | Getty Images The Food and Drug Administration could authorize a coronavirus vaccine as early as the end of this week. The

Chinese Foreign Minister Wang Yi speaks at a news conference after restoring diplomatic ties with Kiribati on the sidelines of the United Nations General Assembly in New York, U.S. September 27, 2019. Mark Kauzlarich | Reuters BEIJING — The U.S. should reduce its “interference” in China’s domestic affairs and development in order to improve relations

Voluspa scented candles for sale at Bloomingdale’s Inc. flagship department store in New York, U.S., on Wednesday, Oct. 21, 2020. Nina Westervelt | Bloomberg | Getty Images Perfume and cologne are typically popular holiday gifts. This year, however, the beauty industry is getting a boost from a different kind of fragrance: Home scents. The reason?

Nikolay Storonsky, chief executive of Revolut, on stage at the MoneyConf fintech event in Lisbon, Portugal. Seb Daly | Web Summit | Getty Images LONDON — Digital banking start-up Revolut on Friday launched tools for its business clients to accept payments online, looking to compete with payment giants such as Stripe and Adyen. Revolut said

A nurse administers a flu vaccination shot to a woman at a free clinic held at a local library on October 14, 2020 in Lakewood, California. Mario Tama | Getty Images Children and young teens could get a Covid-19 vaccine in the second half of next year, an advisor for the Centers for Disease Control

A customer exits a Big Lots store in Clifton, New Jersey. Emile Wamsteker | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Big Lots — The retail stock sank 9% after the company declined to give guidance as part of its third-quarter earnings report. Big Lots beat analyst expectations on

California Street, usually filled with iconic cable cars, is seen mostly empty in San Francisco, California on March 17, 2020. Josh Edelson | AFP | Getty Images San Francisco Bay Area health officials announced on Friday that they would implement California’s new stay-at-home order early, even though they haven’t reached the state’s threshold triggering the

People receive food at a distribution site during the coronavirus pandemic. Spencer Platt | Getty Images News | Getty Images The U.S. economy added 245,000 jobs in November and the unemployment rate fell to 6.7%, the Bureau of Labor Statistics said Friday. It’s the seventh consecutive month of improvement from the depths of the Covid

2021 Ford Bronco Source: Ford DETROIT – Ford Motor is delaying the launch of its upcoming Bronco SUV from spring to summer of next year due to coronavirus-related problems in its supply chain, the company told its dealers Friday afternoon. Customers who had reserved vehicles were expected to begin the ordering process Monday. That has

President Donald Trump has a bill on his desk that could kick several Chinese companies off of U.S. stock exchanges and inflame an already strained relationship between Washington and Beijing. The Holding Foreign Companies Accountable Act would force companies to give up their listings on Wall Street if they refuse to open their books to

California governor Gavin Newsom Rich Pedroncelli | Pool | AP California will impose a limited stay-at-home order on certain regions of the state where Covid-19 cases are placing a strain on intensive care units, Gov. Gavin Newsom announced Thursday. The state will be split into five regions — the Bay Area, Greater Sacramento, Northern California,

Wall Street may be underpricing a risk associated with the next Federal Reserve meeting on interest rates. According to Richard Bernstein Advisors’ Michael Contopoulos, it may come down to President-elect Joe Biden’s pick for Treasury secretary: former Fed Chair Janet Yellen. Contopoulos speculates the Fed could see her appointment as a dovish influence and it

Travelers wearing protective masks cross a street outside a Southwest Airlines Co. check-in area at Oakland International Airport in Oakland, California, U.S., on Monday, Oct. 19, 2020. David Paul Morris | Bloomberg | Getty Images Southwest Airlines is warning 1,200 pilots and 1,500 flight attendants could be furloughed, labor unions said Thursday. Southwest like other

There may be more juice left in the fourth quarter. Ally Invest’s Lindsey Bell said she believes the backdrop supports December gains. “We’re positive that it will be a good end to 2020,” the firm’s chief investment strategist told CNBC’s “Trading Nation” on Wednesday. Bell sees optimism surrounding another coronavirus aid package providing a near-term

Former President Barack Obama speaks in support of Democratic presidential nominee Joe Biden during a drive-in rally at the Florida International University on November 02, 2020 in Miami, Florida. Joe Raedle | Getty Images Former President Barack Obama said Wednesday that he will take a coronavirus vaccine once one is available and may film it

Check out the companies making headlines in midday trading.  Palantir — The tech company slid more than 10% after Morgan Stanley downgraded the stock to underweight. The firm said Palantir now trades at a “significant premium” to its peers following shares’ more than 100% jump since the company went public on Sept. 30. Tesla —

United Airlines and Delta Airlines jets Sam Hodgson | Bloomberg | Getty Images The Senate has set aside $17 billion for airlines in a more than $900 billion bipartisan proposal providing additional coronavirus aid that was released Tuesday, according to people familiar with the matter. Airlines received $25 billion under the CARES Act in March