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Biden presses Congress for quick COVID aid deal
Today 16:11 EST
President-elect Joe Biden on Friday pressed Congress to cut a quick deal on COVID-19 relief, but said aid will be a long-term prospect as the country struggles with the pandemic.
This 25-year-old is now a billionaire, after his self-driving car company Luminar went public
Today 15:44 EST
Austin Russell founded Luminar Technologies in 2012 and joins a short list of people who have amassed a billion-dollar fortune before the age of 30
Weak November jobs report opens door for Fed to expand purchases of longer-dated Treasurys
Today 15:42 EST
Many economists think the weak U.S. November jobs report gives the Fed a green light to take another easing step at their policy meeting in ten days.
Billionaires and philanthropy bigwigs want Congress to fix tax laws so charities can get more money faster
Today 15:35 EST
The Ford Foundation and former Democratic presidential candidate Tom Steyer are among those who say they want to 'accelerate charitable giving.'
About 150 U.S. GM dealers to part ways with Cadillac, rather than invest in upgrades to sell electric cars
Today 15:32 EST
About 150 General Motors Co. dealers have decided to part ways with Cadillac, rather than invest in costly upgrades required to sell electric cars, according to people familiar with the plans,...
Shares of Smith & Wesson Brands Inc. rallied Friday, after the gun maker reported another big profit beat and sales that more than doubled, as demand for firearms continued to surge to record levels.
Retirement is traumatic — even when it’s happy
Today 14:30 EST
Warner Bros. streaming shake-up praised by some analysts, while others say it won’t work
Today 14:28 EST
AT&T Inc. is the latest company to shake up the movie landscape amid the pandemic, and analysts are divided on the company's new strategy.
A high-tech push for NY’s post-COVID future: Factories
Today 14:26 EST
What if America’s urban centers could start building real stuff again? Kevin Czinger is doing it with high-powered computing and nimble 3-D printing technology.
Shares of General Electric Co. rose Friday toward a nine-month high, after BofA Securities analyst lifted his stock price target by 18%, amid a more upbeat outlook on the industrial conglomerate's...
When can I get a COVID-19 vaccine? Will the shots be free? Your vaccine questions, answered
Today 12:53 EST
Pfizer and Moderna, the two vaccine makers closest to gaining emergency-use authorization, have announced encouraging early efficacy results.
An often-cited measure of stock valuations, popularized by Warren Buffett, is affirming a growing fear on Wall Street: equity prices are richer than their fundamental underpinnings.
Gold prices have climbed sharply in 2020, a year rocked by a pandemic that led to economic restrictions and fiscal stimulus measures, feeding the precious metal’s appeal as a haven investment. Many of...
The torrent of new coronavirus cases is putting the brakes on hiring, triggering more layoffs and coaxing some people to skip work, raising a new threat to the U.S. economic recovery.
Pelosi says there is ‘momentum’ for deal on COVID aid
Today 11:39 EST
House Speaker Nancy Pelosi says Friday that talks on a COVID-19 relief package have "momentum," and that the weaker-than-expected November jobs report gives more reason for Congress to act.
‘It is just a road that could take several years.’ Prospects for a quick privatization of Fannie Mae and Freddie Mac dim following Mnuchin comments
Today 11:38 EST
In an appearance on Capitol Hill this week, Treasury Secretary Steven Mnuchin emphasized that Fannie and Freddie should have ‘appropriate capital’ before ending government control.
Weekend reads: How this American couple retired to Greece
Today 11:25 EST
The U.S. set yet another record for new cases and fatalities in a single day from the coronavirus illness COVID-19 and the nation’s leading public health agency said there could be up to 19,500 deaths...
Gold has fallen, and it can’t get up
Today 10:37 EST
These 30 companies have increased sales and boosted margins the most during the pandemic
Today 10:34 EST
Factory orders record sixth straight monthly gain in October
Today 10:11 EST
New orders for factory goods rose 1% in October, the sixth straight monthly gain, the Commerce Department said Friday.
Joe Biden wants 100 days of mask wearing to protect against COVID-19 — here’s how they help save lives
Today 9:47 EST
Despite evidence showing they are not nearly as effective as masks, teachers and students in some schools and colleges are wearing face shields in lieu of masks.
‘Job growth has seriously slowed’ — economists react to ‘disappointing’ November employment report
Today 9:39 EST
Here are some initial reactions from economists and other analysts in the wake of Friday’s disappointing jobs report covering November.
U.S. trade deficit widens in October
Today 9:20 EST
The U.S. trade deficit widened 1.7% to $63.1 billion in October, the Commerce Department said Friday.
New Jersey hit a monthly record of $93.5 million in October revenue from online poker and online casinos, up 106.7% from October 2019.
Gains for oil prices boosted heavily weighted oil companies in Europe, helping to lift the FTSE to an outperforming Friday. And traders grow optimistic about a Brexit deal.
The economy regained 245,000 jobs in November and the unemployment rate declined again, the government said Friday, but hiring also fell to a seven-month low and a record rise in coronavirus cases is...
Shares of Li Auto Inc. dropped in premarket trading Friday, putting them on track for a seventh-straight decline, after the China-based electric vehicle maker's public share offering priced at a...
Gold prices head for longest win streak in nearly 4 months
Today 8:20 EST
Gold prices rise for a fourth straight session on Friday, putting bullion on track to notch the longest win streak since early August, and helping the commodity notch its first weekly gain in the past...
Oil futures rise Friday, with the global benchmark nearing the $50-a-barrel threshold a day after the Organization of the Petroleum Exporting Countries and its allies agreed to gradually taper...