Pfizers PFE, -2.00% COVID-19 antiviral Paxlovid isnt effective for people who are vaccinated and healthy.The company on Tuesday shared updated data from a Phase 2/3 clinical trial evaluating Pa… [+3162 chars]
CHESTERFIELD, Va. (AP) Global toy manufacturer the LEGO Group plans to invest more than $1 billion to build a factory in suburban Richmond, Virginia, Gov. Glenn Youngkin announced Wednesday. The fac… [+1909 chars]
When Elon Musk, the CEO of Tesla (TSLA) - Get Tesla Inc. Report, speaks about the environment and the problems facing the automobile sector, industry actors listen. For many years, the billionaire… [+5022 chars]
STOCKHOLM, June 15 (Reuters) - IKEA said on Wednesday it would sell factories, close offices and reduce its 15,000-strong workforce in Russia, the latest move by the world's biggest furniture brand t… [+2930 chars]
Americans retail spending declined in May, as consumers felt the pinch from inflation, higher gasoline prices and rising interest rates that make car purchases more expensive. Retail salesa measure … [+224 chars]
Two major real estate firms announced layoffs this week, both of which have a large presence in the Bay Area.Compass reduced its staff by about 450 people across the country, though the company would… [+1538 chars]
Germanys Volkswagen GroupVWAGY could grab the top electric vehicle maker crown from Tesla Inc TSLA, according to a research report by BloombergIntelligence. What Happened: Volkswagens battery electr… [+1910 chars]
President Biden is receiving backlash after penning a letter to seven top oil executives, demanding to know why more gasoline is not going on the market. Marc Short, Chief of Staff to former Vice Pr… [+1524 chars]
Parents of America, youre in the home stretch. In all likelihood, Covid-19 vaccines for children under the age of 5 are days away from being available to your little ones. The Food and Drug Administ… [+20851 chars]
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) … [+2881 chars]
A look at the day ahead in markets from Sujata Rao The bond selloff triggered by last week's May consumer inflation print got fresh legs on Tuesday when U.S. factory gate inflation or PPI was reveal… [+2323 chars]
Sentiment among the nation's homebuilders fell for the sixth straight month to the lowest level since June 2020, when the economy was grappling with shutdowns stemming from the Covid pandemic. The N… [+1660 chars]
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