Dow posts biggest single-day drop this year as new COVID-19 variant triggers market sell-off
U.S. stocks suffered from some of the biggest single-day declines of the year on Friday as a new, fast-spreading COVID-19 variant detected in South Africa triggered fresh fears that a resurgent coronavirus could scuttle the global economy's recovery from the pandemic.
Merck COVID pill effective, experts will review safety: FDA
Federal health regulators say an experimental COVID-19 pill from Merck is effective against the virus, but they will seek input from outside experts on risks of birth defects and other potential problems in pregnant women.
Stock futures, oil drop on concerns over new Covid-19 variant
Global equity markets and U.S. stock futures fell after South Africa raised the alarm over a new, fast-spreading strain of the coronavirus, triggering concern about the potential for new travel restrictions or other curbs that could limit economic activity.
Asian stock markets sink as traders watch Europe virus cases
Asian stock markets sank Friday as traders watched a surge in coronavirus cases in Europe and anti-disease controls that threaten to disrupt trade and travel.
Pfizer to offer COVID-19 vaccine for European kids 5-11
The European Union's drug regulator on Thursday authorized Pfizer’s coronavirus vaccine for use on children from 5 to 11 years old, clearing the way for shots to be administered to millions of elementary school pupils amid a new wave of infections sweeping across the continent.
Jobless claims tumble to 199,000, lowest level since 1969
The Labor Department released new data on the number of Americans filing for unemployment benefits on Wednesday morning, a day earlier than usual due to the Thanksgiving holiday.
Biden touts efforts to cool soaring inflation, says gas prices will fall 'before long'
President Biden on Tuesday outlined the steps his administration is taking to combat surging inflation ahead of the holiday season, saying the different actions will help ease supply-chain bottlenecks and reduce rising gas prices.
Pfizer's COVID-19 vaccine 100% effective in long-term protection for adolescents, trial shows
Pfizer and BioNTech said Monday that longer-term analysis found the companies' vaccine was 100% efficacious against COVID-19 infections in individuals 12- to 15 years old.
Firewood demand soars amid rising fuel costs
Americans’ demand for firewood is on the rise thanks to surging fuel prices, and firewood suppliers are struggling to keep up.
Thanksgiving travel rush: TSA says it's prepared to handle estimated 20M passengers
The TSA has been stepping up hiring efforts around the country in order to be well prepared for the volume of travelers, which will be "notably higher" than what has been seen in recent weeks.
Biden taps Jerome Powell for second term as Fed chair, spurning progressives
President Biden will nominate Jerome Powell to a second term as chairman of the Federal Reserve, signaling that he believes the battle-tested central bank chief is the best person for one of the most high-stakes jobs in the world.
Supply chain problems show signs of easing
Global supply chain woes are beginning to recede, but shipping, manufacturing and retail executives say that they don’t expect a return to more normal operations until next year and that cargo will continue to be delayed if Covid-19 outbreaks disrupt key distribution hubs.
Best cities for remote workers in 2022
More personal space, lower taxes and costs of living and even internet coverage all prove to be important factors in choosing the best place for remote workers to live.
Disney World pauses COVID-19 vaccine mandate
Walt Disney World confirmed to Fox Business Saturday that it has paused its COVID-19 vaccine mandate.
Thanksgiving travel hurdles: Surge in demand, airline staffing woes could have impact
The Thanksgiving travel rush is already underway, with U.S. fliers flocking to airports and millions of drivers expected to fill highways.
Thanksgiving dinner cost jumps with inflation on the menu
Thanksgiving dinner will cost U.S. consumers an average of 14% more this year in the biggest annual increase in 31 years, the American Farm Bureau Federation said, though shoppers can still find deals in grocery stores.
Pfizer CEO 'concerned' about a holiday COVID wave
Albert Bourla said that unvaccinated people who take a coronavirus treatment pill are making a “very big mistake.”
Oil prices skid on COVID-19 lockdowns in Europe
Oil prices are getting slammed with downward volatility on renewed COVID-19 fears.
FDA clears Moderna, Pfizer COVID-19 boosters for all US adults
The pharmaceutical companies announced Friday that the Food and Drug Administration has expanded its COVID-19 booster to all U.S. adults.
Japan proposes record stimulus package to fix ailing economy
Japan is making a major stimulus move to jumpstart that country's economy which has been weakened by the coronavirus pandemic.