Drugmakers examine effectiveness of COVID-19 vaccines and treatments against new, more infectious South African strain

Drugmakers and health officials are trying to reassure Americans that COVID-19 vaccines and antibody-based coronavirus treatments will still be effective against a new strain of the virus that has emerged from South Africa.

Oil ends lower as demand concerns undermine support from supply decline

Oil futures settle with a loss on Thursday, as concerns over a slowdown in energy demand, due to the impact of the latest resurgence of coronavirus pandemic, undermine support provided Wednesday from a bigger-than-expecte...

As new coronavirus strains raise questions about mask quality, the N95 market in the U.S. is still facing supply issues

Government officials in the U.S. and Europe have called for stricter mask protocols as more infectious strains of the coronavirus circulate, yet there is still concern that demand for respirator masks in the U.S. far outwe...

U.S. suffers another 4,000 COVID deaths in a single day as Fauci warns about new strains

The global case tally for the coronavirus-borne illness COVID-19 climbed above 100.9 million on Thursday and the U.S. death toll head toward 430,000, after another 4,000 lives were lost in a 24-hour period for a second str...

Starbucks’ COVID-related sales shift includes larger group orders

Starbucks says COVID-19 drove down U.S. same-store sales during fiscal second quarter, but drove up the size of the average order.

The new B.1.1.7 is a ‘super-spreader’ strain. Here’s how the U.S. can control it, says Dr. Eric Topol

Of all the news coming out about the virus that has wreaked havoc on our lives for the last year, the emergence of several possibly more infectious variants in different parts of the world is worrying.

Intel’s build-in-America emphasis is about more than profits — it’s also about national security

Asian markets sink after Wall Street’s worst day in months

Asian shares skidded on Thursday as a reality check set in about longtime economic damage from the coronavirus pandemic, giving Wall Street its worst day since October.

Biden administration pauses Trump arms sales to Gulf states for further review

The Biden administration has put a temporary hold on several major foreign arms sales initiated by the administration of then-President Donald Trump.

OPEC’s Barkindo stresses importance of oil market stability and investment

In prepared remarks to the S&P Global Platts Americas Petroleum and Energy Virtual Conference on Wednesday, OPEC Secretary General Mohammed Barkindo said OPEC+ will continue to assess the oil market on a month to month bas...

Surge in shipping costs adds to inflation worries — ‘no one in the industry was prepared for this spike’

Already eyeing the potential inflationary surge sparked by further U.S. fiscal relief, investors may have to reckon with another source of inflation - rising shipping rates.

Jack Ma’s Ant Group responds to regulatory pressure from China with major reorganization

Financial group led by Alibaba CEO is set to turn itself into a financial holding company overseen by China’s central bank.

Asian markets little changed after ho-hum day on Wall Street

Markets have meandered since last week as investors weighed solid corporate earnings results against renewed worries that troubles with COVID-19 vaccine rollouts and the spread of new variants of coronavirus might delay a ...

Goldman cuts CEO Solomon’s pay by $10 million over 1MDB scandal

Goldman Sachs Group Inc. slashed Chief Executive David Solomon’s 2020 pay by 36%, punishment for the bank’s admission last year that it broke U.S. laws in its dealings with an investment fund at the heart of a global corru...

When foreign direct investment in the U.S. fell off a table last year, China seized the No. 1 global rank

Flows into the U.S. were nearly halved in 2020, while investments flowing into China crept up 4%.

China’s central bank chief struggles to answer question on Ant Financial IPO

Yi Gang, the veteran central bank chief of the People's Bank of China, is no stranger to challenging questions. But when asked by the editor of the Financial Times whether a fellow Chinese regulator made a mistake in initi...

Oil prices end mixed as traders weigh risks to crude supplies and demand

Oil futures end on a mixed note on Tuesday, with U.S. benchmark prices down but global benchmark Brent crude modestly higher, as traders weigh potential risks to supplies, as well as demand.

U.S. COVID-19 death toll tops 423,000 as Biden prepares to boost daily vaccination targets

The U.S. death toll from the coronavirus-borne illness COVID-19 climbed above 423,000 on Tuesday, as President Joe Biden prepared to boost his target for daily vaccinations to 1.5 million Americans a day, up from 1 million...

Asian markets pull back as investors seek direction

Shares fell in Asia on Tuesday after a choppy session on Wall Street yielded mixed results as the market struggled to find direction.

Oil prices get a boost from risks to global supplies

Oil futures finish higher Monday, lifted by supply concerns as Iraq reportedly plans to cut production and Libya sees disruptions to crude exports due to a pay dispute.