LONDON — The latest coronavirus vaccine developments have brightened the outlook for the U.S. economy, with UBS economists boosting their GDP forecasts for the country. Pfizer and BioNTech announced Monday that their Covid-19 vaccine was more than 90% effective in preventing the infectious disease. The announcement fueled optimism that the […]
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Axios’ Mike Allen: GOP worries Trump’s election fight may hurt chances of keeping Senate control
Republicans are concerned that President Donald Trump‘s refusal to concede the presidential election to Democrat Joe Biden could have negative consequences in the battle over control the U.S. Senate, Axios’ co-founder Mike Allen told CNBC on Friday. “The conversations I have, Republicans are very worried that this foot dragging is […]
DraftKings stock jumps after reporting third-quarter beat, surge in users
The entrance from the elevators, designed to resemble a tunnel entering a stadium, is pictured at the new DraftKings office in Boston on March 25, 2019. David L. Ryan | The Boston Globe via Getty Images Shares of sports betting company DraftKings jumped 6% in premarket trading Friday after the […]
Covid cases in America could be near zero in around 6 months, UBS economist says
LONDON — The latest coronavirus vaccine developments have brightened the outlook for the U.S. economy, with economists at UBS boosting their GDP forecasts for the country. Pfizer and BioNTech announced Monday that their Covid-19 vaccine was more than 90% effective in preventing the infectious disease. The announcement fueled optimism that […]
The Dow is set to rise 200 points to end a volatile, but winning week
U.S. stock futures were higher early Friday as investors bet again on stocks that would benefit from a potential effective vaccine and economic recovery next year. Shares of Disney gained 4% in premarket trading after reporting better-than-expected results. Shares of Carnival Corp., United Airlines and Boeing gained in premarket trading, […]
Egyptian billionaire Naguib Sawiris says Turkey’s Erdogan wants to be ‘new Ottoman emperor’
Egyptian billionaire Naguib Sawiris leveled strongly worded criticism at Turkey’s President Recep Tayyip Erdogan this week, accusing the leader of making a “very big mess” in the Middle East. “We have Mr. Erdogan’s new ambitions to become the new Ottoman emperor of the region,” he told CNBC’s Hadley Gamble on […]
U.S. stock futures are higher as traders weigh virus resurgence and its impact on the economy
U.S. stock futures were higher early Friday morning as Wall Street continues to grapple with the rising number of coronavirus cases and its potential economic impact. Dow Jones Industrial Average futures traded 119 points higher. S&P 500 futures and Nasdaq 100 futures also traded in positive territory. Earlier on Thursday, […]
UAE to get its first Reaper drones, clinches F-35 deal as Trump administration pushes through final arms sales
A pair of MQ-9 Reapers from the 46th Expeditionary Attack Squadron are parked on the flightline at Ali Al Salem Air Base, Kuwait, June 9, 2020. Senior Airman Isaiah J. Soliz | U.S. Air Force DUBAI, United Arab Emirates — The United Arab Emirates is now the closest it’s ever […]
Will Europe reopen in time for Christmas? Here’s what JPMorgan thinks
A seller demonstrates the candlesticks at a shop during the Christmas market at Kontraktova Square in Kiev. SOPA Images | LightRocket | Getty Images LONDON — Will Europe reopen in time for Christmas? It’s the question on the minds of many Europeans as the holiday season approaches, with experts at […]
China faces the challenge of keeping its Big Tech in check — just like the U.S. does
Jack Ma, CEO of Chinese e-commerce giant Alibaba, speaks during his visit at the Vivatech startups and innovation fair, in Paris on May 16, 2019. Philippe Lopez | AFP | Getty Images GUANGZHOU, China — China’s technology giants are firmly in the crosshairs of the country’s regulators who are trying […]