A man waits for pharmacist Joe Borge in Danvers, MA on Feb. 1, 2021. On the first day of Phase 2 of the COVID-19 rollout, seniors, 75 and over, get vaccinated in the Walgreens Pharmacy, at 107 High Street, in Danvers. Pat Greenhouse | Boston Globe | Getty Images The […]
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U.S. Covid hospitalizations and cases are falling, but new strains could undo that progress
A coronavirus disease (COVID-19) patient is moved to one of the COVID-19 wards at SSM Health St. Anthony Hospital in Oklahoma City, Oklahoma, Jan. 28, 2021. Nick Oxford | Reuters The United States appears to be turning a corner on the Covid-19 pandemic as cases and hospitalizations rapidly fall across […]
Pfizer plans to deliver 200 million doses of Covid vaccine to U.S. by May, sooner than expected
A vaccination tray of Pfizer BioNtech vaccines. Matthias Bein | picture alliance | Getty Images Pfizer plans to deliver 200 million doses of its coronavirus vaccine to the U.S. by May, earlier than its initial forecast of July, according to slides published Tuesday by the drugmaker ahead of its fourth-quarter […]
Democrats kick off the process toward passing $1.9 trillion Covid relief plan
Senate Majority Leader Chuck Schumer (D-NY) speaks to the media during a news conference in the U.S. Capitol in Washington, U.S., January 26, 2021. Al Drago | Reuters Congress will take its first votes Tuesday on the path toward passing Democrats’ $1.9 trillion coronavirus relief package. Both the House and […]
Sen. Elizabeth Warren asks Robinhood to explain why it restricted GameStop trades after hedge funds losses
Sen. Elizabeth Warren on Tuesday asked Robinhood in a letter to explain why it restricted trading in red-hot shares of GameStop after hedge funds suffered huge losses in a short squeeze. Warren, D-Mass., noted that the online brokerage last week abruptly changed trading rules for individual investors in certain stocks […]
GameStop plunges more than 50%, has lost two-thirds of its value since Friday
Shares of GameStop sank further on Tuesday, with shares of the volatile retail-trader favorite sliding 51% to about $110 per share. The tumble follows a more than 30% drop during the regular market session Monday after finishing at $325 per share on Friday. That brings the two-day loss to roughly […]
Dow rallies 600 points as the GameStop trading mania continues to reverse course
U.S. stocks jumped on Tuesday, building on a strong rally in the previous session as concerns about a speculative retail trading frenzy continued to ease. The Dow Jones Industrial Average climbed about 610 points, while the S&P 500 gained 1.7% after posting its best day since November on Monday. The […]
GameStop plunges another 39%, but is well off the day’s lows in wild trading
Shares of GameStop sank further on Tuesday, with shares of the volatile retail-trader favorite sliding 55% to about $100 per share. The tumble follows a more than 30% drop during the regular market session Monday. The stock has now slid almost 70% since Friday’s close. GameStop’s shares have traded wildly […]
Boeing cuts its 777X backlog by more than a third after pushing back deliveries until 2023
A Boeing 777X airplane flies above the Boeing Everett Factory David Ryder | Reuters Boeing cut its backlog of 777X planes by more than a third after the aerospace giant announced fresh delays to its newest plane’s debut, according to a new securities filing. The Chicago-based manufacturer last week said […]
Market rally accelerates as concerns about retail trading frenzy ease, Dow pops 500 points
U.S. stocks jumped on Tuesday, building on a strong rally in the previous session as concerns about a speculative retail trading frenzy eased. The Dow Jones Industrial Average climbed about 500 points, while the S&P 500 gained 1.4% after posting its best day since November Monday. The tech-heavy Nasdaq Composite […]