Business

Pfizer Shares Fall After Dow Jones Reports Supply Chain Problems

Pfizer shares fell as much as 3.1% after Dow Jones reported that the company expected to ship half of the Covid-19 vaccines it had originally planned for 2020 because of supply-chain problems.


U.S. Junk Bond Yields Hit Record Low for Second Time This Year

U.S. junk bond yields breached record lows for the second time this year as the Federal Reserve’s long-term zero interest rate policy and hopes of a wide distribution of a coronavirus vaccine push investors into riskier assets.


British Cry Foul as Brexit Negotiations Hit Last-Minute Bump

Brexit trade talks that were on the verge of a breakthrough descended into a fight between the U.K. and France on Thursday as the British government said prospects of an imminent deal had receded.


Stocks making the biggest moves after hours: Ulta Beauty, DocuSign, Cloudera & more

See which stocks are posting big moves after the bell.


What Africa Needs Now Is Its Own Singapore

Explosive growth in Southeast Asia carries lessons for other poor regions of the world.


Investing apps make it easy for beginners. Here's how I started.

Behind complicated terms and a slew of numbers lies an opportunity for retirement funds or another stream of income. Is it time to become investor?


Ulta Slides as Mask-Wearing Consumers Steer Clear of Makeup

Ulta Beauty Inc. shares fell in late trading after its third-quarter results showed a murkier path to recovery as consumers choose to stockpile groceries over make-up.


Boeing’s Breakthrough Max Deal Signals Hope for Travel Rebound

This year’s biggest jetliner deal signals there’s a growing sense of optimism that travel demand will come roaring back from a historic collapse once coronavirus vaccines are widely available.


Denmark Ends North Sea Oil Exploration, Drops Production in 2050

Denmark will stop offering new oil and gas licenses in the North Sea and will phase out production all together in 2050 as part of the country’s goal to become fossil free.


Johnson Commits U.K. to Deepest Greenhouse Gas Cuts in G-20

Boris Johnson pledged the deepest cuts in greenhouse gas emissions in the Group of 20 nations, aiming to put the U.K. in the vanguard of the fight against climate change.


Meat Lobby Group Calls for Vaccine Priority for Plant Workers

The U.S. meat industry wants its workers early in line for the Covid-19 vaccine, once healthcare employees and those in long-term care facilities get the shot, the North American Meat Institute said Thursday in a statement.


WarnerMedia CEO Jason Kilar doesn't think he just destroyed the movie theater industry

WarnerMedia CEO Jason Kilar refused to say if his decision to put all 17 of Warner Bros. movies on HBO Max the same day they hit theaters will go beyond next year.


Theater Chains Vexed by Warner Bros.’ Straight-to-Streaming Move

Theater chains such as AMC Entertainment Holdings Inc. and Cinemark Holdings Inc. are firing back at Warner Bros. after the studio overhauled its film-release strategy and sent their shares plummeting.


Pentagon blacklists China chipmaker SMIC and oil producer CNOOC

The additional four companies added Thursday brings the total number of blacklisted firms to 35.


U.K. to Exempt ‘High-Value’ Business Travelers From Quarantine

The U.K. moved to exempt “high-value” executives from rules requiring people entering the country to quarantine for two weeks, in a move designed to boost business.


PG&E rate hike aimed at improvements to ease fire risk

SAN RAMON, Calif. (AP) — Pacific Gas & Electric's household customers will be hit with an average rate increase of 8% to help the once-bankrupt utility pay for improvements designed to reduce the risks that its outdated equipment will ignite deadly wildfires in its Northern California service territory. The higher prices, approved Thursday, take effect March 1 and are expected to boost the bills of PG&E's residential customers by an average of...


Stocks Steady After Recent Surge; Dollar Holds Dip: Markets Wrap

Asian stocks began Friday in a mixed fashion as investors weighed the recent strength in global equities against signs of possible further lockdowns in the U.S., a move that could threaten the economic recovery. The dollar held its retreat.


Gas Spread Going Negative Shows Traders Doubting a Cold Winter

A closely watched U.S. natural gas price spread flipped to negative, signaling that traders have all but given up already on the prospect of a cold winter.


Wall Street Keeps Pushing Into China as Washington Balks

A year into China’s big bang opening of its financial markets, Wall Street has ever more to lose from a growing consensus in Washington over reining in Beijing.


China’s CNOOC Among Four Firms Cited by U.S. for Military Ties

The Pentagon added four more Chinese companies to a list of firms it says are owned or controlled by China’s military, exposing them to increased scrutiny and potential sanctions by the U.S.


Supply chain delays marred Pfizer's initial vaccine rollout plans, but the company says it will still deliver on the supply it promised the US

But Pfizer and BioNtech maintain they will produce 1.3 billion doses by the end of 2021, making up for this year's shortfall by ramping up production.


Warner Bros. movies are coming to HBO Max

Business Insider's top advertising and media stories for December 4.


A real estate limited partnership is like a private fund that lets you profit passively from large property investments

A real estate limited partnership (RELP) is a private investment that pools investors' funds to buy and develop properties. Payouts come from sales.


Best Christmas gift cards to buy if you've got no idea what to get your loved ones

With only a couple of weeks left to go until Christmas day, these are the top giftcards and e-vouchers to keep on your radar and there's something for everyone


Boom-Year for Financial Services M&A Still Has More to Come

Financial services dealmaking is booming.


Dollar Bears Vindicated by Landmark Week as Drop Accelerates

It’s turning into a week of vindication for proponents of a weaker dollar as the case they’ve been making for years may be gaining steam.


Disney to Shutter Radio Network Amid Focus on TV, Streaming

Walt Disney Co. is closing its more than two-decade-old Radio Disney network, a casualty of the company’s growing focus on TV and video streaming.


ECB Seen Extending and Boosting Stimulus to Battle Longer Crisis

The European Central Bank will extend two key stimulus programs through the end of next year to support the economy until vaccines are widely enough available to entrench the recovery, according to economists surveyed by Bloomberg.


Fauci walks back critical remarks of UK's authorization of Pfizer vaccine

"The U.K. has decided to do it a little bit differently, they've gone over it very quickly," Fauci had told Sky News earlier.


Biden’s Trump Lesson, 4-Day Week, SNB Digital Currency: Eco Day

Happy Friday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help take you through to the weekend.


OPEC+ Clinches Compromise on Gradual Easing of Output Cuts

OPEC+ agreed to ease oil-output cuts next year after almost a week of fraught negotiations that exposed a new rift at the heart of the cartel.


Stocks Retreat From Records Amid Vaccine Concern: Markets Wrap

U.S. stocks retreated from record highs just before the close of trading to finish little changed after a report briefly spurred confusion over the Covid vaccine roll out.


Nasdaq closes at record high as Congress inches toward stimulus deal

Lawmakers warmed up to the $908 billion proposal Democratic leaders embraced on Wednesday, placing new pressure on Senate Republicans to compromise.


Banxico Frets Over Senate Bid to Force It to Buy Dollars

Mexico’s senate may vote as soon as next week on a currency bill that has sounded alarm bells at the central bank and risks triggering sanctions from the U.S.


Pfizer Scaled Back Vaccine Output Targets Earlier This Year

Pfizer Inc. scaled back its Covid-19 production targets earlier this year after the drugmaker ran into difficulties securing all the materials it needs to produce the shots at a large scale.


California Warns of Lockdowns in Most of State Within Days

California, the first state to tell residents to stay home to fight the coronavirus pandemic, is about to do it again.


Israeli Lidar Startup Innoviz in Talks to Merge With SPAC

Innoviz Technologies Ltd., an Israeli startup focused on lidar, laser sensors used in autonomous vehicles, is in talks to go public through a merger with Collective Growth Corp., according to people with knowledge of the matter. Collective Growth surged as much as 21%.


New Zealand’s Best Stock Surges 567% With At-Home Cancer Kits

The biggest gainer on New Zealand’s benchmark index follows familiar themes for successful stocks on the gauge: a strong focus on the U.S. and an ability to tap the stay-at-home thematic.


Vitol Pays $160 Million to Settle Bribery, Manipulation Charges

The U.S. unit of the world’s biggest independent oil trader agreed to pay more than $160 million to settle allegations that it conspired to pay bribes in Latin America and attempted to manipulate energy markets, in what’s the most significant anti-corruption case against a commodity trading house in years.


Reuben Brothers to Buy New York City’s Surrey Hotel

U.K. real estate investors David and Simon Reuben are buying the upscale Surrey Hotel in New York City, in their latest push into U.S. real estate, according to a person familiar with the matter.


Family: Late Tony Hsieh, retired Zappos CEO, left no will

LAS VEGAS (AP) — Tony Hsieh, the retired CEO of online shoe retailer Zappos, left no will before he died last month in Connecticut, court documents said. Documents filed in court in Nevada on Wednesday on behalf of his family said they are “unaware of the existence of a fully executed estate plan and have a good faith belief that the Decedent died intestate.” The Connecticut state medical examiner’s office said Hsieh, who lived in Las Vegas,...


Bill Gates says we need a new federal organization and five-fold spending increase to fight climate change

The Microsoft co-founder's comments accompany a corporate push for President-elect Joe Biden to impose policies that address climate change.


Stock futures flat ahead of November jobs report

The rate of job gains have likely slowed in November due to the spike in new coronavirus cases that have led to fresh lockdown restrictions.


Oil Trades Near Eight-Month High After OPEC+ Compromise Deal

Oil traded near an eight-month high after OPEC+ reached a compromise deal to gradually taper output cuts from the start of next year.


'Dune' at Home Turns Theaters Into Wasteland

Warner Bros. is putting all its 2021 films on HBO Max at the same time they hit theaters. Guess where most people will watch.


Technicals Point to a Pause in India’s Rally

The equity rally in India has been so broad that almost every stock in the benchmark is in a technical uptrend. But if history offers a guide, that could point to an upcoming pause.


Fauci Slams U.K. Regulator for Rushing Pfizer Shot’s Review

Anthony Fauci, the U.S. government’s top infectious-disease specialist, slammed the U.K.’s drug regulator, saying that it rushed to clear the Covid-19 vaccine from Pfizer Inc. and BioNTech SE.


BioNTech Founder Vaults Into World’s Richest on 250% Surge

Ugur Sahin just reached another milestone.


U.S. Downtowns Yearn for Vaccine as Merchant Traffic Off 70%

The Chicago Loop Alliance, which promotes the downtown core, rolled out a Back-to-Work website in early October encouraging workers to put on slacks again and try returning to the office.


Could Nasdaq's proposed diversity mandates be the key to changing corporate America?

"Companies have had more than ample opportunities to diversify their boards."