Markets

US stocks resume climb as investors cheer COVID-19 vaccine progress

US stocks climbed on Wednesday after Pfizer and BioNTech revealed positive final-analysis data on their coronavirus vaccine. The companies’ candidate was 95% effective at protecting against COVID-19 in trial patients, Pfizer said Wednesday. The firms plan to apply for emergency-use authorization “within days.” The news lifted major indexes and spurred […]
US stocks resume climb as investors cheer COVID-19 vaccine progress
Markets

Treasury Secretary Mnuchin says Boeing’s 737 Max disaster could erase half a point from GDP this year — and economists fear worse

Boeing’s737 Max controversy could slash US gross domestic product by 0.5 percentage points in 2020, Treasury Secretary Steven Mnuchin told Fox News on Sunday. The Trump administration official still expects GDP to grow 2.5% through the year, citing fading global uncertainties and trade-deal breakthroughs. Mnuchin’s GDP projection is rosier than […]
Treasury Secretary Mnuchin says Boeing’s 737 Max disaster could erase half a point from GDP this year — and economists fear worse
Markets

Boeing shares jump following reports that an Iranian missile caused a fatal 737 crash — bucking claims that a technical issue downed the jet

Boeing stock jumped as much as 3% Thursday after reports claimed an Iranian missile downed Ukraine International Airlines Flight 752 on Wednesday. The Ukrainian Embassy in Iran initially attributed the 737-800 crash to a technical issue, but later pulled the statement, saying the cause was unknown and under investigation. Boeing […]
Boeing shares jump following reports that an Iranian missile caused a fatal 737 crash — bucking claims that a technical issue downed the jet