A forecaster whose production projections are cited by automakers, suppliers and research analysts the world over just took its biggest chop yet to estimates that have been falling all year due to the global chip shortage.
Pfizer said that data from the United States and Israel suggest that the efficacy of its COVID-19 vaccine wanes over time, and that a booster dose was safe and effective at warding off the virus and new variants.
The fall product season is critical for Apple, with analysts estimating that the company will generate $120 billion in revenue during the holiday quarter. That would be an all-time record.
The expanded menu of tax options would give Democrats more flexibility as they undertake thorny negotiations among themselves over how to pay for a proposed $3.5 trillion of long-term investments in child care, education and other social programs.
Jerome Powell is viewed as the favorite to get the nod for another term leading the central bank, but progressive Democrats have praised Fed Governor Lael Brainard—widely seen as the leading rival to Powell for the top spot.
After a surge in bookings early this summer, U.S. airline passengers are planning fewer trips as the spread of the coronavirus delta variant continues to discourage travel.
The airline plans to impose a $200 monthly surcharge on employees who aren’t vaccinated against COVID-19, becoming the first major U.S. company to levy a penalty to encourage workers to get protected.
GM last week recalled Bolt EVs for the third time in nine months because of risk their batteries could catch fire. At stake is what has looked like one of the most promising partnerships in the burgeoning world of electric vehicles.
The Federal Trade Commission on Thursday filed the new complaint in federal court in Washington, alleging that Facebook violated antitrust laws by buying Instagram and WhatsApp in order to eliminate them as competitors.
As COVID-19 surged last year, governments worldwide touted the hope of “herd immunity,” a promised land where the virus stopped spreading exponentially because enough people were protected against it. That’s now looking like a fantasy.
The tumble marks a stark turnaround for the common building material after strong U.S. construction demand during the pandemic spurred a surge in orders for lumber, causing prices to more than quadruple to their May peak and fueling inflation concerns.
Nine of 13 retail categories posted increases in June sales, including solid gains at electronics and appliance outlets, clothing stores and restaurants.
The used-car lot, ordinarily a haven of haggling and wheeling-and-dealing, is now a hotbed for wallet-busting transactions.
The company said it was scheduled to have the meeting with the Food and Drug Administration and other officials Monday, days after Pfizer asserted that booster shots would be needed within 12 months.
The large-scale work trials were conducted between 2015 and 2019, initiated by the Reykjavik City Council and the Icelandic national government in response to demands from trade unions and civil society organizations for shorter workweeks.
Indianapolis-based Simon Property Group Inc. is among Authentic Brands Group’s largest shareholders.
The median national rent climbed 9.2% in the first half of 2021, according to Apartment List, and is still on the way up.
The demand for antique furniture is low, but a group of investors is betting it will increase again in the future.
Eli Lilly and Co. shares jumped more than 9% Thursday morning after it received “breakthrough therapy” designation for donanemab from the U.S. Food and Drug Administration, putting the drug on a path that could expedite its development.
Indianapolis-based mall owner Simon Property Group is among the retailer’s largest unsecured creditors; it is owed more than $3 million in rent payments.
