Senator Mark Warner (D-VA) interviewed David Marcus, head of Facebook’s Calibra (Digital Wallet Service), during a testimony prior to a hearing of the Senate Committee on Banking, Housing and Urban Affairs on “Review of Facebook’s Proposed Considerations on Digital Currency and.” Privacy “in Washington. 16th July 2019. Erin Scott | Reuters A new democratic law…

US stocks fluctuated on Friday, with major averages trying to end their best week since November as investors hoped a disappointing January job report would add the likelihood of further stimulus. The Dow Jones Industrial Average rose 40 points. The S&P 500 rose 0.1% and the Nasdaq Composite was flat after both closed at record…

Johnson & Johnson filed with the Food and Drug Administration for emergency approval to use its coronavirus vaccine after data was released last week showing that protection against the virus was about 66% effective. If the application is approved by J&J, this will be the third Covid-19 vaccine approved for emergency use in the US…

Ken Frazier, Chairman and CEO of Merck & Co., speaks during an Economic Club of New York meeting on October 3, 2018. Brendan McDermid | Reuters The outspoken chairman and CEO of Merck, Ken Frazier, is retiring after almost 30 years with the drug manufacturer, the company announced on Thursday. The 66-year-old Frazier will be…

American Airlines announced Wednesday that it will be sending vacation notices to approximately 13,000 employees this week as a second round of government payroll assistance expires next month and demand for travel continues to be in ruins. “The vaccine is not being distributed as quickly as neither of us anticipated, and new restrictions on international…

U.S. stock futures rose early Wednesday after a strong market rally as the Reddit trading frenzy continued to develop. Dow futures indicated an opening gain of around 60 points. S&P 500 futures and Nasdaq 100 futures also traded in positive territory. Strong profits from Amazon and Alphabet helped the future. Amazon reported that profits nearly…

Amazon announced in its fourth quarter 2020 earnings report that AWS CEO Andy Jassy will replace Jeff Bezos as CEO in the third quarter of this year. Bezos will move to the role of CEO. At $ 125.56 billion, the company posted the highest-revenue quarter of all time, surpassing the symbolic mark of $ 100…

A person walks past a GameStop in the Manhattan neighborhood of New York City, New York, the United States, on Jan. 29, 2021. Carlo Allegri | Reuters GameStop’s shares continued to lose ground on the Tuesday before the bell, with shares of the volatile retail favorite dropping more than 25% in premarket trading. The post-close…

US Treasury bond yields fell slightly on Monday, the first day of trading in February. The benchmark 10-year Treasury note yield fell to 1.08% around 3:30 p.m. ET while the yield on the 30-year Treasury note fell to 1.85%. The returns move inversely to the prices. U.S. Treasury bond yields fell earlier in the week…

A 1 kilogram gold bar sits on top of silver bars at the London bullion dealer Gold Investments in this arranged photo in London, Great Britain, on April 4, 2013. Simon Dawson | Bloomberg | Getty Images Silver futures contracts rose early Monday morning as the Reddit-fueled boom in high-short stocks appeared to spill over…