WELLINGTON (Reuters) – New Zealand on Wednesday warned against “vaccine nationalism” that could delay the rollout of international shipments after its medicines regulator provisionally approved the use of the Pfizer-BioNTech vaccine.Slideshow ( 2 images )Prime Minister Jacinda Ardern said she still expected supplies of the Pfizer-BioNTech product to arrive in the country by end-March, but expressed concern at any attempt […]

WASHINGTON (Reuters) -U.S. President Joe Biden on Tuesday ordered a review of asylum processing at the U.S.-Mexico border and the immigration system as he seeks to undo some of former President Donald Trump’s hardline policies. Biden also created a task force to reunite migrant families who were separated at the border by Trump’s 2018 ‘zero tolerance’ strategy. “We are going […]

NEW YORK (Reuters) -The sharp slide in GameStop Corp shares is stemming the bleeding for short sellers, even though some who bet against the high-flying stock have already exited the trade to cut their losses.Slideshow ( 3 images )Short sellers saw paper gains of $3.57 billion during Tuesday’s session, as GameStop’s shares dropped 60% to $90, according to analytics firm […]

(Reuters) – Google parent Alphabet Inc on Tuesday reported record revenue for the second straight quarter despite the pandemic, driving shares up 6% as it topped estimates for both advertising and Cloud sales as customers unleashed budgets for the holidays.FILE PHOTO: A 3D printed Google logo is seen in this illustration taken April 12, 2020. REUTERS/Dado Ruvic/IllustrationCutbacks by travel and […]

FILE PHOTO: International Monetary Fund (IMF) Acting Managing Director David Lipton attends a news conference after a meeting at the Chancellery in Berlin, Germany October 1, 2019. REUTERS/Hannibal HanschkeWASHINGTON (Reuters) – David Lipton, an economist who served as a senior official at the International Monetary Fund and U.S. Treasury, will return to government service as a senior adviser to Treasury […]

Shares of Cassava Sciences soared over 200% Tuesday after the company announced positive data on its leading drug candidate for the treatment of Alzheimer’s disease. The stock price of Cassava Sciences surged toward an almost 10-year high, on track to close at its highest level since June 2011.  Simufilam, the drug candidate, improved the cognition and behavior of patients following […]

LONDON (Reuters) – The Reddit online forum that fired up a global trading frenzy was in a more sober mood on Tuesday, with many retail investors begging others to “buy the dip” as their favourite stocks plunged.FILE PHOTO: Reddit mascots are displayed at the company’s headquarters in San Francisco, California April 15, 2014. REUTERS/Robert GalbraithAn army of retail punters had […]

This month is the heart of the current earnings season, and Wednesday is no exception. More than 120 publicly traded companies are scheduled to report earnings this week, with more than 450 issuing results by the end of the week. We have previews on three major reports scheduled for release Wednesday afternoon and a couple of interesting reports due before […]