Plus, wildfires continue to burn on the U.S. West Coast, Trump won’t extend the deadline for TikTok to feel its U.S. operations, China is testing a intranasal spray vaccine, and Peloton delivered an earnings beat.
Read MorePlus, weekly jobless claims were higher than expected, AstraZeneca said it still expects to know whether its coronavirus vaccine will be safe and effective before the end of this year, and LVMH is suing Tiffany.
Read MorePlus, LVMH is scrapping its bid for Tiffany, Lululemon delivered an earnings beat, and Walmart is testing drone delivery for grocery items.
Read MorePlus, the Senate will vote on a “skinny” coronavirus relief bill this week, companies in the race to produce COVID-19 vaccines pledged to avoid shortcuts on science in the approval process, and Microsoft announced a smaller version of its new Xbox gaming console.
Read MorePlus, the unemployment rate fell to 8.4% in August, the WHO said it doesn’t expect the world will see large-scale coronavirus vaccinations until mid-2021, and Peloton announced a new lower-priced treadmill and a new premium bike model.
Read MorePlus, new weekly jobless claims totaled 881,000, Pfizer said it could have results from its Phase 3 coronavirus vaccine trial as early as October, and Tesla has fallen to near bear market territory.
Read MorePlus, ADP said private payrolls grew by just 428,000 in August, and Macy’s shares are up even after posting a loss as online sales jump 53% in its most recent quarter.
Read MorePlus, Tesla said it plans to sell up to $5 billion in new stock, Walmart said it will launch its Walmart+ subscription service on September 15, and Apple is expected to announced its new iPhones in October.
Read MorePlus, U.S. cases of the coronavirus are about to surpass 6 million, China threw a wrench in TikTok-owner ByteDance’s sale of its U.S. operations, and Amazon one approval from the FAA for its drone delivery service.
Read MorePlus, Japanese Prime Minister Shinzo Abe is stepping down, House Speaker Pelosi said Democrats and Republicans are at a “tragic impasse” on coronavirus relief negotiations, Abbott Laboratories inked a deal with the U.S. government for 150 million of its rapid coronavirus antigen test.
Read MorePlus, Fed Chairman Powell announced a move to “average inflation targeting,” initial jobless claims again came in above 1 million, and Amazon is getting into the wearables market.
Read MorePlus, Moderna said its coronavirus vaccine candidate showed a promising immune response in older patients in an early trial, Kansas City Fed President Esther George warned of a double-dip recession, and McDonald’s has reportedly expanded the scope of its investigation against former CEO Easterbrook.
Read MorePlus, the FDA Commissioner is walking back comments on the benefits of convalescent plasma, American Airlines announced it is laying 19,000 workers, and Best Buy shares are down even after reporting a great quarter.
Read MorePlus, the FDA issued emergency use authorization of convalescent plasma to treat hospitalized coronavirus patients, TikTok is suing the U.S. government, and another electric vehicle startup is going public.
Read MorePlus, U.S. sales of previously owned homes surged the most on record in July, Deere delivered an earnings beat, and Tesla shares surged past $2,000.
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