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Moderna's Vaccine News Bolsters Markets: Live Business Updates

Stocks climb further into record territory, bolstered by news of a Moderna vaccine. Stocks rallied Monday, lifted by results that showed a second coronavirus vaccine was highly effective in preliminary tests. The S&P 500 rose 1.2 percent, after having ended last ...

PNC to buy BBVA's US banking arm for $11.6 billion in cash

(Reuters) - PNC Financial Services Group Inc PNC.N said on Monday it would buy the U.S. business of Spanish lender BBVA BBVA.MC for $11.6 billion in cash, further consolidating the U.S. banking sector. FILE PHOTO: The logo above a PNC Bank is ...

Trump's SEC Chairman Is Stepping Down

Jay Clayton, who has led the securities regulator since 2017, will leave by the end of the year.

Tourism, Engine for NYC Economy, May Not Fully Recover Until 2025

Double-decker sightseeing buses carried fewer than 10 passengers on runs around Manhattan on Monday. Big ferries arrived at the Statue of Liberty with their lower decks nearly empty. Some of the city's largest hotels had few guests, while others were ...

Moderna says its vaccine is 94.5% effective in preventing COVID-19

(Reuters) - Moderna Inc said on Monday its experimental vaccine was 94.5% effective in preventing COVID-19 based on interim data from a late-stage clinical trial, becoming the second U.S. company in a week to report results that far exceed expectations.

Early Data Show Moderna's Coronavirus Vaccine Is 94.5% Effective

The drugmaker Moderna announced on Monday that its coronavirus vaccine was 94.5 percent effective, based on an early look at the results from its large, continuing study. Researchers said the results were better than they had dared to imagine. But the ...

Spain's BBVA to sell US banking arm to PNC for $11.6 billion

(Reuters) - Spain's BBVA BBVA.MC is to sell its U.S. business to PNC Financial Services Group Inc PNC.N for $11.6 billion in cash, in one of the biggest global banking deals this year. FILE PHOTO: The logo above a PNC Bank is shown in Charlotte, North ...

China Economy Gathers Steam, Setting Stage for a Strong End to the Year

Wall Street Journal

Wall Street Journal

BEIJING—China's economic activity posted a broad-based recovery in October, paving the way for a faster economic rebound in the final quarter of the year. Both investment and consumer spending grew at faster year-over-year rates in October than the ...

Spain's BBVA exits US in $11.6 billion deal with PNC

MADRID/NEW YORK (Reuters) - Spain's BBVA BBVA.MC is to sell its U.S. business to PNC Financial Services Group Inc PNC.N for $11.6 billion in cash in one of the biggest global bank deals this year, which sees yet another European lender retreat from the ...

Saudi Aramco plans debt market comeback with multi-tranche bond deal

DUBAI (Reuters) - Saudi Aramco said on Monday it had hired banks for a multi-tranche U.S. dollar-denominated bond issuance, as the world's largest oil company seeks cash amid lower oil prices. FILE PHOTO: A view shows branded oil tanks at the Saudi ...