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 United Parcel Service. Inc. said Wednesday that it has enhanced its ability to produce dry ice, and its health business has partnered with freezer and refrigeration company Stirling Ultracold to provide ultra-low temperature freezers that reach a range of -20°C to -80°C. UPS will now produce 1,200 lbs. of dry ice every hour in the U.S. and Canada. These introductions are intended to aid in the storage and transport of COVID-19 vaccines when the time comes, the company said. The partnership with Stirling Ultracold is through UPS Healthcare, which handles the packaging and shipping of medical devices, labs and clinical trial logistics. UPS stock edged up 0.6% in premarket trading and has gained 47.5% for the year to date. The S&P 500 index is up 12.5% for 2020 so far.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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U.S. jobless claims rise as coronavirus pandemic worsens CBS NewsWeekly jobless claims higher than expected as labor market takes hit from rising Covid cases CNBCAnother 778,000 Americans filed first-time unemployment claims last week CNNJobless claims: Another 778,000 workers filed for unemployment as 'pandemic purgatory' worsens Yahoo FinanceLive Economy Updates: Unemployment Claims Jumped Amid Virus Surge The New York Times
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Exchange-traded funds that track the energy sector were lower midday Wednesday, but were on track for their best month on record. The Energy Select Sector SPDR Fund fell 1.5%, but has advanced 38.2% so far in November, its strongest monthly gain since 1998, when it was launched. The Fidelity MSCI Energy Index ETF was down 1.4% Wednesday, and has gained 37.9% in the month to date, about the same as the Vanguard Energy ETF . The price of oil has gained as investors grow more confident in an economic recovery thanks to COVID-19 vaccines. On Wednesday, West Texas Intermediate crude for January delivery gained more than 1% at midday, to $45.35 a barrel on the New York Mercantile Exchange.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Alabama's Nick Saban tests positive for COVID-19, will not coach Iron Bowl showdown with Auburn CBSSports.comAlabama coach Nick Saban tests positive, showing COVID-19 symptoms ESPNAlabama's Nick Saban tests positive for Covid-19 and is displaying symptoms CNN
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Coronavirus updates: US hits highest daily death toll since May; 6.4M vaccine doses likely in December; CDC may relax quarantine rules USA TODAYNovember 24 coronavirus news CNNModerna chairman, grandson of an Armenian genocide survivor, speaks about COVID-19 vaccine efforts KTLA 5What's ahead in a post-pandemic world? | TheHill The HillThe US reported more than 2,100 deaths in a single day. Things are projected to get worse
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Covid Combat Fatigue: Doctors and Nurses Are Running on Empty The New York Times
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Britain's borrowing hits peacetime high as Covid fuels economic plunge not seen for 300 years CNBCSpending Review: Key points from Rishi Sunak's statement BBC NewsRishi Sunak, U.K. finance minister, wins praise for staying calm during Covid NBC NewsUK cuts overseas aid amid worst recession in over 300 years Washington Post
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The Dow Jones Industrial Average and S&P 500 hit new highs Tuesday. But millions of Americans are out of work and COVID-19 cases are soaring, with no relief in sight. Why are investors optimistic?
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Cuomo said distributing a vaccine is going to be much harder than anticipated, citing the early difficulties states had administering Covid tests.
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Zoom stock is up 6x this year, as the company's video conferencing software became an indispensable tool for people working and learning from home through Covid-19 and the associated lockdowns. Zoom now has a market cap of over $120 billion and is now valued more richly than technology...
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U.S. equity benchmarks Wednesday morning saw muted action, a day after the Dow Jones Industrial Average breached 30,000 points for the first time, and as investors readied for pandemic-tinged Thanksgiving on Thursday when U.S. markets will be closed. The Dow Jones Industrial Average lost 90 points, or 0.3%, to trade at 29.960, the S&P 500 index slipped 0.1% to 3,631, while the Nasdaq Composite Index added 25 points, or 0.2%, at 12,061, touching closing record territory for the tech-laden index. Investors in the past week have focused on progress toward COVID-19 vaccines, and abating concerns around the presidential transition of President-elect Joe Biden. In economic reports, Labor Department employment figures showed jobless claims rose for a second consecutive week, a sign that resurging cases of COVID are taking a toll on the labor market. Meanwhile, durable goods orders rose by more than forecast. A number of other economic reports are set for today, pulled forward because of the Thanksgiving holiday on Thursday and Black Friday in the U.S. The Federal Reserve's meeting minutes from its meeting earlier this month will be released at 2 p.m.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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White House considering lifting European travel restrictions, source says CNNWhite House close to lifting Europe COVID-19 travel ban: Reuters - Business Insider Business InsiderWhite House Mulls Lifting European Travel Ban Despite Second Coronavirus Spike, Says Report The Daily BeastWhat you need to know about the coronavirus right now Yahoo News
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Retailers are bracing for new Covid-19 restrictions that could weigh on holiday sales but hope investments in digital operations will allow them to better reach consumers than in the spring when the economy locked down.
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Peloton and two other stay-at-home stocks could lose their mojo if the COVID-19 crisis ends.
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Live Updates: China says it found COVID-19 on packaging of frozen imports Fox NewsView Full Coverage on Google News
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