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Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Moderna (MRNA) Chief Medical Officer Paul Burton said he suspects the new omicron coronavirus variant may elude current vaccines, and if so, a reformulated shot could be available early in the new year,...

From the Philly Fed: The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for October 2021. Over the past three months, the indexes increased in 49 states and decreased in one state, for a three-month diffusion index of 96. Additionally, in the past...

These forecasts are prior to the news on the B.1.1.529 variant: Heavily mutated coronavirus variant puts scientists on alertGoldman Sachs also put out a note prior to the variant news: “We now expect the Fed to announce at its December meeting that it is doubling the pace of tapering to $30bn...

Equities in Toronto were set for their third-straight session of gains on Thursday, aided by technology and energy shares, although trading volumes are likely to be low because of the U.S. Thanksgiving holiday.

The S&P/TSX Composite progressed 78,23 points to greet noon at 21,626.66.

The...

Clipper Logistics (CLPLF) and Farfetch (FTCH) announced they have agreed to establish a joint venture company, formalizing the creation of an e-commerce fulfilment solution for luxury brands. The joint venture "will create a unique logistics offering for inventory from Farfetch's group of...

U.S. investment bank Goldman Sachs (NYSE:GS) has named online retail giant Amazon (NASDAQ:AMZN) as its top technology stock pick for 2022.

Goldman Sachs says that Amazon’s underperformance is set to come to an end as we enter the New Year.

After trailing the rest of its technology peers...

The United States announced a release from its Strategic Petroleum Reserve (SPR) on Tuesday, saying at the same time that it hopes OPEC+ would continue to add 400,000 barrels per day (bpd) to its production every month as per the plan outlined in July.

While the U.S. Administration wants...

From the Fed: FOMC Minutes, Minutes of the Federal Open Market Committee, November 2-3, 2021. Excerpt on inflation: Participants generally saw the current elevated level of inflation as largely reflecting factors that were likely to be transitory but judged that inflation pressures could take...

The Census Bureau reports New Home Sales in October were at a seasonally adjusted annual rate (SAAR) of 745 thousand.The previous three months were revised down significantly. Sales of new single‐family houses in October 2021 were at a seasonally adjusted annual rate of 745,000, according to...