Coronavirus

Japan town uses COVID-19 relief funds to build giant squid

A Japanese coastal town in the western part of the country has drawn ire on social media for using some of the coronavirus relief funds it was given by the government to build a statue of a giant squid in the hopes of boosting tourism.

Goldman Sachs' US employees to return to the office in June

"We are now more than a year into navigating the myriad of challenges posed by COVID-19, and we remain attentive to the difficulties our people are experiencing," CEO David Solomon, chief operating officer John Waldron, and chief financial officer Stephen Scherr wrote in a memo to employees. "While each community is at a different stage of managing through the pandemic, we continue to be encouraged by the rollout of vaccines in a number of jurisdictions, as well as by the effectiveness of the health and safety protocols we have put in place across Goldman Sachs campuses to protect our people."

US trade deficit hits record

The U.S. trade deficit surged to a record $74.4 billion in March as an improving U.S. economy drove purchases of imported foreign goods.

Pfizer’s COVID-19 vaccine lifts quarterly results

Pfizer Inc. significantly increased revenue projections from its Covid-19 vaccine for the year, as sales from the shot over the first three months of 2021 lifted the company to a stronger quarterly profit.

NYSE to loosen COVID restrictions on May 10

The New York Stock Exchange floor is grinding its way back into pre-pandemic form, Fox Business has learned. In an internal memo sent out this afternoon, NYSE management highlighted several new policies that are set to go into effect on Monday, May 10th including loosening restrictions for traders, journalists and other floor personnel who have been fully vaccinated. The move comes as COVID-19 has begun to recede, particularly in New York City, which only a year ago was the epicenter of the pandemic in the United States, forcing wholesale closures of businesses and many big banks ordering most of their employees to work from home.