Shale explorers parked more drilling rigs in the U.S. this week as stagnant oil prices push the industry to extend a historic retrenchment.
The Federal Reserve could allow inflation to accelerate above its 2% goal if has underperformed it in the past, said Dallas Fed President Robert Kaplan.
CureVac BV, a competitor in the race for a coronavirus vaccine, soared as much as 206% in its trading debut after raising $213 million in a U.S. initial public offering priced at the top of a marketed range.
A warning from the head of Canada’s housing agency about risky mortgage lending has won support from at least one other federal agency.
Duck Creek Technologies Inc., a software provider for insurers, climbed as much as 65% in its trading debut after raising $405 million in an initial public offering priced above the targeted range.
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