The National Rifle Association said late Friday that it has filed for chapter 11 in a Texas bankruptcy court, saying the “restructuring plan” will help streamline its legal and financial affairs and ensure its “continued success.” The organization also said it was leaving New York and going forward with plans to reincorporate in Texas. “The

U.S. stock-market benchmarks finished lower on Friday, booking weekly losses after a third straight drop in retail sales highlighted weakness in consumer spending at the turn of the year. The Dow Jones Industrial Average fell 177 points, or 0.6%, to 30,814, based on preliminary numbers. The S&P 500 slipped 0.7% to end around 3,768. The

The Centers for Disease Control and Prevention said Friday that a new more infectious strain of SARS-CoV-2 will likely become the most dominant form of the virus in the U.S. by March. The strain, B.1.1.7, was first identified by health officials in the United Kingdom in December. The CDC said in a new report that

Oil futures declined Friday, prompting U.S. prices to pare their gain for the week, pressured as fresh outbreaks of COVID-19 in China dulled the outlook for energy demand. “China’s growing health crisis has led to a fall in oil as it is the largest importer of energy in the world,” said David Madden, market analyst

Shares of 3D Systems Corp. tumbled 11% in afternoon trading Friday, after J.P. Morgan analyst Paul Coster turned bearish on the 3D printing company, citing an “unfavorable” risk-versus-reward profile at current prices. The stock has skyrocketed more than four-fold (up 329.7%) over the past three months, to close Thursday at the highest price since April

Duke Energy Corp.’s subsidiary Duke Energy Florida (DEF) announced Friday agreement to push its clean energy program for the state, including investing in electric vehicle charging stations and accelerating the retirement of coal plants, but will also include base rate increases over the next three years. The utility company said the agreement is subject to

Gold futures declined on Friday as strength in the U.S. dollar weighed on prices for the precious metal, leading to gold’s modest loss for the week. “Gold has a strong case to rise higher, but it won’t shake off a surging dollar,” said Edward Moya, senior market analyst at Oanda. “Gold could soften towards $1,800

Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil rose by 12 to 287 this week. That followed increases in each of the last seven weeks. The total active U.S. rig count, which includes those drilling for natural gas, was also up by 13 to 373, according to Baker

FedEx Corp. is adding a surcharge for its large customers delivering to residences, in an effort to provide “the best possible service during this challenging time.” Starting Feb. 15, will apply a surcharge of 30 cents per package for customers who ship more than 30,000 weekly average packages from Jan. 4 through Jan. 31. The

Bumble Inc. disclosed Friday that it has filed for an initial public offering, as the Texas-based dating-app maker is looking to go public at a time of strong investor for IPOs and after a strong year for rival Match Group Inc. . Bloomberg had reported last month that Bumble had filed confidentially for an IPO,