Month: May 2022
Fetterman raises $1.6 million in one day after winning Pennsylvania Democratic Senate primary, campaign says
John Fetterman, lieutenant governor of Pennsylvania and Democratic senate candidate, speaks in a recorded message during a primary election night event in Pittsburgh, Pennsylvania, US, on Tuesday, May 17, 2022. Justin Merriman | Bloomberg | Getty Images Pennsylvania Lt. Gov. John Fetterman raised $1.6 million in just 24 hours after winning the Democratic primary to compete […]
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CDC panel recommends Pfizer booster shot for kids ages 5 to 11 as Covid cases rise across the U.S.
The Centers for Disease Control and Prevention’s independent vaccine experts recommended a Pfizer Covid booster shot for children ages 5 to 11 on Thursday, as infections rise across the country and immunity from the first two doses wanes off. The committee voted 11-1 in favor of a booster for the age group. CDC Director Rochelle […]
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Druckenmiller is betting against the wider market, while seeing value in energy stocks
Billionaire investor Stanley Druckenmiller added a sizable bet against the S & P 500 in the first quarter, while piling into a slew of energy names during the market turmoil. Duquesne Family Office bought 2,396 put contracts of the SPDR S & P 500 ETF (SPY) in the first quarter, according to a regulatory filing. […]
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Earth’s oceans have reached the hottest and most acidic levels on record, UN says
A diver inspects transplanted coral near Dibba Port in Fujairah, United Arab Emirates, June 15, 2020. Christopher Pike | Reuters Oceans reached their hottest and most acidic levels on record last year, the World Meteorological Organization said Wednesday, marking a major consequence of climate change from human-induced greenhouse gas emissions. The findings were part of […]
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These fortress stocks hold up the most during bear markets and pay a nice dividend
With the S & P 500 close to crossing into a bear market as stocks continue their 2022 slide, investors looking for stable names in rocky times have a few opportunities. The broad market index on Thursday fought to stay green. It was down about 18% for the year and sitting 19% from last year’s […]
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Apple reportedly showed off its mixed reality headset to board of directors
An augmented reality feature shows the finished Apple Park at the Apple Park Visitor Center on November 17, 2017 in Cupertino, California. Amy Osborne | AFP | Getty Images Apple’s board of directors previewed its mixed-reality headset last week, according to Bloomberg, suggesting that Apple’s next major new product category could launch soon. For Apple, […]
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Stocks making the biggest moves midday: Cisco, Kohl’s, CSX and more
Cisco logo exhibited during the Mobile World Congress, on February 28, 2019 in Barcelona, Spain. NurPhoto | Getty Images Check out the companies making headlines in midday trading Thursday. Harley-Davidson – Shares of the motorcycle maker fell more than 8% after the company said it’s suspending most vehicle assembly and shipment for two weeks due to a […]
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‘A dereliction of duty:’ U.S. lawmakers grill FDA commissioner over baby formula shortage
Robert Califf testifies during the Senate Health, Education, Labor and Pensions Committee hearing on the nomination to be commissioner of the Food and Drug Administration on Tuesday, Dec. 14, 2021. Bill Clark | CQ-Roll Call, Inc. | Getty Images U.S. lawmakers on Thursday grilled Food and Drug Administration Commissioner Dr. Robert Califf about a nationwide […]
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Inflation-fighting Fed isn’t focused on impact of rates on stocks, Esther George Says
Kansas City Federal Reserve President Esther George said Thursday that higher interest rates are needed now to bring down inflation and that policymakers are not focused on the impact that is having on the stock market. In a CNBC interview, the central bank official noted that the Fed is looking to tighten financial conditions, of […]
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Elon Musk says he doesn’t plan to donate to GOP super PACs in upcoming elections — despite feud with Biden
Billionaire entrepreneur Elon Musk says he has no current plans to fund a Republican super PAC in the upcoming U.S. elections, including any that oppose President Joe Biden in the 2024 presidential race. The Tesla and SpaceX CEO, who is listed by Forbes as the wealthiest person in the world, told CNBC in an email […]
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