U.S. Economy
Novavax posts first profitable quarter as Covid vaccine rolls out around the world
Rafael Henrique | LightRocket | Getty Images Novavax on Monday reported its first profitable quarter as its Covid vaccine rolls out across several countries around the world, though the company still missed earnings and revenue expectations. Novavax stock was down more than 8% in after hours trading. Novavax reported net income of $203 million in […]
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Yellen says financial system working well despite ‘potential for continued volatility’
U.S. Treasury Secretary Janet Yellen testifies during a hearing before Senate Banking, Housing and Urban Affairs Committee on Capitol Hill November 30, 2021 in Washington, DC. Alex Wong | Getty Images Treasury Secretary Janet Yellen believes the U.S. financial system is in working order, but that Russia’s invasion of Ukraine and China’s Covid-19 lockdowns are […]
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U.S. will limit next generation Covid vaccines to high-risk people this fall if Congress doesn’t approve more funding
The U.S. will have to limit the next generation of Covid vaccines this fall to individuals at the highest risk of getting seriously sick from the virus if Congress fails to approve funding to purchase the new shots, according to a senior Biden administration official. The official, who spoke on condition of anonymity, warned that […]
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40 percent of America’s baby formula supplies are out of stock
A baby formula display shelf is seen at a Walmart grocery store in Orlando. Stores across the United States have struggled to stock enough baby formula, causing some chains to limit customer purchases. Paul Hennessy | Lightrocket | Getty Images There appears to be no end in sight to America’s baby formula shortage, according to […]
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Kevin O’Leary says there are plenty of good places to ‘hide’ as interest rates rise
As interest rates in the U.S. rise, investors can put their money to work by looking at companies in the S&P 500 that can “increase their prices” and “maintain margins,” Kevin O’Leary told CNBC. “There’s plenty of them. That’s a good place to hide when you’re getting a 2% dividend yield,” the celebrity investor said […]
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After Covid-era boom, newly public tech stocks hit first major hurdles
It was fun while it lasted, but after years of sky-high valuations, Silicon Valley is engulfed in its worst sell-off since the 2008 stock market crash. After a pandemic-fueled boom sent tech names soaring, many of those businesses have seen the worst six months of their lives as publicly traded companies. Peloton, the exercise startup, is emblematic […]
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Your cash savings may finally yield a higher return — but only at certain banks
Guido Mieth | DigitalVision | Getty Images Banks are starting to pay a higher return on your cash — good news for savers who’ve seen their stockpiles languishing from a gruesome combination of low interest rates and high inflation. However, some banks are moving faster than others. Some, particularly traditional brick-and-mortar shops, may not budge […]
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Couples cut wedding expenses as inflation and demand make walking down the aisle pricier
Nicole Brandfon and her fiance Adam Alonso are planning a wedding in Colombia, rather than Miami, because it was more affordable. Source: Nicole Brandfon Nicole Brandfon and her fiance, Adam Alonso, will hop on a plane from Florida to South America early next year for a destination wedding. The international trip wasn’t their original plan, but […]
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‘Pass the damn bill’: Biden demands chips legislation to counter China tech rise
U.S. President Joe Biden arrives to deliver remarks during a visit at United Performance Metals in Hamilton, Ohio, May 6, 2022. Elizabeth Frantz | Reuters President Joe Biden on Friday demanded Congress swiftly pass the Bipartisan Innovation Act, a multibillion dollar investment in the U.S. semiconductor industry that Republicans and Democrats say will help insulate […]
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CDC investigating 109 cases of severe hepatitis in children across 25 states and territories, including 5 deaths
The Centers for Disease Control and Prevention (CDC) headquarters in Atlanta, Georgia. Tami Chappell | Reuters The Centers for Disease Control and Prevention is investigating 109 cases of severe hepatitis, including five deaths, the public health agency said on Friday. Ninety percent of the children were hospitalized and 14% required liver transplants, according to the […]
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