U.S. Economy
White House sees strong GDP growth in 2022 despite inflation risks
The White House sees more risks to U.S. economic activity in the months ahead thanks to rising prices and Russia’s invasion of Ukraine, but still expects healthy GDP growth in 2022. A senior administration official told CNBC that the recent rise in energy and food prices — caused in large part by Moscow’s attack on […]
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CDC panel skeptical of fourth Covid shots for broader population, says U.S. needs clear vaccine strategy
Registered Nurse Orlyn Grace (R) administers a COVID-19 booster vaccination to Diane Cowdrey (L) at a COVID-19 vaccination clinic on April 06, 2022 in San Rafael, California. Justin Sullivan | Getty Images The CDC’s panel of independent vaccine experts signaled an unwillingness to endorse fourth Covid shots for the broader U.S. population until the agency […]
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As the dollar jumps to two-year highs, the ‘Fast Money’ traders deliver winners and losers
Wall Street may be underestimating the dollar’s jump to two year highs. “With each passing day the dollar goes higher. That creates more of a headwind for the multinationals in the market in general,” “Fast Money” trader Guy Adami said on Tuesday. “A stronger dollar, as counterintuitive as it may be, is not good for […]
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Novavax says vaccine targeting Covid and flu shows promising results in early data
A health worker prepares a dose of the Novavax vaccine as the Dutch Health Service Organization starts with the Novavax vaccination program on March 21, 2022 in The Hague, Netherlands. Patrick Van Katwijk | Getty Images Novavax on Wednesday said its vaccine targeting both Covid-19 and the flu triggered an immune response similar to its […]
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Philadelphia keeps indoor mask mandate in place despite Florida judge ruling against CDC
A shopper wearing a protective mask as a precaution against the spread of the coronavirus selects fruit at the Reading Terminal Market in Philadelphia. Matt Rourke | AP Philadelphia health officials are keeping the city’s newly reinstated indoor mask mandate in place despite a federal judge’s ruling in Florida that struck down a federal requirement […]
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Op-ed: U.S. Democrats press Congress to pass China tech competition bill to create jobs and shore up supply chain
Sen. Sherrod Brown, D-Ohio, and Rep. Ro Khanna, D-Calif., both sponsored legislation that promises to invest billions of dollars in technology, strengthen the U.S. supply chain and make America’s tech sector competitive with China. They both sit on the conference committee charged with combining different versions of the bill, which separately passed the U.S. House […]
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Here’s how to choose a health insurance plan that fits your budget and life
Most Americans struggle to figure out which health insurance plan will save them money. It is a process that can be confusing, time-consuming and costly. A study of almost 24,000 employees at a major Fortune 100 company found that 61% of them chose the wrong plan for their needs. The average employee could have saved […]
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Here are the new 2022 growth forecasts for 21 countries
The IMF cut its global growth forecast for 2022 because of the Ukraine war, but some countries are affected worse than others. VCG | Visual China Group | Getty Images IMF 2022 growth projections Country 2022 real GDP forecast India 8.2% Saudi Arabia 7.6% Spain 4.8% China 4.4% Australia 4.2% UAE 4.2% Singapore 4.0% Canada […]
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Moderna says its redesigned Covid vaccine produced stronger immunity against omicron than current shots
A healthcare worker fills a syringe with Moderna COVID-19 vaccine at the Giorgio Companies site in Blandon, PA where the CATE Mobile Vaccination Unit was onsite to administer Moderna COVID-19 Vaccines to workers, April 14, 2021. Ben Hasty | MediaNews Group | Reading Eagle via Getty Images Moderna on Tuesday released clinical data demonstrating that […]
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J&J lowers 2022 revenue and earnings expectations, stops giving Covid vaccine sales guidance
Syringes and a box of Johnson & Johnson vaccine. Paul Hennessy | SOPA Images | LightRocket | Getty Images Johnson & Johnson on Tuesday lowered its full-year sales and earnings outlook, and stopped providing Covid-19 vaccine revenue guidance due to a global supply surplus and demand uncertainty. J&J is now forecasting 2022 sales of $94.8 […]
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