Key Points
- Remote work surged during the Covid-19 pandemic and appears to have staying power.
- It has endured largely because it has perceived benefits for both workers and employers, economists said.
Why remote work has staying power: It’s ‘still kicking,’ economist says
Finance
Stocks making the biggest moves premarket: Lyft, Moderna, Cloudflare, Ford, Zillow Group and more
Check out the companies making headlines before the bell: Moderna — Shares tumbled 10% after the pharma giant said the Food and Drug Administration refused to review its application for an experimental flu shot, mRNA-1010. Moderna said it has requested a meeting with the FDA to “understand the path forward.” Humana — The health insurance company […]
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Finance
Crypto’s ‘age of speculation’ may be over, says Galaxy CEO Mike Novogratz
Key Points Bitcoin is down more than 21% so far this year, and nearly 50% from its peak in October. Galaxy CEO Mike Novogratz said crypto’s “age of speculation,” where investors expected outsized returns, may be ending as more risk-adverse players enter the sector. “It’s going to be real world assets with much lower returns,” […]
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Finance
Vatican Bank makes first foray into equity indexes, setting stage for potential ETF launches
Key Points The Vatican Bank launched on Tuesday two equity indexes tracking stocks that it said are consistent with Catholic ethical principles. Its Eurozone fund includes semiconductor supplier ASML Holding and telecommunications company Deutsche Telekom, while the US-based index holds Meta and Amazon, among other stocks. The debut sets up the possibility of licensing […]
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