The majority of Moderna’s (MNRA) revenue comes from governments abroad — which are bracing are for an ongoing need for COVID-19 vaccines this year. While the U.S. waits on funding and for the U.S. Food and Drug Administration (FDA) to decide on which virus strain to attack through boosters, Moderna and other vaccine companies are anticipating waning immunity to become a concern. “This virus is not getting less infectious,” Moderna CEO Stéphane Bancel told Yahoo Finance. “As you see more and… Source link
Read More »Stock futures fall amid China’s COVID restrictions, packed earnings week
U.S. stock futures declined Monday morning following global equities lower, as concerns over an escalating COVID outbreak in China added to jitters over U.S. economic growth in the face of heightened inflation and monetary policy tightening. Contracts on the S&P 500 fell by nearly 1% ahead of the opening bell, as the index looked to add to last week’s losses. The Dow and Nasdaq each also headed for lower opens. U.S. Treasury yields dropped, and the benchmark 10-year yield hovered just above… Source link
Read More »Why Bitcoin could be poised to fall further
Under tightening monetary pressures from central banks, Bitcoin (BTC-USD) is trading like “an overpriced tech stock,” as one analyst noted. That could potentially mean poor performance for the next few months. Bitcoin began trading this week above $40,400 Sunday before its correction early Monday morning where it slipped below $39,000 during Asian trading hours. After recovering Monday, the largest cryptocurrency briefly wafted above $42,000 before settling back at $41,168 Wednesday… Source link
Read More »Pending home sales fall for fourth straight month
The housing market in the U.S. may finally be cooling off. Pending home sales, a leading indicator of the health of the housing market, declined for the fourth straight month. The National Association of Realtors’ (NAR) Pending Home Sales Index, which tracks the number of homes that are under contract to be sold, fell 4.1% in February from January and dropped 5.4% from the same month a year ago. The results were disappointing as analysts predicted a 1.0% increase in sales from a month… Source link
Read More »New jobless claims fall to 187,000, setting more than five-decade low
U.S. jobless claims set a more than 50-year low last week as the red-hot labor market shows few signs of cooling in the near-term. The Labor Department released its latest weekly jobless claims report Thursday at 8:30 a.m. ET. Here were the main metrics from the print, compared to consensus estimates compiled by Bloomberg: Initial jobless claims, week ended March 19: 187,000 vs. 210,000 expected and a revised 215,000 during prior week Continuing claims, week ended March 12: 1.350… Source link
Read More »Existing home sales fall in February
Homebuying activity faded in February. Existing home sales declined 7.2% to a seasonally adjusted 6.02 million units in February from a month earlier, according to the National Association of Realtors (NAR). The number of sales was down 2.4% from the same month a year ago. January home sales figures were revised slightly down to 6.49 million from 6.5 million. The results came in much higher than analysts’ expectations of a 6.2% month-over-month decline to 6.1 million units, according to… Source link
Read More »Which top seed will fall early?
With the NCAA men’s tournament tipping off in earnest with a full slate of games on Thursday, we pulled together a roundtable to answer burning questions that’ll help you fill out your Tourney Pick’em bracket. Here are our Cinderellas, dark horses, first No. 1s to fall, best first-round bets and Final Four/champion picks. Which No. 1 seed will fall first? Frank Schwab: Baylor is the most vulnerable. They are a good team but losing your leading rebounder (Jonathan Tchamwa Tchatchoua, done for… Source link
Read More »‘The Bond King’ author retells the rise and fall of Bill Gross
Nicknamed “the Bond King” by Fortune Magazine in 2002, Pacific Investment Management Company (PIMCO) founder Bill Gross made both a name and a very profitable empire managing bond funds. At the height of his career, Gross earned over $300 million in net returns and had accumulated almost $500 billion in assets. Then it all came tumbling down. Gross stepped down from PIMCO following a widely-publicized internal conflict between him and fellow chief executive Mohamed A. El-Erian. More… Source link
Read More »Stocks mixed, oil prices fall as traders look ahead to Fed decision
The S&P 500 and Dow rose Monday to shake off some recent losses, with investors looking ahead to the Federal Reserve’s next monetary policy decision later this week amid an ongoing war in Ukraine and soaring inflation. The Dow Jones Industrial Average gained more than 0.7% just after market open as the index recovered some losses following five straight weekly losses. The Nasdaq erased earlier gains to trade lower. U.S. crude oil prices (CL=F) briefly dipped below $103 per barrel to a… Source link
Read More »As COVID, mask mandates fall, businesses ‘really think hard’ on whether to comply
As COVID-19 cases began to fall after the winter Omicron variant surge, governors across the country are beginning to ditch mask and vaccine mandates — presenting a conundrum for business owners who aren’t entirely certain if they want to follow suit. Places like Florida and Texas have long abandoned indoor masking requirements, but major coastal cities are finally rolling back COVID-related restrictions. Monday will mark the official end of New York City’s vaccine passport system, with the… Source link
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