FDA authorizes a coronavirus vaccine booster shot for children as young as 5

FDA authorizes a coronavirus vaccine booster shot for children as young as 5

Placeholder while article actions load Federal regulators authorized a coronavirus booster shot Tuesday for school-age children, a key step towards making a third shot of the Pfizer-BioNTech vaccine available to 5-to-11-year-olds as cases rise nationally. The Food and Drug Administration cleared the booster for use at least five months after children are fully vaccinated with … Read more

Block Investor Day 2022 Talks Bitcoin

Block Investor Day 2022 Talks Bitcoin

Block’s overarching purpose is to drive economic empowerment in the world and Bitcoin plays a central role in that mission, its chief executives said during the firm’s first Investor Day since 2017 on Wednesday. “We believe Bitcoin is going to have a profound impact on financial services, particularly as a tool for economic empowerment and … Read more

Americans Are in a Sour Mood, But it Didn’t Dampen their Spending: Splurging at Retailers, Especially Some Retailers

Retail Therapy at Bars & Restaurants, Cannabis Stores, and Ecommerce? Other retailers not so lucky. By Wolf Richter for WOLF STREET. Retail sales jumped 0.9% in April from March, after having jumped 1.4% in March from February, to $ 678 billion, and were up 8.2% from a year ago, seasonally adjusted, the Commerce Department reported … Read more

Dow Jones Futures Fall After Target Triggers Sell-Off; Market Rally Has 90% Chance Of Doing This

Dow Jones futures fell overnight, along with S&P 500 futures and Nasdaq futures, amid weak revenue and guidance from Cisco Systems. The stock market rally sold off hard Wednesday, as a big one Target (TGT) earnings miss raised major concerns about retailers, related sectors and the broader economy amid hot inflation and weakening demand. X … Read more

Target trouble, mortgage demand hit, gas hits $ 6 in CA

Why supply chains can expect to be under constant pressure Craig Fuller and Jim Iuorio provide insight on supply chain problems, diesel issues for the trucking industry, and high gas prices on ‘Making Money.’ Breaking News Target shares hit with worst drop since 1987 “Coming into this year, we anticipated we’d see continued tight conditions … Read more

What Walmart, Target, Home Depot and Lowe’s tell us about the economy

How well is the American consumer holding up against sky-high inflation? It depends on whom you ask. Four major retailers – Walmart, Target, Home Depot and Lowe’s – reported quarterly financial results this week, and they each offered a different perspective on where and how people are spending their money. Walmart said some of its … Read more