The Food and Drug Administration granted emergency authorization Wednesday to Pfizer‘s Covid treatment pill, a major milestone that promises to revolutionize the fight against the virus. The medication, which is recommended for people at a high risk of developing severe Covid-19, could be available to patients as early as this weekend. Pfizer CEO Albert Bourla
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In this article PAYX COIN BABA TSLA KMX A Tesla store in Beijing, China, on July 4, 2021. Costfoto | Barcroft Media | Getty Images Check out the companies making headlines in midday trading. CarMax — CarMax shares fell nearly 4.9% despite the used car retailer’s better-than-expected quarterly report. The company posted earnings of $1.63 per
Sen. Joe Manchin, D-W.Va., walks outside of the Senate Chamber on Capitol Hill on Dec. 9, 2021. Kent Nishimura | Los Angeles Times | Getty Images The “backdoor Roth” tax strategy used largely by wealthy retirement savers and slated to be killed next year has survived — for now. The loophole lets rich 401(k) and
People wait in line for t-shirts at a pop-up kiosk for the online brokerage Robinhood along Wall Street after the company went public with an IPO earlier in the day on July 29, 2021 in New York City. Spencer Platt | Getty Images News | Getty Images Stock options gained popularity on Main Street this
U.S. President Joe Biden speaks during a meeting with his administration’s Supply Chain Disruptions Task Force and private sector CEOs in the South Court Auditorium of the White House December 22, 2021 in Washington, DC. Drew Angerer | Getty Images Amid concerns about the new omicron virus, the Biden administration will extend the payment pause
HOUSTON, TEXAS – AUGUST 12: A newly sold home is shown on August 12, 2021 in Houston, Texas. Home prices have climbed during the pandemic as low interest rates and working from home has become more abundant. Home prices around the country continue to surge in the second quarter as strong demand continues to overwhelm
Interactive: Compare Your State Executive Summary The Tax Foundation’s State Business Tax Climate Index enables business leaders, government policymakers, and taxpayers to gauge how their states’ tax systems compare. While there are many ways to show how much is collected in taxes by state governments, the Index is designed to show how well states structure
Testing so far hasn’t been a big part of the U.S. strategy to manage the Covid pandemic, but that’s set to change soon. On Tuesday, the White House the U.S. is purchasing 500 million at-home Covid tests that Americans can order for delivery to their homes for free. Deliveries, however, will not start until January.
A top strategist suggests the market is settling down. Despite Covid-19 omicron risks, Oppenheimer Asset Management’s John Stoltzfus suggests Tuesday’s market bounce is real. “We believe in it. We think investors should as well,” the firm’s chief investment strategist told CNBC’s “Trading Nation.” “The selling that we’ve seen over the last few days was overdone.”
Flights are booked. Bags are packed. To cancel Christmas travel plans seems unfathomable at this point. But for many, so does the speed at which the omicron variant is spreading. The highly transmissible Covid-19 variant — which was first detected in late November but has since been detected in nearly 90 countries — is causing
President Joe Biden addresses graduates of South Carolina State University during their commencement ceremony on Dec. 17, 2021. Mandel Ngan | AFP | Getty Images The Biden administration is considering extending the payment pause and interest waiver for most federal student loan borrowers once again. “Since day one of the Biden Administration, we’ve been hard
Migrant workers build a scaffold at the construction site of Huayang Commercial City Phase II in Huai ‘an City, east China’s Jiangsu Province, Feb. 7, 2021. Costfoto | Barcroft Media | Getty Images BEIJING — China’s struggling real estate developers face a growing number of repayment deadlines in the next few months. Real estate giant
Loading chart… Incyte Corporation: “That one makes no sense that it’s down here. I think you got a really good one. I think you should maybe buy even more than you have. I don’t get it. This company actually makes money. It’s real good. I think the big boys are going to come to it.
Stock futures opened flat on Tuesday night after the major averages rebounded from a three-day losing streak spurred by fears about the omicron Covid variant. Dow Jones Industrial Average futures fell 0.03%. S&P 500 futures inched 0.06% lower and Nasdaq 100 futures slipped 0.1%. All three of the major averages rallied in regular trading, pushing
The superyacht “Kismet”, currently owned by Pakistani-American billionaire Shahid Khan, is seen moored near Tower Bridge on October 21, 2021 in London, England. Leon Neal | Getty Images More than 1,000 superyachts are now in production or on order, as the global rich seek refuge from Covid-19 and crowds on their nine-figure floating palaces. According
Labor activists hold a rally in support of a national $15 minimum wage on May 19, 2021, in Washington, D.C. Kevin Dietsch | Getty Images News | Getty Images As the calendar changes to a new year, residents of some states can expect to see a boost to their paychecks. Starting Jan. 1, 2022, several
In this article VIAC T DIS 6758.T-JP CMCSA NFLX AMZN Tom Holland stars as Spider-Man in “Spider-Man: No Way Home.” Sony The opening weekend of “Spider-Man: No Way Home” was a welcome boost to the domestic box office. Not only did the Sony–Marvel collaboration shatter box office sales records set prior to the pandemic by
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Take a look at some of the biggest movers in the premarket: Nike (NKE) – Nike jumped 3.5% in the premarket after it reported quarterly earnings of 83 cents per share, 20 cents a share above estimates. Revenue was slightly above forecasts, but the athletic footwear and apparel maker said sales were hurt by a
If Mark Cuban could solely invest in one personality trait, it would be confidence. On Friday’s episode of ABC’s “Shark Tank,” the billionaire investor said he rejected one start-up founder’s pitch for that exact reason. The founder, Liv Bowser, launched her Los Angeles-based mental health company Liberate in May 2020. The start-up offers instructor-led Zoom