The Food and Drug Administration recently authorized Novavax’s updated protein-based Covid vaccine for emergency use in individuals aged 12 and above. This move opens up a new competitive landscape for Covid vaccines this fall and winter, as Novavax’s vaccine gears up to combat the highly contagious omicron subvariant JN.1. Unlike Pfizer and Moderna’s mRNA shots,
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The US dollar saw a notable uptick in its value after the release of key economic data, which showed that a crucial inflation measure in the country had met expectations. This development, paired with an increase in personal spending and income, fueled market speculation regarding the Federal Reserve’s next move on interest rates. The likelihood
In a market that has seen its fair share of ups and downs, a handful of stocks are showing promising signs as they head into September. These stocks are displaying what investors typically view as a bullish chart pattern, signaling potential growth in the coming weeks. After a slow start to August, the stock market
Investors experienced an emotional roller coaster in August, with a historic volatility surge shaking up the market. While some investors took advantage of a brief buying opportunity, the S & P 500 is now nearing its all-time high. As we enter September, a traditionally bearish month, I anticipate a slowdown in the market. The SPDR
The Federal Reserve’s preferred pricing index has shown signs of easing, indicating a possible interest rate cut for the first time in over four years. The recent data released by the Bureau of Economic Analysis reveals some interesting insights into the current state of inflation in the economy. Inflation Trends The personal consumption expenditures (PCE)
In the month of August, Bitcoin experienced a significant decline in value, dropping nearly 9%. This decrease was attributed to a broader risk-off move in financial markets, which had a particularly hard impact on cryptocurrency prices. Despite starting the month at a relatively strong position, Bitcoin struggled to maintain its value throughout August. Factors Contributing
The municipal bond market has remained relatively stable, with municipal bonds seeing little change while U.S. Treasury yields have experienced an increase and equities have ended on a mixed note. Despite this stability, municipal bond mutual funds have seen inflows, with investors adding a significant amount of $1.047 billion to funds, following $512.9 million in
The American Sustainable Business Council recently filed a lawsuit in federal court in Austin, Texas, challenging the constitutionality of a 2021 state law aimed at penalizing banks and financial firms for their stance on the fossil fuel industry. The lawsuit argues that this law infringes upon the free speech and association rights guaranteed under the
The footwear industry has long been dominated by powerhouses like Nike, but recent trends suggest a shift in consumer preferences. According to Stifel Financial, young consumers are increasingly gravitating towards brands like New Balance and Adidas, posing a potential threat to Nike’s market share. While Nike continues to hold the top spot with its popular
The recent special session held by the Colorado Legislature had significant implications for property tax cut initiatives in the state. Governor Jared Polis hailed the passage of House Bill 1001 as a crucial step in ending the property tax conflicts that had been looming over Colorado’s municipal bond market. However, there are concerns about the