Pfizer has rejected allegations made by rival Moderna that its Covid-19 vaccine is a copy, accusing the Boston biotech company of rewriting history to lay claim to technology developed by a field of s...
Tag: Politics
Boeing’s last 747 rolls out of factory after a more than 50-year production run
Boeing’s last 747 aircraft, #1574, at its factory in Everett, Washington. Leslie Josephs | CNBC EVERETT, Wash. − Boeing‘s final 747 is set to roll out of the company’s cavernous fact...
How the U.S. became a global corn superpower
The United States has just about 90 million planted acres of corn, and there’s a reason people refer to the crop as yellow gold. In 2021, U.S. corn was worth over $86 billion, according to calcu...
Cryptocurrency investor losses are being turned into IRS gains — here’s how they’re doing it
The Internal Revenue Service has been turning up its scrutiny on cryptocurrency investors in recent years, and as that happens, more investors have been turning to the tax code’s rules on investment l...
Los Angeles bans oil and gas drilling within city limits
An oil pumpjack operates in the Inglewood Oil Field on January 28, 2022 in Los Angeles, California. Mario Tama | Getty Images The Los Angeles City Council has voted to ban new oil and gas drilling and...
This long-time bear warns of a ‘trapdoor’ situation looming for the stock market.
Uncertainty is lingering for investors following a recent mixed batch of data — softer-than-expected inflation, stronger-than-anticipated jobs and wages — as we kick off the third week before Christma...
The U.S. job market is strong, but layoffs are on the rise. Is this a good — or bad — time to ask for a raise? Experts weigh in.
Is this an opportune time to ask for a raise? Or, given the recent spate of tech layoffs, is it better to lie low for a while? The good news: Employers are giving pay raises. The increase in wages ov...
Biden administration will end monkeypox public health emergency
People line up to get a monkeypox vaccination at a new walk-up monkeypox vaccination site at Barnsdall Art Park on Tuesday, Aug. 9, 2022 in Hollywood, CA. Brian Van Der Brug | Los Angeles Times | Get...
Biden condemns antisemitism after Ye praises Hitler post-Trump dinner
President Joe Biden denounced antisemitism and took a veiled jab at Donald Trump days after the former president dined with rapper Ye, who has made a string of recent antisemitic comments, and white n...
Alex Jones files for bankruptcy after Kanye West interview
Alex Jones arrives at the court house as he faces a second defamation trial over Sandy Hook claims in Waterbury, Connecticut, September 22, 2022. Michelle McLoughlin | Reuters Infowars host Alex Jones...
Here’s where the jobs are for November 2022 — in one chart
The U.S. job market beat expectations again in November, adding 263,000 payrolls led by the service sector. Leisure and hospitality was the top category for job gains, according to a report from the U...
Senate passes rail labor pact before strike deadline, sends to Biden
The Senate passed legislation that would force a tentative rail labor agreement and thwart a national strike. A separate vote on adding seven days of paid sick leave to the agreement failed. The appro...
FDA pulls antibody bebtelovimab because not effective against omicron BQ.1
An Eli Lilly and Company pharmaceutical manufacturing plant is pictured at 50 ImClone Drive in Branchburg, New Jersey, March 5, 2021. Mike Segar | Reuters A key monoclonal antibody used to treat peopl...
Fauci calls out a bad job of vaccinating elderly
Dr. Anthony Fauci, Director of the National Institute of Allergy and Infectious Diseases, testifies at a Senate Appropriations Subcommittee on Labor, Health and Human Services, Education, and Related ...
Fox CEO Lachlan Murdoch to face questioning in Dominion lawsuit
Lachlan Murdoch, co-chairman and chief executive officer of Fox Corp., attends the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, July 11, 2019. Brendan McDermid | Reuters Fox ...
House approves tentative labor deal, sends to Senate
A rail employee works a Union Pacific Intermodal Terminal rail yard on November 21, 2022 in Los Angeles, California. Mario Tama | Getty Images The House passed legislation Wednesday that would force a...
This trader sees a 43% drop for the S&P 500 and says to take shelter in these ETFs instead.
A day after the Dow DJIA, -0.11% climbed out of bear territory on hopeful comments by Fed Chairman Jerome Powell, stocks look ready to rethink on that optimsim, even after fresh inflation data showed ...
U.S. criticizes Beijing, supports right to protest
People hold white sheets of paper and flowers in a row as police check their IDs during a protest over coronavirus disease (COVID-19) restrictions in mainland China, during a commemoration of the vict...
Flu hospitalizations increase nearly 30% as U.S. enters holiday season
Susana Sanchez, a Nurse Practitioner, administers a flu vaccination to Loisy Barrera at a CVS pharmacy and MinuteClinic in Miami, Florida. Joe Raedle | Getty Images Flu hospitalizations have increased...
U.S. warns California cities possible water cuts in fourth dry year
Houseboats on Lake Oroville during a drought in Oroville, California, U.S., on Monday, Oct. 11, 2021. David Paul Morris | Bloomberg | Getty Images Federal water managers on Monday warned California ci...
Protests against Covid controls erupt across China
BEIJING — Rare protests broke out across China over the weekend as groups of people vented their frustration over the zero-Covid policy. The unrest came as infections surged, prompting more local Covi...
Kellogg, General Mills, Post cereal sales slow after pandemic surge
Kellogg, the 117-year-old brand that started as a breakfast cereal company has since expanded to be one of the largest food companies in the world, has seen declining cereal sales over the past couple...
Many investors are betting on an inflation peak. Here’s why a former hedge-fund manager says they’re wrong.
Investors are waking up to big trouble in big China. Stock futures and oil prices are falling after angry anti-COVID zero protests swept the country. “This is a sudden powerful new distraction for mar...
The Weekend Shift: Crypto, World Cup, Politics
Welcome to the 95th Weekend Shift! What’s the deal? Over the weekend, we’ll update this post with some of the most interesting articles, podcasts, charts, and opinion pieces we’re too busy to write ab...
Omicron BQ variants dominant, XBB circulating at low level
A person receives a coronavirus disease (COVID-19) test as the Omicron coronavirus variant continues to spread in Manhattan, New York City, U.S., December 22, 2021. Andrew Kelly | Reuters The omicron ...
Frontier Airlines gets rid of telephone customer service
Frontier Airlines Airbus A320 takes off from Los Angeles international Airport on August 27, 2020 in Los Angeles, California. AaronP | Bauer-Griffin | GC Images | Getty Images Say goodbye to the airli...
Economies boom with Russian wealth, migration
Russians cross the border between Russia and Georgia days after President Vladimir Putin announced a mobilization drive on September 21. Daro Sulakauri | Getty Images News | Getty Images As many econo...
Private-prison stock hits two-year high as analysts cite potential for more detention beds, detention alternatives
Shares of private-prison operator GEO Group Inc. jumped to their highest level in roughly two years on Tuesday after Wedbush analysts upgraded the stock, citing a GOP-controlled House, possible change...