Pedestrians walk past the Tesla Motors official authorized car dealer store in Hong Kong. Sopa Images | Lightrocket | Getty Images Is the first electric-vehicle recession here, or coming soon? As elec...
Tag: U.S. Economy
Bitcoin Is On the Rise as Bulls Return
Bitcoin evangelists may breathe. They must tell themselves that their wildest predictions will probably come true. For several days now, prices of the most popular cryptocurrency have been on the ri...
Tesla Gives Consumers a Good Reason to Buy EVs
U.S. consumers wanting to buy electric vehicles can smile. Tesla (TSLA) – Get Free Report and Chief Executive Elon Musk have just made a decision that will put them back in the driver’s s...
Pfizer Covid booster likely doesn’t carry seniors’ stroke risk: CDC
The Centers for Disease Control and Prevention on Friday said it is “very unlikely” the Pfizer omicron booster carries a risk of stroke for seniors after it launched an investigation into ...
U.S. uninsured rate fell during Covid pandemic, Medicaid, Obamacare coverage grew
The number of people in the U.S. without health insurance declined during the Covid-19 pandemic even as millions of people lost coverage through their employers due to layoffs. The uninsured rate in t...
Elon Musk and Tesla Give Consumers a Good Reason to Buy EVs
U.S. consumers wanting to buy electric vehicles can smile. Tesla (TSLA) – Get Free Report and Chief Executive Elon Musk have just made a decision that will put them back in the driver’s s...
U.S. Chamber of Commerce threatens to sue the FTC over proposed ban on noncompete clauses
Signage is seen on the Chamber Of Commerce Building in the Manhattan borough of New York City, New York, U.S., April 21, 2021. Andrew Kelly | Reuters A major business advocacy group has pledged to sue...
250,000 kindergarteners are vulnerable due to drop in vaccination rate
Nearly a quarter of a million kindergartners are potentially vulnerable to measles due to a dip in vaccination coverage during the pandemic, according to the Centers for Disease Control and Prevention...
Here’s the inflation breakdown for December 2022 — in one chart
Kentaroo Tryman | Maskot | Getty Images The inflation rate declined in December as consumers saw prices plummet at the gasoline pump, providing another hopeful sign for households that price pressures...
Morgan Stanley’s Mike Wilson issues correction warning
Morgan Stanley’s Mike Wilson is telling investors to brace for a winter downdraft. He warns S&P 500 is vulnerable to a 23% drop — bringing it to 3,000. “Even though a majority of insti...
Bernie Sanders urges Moderna not to hike vaccine price
Sen. Bernie Sanders on Tuesday urged Moderna not to quadruple the price of its Covid-19 vaccine once distribution of the shots moves to the commercial market. In a letter to Moderna CEO Stephane Bance...
Patients would pay up to $26,500 per year for Leqembi
Few seniors with early Alzheimer’s disease will have access to the new treatment Leqembi due to its high cost and very limited coverage by Medicare. The Food and Drug Administration on Friday gr...
CVS and Walgreens will sell mifepristone in pharmacies
Mifepristone (Mifeprex), one of the two drugs used in a medication abortion, is displayed at the Women’s Reproductive Clinic, which provides legal medication abortion services, in Santa Teresa, ...
Omicron XBB.1.5 is most transmissible subvariant, WHO says
XBB.1.5 strain, January 4, 2023, Suqian, Jiangsu, China. CFOTO | Future Publishing | Getty Images The XBB.1.5 omicron subvariant that’s currently dominating the U.S. is the most contagious versi...
Mortgage demand plunges, as interest rates rise
A ‘For Sale’ sign stands in a vacant lot near new homes in Dunlap, Illinois. Daniel Acker | Bloomberg | Getty Images After a brief reprieve in the first half of December, mortgage interest...
Walking The Tightrope To Avoid Stagflation
Two years ago, I subtitled my yearly forecast of the economy “We Are All Super-Keynesians Now.” Last year it was “All Eyes On Inflation.” This year the focus is on the adjustment costs of reducing inf...
omicron XBB.1.5 is immune evasive, binds better to cells
Gilnature | Istock | Getty Images The Covid omicron XBB.1.5 variant is rapidly becoming dominant in the U.S. because it is highly immune evasive and appears more effective at binding to cells than rel...
U.S., global health officials worry about China transparency on virus spread
U.S. and global health leaders say Beijing is not sharing enough information about the spread of Covid-19 in China, leaving the international community in the dark about the scale and severity of the ...
U.S. to require passengers to test negative for Covid
The Biden administration will require airline passengers traveling from China to test negative for Covid before entering the U.S. as concern grows that widespread transmission of the virus in the worl...
The Dramatic Fall of Carvana, “The Amazon of Used Cars”
It is a buoyant red in the portfolio of the shareholders of Carvana, the online used car platform. In one year, their shares have lost most of their value, no doubt giving them the impression that the...
Global economy is heading into a decade of low growth, economist says
A screen displays the Fed rate announcement as a trader works on the floor of the New York Stock Exchange (NYSE), November 2, 2022. Brendan McDermid | Reuters The global economy likely faces a decade ...
Elon Musk Warns About a Bad Decision
The deterioration of the economic climate has been one of the main concerns for investors for several months now. This is reflected in particular in the fall of nearly 33% of the Nasdaq 100 stock mar...
Amazon Nightmare Is Reminiscent of the Dotcom Collapse
It’s a dark year for Amazon. A year to forget. The e-commerce giant undoubtedly wants to put 2022 behind it and get out of what appears to be a real stock market nightmare. The numbers speak f...
Millions at risk of losing Medicaid in the spring under $1.7 trillion federal spending bill
Millions of people who enrolled in the Medicaid public health insurance program during the Covid pandemic could lose their coverage in the spring if their state determines they no longer meet the prog...
Home sales tumbled in November
Sales of existing homes fell 7.7% in November compared with October, according to the National Association of Realtors. The seasonally adjusted annualized pace was 4.09 million units. That is weaker t...
Marco Rubio and Ro Khanna say U.S. needs manufacturing investment
The exterior of the U.S. Capitol is seen at sunset in Washington, U.S., December 13, 2022. Sarah Silbiger | Reuters Sen. Marco Rubio, R-Fla., is vice chairman of the Senate Select Committee on Intell...
Homebuilder sentiment falls again, but bottom may be near
A worker walks on the roof of a new home under construction in Carlsbad, California. Mike Blake | Reuters Homebuilders were less confident about their business in December, but they are starting to se...