It’s likely that millions of COVID-19 booster shots will be administered in the U.S. in the coming months, but that doesn’t mean companies like Moderna and Pfizer will report an unexpected revenue windfall this year.
The Treasury curve flattened Wednesday, while the spread between 2024 and 2026 Eurodollars shrunk, signs that the Federal Reserve might have to quickly reverse course if it starts raising rates next year, by lower them again after 2024.
Most “high yield” savings accounts in U.S. dollars offer annual percentage yields of 0.6% or less. The SEC has warned repeatedly about the risks of crypto lending products that offer much meatier yields.
Bipartisan talks aimed at overhauling police tactics and accountability have ended with no agreement, the top Democratic negotiator said, with lawmakers unable to reach a compromise following nationwide protests sparked by the killings of Black Americans by law-enforcement officers.
The potential for another white-knuckle flirtation with a U.S. default via a debt-ceiling showdown is helping to raise policy uncertainty. The good news, is that rising uncertainty has traditionally been a buying opportunity, says a top Wall Street technician.
The global tally of confirmed cases of the coronavirus-borne illness COVID-19 was heading close to 230 million on Wednesday, as President Joe Biden prepared to host a virtual summit on the pandemic with world leaders gathered in New York for the United Nations General Assembly.
Shares of FedEx Corp. took a dive Wednesday to the lowest levels seen in nearly eight months, as a host of Wall Street analysts slashed their price targets after continued supply chain and labor market troubles led to another disappointing earnings report.