The Food and Drug Administration recently granted emergency use authorization for Novavax’s updated protein-based Covid vaccine in individuals aged 12 and older. This development presents a new player in the competition against Covid, joining the ranks of Pfizer and Moderna in offering vaccination options for the fall and winter seasons. Novavax’s vaccine specifically targets the
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September has the potential to be a strong month for a select group of stocks, as they exhibit characteristics often associated with a bullish price chart pattern. Despite a slow start to August, stocks managed to rebound and end the month with gains across all three major indexes. By the end of August, the S
In recent times, the American Dream of owning a home has become increasingly unattainable for many individuals. This can be attributed to the combination of higher mortgage rates and a shortage of houses in comparison to the demand for them. The median sales price for homes has continued to rise, reaching $422,600 in July, a
As August has come to a close, investors are reflecting on what was truly an emotional roller coaster of a month. The historic volatility surge earlier on left many wondering what would come next. While some boldly took advantage of a brief buying opportunity, others are more cautious as we enter September. With the S
John Bollinger, the renowned trading expert and creator of the Bollinger Bands, made a bold Bitcoin price prediction more than two months ago. He forecasted that Bitcoin’s price would continue to rise when it was priced at $60,940. However, fast forward to the present day, and the price of BTC sits at $59,480. This raises
The U.S. dollar experienced a slight increase in value, ending a five-week losing streak as investors awaited the release of important inflation data. The Dollar Index, which compares the dollar against a variety of other currencies, rose by 0.1% to 101.314. This positive movement was a result of the dollar reaching its highest point since
Recent reports from the Bureau of Economic Analysis indicate that inflation is showing signs of easing, with the personal consumption expenditures index for July coming in at 2.5% over the same point last year. Core PCE, which factors out food and energy, was up 2.6% year over year, with prices rising 0.2% from June in
Bitcoin’s price experienced a slight decline on Thursday, as investors expressed caution leading up to an upcoming U.S. inflation reading that could impact future decisions regarding interest rate cuts. Despite this short-term dip, the world’s largest cryptocurrency has faced significant challenges throughout the month of August, with a notable drop of nearly 9%. Factors Contributing
A recent lawsuit has been filed by the American Sustainable Business Council against Texas Comptroller Glenn Hegar and Attorney General Ken Paxton. The lawsuit challenges the constitutionality of a 2021 Texas law that penalizes financial firms for “boycotting” the fossil fuel industry. The plaintiffs argue that the law infringes on their free speech and association
The municipal bond market remained relatively stable despite the rise in U.S. Treasury yields and mixed equities performance. According to LSEG Lipper, municipal bond mutual funds experienced inflows for the ninth consecutive week, with investors adding $1.047 billion, following the previous week’s $512.9 million of inflows. High-yield municipal bonds continued to show strength, with inflows