FDA says two studies showing omicron boosters weren’t much better than old Covid shots were too small to come to any conclusions
The FDA pushed back against two independent studies that found the new boosters don’t trigger a better immune response than the old shots.
Analysts think the biggest stock winners this week are set to cool off — except two
The week’s 10 best-performing stocks include health care, industrial and finance stocks.
Apple stock closes out its best day since 2020
Apple stock had its best day since 2020 on Friday, closing up 7.5%.
Bank of America says 250 years of history point to turnaround for Treasury bonds
Normally a safe haven in time of market tumult, government bonds have gotten crushed in 2022.
Lawmakers urge tech CEOs to do more to help Iranian protesters circumvent internet censorship
They told the CEOs of Amazon, Apple, Google, Meta, Microsoft and DigitalOcean that they should be “more proactive” in getting important services to Iran.
Trump applauds Musk’s Twitter takeover, says the platform that banned him ‘is now in sane hands’
Musk has previously said he would reverse Trump’s ban once he owned the company, though the former president said he would not come back.
Amazon shares fall 7% on weak fourth-quarter forecast
Amazon gave weak guidance for the fourth quarter, and its third-quarter revenue fell short of expectations.
Workers at NYC Starbucks and Amazon Go store file petition to unionize
Workers at the Starbucks and Amazon Go store in midtown Manhattan filed a petition for a union election on Friday.
Key inflation gauge for the Fed rose 0.5% in September, in line with expectations
The core personal consumption expenditures price index increased 0.5% from the previous month and accelerated 5.1% over the past 12 months.
A court just ruled that CFPB’s funding is unconstitutional, and that could be ‘catastrophic’ for mortgage markets
A court last week tossed out a regulation by the CFPB in a complicated ruling that attorneys worry could upend U.S. mortgage markets.
