22 Aug

Pfizer seeks U.S. authorization for vaccine booster retooled for Omicron

Pfizer Seeks U.S. Authorization For Vaccine Booster Retooled For Omicron

. People pose with syringe with needle in front of displayed Pfizer logo in this illustration taken, December 11, 2021. /Dado Ruvic/Illustration Pfizer Inc (NYSE:PFE) and German partner BioNTech said on Monday they had sought U.S. authorization for a COVID-19 vaccine booster retooled to target the Omicron variant, and would have doses available to ship immedi

22 Aug

S&P 500 Slips as Rising U.S. Yields Dent Growth Stocks

S&P 500 Slips As Rising U.S. Yields Dent Growth Stocks

By Yasin -- The S&P 500 slumped Monday, as growth sectors of the market including tech and consumer were under pressure from rising Treasury yields amid fears about Federal Reserve chairman Jerome Powell delivering a hawkish surprise later this week.  The S&P 500 fell 2.5%, the Dow Jones Industrial Average slipped 2.0%, or 676 points, the Nasdaq was down 2.6%.Tech stocks struggle

22 Aug

Meme stocks fall with AMC, Bed Bath in red

Meme Stocks Fall With AMC, Bed Bath In Red

2/2Reuters. A shopping cart is seen at a Bed Bath & Beyond store in Manhattan, New York City, U.S., June 29, 2022. /Andrew Kelly2/2By Anisha Sircar, Medha Singh and John McCrank A clutch of stocks favored by retail traders tumbled on Monday in volatile trading as news that UK-based Cineworld warned of a possible bankruptcy sent AMC Entertainment (NYSE:AMC) Holdin

22 Aug

Antofagasta's Twin Metals sues Biden administration over Minnesota copper project

Antofagasta's Twin Metals Sues Biden Administration Over Minnesota Copper Project

2/2Reuters. U.S. President Joe Biden pauses as he speaks during a signing ceremony in the State Dining Room of the White House in Washington, U.S. August 16, 2022. /Leah Millis2/2 Antofagasta (LON:ANTO) Plc's Twin Metals subsidiary sued the Biden administration on Monday in a bid to reverse the cancellation of mineral leases for the company's proposed copper and nickel mine in

22 Aug

Oil Dips on 'Iran Fear'; Saudis Threaten OPEC Cuts to Seize Back Control

Oil Dips On 'Iran Fear'; Saudis Threaten OPEC Cuts To Seize Back Control

. By Barani -- Fear that Iran might win back its stalled nuclear deal from global powers to pave its re-entry into the export market for oil sent crude prices near six-month lows on Monday, prompting OPEC supremo Saudi Arabia to issue a thinly-veiled threat that it will slash the group’s production if the market kept tanking. “The paper and physical markets [for oil] are increasingly

22 Aug

U.S. stock options traders see little drama around Fed’s Jackson Hole event

U.S. Stock Options Traders See Little Drama Around Fed’s Jackson Hole Event

. A traders watches Federal Reserve Chair Jerome Powell delivering remarks on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 15, 2022. /Brendan McDermidBy Saqib Iqbal Ahmed NEW YORK Federal Reserve policy has sparked big moves in markets this year, but options traders expect few fireworks around the central bank’s annual symposi

22 Aug

'Positioning and Declining Inflation to Support Further Recovery' - JPMorgan

'Positioning And Declining Inflation To Support Further Recovery' - JPMorgan

'Positioning and Declining Inflation to Support Further Recovery'JPMorganBy Sam BougheddaJPMorgan analyst Marko Kolanovic told investors in a note Monday that declining inflation and very low investor positioning will support a further recovery in markets.The analyst also maintained their stance that inflation will resolve on its own as "distortions fade, and likely drive a Fed pivot, while a s

22 Aug

Wall Street tumbles on fears of aggressive Fed

Wall Street Tumbles On Fears Of Aggressive Fed

2/2Reuters. Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 17, 2022. /Brendan McDermid/File Photo2/2By Bansari Mayur Kamdar and Noel Randewich Wall Street tumbled on Monday as investors fretted about a U.S. Federal Reserve gathering later this week in Jackson Hole, Wyoming, that is expected to reinforce a strong commitment by the c

22 Aug

Germany, Canada to boost energy, mineral ties as they decarbonize

Germany, Canada To Boost Energy, Mineral Ties As They Decarbonize

3/3Reuters. Germany's Chancellor Olaf Scholz and Canada's Prime Minister Justin Trudeau attend to speak to the media in Montreal, Quebec, Canada August 22, 2022. /Christinne Muschi2/3By Andreas Rinke and Steve Scherer MONTREAL -Russia's invasion of Ukraine is bringing Canada and Germany closer together, with Canada seeking to boost energy and critical mineral exports to Germany as

22 Aug

Acala community votes to burn 2.97 billion of erroneously minted aUSD stablecoin

Acala Community Votes To Burn 2.97 Billion Of Erroneously Minted AUSD Stablecoin

Acala community votes to burn 2.97 billion of erroneously minted aUSD stablecoinAccording to a new post by Acala Network co-founder Bette Chen, the community has voted to burn 2.97 billion worth of Acala USD (aUSD) stablecoin.Acala is a decentralized finance platform built on the Polkadot (DOT) ecosystem. The week prior, the price of aUSD fell to less than $0.01 from its dollar peg after it was di

22 Aug

California Declines Tesla’s Challenge to Racial Bias Lawsuit

California Declines Tesla’s Challenge To Racial Bias Lawsuit

. California Declines Tesla’s (TSLA) Challenge to Racial Bias LawsuitBy Michael ElkinsCalifornia's Office of Administrative Law, in a letter, declined to review Tesla Inc's (NASDAQ:TSLA) claim that the state's civil rights watchdog suing the company is rushing without conducting full investigations.The Department of Civil Rights (DCR) has filed a pending lawsuit against Tesla’s Fremont