Month: August 2022

U.S. FDA green lights Omicron-targeted COVID boosters ahead of revaccination campaign

Join now for FREE unlimited access to Reuters.com Register Aug 31 (Reuters) – The U.S. Food and Drug Administration on Wednesday cleared Pfizer’s updated COVID-19 booster shots (PFE.N)/BioNTech (22UAy.DE) and Moderna that target the dominant BA.4 and BA.5 Omicron subvariants, as the government prepares for a massive fall vaccination campaign that could begin within days. …

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Bed Bath & Beyond to cut jobs, close stores in bid to reverse losses

Join now for FREE unlimited access to Reuters.com Register Aug 31 (Reuters) – Bed Bath & Beyond Inc (BBBY.O) On Wednesday, it announced it had signed deals for more than $500 million in new funding and would close 150 stores, cut jobs and revamp its merchandising strategy in a bid to turn around its loss-making …

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44% of Americans think they can achieve billionaire status

Michael Bloomberg, (right) founder of Bloomberg LP, and Lloyd Blankfein, chairman and chief executive of Goldman Sachs Group, at the 10,000 Small Business (1OKSB) partnership event in London on December 14, 2016. Chris Ratcliffe | Bloomberg | Getty Images Mixed feelings about extreme wealth At the same time, most Americans have a love-hate relationship with …

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Walmart-owned Sam’s Club raises annual membership fee for first time in 9 years

A sign hangs outside a Sam’s Club store on January 12, 2018 in Streamwood, Illinois. Scott Olson |Getty Images walmartThe Sam’s Club, owned by Sam, announced Wednesday that it will raise its annual fee this fall, as membership in the warehouse club hits an all-time high and inflation-ridden shoppers seek deals on bulk items. Fees …

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Here are the worst (and best) performing stocks of August and for 2022

After a strong showing in July, when stock indexes rebounded from their 2022 lows of June, U.S. equities abruptly reversed course in August. Here’s the damage: Index Price change – July 29 through Aug. 30 Price change – 2022 through Aug. 30 Price change – 2021 S&P 500 SPX -3.5% -16.4% 26.9% Dow Jones Industrial …

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Exclusive: U.S. regulators to vet Alibaba, other Chinese firms’ audits -sources

Join now for FREE unlimited access to Reuters.com Register Alibaba notified of US audit inspection – sources Verification of audits of Chinese companies listed in the United States begins next month Follows landmark US-China audit agreement Alibaba shares fall nearly 3% HONG KONG, Aug 31 (Reuters) – U.S. regulators have picked e-commerce giant Alibaba Group …

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Dow Jones Futures: Market Rally Finished? Indexes Break Support As Fed Fears Intensify

Dow Jones futures were little changed overnight, as were S&P 500 and Nasdaq futures. The stock market rally came under further pressure on Tuesday, with major indices all falling below their 50-day moving averages and major stocks struggling. X A surprising surge in job creation raised expectations for big Fed rate hikes, triggering the market’s …

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