On Friday, the Food and Drug Administration granted approval to Moderna for their vaccine targeting respiratory syncytial virus (RSV) in adults aged 60 and above. This marks the company’s second product to be approved for use in the U.S. market. The decision comes at a crucial time for Moderna, as the demand for their Covid
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When it comes to financial thresholds that are not adjusted for inflation, the federal minimum wage is a significant example. It has remained stagnant at $7.25 an hour since 2009, marking the longest period in history without an increase from Congress. This lack of adjustment has resulted in a substantial loss in value over the
Billionaire investor Bill Ackman is making waves in the finance world with his recent decision to sell a 10% stake in Pershing Square. This move is part of a larger plan to eventually take his investment firm public, raising $1.05 billion in a recent funding round. Two years ago, Ackman made a significant shift by
France has been making significant strides in the realm of artificial intelligence, positioning itself as the next AI superpower. With major investments pouring into French AI firms such as H, also known as Holistic, from tech giants like Amazon and Google, the country is solidifying its status in the global AI landscape. The recent Viva
When Paul Lester first organized an art opening in a luxury property viewing in Beverly Hills, he didn’t realize the impact it would have on the sale of the property. By showcasing significant artwork by contemporary artists alongside designer furniture in the high-end properties he was listing, Lester was able to create an elevated package
Costco Wholesale has once again exceeded Wall Street’s expectations in its third-quarter earnings report. The company’s ability to drive sales and keep operating expenses lower than anticipated has solidified its position as one of the top retailers in the world. Despite recent changes in its C-Suite, Costco continues to attract members with its offering of
In a recent statement, New York Federal Reserve President John Williams expressed his concerns about the persistently high inflation levels and his confidence that it will start decelerating later in the year. Despite the uncertainty surrounding the direction of monetary policy, Williams emphasized that the Fed has seen a “lack of further progress” towards its
Recent data from the National Association of Realtors revealed a significant 7.7% drop in signed sales contracts on existing homes in April, compared to the previous month. This decline marks the slowest pace since April 2020 and suggests a challenging market environment for buyers and sellers alike. Pending sales, which serve as a leading indicator
In a recent financial conference held in New York, Bank of America CEO Brian Moynihan shed light on the cautious approach adopted by both consumers and businesses when it comes to spending. He highlighted that there has been a noticeable slowdown in the rate of purchases made by households and small to medium-sized businesses. Consumer
In the midst of the ongoing tumultuous job market, data from Vanguard reveals interesting insights into the dynamics of hiring based on income levels. While the demand for higher-income workers has slightly decreased, lower-earning Americans continue to experience a robust pace of hiring. Workers in the bottom one-third income bracket, earning less than $55,000 annually,