In a recent announcement, the Food and Drug Administration (FDA) has approved Moderna’s vaccine for respiratory syncytial virus (RSV) for adults aged 60 and above. This marks the company’s second product to enter the U.S. market, providing them with a much-needed revenue source amidst declining demand for their Covid jab. The decision to approve Moderna’s
In a surprising move, billionaire investor Bill Ackman is selling a 10% stake in Pershing Square, with plans to eventually take his investment firm public. This decision has sparked interest and speculation in the financial world, as Ackman’s firm is raising $1.05 billion in a funding round, with a valuation of $10.5 billion. Ackman’s hedge-fund
France is currently positioning itself as the next artificial intelligence superpower, with significant developments in the AI sector. The recent Viva Technology conference held in Paris showcased France’s progress in becoming a leader in AI. The investment of $220 million in French AI firm H from U.S. tech giants like Amazon and Google’s former CEO,
When it comes to selling luxury real estate, the traditional approach often involves staging a property with elegant furniture and decor to entice potential buyers. However, Paul Lester, a partner at The Agency, has taken a different approach by integrating high-end art into the homes he lists. In a bid to elevate the overall experience
Costco Wholesale has exceeded Wall Street’s expectations for its third-quarter earnings, showcasing a robust financial performance driven by increased sales and lower operating expenses. The company reported a total revenue of $58.52 billion for the fiscal 2024 third quarter, marking a 9.1% year-over-year increase and surpassing analysts’ estimates. Additionally, earnings per share came in at
Recent data from Vanguard reveals interesting insights into the hiring patterns across different income brackets in the United States. The data shows that while the pace of hiring remains strong for lower-earning Americans, there has been a slight decline in the demand for higher-income workers. The hire rate for the bottom one-third of workers by
In a recent financial conference, Bank of America CEO Brian Moynihan highlighted a noticeable shift in consumer and business spending patterns in the United States. It appears that both individuals and small- to medium-sized businesses are becoming more cautious with their expenditures due to elevated levels of inflation and interest rates. Moynihan pointed out that
During a recent event in New York, John Williams, the president of the New York Federal Reserve, expressed his views on inflation and the future direction of monetary policy. Williams acknowledged that inflation is currently high but expressed confidence that it will begin to decelerate later in the year. Despite the uncertainty surrounding possible interest
The National Association of Realtors reported a significant drop of 7.7% in signed sales contracts on existing homes in April compared to March. This decline marks the slowest pace since April 2020, indicating a noticeable shift in the housing market. Pending sales, which are considered a forward-looking indicator of closed sales one to two months
Best Buy’s quarterly sales performance has been a mixed bag, with missed sales expectations but higher profits and lower costs. Despite softer demand for consumer electronics, the retailer managed to beat earnings per share estimates and maintained its full-year forecast. CEO Corie Barry remains cautiously optimistic about the future, anticipating industry stabilization in 2024 and