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Omicron-based coronavirus booster shots will roll out this fall

Omicron-based coronavirus booster shots will roll out this fall

Placeholder while article actions load This fall, vaccine makers will begin rolling out coronavirus booster vaccines better tailored to fight the current phase of the pandemic. Two days after outside experts voted in favor of a new vaccine adapted to protect against omicron, the Food and Drug Administration announced that the fall shots would include …

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‘We are in a recession’: Long-time bull Cathie Wood warns investors about the ‘big problem’ in the economy. Here’s what she likes today

‘We are in a recession’: Long-time bull Cathie Wood warns investors about the ‘big problem’ in the economy. Here’s what she likes today

The official GDP estimate for Q2 won’t be available until later next month, but many experts – including Ark Invest’s Cathie Wood – are calling for a recession. “We think we are in a recession,” Wood says in a recent CNBC interview. “We think a big problem out there is inventories — the increase of …

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U.S. consumer spending, underlying inflation slow in May

U.S. consumer spending, underlying inflation slow in May

Consumer spending increases 0.2% in May Inflation adjusted consumers spending drops 0.4% Core PCE price index rises 0.3%; up 4.7% year-on-year Weekly jobless claims fall 2,000 to 231,000 WASHINGTON, June 30 (Reuters) – U.S. consumer spending rose less than expected in May as motor vehicles remained scarce while higher prices forced cutbacks on purchases of …

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Airlines and Airports Really Don’t Want You Flying on Independence Day

Airlines and Airports Really Don’t Want You Flying on Independence Day

Photo: DANIEL SLIM/AFP (Getty Images) Looking for a little bit of independence this Fourth of July weekend? Good luck. Already, passengers are experiencing packed airports and planes, canceled flights, and rough customer service trying to get from here to there. Late on Wednesday, the Heathrow airport in London — one of the the world’s busiest …

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Stocks Open Sharply Lower After Key Inflation Report

Stocks Open Sharply Lower After Key Inflation Report

The Dow Jones Industrial Average sold off Thursday after a key inflation reading, threatening to extend this week’s already-sharp losses. Key earnings movers were Acuity Brands (AYI), Constellation Brands (STZ) and Dow Jones stock Walgreens Boots Alliance (WBA). Meanwhile, Micron Technology (MU) earnings are due out after the close. X Acuity shares rallied around 1% …

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'The worst version' of COVID is spreading. Can we update our vaccines in time?

‘The worst version’ of COVID is spreading. Can we update our vaccines in time?

For the last 18 months, the original COVID-19 vaccines — first as a two-dose series, then as boosters — have done an extraordinary job shielding us from illness, hospitalization and death. Globally, they saved nearly 20 million lives in 2021 alone. Even today, unvaccinated Americans are twice as likely as vaccinated Americans to test positive …

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It's been a vicious 6 months for stocks. Here's what the grim markets are signaling

It’s been a vicious 6 months for stocks. Here’s what the grim markets are signaling

Traders work on the floor of the New York Stock Exchange. Spencer Platt/Getty Images hide caption toggle caption Spencer Platt/Getty Images Traders work on the floor of the New York Stock Exchange. Spencer Platt/Getty Images This has been the worst start to a year for stocks in more than half a century. A record-setting run …

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