Bitcoin surged to new heights in 2021 as companies like Tesla and Mastercard warmed to crypto. But with regulators circling in, the path ahead is likely to be bumpy. Getty Images Bitcoin slipped on Tuesday, dipping below the key level of $30,000 at one point, as the cryptocurrency’s recent sell-off resumed. […]
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Novavax Covid vaccine clears key step on path to FDA authorization after committee endorses the shot
Novavax’s two-dose dose Covid-19 vaccine for adults ages 18 and older cleared a key step on the path toward Food and Drug Administration authorization on Tuesday. The FDA’s committee of independent vaccine experts voted 21 to 0 with one abstention to recommend authorization of the shot for use in the […]
Unemployment system plagued by delays, fraud and racial gaps during pandemic, says watchdog agency
Demonstrators participate in a protest asking U.S. senators to support the continuation of unemployment benefits on July 16, 2020 in Miami Springs, Florida. Joe Raedle | Getty Images The nation’s unemployment system suffered multiple failures during the Covid-19 pandemic, including delayed payments, elevated fraud and “substantial” disparities in receipt of […]
Fed GDP tracker shows the economy could be on the brink of a recession
Federal Reserve Chairman Jerome Powell testifies during the House Financial Services Committee hearing titled Monetary Policy and the State of the Economy, in Rayburn Building on Wednesday, March 2, 2022. Tom Williams | CQ-roll Call, Inc. | Getty Images A widely followed Federal Reserve gauge is indicating that the U.S. […]
$325 million yacht seized from Russian oligarch Suleiman Kerimov sails to U.S. after Fiji court ruling
The 106m-long and 18m-high super luxury motor yacht Amadea, one of the largest yacht in the world is seen after anchored at pier in Pasatarlasi for bunkering with 9 fuel trucks, on February 18, 2020 in Bodrum district of Mugla province in Turkey. Osman Uras| Anadolu Agency | Getty Images […]
Saving for your child’s college education? Use this calculator to see how much your money will grow over time
Setting aside money for college is one of the most helpful things a parent can do for their child, if they’re able to afford it. While saving tens of thousands of dollars to pay for school can be difficult, it can be more manageable if time is on your side. […]
Dow rises more than 100 points as traders try to shake off Target’s profit warning
Stocks rose Tuesday even after Target issued a warning about its current quarter’s profits, which put pressure on the broader retail sector. The Dow Jones Industrial Average gained 119 points, 0.4%. The S&P 500 and Nasdaq Composite ticked up 0.3% and 0.4%, respectively. The indexes opened solidly lower but trimmed […]
Watch live: Actor Matthew McConaughey joins White House press briefing on guns
[The stream is slated to start at 1:45 p.m. ET. Please refresh the page if you do not see a player above at that time.] Actor and gun-policy advocate Matthew McConaughey will join White House press secretary Karine Jean-Pierre on Tuesday for the Biden administration’s daily press briefing. His White-House […]
Apple is turning your iPhone into fintech service taking on PayPal, Affirm and more
Apple Pay Later Courtesy: Apple Inc. Apple is turning into a fintech company. The company announced several new features for the iPhone’s Wallet app at its developers conference Monday that directly compete with products from other fintech companies such as Affirm and PayPal. The big one: a buy now, pay […]
Stocks fall slightly as investors assess Target’s profit warning
Stocks dipped on Tuesday after Target issued a warning about its current quarter’s profits, which caused an early sell-off for retailers. The Dow Jones Industrial Average shed 58 points, or 0.2%. The S&P 500 and Nasdaq Composite ticked down 0.2%. The indexes opened solidly lower but trimmed those losses as […]