Articles

Moderna slashes research spending, trims pipeline as it looks to regain footing 

Moderna Inc. on Thursday touted progress toward new vaccine approvals but said it will rein in its research and development spending and trim its pipeline as it looks to shake off the doldrums of a dwindling COVID vaccine market. 

Treasury yields just above lows of the year ahead of producer prices and jobless data

Treasury yields inched higher after a U.S. CPI report showed core inflation rose slightly more than expected in August.

Norfolk Southern fires its CEO over relationship with another executive

Railroad operator Norfolk Southern Corp. fired Chief Executive Alan Shaw on Wednesday, following an investigation into allegations of misconduct.

Petco stock surges 33% after Roaring Kitty post

Shares of Petco Health & Wellness shares rose after it reported second-quarter results and executives on the earnings call discussed a focus on improving cash flow.

Why Fed interest-rate cuts may not be bullish for bitcoin

A weekly look at the most important news and moves in crypto, and what’s on the horizon in digital assets.

Tommy Bahama parent says that people ‘are looking for deals’ as it cuts guidance again

People are “looking for deals and promotions” and have flocked to Oxford Industries Inc.’s outlets and to sales at the regular stores, the parent company of Tommy Bahama and Lilly Pulitzer brands says.

Atlanta Fed President Raphael Bostic broke trading rules, watchdog finds

Atlanta Federal Reserve President Raphael Bostic broke rules on investing “multiple” times from 2018 to 2023, an agency watchdog said, but it found no evidence he profited from confidential information.

The job market is getting tougher for workers — but they may be gaining in the battle over remote work

Some bosses appear to be backing off strict mandates for employees to work a fixed number of days in the office.

Cooling consumer inflation data clears path for lower mortgage rates

With the Federal Reserve widely expected to cut interest rates next week, the housing market is saying goodbye to 7% mortgage rates and rock-bottom home sales.

Buy bitcoin, ether and other crypto ETFs with less risk. Just follow these tips.

Crypto ETFs are safer than owning cryptocurrencies outright — but you’re still in unknown territory.

Bitcoin is 29% overvalued. Here’s where it will be trading in 2140.

The latest forecast of the Metcalfe’s Law valuation model

Why Hurricane Francine hasn’t sparked the oil-price rally markets were looking for

A storm intensified this week into a hurricane in the Gulf of Mexico, a major source of U.S. oil and gas production and refining activity, but prices for crude and refined products haven’t seen much of a rally.
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