Study finds Pfizer’s antiviral has little to no benefit for young adults, and WHO says BA.5 omicron subvariant accounted for 74% of cases in past week

Pfizer’s COVID antiviral, Paxlovid, appears to have little to no benefit for young adults, although it still reduces the risk of hospitalization or death in older adults, according to a new Israeli study. Data from the study of 109,000 patients could renew questions about the US government’s use of Paxlovid, which has become the gold … Read more

Heroism fueled or not, the S&P 500 level is destined for another test of lows. These are the levels to watch, says this strategist

In the words of the great Bonnie Tyler: “It has to be safe, and it has to be soon, and it has to be larger than life.” The hero this market is waiting for is Fed Chairman Jerome Powell and he speaks on Friday, so it’s soon. Whether he is sure remains the question. “The … Read more

A new supercycle is emerging for the economy, and stocks will benefit, strategist says

It’s been an interesting summer for financial markets – more or less a series of mostly pessimistic economic data has traders thinking the Fed will ease the pedal, although over the past week they’ve been less and less convinced of this point of view. Taking a longer lens, Dario Perkins, managing director of global macroeconomics … Read more

Pfizer and BioNTech say data shows COVID vaccine is more than 70% effective in young children, with cases rising in just 7 states

Pfizer and its German partner BioNTech on Tuesday offered updated COVID vaccine data supporting efficacy in children 6 months to 4 years old. Businesses EFP, -1.88% BTX, -0.03% said updated analysis of 34 cases occurring at least seven days after a three-dose regimen showed a vaccine efficacy of 73.2% in children in this age group. … Read more

Once the Worst Yield on Wall Street, Cash Now Seems to Be the Best Asset to Own, According to Morgan Stanley

Equity sellers are poised to pick up where they left off on Friday as the market appears to wake up from its August slumber with a vengeance. As Goldman Sach’s Chief U.S. Equity Strategist David Kostin told his clients after the S&P 500 SPX took just 17 weeks to hit its year-end target of 4,300, … Read more

Ryan Cohen cashed in shares of Bed Bath & Beyond with a profit of over $58 million; stocks are plunging

Investor Ryan Cohen confirmed he had sold his entire stake in retailer Bed Bath & Beyond Inc. at a profit of more than $58 million, and the shares fell in after-hours trading for a second consecutive day on Thursday. A filing with the Securities and Exchange Commission that was made public after markets closed on … Read more

Ryan Cohen cashed in shares of Bed Bath & Beyond with a profit of over $58 million; stocks are plunging

Investor Ryan Cohen confirmed he had sold his entire stake in retailer Bed Bath & Beyond Inc. at a profit of more than $58 million, and the shares fell in after-hours trading for a second consecutive day on Thursday. A filing with the Securities and Exchange Commission that was made public after markets closed on … Read more

Why Are Walmart Stocks Rising? The retailer exceeds its estimates and increases its forecast.

Text size Walmart posted second-quarter adjusted earnings of $1.77 per share. Justin Sullivan/Getty Images walmart it is sales rose and earnings beat estimates in the second quarter, pushing shares of the retail giant higher. Tuesday, walmart (ticker: WMT) posted adjusted earnings of $1.77 per share, beating analyst estimates of $1.63, according to FactSet. Sales of … Read more

Dow opens higher as Walmart and Home Depot beat forecasts

Text size US housing starts in July fell more than expected and to the lowest level since the start of 2021. (Spencer Platt/Getty Images) Shares were mixed at the open on Tuesday after earnings from walmart and Home deposit beat Wall Street forecasts, but a decline in housing starts provided further evidence of a slowing … Read more

US stocks recover from lower open even as China raises concerns over global growth

US stocks rebounded on Monday afternoon as investors looked past soft data from China that led to a lower open for all three major indexes. How Stocks Trade The Dow Jones Industrial Average DJIA, +0.48% rose 135 points, or 0.4%, to 33,896. The S&P 500 SPX, +0.28% rose 12 points, or 0.3%, to 4,292. The … Read more