Author: super@dmin
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Coronavirus Update: CDC directs vaccine makers to prep for shots for children below 5 by Feb. 21, as FDA advisory meeting looms
The Centers for Disease Control and Prevention has directed COVID-19 vaccine providers to get ready to receive shots for children below the age of 5 by Feb. 21, a week after the regulator is expected to make a recommendation on the matter.
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: ‘Mortgage rates jumped to the highest level since the emergence of the pandemic’: Americans are pessimistic about purchasing a home
A record low percentage of Americans believe now is a good time to buy a home due to eroding affordability.
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The Fed: Fed seen raising interest rates at every policy meeting until the fall
In the wake of the strong CPI report, the market is now open to the view that the Federal Reserve will hike rates at every meeting until September.
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Washington Watch: Biden rolls ahead with spending on interstate EV charging network
The Biden administration is starting to spend the $5 billion over five years from the bipartisan infrastructure law aimed at expanding EV charging.
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Sustainable Investing: A dirty secret: Here’s why your ESG ETF likely owns stock in fossil-fuel companies
Some ESG ETFs funds also may own tobacco and gambling stocks.
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Economic Report: U.S. inflation rate climbs to 7.5% after another sharp increase in consumer prices
The rate of U.S. inflation climbed again in January to 7.5% and stayed at a 40-year high, suggesting the upward pressure on consumer prices is unlikely to relent much in the near future.
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Economic Report: U.S. jobless claims fall for third straight week
Initial jobless claims fell by 16,000 to 223,000 in the week ended Feb. 5, the Labor Department said Thursday.
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Need to Know: How there’s been a Greenspan-sized tightening to the economy even before the first Fed hike
The Fed’s tightening process is already under way, before it makes its first rate hike, argue Deutsche Bank’s economists.
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Futures Movers: Oil builds on gains scored after inventory drop
Oil futures rise Thursday, building on gains scored a day earlier after data showed an unexpected drop in U.S. crude inventories.
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Big Spender: For the ultimate Super Bowl experience, be prepared to spend $100,000 — lodging not included
Football fans with deep pockets can make an entire weekend of the event — Tiffany’s shopping spree included