Business News

Moderna Stock Rocks on New HIV Vaccination Pledge

Moderna Stock Rocks on New HIV Vaccination Pledge

Moderna’s stock soared on Monday after the company dosed the first study participant in its potential HIV vaccine. X So far, vaccination against HIV is not possible, as the virus mutates too quickly. But Art Nouveau (MRNA) uses a newer technology based on messenger RNA or mRNA. “Designing a vaccination regimen that induces sustained protective …

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US losses top .1 trillion as Beijing’s ties to Russia raise investor concerns

US losses top $1.1 trillion as Beijing’s ties to Russia raise investor concerns

Top line Shares of Chinese heavyweights traded in the United States tumbled on Monday amid growing concerns over Beijing’s ties to Russia and potential delistings, resulting in more than $1.1 trillion in losses as regulators’ fears during the pandemic began to hit. on the former high-year Chinese stock market. Jack Ma, co-founder and former executive …

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Treasury yields recover to new multi-year highs

Treasury yields recover to new multi-year highs

Here are your top FOX Business Flash headlines for March 14th. U.S. government bond yields rose to their highest level since 2019, reflecting a growing bet from investors that a Russian invasion of Ukraine will not slow the momentum to hike interest rates. The benchmark 10-year US Treasury yielded 2.139%, up from 2.004% on Friday …

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Could China’s digital yuan reduce the use of the dollar in international trade?

Could China’s digital yuan reduce the use of the dollar in international trade?

According to Richard Turrin, author of Cashless: China’s Digital Currency Revolution, China’s emerging digital yuan will challenge the dollar’s dominance in international trade settlements in the next decade. “Remember that China is the largest trading country and you will see the digital yuan gradually replace the dollar when buying things in China,” Turrin said on …

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Federal Reserve expected to raise interest rates this week despite Ukraine’s volatility

Federal Reserve expected to raise interest rates this week despite Ukraine’s volatility

BMO Capital Markets chief investment strategist Brian Belsky assesses the Federal Reserve’s rate hike and market volatility. The Federal Reserve is expected to begin raising interest rates this week for the first time in three years as policymakers seek to cool scorching inflation, a move that comes at a dangerous time for the US economy …

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Everything that is happening in China right now is alarming.  Five things to watch.

Everything that is happening in China right now is alarming. Five things to watch.

All the turmoil in the markets over the war in Ukraine, inflation, the Fed’s rate hikes are drowning out what could be the biggest catalyst for the sharp slowdown in global growth: China. Things are suddenly going wrong in China as a confluence of events threatens to undermine anything close to Beijing’s goal of 5.5% …

Everything that is happening in China right now is alarming. Five things to watch. Read More »

Why Baidu, NetEase and Alibaba stocks keep falling

Why Baidu, NetEase and Alibaba stocks keep falling

What’s happened Concerns about investing in Chinese tech stocks came to a head on Monday when international megabank JP Morgan announced a “double downgrade” of three of China’s biggest tech companies: Baidu (BIDU -8.37%), NetEase (NTES -9.56%) and Alibaba Group Holding Limited (BABA -10.32%). As of noon ET, NetEase shares are down 7.2% from Friday’s …

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Gold and Silver Weaken as Crude Oil Briefly Drops Below 0

Gold and Silver Weaken as Crude Oil Briefly Drops Below $100

Editor’s Note: With this market volatility, stay tuned for the daily news! In minutes, check out our roundup of today’s must-read news and expert opinions. Sign here! (Kitco News) – Gold and silver prices declined significantly in midday US trading on Monday as risk appetite of traders/investors improved slightly at the start …

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Confirmation boosts outlook, but stocks fall on ‘cyclical risk’ concerns

Confirmation boosts outlook, but stocks fall on ‘cyclical risk’ concerns

Affirm Holdings Inc. upped its outlook on Monday as the company, which trades now and pays later, said it posted better-than-expected results in the March quarter. The company now expects fiscal third quarter revenue of at least $335 million, up from its previous forecast of $325 million to $335 million released on Feb. 10 in …

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Tesla is raising prices across the lineup, with its cheapest electric car now starting at ,000.

Tesla is raising prices across the lineup, with its cheapest electric car now starting at $47,000.

Tesla has implemented a significant price increase for its entire line of vehicles in one of the nightly updates to its online configurator. His cheapest Model 3 electric car now starts at $47,000. We suspected this would happen after Elon Musk announced on Twitter that both Tesla and SpaceX were facing significant inflation, but there …

Tesla is raising prices across the lineup, with its cheapest electric car now starting at $47,000. Read More »