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Category Archives: Uncategorized

Citigroup CEO Jane Fraser reorganizes businesses, cuts jobs as bank is mired in stock slump

Citigroup CEO Jane Fraser, approaching her third year atop the bank, announced sweeping changes Wednesday. The bank’s stock is mired in a multi-year slump.

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New Covid boosters could reach Americans as soon as Thursday – here’s what you need to know

Updated Covid boosters from Pfizer and Moderna will soon be administered at pharmacies, and many other locations across the U.S.

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SpaceX no longer taking losses to produce Starlink satellite antennas, a key step to improving profitability

Elon Musk’s SpaceX is no longer absorbing the cost of the Starlink antennas that it sells with its satellite internet service.

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UAW will strike against Detroit automakers if deals aren’t reached by Thursday, union boss says

The UAW union will strike against the Detroit automakers if deals aren’t reached by an 11:59 p.m. ET Thursday deadline, UAW President Shawn Fain said […]

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Moderna says flu vaccine showed promising results in phase three trial, paving path to approval

Moderna compared the flu vaccine, dubbed mRNA-1010, to a currently approved seasonal flu vaccine from GlaxoSmithKline called Fluarix. 

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Goldman Sachs is in the spotlight as tech firms Arm and Instacart test IPO market

The drought in tech IPOs the past 18 months is about to break — and it’s a key moment for leading advisor Goldman Sachs.

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American Airlines, Spirit Airlines cut summer profit forecast on higher costs

Southwest Airlines and Alaska Airlines trimmed their forecasts earlier this month.

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Ford to double F-150 hybrid pickup production as EV sales growth slows

The automaker expects to increase sales of the V-6 hybrid model for the 2024 model year to roughly 20% in the U.S.

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Cannabis ETFs boom as HHS recommendation to ease restrictions raises hopes for federal reform

Marijuana-related ETF’s are trading higher in September after HHS recommended the U.S. reclassify and ease restrictions on marijuana.

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CDC clears updated Covid vaccines, allowing shots to start within days

CDC Director Mandy Cohen still has to sign off on the panel’s recommendation before the new Pfizer and Moderna Covid vaccines become available nationwide. 

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