Elon Musk joins the growing chorus fearing a US recession. But there are stocks for that.

Elon Musk joins the growing chorus fearing a US recession.  But there are stocks for that.

Look out above, the dip buyers are back in town. Stocks are soaring — for now — as Wall Street returns from a long holiday weekend, with Fed Reserve Chair Jerome Powell testifying in front of Congress this week. The buying mood comes after the S&P 500’s worst week since March 2020, including its fall … Read more

Maryland Apple workers face hurdles after vote to unionize

Maryland Apple workers face hurdles after vote to unionize

TOWSON, Md. (AP) — The historic vote by employees of a Maryland Apple store to unionize — a first for the technology giant — is a significant step in a lengthy process that labor experts say is heavily stacked against workers in favor of their employers . Apple store employees in a Baltimore suburb voted … Read more

Report: Smoking bans no longer a threat to casino revenue

Report: Smoking bans no longer a threat to casino revenue

ATLANTIC CITY, NJ (AP) — For decades, it was accepted wisdom in the casino industry that eliminating smoking would automatically lead to revenue declines and customer losses. But a new report examining how the coronavirus pandemic has changed gamblers’ habits says that may no longer be the case. The report issued Friday by Las Vegas-based … Read more

FDA authorizes 1st COVID-19 shots for infants, preschoolers

FDA authorizes 1st COVID-19 shots for infants, preschoolers

US regulators on Friday authorized the first COVID-19 shots for infants and preschoolers, paving the way for vaccinations to begin next week. The Food and Drug Administration’s action follows its advisory panel’s unanimous recommendation for the shots from Moderna and Pfizer. That means US kids under 5 — roughly 18 million youngsters — are eligible … Read more

FBI says fraud on LinkedIn a ‘significant threat’ to platform and consumers

FBI says fraud on LinkedIn a 'significant threat' to platform and consumers

SAN FRANCISCO — Fraudsters who exploit LinkedIn to lure users into cryptocurrency investment schemes pose a “significant threat” to the platform and consumers, according to Sean Ragan, the FBI’s special agent in charge of the San Francisco and Sacramento, California, field offices. “It’s a significant threat,” Ragan said in an exclusive interview. “This type of … Read more

What to do if you face job loss

What to do if you face job loss

realpeoplegroup | E+ | Getty Images As fears grow that the US economy is headed for a recession, a number of companies have announced massive waves of layoffs. It’s a stark reversal after a year or more of mass voluntary resignations and job switching amid plentiful employment opportunities nationwide, in a trend known as the … Read more

European Central Bank to create new tool to temper bond route

European Central Bank to create new tool to temper bond route

Christine Lagarde, President of the European Central Bank. The central bank scheduled an emergency meeting to address higher bond yields. John Thys | dpa | Getty Images The European Central Bank announced Wednesday that it plans to create a new tool to tackle the risk of euro zone fragmentation, in a move designed to assuage … Read more

European Central Bank last-minute meeting to look at market conditions

European Central Bank last-minute meeting to look at market conditions

The European Central Bank announced an unscheduled monetary policy meeting for Wednesday, at a time when bond yields are surging for many governments across the euro zone. “They will have an ad hoc meeting to discuss current market conditions,” a spokesperson for the central bank told CNBC. Borrowing costs for many governments have risen sharply … Read more

Crypto Legislation Could Undermine Market Regulations, Gensler Says

Crypto Legislation Could Undermine Market Regulations, Gensler Says

WASHINGTON—Securities and Exchange Commission Chairman Gary Gensler expressed concern Tuesday that efforts in Congress to write legislation for the cryptocurrency industry could compromise regulations that govern the broader capital markets. Asked about a bill introduced last week by Sens. Cynthia Lummis (R., Wyo.) and Kirsten Gillibrand (D., NY), Mr. Gensler initially demurred, saying he would … Read more

FDA committee recommends Moderna two-dose Covid vaccine for kids ages 6 to 17

FDA committee recommends Moderna two-dose Covid vaccine for kids ages 6 to 17

A young man receives his Covid-19 vaccination at a vaccination clinic. People receive the Moderna vaccine in Milford, Pennsylvania. Preston Ehrler | LightRocket | Getty Images Moderna’s two-dose Covid-19 vaccine for kids ages 6 through 17 received the endorsement from the Food and Drug Administration’s committee of independent immunization experts on Tuesday, a key step … Read more