Here are the best deals

Here are the best deals

Amazon Prime Day is one of the most anticipated shopping events of the year. But in 2022, shoppers may be less interested in backyard entertaining or Black Friday-type deals and more eager to score discounts on consumer staples to counteract runaway inflation. “People who want to participate in Prime Day are going to be focusing … Read more

Kevin O’Leary says there’s no evidence of a recession right now

Kevin O'Leary says there's no evidence of a recession right now

The US economy is much stronger than people think, and there’s “no evidence” of an impending slowdown or recession yet, says celebrity investor Kevin O’Leary. “I’m not saying we won’t get one, but everybody that’s saying it’s coming around the corner next week is just wrong,” he told CNBC’s “Squawk Box Asia” on Thursday. “There’s … Read more

100 bps rate hike is ‘medicine to stop this inflation’

100 bps rate hike is 'medicine to stop this inflation'

Wharton’s Jeremy Siegel is calling for a 100 basis point rate hike, and says markets may be “close to the bottom.” A 100 basis point rate hike by the Federal Reserve on Wednesday will be “medicine to stop this inflation,” the Wharton professor of finance at the University of Pennsylvania told CNBC on Wednesday. “The … 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

Inflation augurs record 2023 Social Security cost-of-living adjustment

Inflation augurs record 2023 Social Security cost-of-living adjustment

Picture Source | Getty Images New government inflation data came in hotter than expected last week. If record-high prices don’t subsidize, that will lead to a higher Social Security cost-of-living adjustment in 2023. Yet even with a more generous boost to benefits next year, there’s a growing campaign to change the way those annual benefit … Read more

Consumers changing eating, shopping clothes as inflation pushes up prices

Consumers changing eating, shopping clothes as inflation pushes up prices

A man shops for meat at a Safeway grocery store in Annapolis, Maryland, on May 16, 2022, as Americans brace for summer sticker shock as inflation continues to grow. jim watson | AFP | Getty Images The highest inflation in roughly 40 years is prompting people to shift their shopping clothes, especially at the grocery … Read more

FDA decision on Novavax’s Covid shots could be delayed

FDA decision on Novavax's Covid shots could be delayed

A health worker prepares a dose of the Novavax vaccine as the Dutch Health Service Organization starts with the Novavax vaccination program on March 21, 2022 in The Hague, Netherlands. Patrick Van Katwijk | Getty Images The Food and Drug Administration needs to review changes to Novavax’s manufacturing process before it can authorize the biotech … Read more

Novavax vaccine clears key step on path to FDA authorization

Novavax faces high-stakes FDA review this week that will decide the fate of its Covid vaccine in the US

Novavax’s two-dose dose Covid-19 vaccine for adults ages 18 and older cleared a key step on the path toward Food and Drug Administration authorization on Tuesday. The FDA’s committee of independent vaccine experts voted 21 to 0 with one abstention to recommend authorization of the shot for use in the US after an all-day public … Read more

Novavax faces high-stakes FDA review this week that will decide the fate of its Covid vaccine in the US

Novavax faces high-stakes FDA review this week that will decide the fate of its Covid vaccine in the US

In this photo illustration the Food and Drug Administration (FDA) and Novavax logos are seen behind a medical syringe and vials. Pavlo Gonchar | LightRocket | Getty Images Novavax’s Covid-19 vaccine will face the scrutiny of the Food and Drug Administration’s independent immunization experts this week, a crucial step on the path toward US regulatory … Read more

These charts show state of supply chain as China eases Covid lockdowns

These charts show state of supply chain as China eases Covid lockdowns

Zoom In IconArrows pointing outwards The CNBC Supply Chain Heat Map for China, which is gradually easing Covid lockdowns, is showing several hot spots slowing down trade flow in recent days. China’s “zero Covid” measures on trucking and cross-city transport limitations continue to slow down manufacturing and logistics. The decrease in completed manufactured goods is … Read more