Month: November 2021

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FDA advisory panel narrowly endorses Merck’s oral Covid treatment pill, despite reduced efficacy and safety questions

In this article MRK Medicine pill is seen with Merck logo and words ‘Molnupiravir’ and ‘COVID-19’ displayed on a screen in the background in this illustration photo taken in Poland on November 5, 2021. Jakub Porzycki | NurPhoto | Getty Images A Food and Drug Administration advisory panel on Tuesday narrowly endorsed the use of …

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Salesforce fourth quarter guidance misses Wall Street expectations

In this article CRM Marc Benioff, founder, chairman and CEO of enterprise cloud computing company Salesforce. Kim Kulish | Corbis News | Getty Images Salesforce reported fiscal third-quarter earnings on Tuesday for the period ending Oct. 31, beating Wall Street expectations on earnings and sales. But shares fell over 6% in extended trading after earnings …

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Stocks making the biggest moves after hours: Salesforce, Box, Ambarella and more

In this article BOX CRM The Salesforce Tower, left, and the Salesforce West office building in San Francisco, California, U.S., on Tuesday, Feb. 23, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell: Salesforce — Shares of the software giant dropped more than 6% in after …

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It’s not the first time Elon Musk’s worried about the demise of SpaceX — he once thought it would be worth ‘$0’

If SpaceX really is staring down a potential bankruptcy, at least it wouldn’t be the first time. On Tuesday, CNBC obtained a copy of a letter that SpaceX CEO Elon Musk sent to his employees the day after Thanksgiving, in which the billionaire said the rocket company could be at “genuine risk of bankruptcy,” unless …

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Goldman Sachs unveils Amazon-backed cloud service for Wall Street trading firms

In this article AMZN GS David Solomon, chief executive officer of Goldman Sachs & Co., listens during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Kyle Grillot | Bloomberg | Getty Images Goldman Sachs is getting into the cloud computing business. The bank is opening up access to …

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Social Security retirement claims haven’t surged amid Covid-19. Here’s why

A Social Security Administration office in San Francisco. Getty Images One of the most immediate effects at the onset of the Covid-19 outbreak early last year was an upheaval in the workforce. Now, almost two years later, data suggests only one cohort of older workers accelerated their retirement plans — those ages 70 and up. …

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Cyber Monday online sales drop 1.4% from last year to $10.7 billion, falling for the first time ever

Amazon.com Inc. packages sit in front of a FedEx Corp. delivery truck in New York. Christopher Lee | Bloomberg | Getty Images Consumers logged online on Monday and spent $10.7 billion, marking a 1.4% decrease from year-ago levels, according to data from Adobe Analytics. This year’s tally marks the first time that Adobe has tracked …

Cyber Monday online sales drop 1.4% from last year to $10.7 billion, falling for the first time ever Read More »

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Ray Dalio says cash is not a safe place right now despite heightened market volatility

Bridgewater Associates’ Ray Dalio stood by his belief that cash is not the place to be despite the volatility in the markets triggered by the new omicron Covid variant. “Cash is not a safe investment, is not a safe place because it will be taxed by inflation,” the founder of the world’s biggest hedge fund …

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Many people are flying private jet services for the first time. Here’s what they’re paying

Private air travel is prospering under the pandemic. In fact, interest is so high that many private jet companies have a different problem of their hands: keeping up with demand. Private aviation company VistaJet said new memberships for the first half of 2021 are up 53% compared to 2020, with Europe bringing in the greatest …

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Waiting to talk finance with an aging parent in cognitive decline is a mistake, experts say

Camille Tokerud Photography Inc. | Stone | Getty Images Your elderly mother is getting forgetful and confused. What do you do now? “Waiting until a senior’s decline is evident may already be too late,” said certified financial planner Ralph Bender, founder of Enduring Wealth Advisors in Temecula, California. When is the right time for adult …

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Stock futures rise as market set to build on Monday’s rebound from omicron-triggered sell-off

Stock futures climbed in overnight trading on Monday following a rebound on Wall Street as investors reassessed risks associated with the new omicron Covid variant. Futures on the Dow Jones Industrial Average gained 110 points. S&P 500 futures and Nasdaq 100 futures both rose 0.3%. The overnight action came after a broad-based comeback that saw …

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Cramer reluctant to buy market bounce, says ‘silly sellers’ could hit stocks again soon

CNBC’s Jim Cramer said he doesn’t feel comfortable buying into Monday’s early stock market bounce, following Friday’s omicron-driven plunge, because the selling could resume in the event of future negative news about the highly mutated Covid variant. The Dow Jones Industrial Average — which had been up nearly 400 points, or more than 1%, shortly …

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These financial advisors give newlyweds the ultimate wedding gift: financial compatibility

JGI/Jamie Grill | Tetra images | Getty Images Before starting any planning around money, newlyweds should take a hard look at who they are and what they want out of life, financial advisors say. “It’s important for you to sit down together and discuss your values — both as individuals, and then as a couple,” …

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More than half of shoppers are going into debt this holiday season, study finds

Americans are spending a little less this holiday season — but still more than they can afford. Total spending on Black Friday, both in stores and online, fell slightly from a year ago — the first decline on record — in part because holiday shoppers started their shopping earlier in face of supply chain setbacks …

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Powell to tell Senate omicron variant poses downside risk to economy, complicates inflation picture

Federal Reserve Chairman Jerome Powell testifies during a Senate Banking, Housing and Urban Affairs Committee hearing on the CARES Act, at the Hart Senate Office Building in Washington, DC, U.S., September 28, 2021. Kevin Dietsch | Reuters Federal Reserve Chairman Jerome Powell believes that the omicron variant of Covid-19 and a recent uptick in coronavirus …

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Op-ed: Market pundits are predicting average returns for 2022. Here’s why investors should be wary

Charging Bull Statue is seen at the Financial District as snowfall in New York City, United States on December 16, 2020. Tayfun Coskun | Anadolu Agency | Getty Images Investors are about to be besieged with financial soothsayers predicting returns for 2022.   My guess is after the more than 16% in annualized gains from …

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Op-ed: ‘Giving Tuesday’ is a chance to help charitable organizations tackle worthy causes

PeopleImages.com | Getty Images Since early 2020, most of us have obviously focused our energy and attention on the global pandemic. As we emerge from this perilous time, it’s important to remember that the last 20 months have had a profound impact on charitable giving. It has been widely reported that small charities nationwide have …

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