An influential Food and Drug Administration committee is set to meet Friday to discuss whether the regulator should approve BioNTech and Pfizer's COVID-19 booster shot See full story.
‘It’s Groundhog Day for mortgage rates.’ As interest rates hold steady, the housing market could be getting its second wind
For over two months now, interest rates have barely budged, remaining well below 3%. See full story.
At end of the day, if bitcoin is successful governments will ‘kill it,’ says Ray Dalio
Ray Dalio, billionaire investor and founder of Bridgewater Associates, the world’s largest hedge fund, says that the more successful that bitcoin becomes, the more likely that it will get neutralized by governments and regulators supporting traditional monetary systems. See full story.
SEC Chair Gensler defends Reddit, GameStop investors’ right to ‘smash’ short sellers
Washington's top Wall Street cop is showing no appetite for cracking down on the behavior of millions of retail investors who use forums on Reddit and other social media platforms to coordinate investment strategies, sometimes at the expense of established Wall Street short sellers. See full story.
Retail sales surge in August despite spread of delta, signaling U.S. economy is still strong
Sales at U.S. retail stores rose sharply in August in sign that Americans continued to spend gobs of money despite the spread of delta, though high inflation likely accounted for some of the increase. See full story.
In some cities, rents have increased by as much as 30% over the past year. See full story.