The Food and Drug Administration on Thursday approved updated Covid vaccines from Pfizer and Moderna, putting the new shots on track to reach most Americans in the coming days amid a summer surge of the virus. The jabs target a strain called KP.2, a descendant of the highly contagious omicron subvariant JN.1 that began circulating … Read more
U.S. crude oil was above $72 per barrel on Thursday after erasing most of its gains for the year as soft demand in China and worries about the U.S. economy weighed on the market. The U.S. benchmark is now up just 0.91% for the year, while global benchmark Brent crude has erased all of its … Read more
European Commission President Ursula von der Leyen (L) and US Vice President Kamala Harris (R) line up for the family photo at the UK Artificial Intelligence (AI) Safety Summit at Bletchley Park, in central England, on November 2, 2023. Daniel Leal | Afp | Getty Images Vice President Kamala Harris is poised to take the … Read more
“Divided we cannot endure, but united we can endeavor to humanize our democracy and endear democracy to humanity.” Gorman, 26, recited at the United Center arena in Chicago “It falls to us, to ensure that we do not fall. For a people that cannot stand together, cannot stand at all.” In 2021, the Harvard graduate … Read more
Traders work on the floor of the New York Stock Exchange during morning trading on August 20, 2024 in New York City. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no … Read more
Wong Yu Liang | Moment | Getty Images China’s state media and foreign ministry quickly moved to criticize Washington, after the New York Times reported that U.S. President Joe Biden reoriented the U.S.’ nuclear strategic plan in March to focus on Beijing’s rapid expansion of its nuclear arsenal. The outspoken editor of the Global Times, … Read more
Traders work on the floor of the New York Stock Exchange during morning trading on August 20, 2024 in New York City. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no … Read more
The former CEO of a small Kansas bank was sentenced to more than 24 years in prison for looting the bank of $47 million — which he sent to cryptocurrency wallets controlled by scammers who had duped him in a “pig butchering” scheme that appealed to his greed, federal prosecutors said. The massive embezzlement by … Read more
Vice President Kamala Harris addresses the Democratic National Convention at the United Center in Chicago on Aug. 19, 2024. Tom Williams | CQ-Roll Call, Inc. | Getty Images Vice President Kamala Harris wants to forgive medical debt for millions of Americans. The economic plan Harris rolled out last week notes that the Democratic presidential nominee … Read more
The dollar fell to its lowest level since December on Wednesday as investors anticipate Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole economic conference in Wyoming. The dollar has consistently been trending downward in August. In 2022, the dollar reached its highest level since the early 2000s, after experiencing a decade of sustained … Read more
