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Moderna Stock Jumps After Cancer Vaccine Announcement
Shares of Moderna surged more than 11% on Wednesday after the biotech company [announced](https://investors.modernatx.com/news/news-details/2022/Merck-and-Moderna-Announce-Exercise-of-Option-by-Merck-for-Joint-Development-and-Commercialization-of-Investigational-Personalized-Cancer-Vaccine/default.aspx) it would develop and sell a personalized cancer vaccine with Merck. The stock was the biggest gainer on the S 500 around midday. Shares of Merck were little changed. Merck will pay Moderna $250 m
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'There Are Signs That a Market Bottom Is in Sight': Oppenheimer Likes These 2 Stocks for a Comeback Rally
The big question: Has the market hit a bottom yet? Well, according to Oppenheimer's Head of Technical Analysis Ari Wald, there are signs one is forming, the most notable of which is that the Russell 2000 index – the barometer for small-cap stocks - "held to the June lows in the most recent late Q3 move to the downside." Wald also notes that the signal of a market top is when the S&P 500 makes a "higher high, and small caps make a lower high," and we are currently seeing the opposite scenario pla
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Ray Dalio Says There's a 'Perfect Storm' Brewing; Here Are 2 High-Yield Dividend Stocks to Protect Your Portfolio
The headwinds have piled up for the US economy, and today's producer price index, coming in well above the forecasts, was just the latest blow. As the PPI reminds us, inflation is stubbornly high, and compounding on last year's elevated numbers. In addition, we're facing a 1H GDP contraction, a nosedive in consumer confidence, shaky supplies chains, and the Federal Reserve's rapid shift to hiking interest rates. And all of that may just be the tip of the iceberg. Billionaire investor Ray Dalio s
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I'm the US chief economist at Vanguard, and here are 5 things investors should consider now amid high inflation
Altogether, the seasonally adjusted inflation still stood at 8.3% over the past 12 months in August. "High inflation is unlikely to become a permanent feature of the economy," Aliaga-Diaz assured, adding that "central banks are trying hard to bring it down" though that "may cost them a mild recession." Instead, Aliaga-Diaz says the best strategy is to look ahead "over medium and long-term horizons," and that the "odds are that markets will be better than the last few months."
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Chip Industry Braces for 'Heavy Blow' From China Export Curbs
(Bloomberg) -- The Biden administration's new restrictions on doing business with China are sending shock waves through the global semiconductor industry, with chip-equipment makers girding for perhaps the most painful fallout. Most Read from BloombergIntel Is Planning Thousands of Job Cuts in Face of PC SlumpHere's How Weird Things Are Getting in the Housing MarketPutin Says All Infrastructure at Risk After Nord Stream HitAlex Jones Must Pay $965 Million for His Sandy Hook LiesUS Core Inflation
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The stock market is in trouble. That's because the bond market is 'very close to a crash.'
Don't assume the worst is over, says investor Larry McDonald. McDonald, founder of The Bear Traps Report and author of "A Colossal Failure of Common Sense," which described the 2008 failure of Lehman Brothers, expects more turmoil in the bond market, in part, because "there is $50 trillion more in world debt today than there was in 2018." The bond market dwarfs the stock market — both have fallen this year, although the rise in interest rates has been worse for bond investors because of the inverse relationship between rates (yields) and bond prices.
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Equities Under Pressure Ahead of Key US CPI Data: Markets Wrap
(Bloomberg) -- Shares continued their declines and currencies fluctuated amid caution in markets as investors awaited highly anticipated US inflation data later Thursday. Most Read from BloombergIntel Is Planning Thousands of Job Cuts in Face of PC SlumpHere's How Weird Things Are Getting in the Housing MarketPutin Says All Infrastructure at Risk After Nord Stream HitAlex Jones Must Pay $965 Million for His Sandy Hook LiesUS Core Inflation Seen Returning to 40-Year High as Rents RiseStocks fell
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Bridgewater's Dalio warns of a 'perfect storm' for economy
Ray Dalio, the billionaire investor who built Bridgewater Associates into one of the world's biggest hedge funds, said a "perfect storm" is forming that will spread economic pain as the U.S. Federal Reserve raises interest rates. "I don't know whether that's 4.5% or the economy could not take an interest rate much higher than that before it's going to be negative."
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Carl Icahn Stock Portfolio: Top 12 Picks
In this article, we shall discuss the top 12 picks in Carl Icahn's stock portfolio. To skip our detailed analysis of Icahn's history, his investment strategy, and hedge fund performance, go directly and see Carl Icahn Stock Portfolio: Top 5 Picks. Carl Icahn is an American financier and currently serves as the Chief Executive Officer […]
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Why Cruise Stocks Were Beating the Market on Wednesday
UBS Group analyst Robin Farley released a bullish note on Norwegian Cruise Line Holdings (NYSE: NCLH) earlier Wednesday that also lifted other leading travel stocks Carnival (NYSE: CCL) (NYSE: CUK) and Royal Caribbean Cruises (NYSE: RCL). As of 11:36 a.m. ET on Wednesday, shares of Norwegian Cruise Line were up 7%, with Carnival up 4.7% and Royal Caribbean up 5.2%.
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Source: https://finance.yahoo.com/news/facebook-users-seeing-rocket-icon-092606724.html
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