Tag: business

Dr. Anthony Fauci explains what the U.S. pause on J&J’s Covid vaccine means

White House chief medical advisor Dr. Anthony Fauci said Tuesday that the Food and Drug Administration’s recommended pause on the use of Johnson & Johnson‘s Covid-19 vaccine will give U.S. health regulators the time they need to thoroughly investigate how six women developed a rare blood clotting disorder that left one dead. Fauci said officials […]

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Cramer counts Chipotle, Darden among ‘last man standing’ restaurant plays

CNBC’s Jim Cramer on Monday revealed a list of stocks he expects will benefit from the “last man standing scenario.” “After a year of carnage, big businesses with deep pockets are triumphing over their smaller competitors who didn’t make it,” the “Mad Money” host said. The scenario will play out vividly in the restaurant industry, […]

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DARPA awards nuclear spacecraft contracts to Lockheed Martin, Bezos’ Blue Origin and General Atomics

An artist’s rendering of a DRACO spacecraft. DARPA The Pentagon’s research and development arm on Monday awarded a trio of companies with contracts to build and demonstrate a nuclear-based propulsion system on a spacecraft in orbit by 2025. General Atomics, Lockheed Martin and Jeff Bezos’ space venture Blue Origin won the Defense Advanced Research Projects […]

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Fed Chair Powell says economy about to grow much quicker due to vaccinations and fiscal support

Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on Capitol Hill in Washington, December 1, 2020. Susan Walsh | Pool | Reuters The U.S. economy is at a turning point thanks to government support and a speedy campaign to inoculate Americans against Covid-19, […]

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Biden declares South Korean battery maker deal a win for U.S. electric vehicle production

President Joe Biden during remarks on the American Jobs Plan in the South Court Auditorium at the Eisenhower Executive Office Building on April 7, 2021. Demetrius Freeman | The Washington Post | Getty Images President Joe Biden on Sunday declared the settlement between two Korean battery makers a victory for U.S. efforts to build a strong […]

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Are you worrying too much about running out of money in retirement?

This article is reprinted by permission from NerdWallet.  Many U.S. households retire without enough money to maintain their pre-retirement standard of living. Once retired, though, people often reduce their spending enough to make their money last, according to a recent study by David Blanchett, head of retirement research at Morningstar, MORN, +0.02% and Warren Cormier, […]

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‘Godzilla vs. Kong’ tops $60 million domestically, the best box office haul of the pandemic

Godzilla and King Kong battle in Warner Bros.’ “Godzilla vs. Kong.” Source: Warner Bros. “Godzilla vs. Kong” is smashing pandemic box office records. On Saturday Warner Bros., which produced the movie alongside Legendary, revealed that its kaiju-filled film had topped $60 million at the domestic box office, making it the highest-grossing movie to be released […]

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