Administering Moderna’s Covid-19 vaccine in London. Dinendra Haria/SOPA Images/LightRocket via Getty Images Moderna shares fell as much as 14% on Thursday following the COVID vaccine maker’s financial update. The company cut its 2022 revenue outlook to a range of $18 billion to $19 billion. Third-quarter per-share earnings of $2.53 on total revenue of $3.36 billion…
Monthly Archives: November 2022
Guggenheim Investments CIO Scott Minerd. Patrick Fallon/Getty Images The Fed is getting off the “hamster wheel” of 75 basis point rate hikes, Scott Minerd said. But the Guggenheim CIO added the Fed is sticking to its interest rate rise goals to cool inflation. He also said the Fed’s acknowledgement of lagging monetary policy opens the…
The People’s Bank of China. Jason Lee/Reuters The Federal Reserve and Bank of England both made 75-basis-point interest rate hikes this week. China, however, has kept relatively loose monetary policy, compared to Western economies. The yuan slipped 0.4% to 7.3166 Thursday, nearing the 15-year low of 7.33 which it hit on Tuesday. Both the Federal…
Giselle González, a freelance UGC creator. Courtesy of González. Giselle González started creating user-generated content in March 2022. She didn’t have a social-media following, but she started created content based on brands she loved. Now she earns thousands a month by creating UGC for beauty-and-wellness brands on social media. This as told to story is…
The President won’t have to pay for a blue tick, reports suggest. Taylor Hill/Getty Images; STR/NurPhoto via Getty Images Government accounts will not have to pay Twitter’s new $8 verification fee, Bloomberg reports. One of Elon Musk’s first moves as Twitter’s owner has been to draw up plans for paid verification. The plan has drawn…
Ukraine’s defense minister shared a video of the incident on November 2, 2022. Ukraine Ministry of Defence. Ukrainian forces have reported taking out multiple Russian helicopters in recent weeks. A Ukrainian official on Wednesday shared a video he said shows a strike on a Russian helicopter. “Flights to Ukraine are harmful to Russian occupiers,” Ukraine’s…
Getty Images US stocks opened lower Thursday as the sell-off from a day earlier continued. The US dollar and bond yields both gained with investors seeking cover. On Wednesday, Fed chief Jerome Powell squashed hopes of a policy pivot following another jumbo rate hike. US stocks fell Thursday, with investors still digesting hawkish rhetoric from…
A lawyer for Bezos told Bloomberg the claims have no merit. Susan Walsh/AP Jeff Bezos’s ex-housekeeper is suing him over claims she was made to work in unsanitary conditions. Mercedes Wedaa also accused the Amazon founder of racial discrimination and wrongful termination. A lawyer for Bezos told Bloomberg the claims have no merit. Jeff Bezos’s…
Former Prime Minister Imran Khan moments after being shot at a rally on Thursday, November 3, 2022. PTI Official/ Twitter Former Pakistani PM Imran Khan was shot and injured at a rally on Thursday. Videos show the aftermath, including a crowd member appearing to intercept the alleged shooter. Another video showed Khan waving at the…
Uniper has been struggling after Russia choked off supply to Germany. (Photo by Jakub Porzycki/NurPhoto via Getty Images) Germany’s Uniper posted a record 40 million euro ($39.3 billion) loss for the first 9 months of 2022. Russia choked off gas flows to Germany, forcing the utility giant to buy new supply at higher prices. The…