Treasury yields tick higher amid market volatility as yield curve remains inverted

US Treasury yields were higher early on Wednesday after a volatile day on Wall Street, but the closely watched 2-year / 10-year yield curve remained inverted, a key recession warning. At around 2:45 am ET, the yield on the benchmark 10-year Treasury note climbed one base point to 2,824%, while the yield on the 30-year … Read more

FDA panel recommends changing Covid shots to fight omicron this fall

A healthcare worker prepares a syringe with the Moderna COVID-19 vaccine at a pop-up vaccination site operated by SOMOS Community Care during the COVID-19 pandemic in Manhattan in New York City, January 29, 2021. Mike Segar | Reuters The Food and Drug Administration’s panel of independent vaccine experts on Tuesday voted 19 to 2 to … Read more

Buy these stocks with strong balance sheets, cash flow

It’s a tough year to be invested in stocks, with the stock market experiencing a seemingly never-ending cycle of gyrations. Major US indexes fell last week, with the Dow Jones Industrial Average ending the week at 29,888.78 – just a day after it dipped below the key 30,000 level for the first time since January … Read more

CDC advisors recommend Covid vaccines for children as young as 6 months

A child is administered a dose of the Pfizer-BioNTech coronavirus disease (COVID-19) pediatric vaccine. Mayela Lopez | Reuters The Centers for Disease Control and Prevention’s independent vaccine experts on Saturday backed Pfizer’s and Moderna’s Covid-19 shots for children as young as 6 months. The CDC committee voted unanimously to recommend the shots for use in … Read more

Seagen, Moderna, Utz, Kroger and more

The Kroger supermarket chain’s headquarters is shown in Cincinnati, Ohio. Lisa Baertlein | Reuters Check out the companies making headlines in midday trading Friday. Seagen – Shares of the biotech company surged more than 16.1% following a Wall Street Journal report that pharmaceutical company Merck is considering buying Seagen. The report, citing people familiar with … Read more

These stocks could be cheap buys for the long term even if a recession hits

As recession fears grow on Wall Street, CNBC Pro found stocks that are cheap even in an economic slowdown. The major averages are heading for a losing week on Friday. Investors are concerned that this week’s announcement of the most aggressive rate increase since 1994 by the Federal Reserve could tip the economy into a … Read more

FDA authorizes Pfizer and Moderna’s Covid vaccines for children as young as 6 months

Vials with Pfizer-BioNTech and Modern coronavirus disease (COVID-19) vaccine labels are seen in this illustration picture taken March 19, 2021. Dado Ruvic | Reuters The Food and Drug Administration on Friday authorized Moderna and Pfizer’s Covid-19 shots for children as young as 6 months old, which makes nearly every person in the US now eligible … Read more

Florida is the only state that hasn’t ordered Covid vaccines for kids under 5

Parents walk their children on the first day of school, amid the coronavirus (COVID-19) pandemic, at West Tampa Elementary School in Tampa, Florida, US, August 10, 2021. Octavio Jones | Reuters Florida parents with kids under 5 years old may find themselves waiting longer than the rest of the country to get their youngest children … Read more

Moderna, Robinhood, Snowflake and more

Here are the company’s making headlines in midday trading: Moderna – The biotech stock jumped 7% after a Food and Drug Administration committee voted to recommend Moderna’s Covid vaccine to children ages six through 17. The FDA is expected to authorize vaccines for children later this week. Robinhood – Shares of the retail brokerage fell … Read more

Baidu, MicroStrategy, Moderna and more

Check out the companies making headlines before the bell: Baidu (BIDU) – Baidu shares jumped 4.1% in premarket trading after Reuters reported the China-based internet search giant is in talks to sell its controlling stake in the video streaming company iQIYI (IQ). iQIYI fell 3.4%. MicroStrategy (MSTR) – MicroStrategy lost 2.2% in the premarket as … Read more