Moderna undercut its 10-week moving average for the second time in two weeks. A continued drop below this key level would trigger a key defensive sell rule.
Leader in abortion care, carafem, introduces "Cara," the first virtual assistant to facilitate abortion care via telemedicine.
(Bloomberg) -- U.S. stocks climbed to record highs and bond yields fell as investors bet that a higher-than-forecast rise in inflation won’t be enough to slow economic stimulus measures.The S&P 500 touched an all-time high even after the U.S. recommended pausing Johnson & Johnson vaccines amid health concerns. The tech-heavy Nasdaq 100 also hit a record while the Dow Jones Industrial Average erased earlier losses. Consumer prices rose more than expected last month but investors speculated the acceleration was not fast enough to warrant any Federal Reserve policy change. The drop in yields weighed on bank shares.“The market has been skittish about rates for some time,” said Mike Loewengart, managing director of investment strategy at E*Trade Financial. “While this may cause some short-term volatility, investors have been pretty steadfast in their faith in a full economic recovery.”J&J shares fell as officials agreed to the pause and started an investigation into a link from its shot to rare and severe blood clots, while rivals Moderna Inc. and Pfizer Inc. advanced. The U.S. anticipates having enough other vaccines during the period. Investors flocked back to stay-at-home companies while selling travel shares such as Carnival Corp. and Royal Caribbean Cruises Ltd. American Airlines Group Inc. also slid.Fund managers across the world now see inflation, a taper tantrum and higher taxes as bigger risks than Covid-19, according to the latest Bank of America Corp. survey.“A lot of growth and inflation have already been priced into the market,” said Emily Roland, co-chief investment strategist at John Hancock Investment Management. “It’s almost as if you need to exceed those expectations in order to see a more pronounced reaction from markets.”Although policymakers at the Federal Reserve expect a bump in consumer prices to be short-lived, many traders disagree, with fears of faster CPI playing out across duration-heavy assets from bonds to tech stocks.Treasuries extended gains after the government’s auction of 30-year bonds was greeted with strong demand.Meanwhile, Bitcoin jumped to an all-time high as the mood in cryptocurrencies turned bullish before Coinbase Global Inc. goes public. Oil traded near $60 a barrel.Some key events to watch this week:Banks and financial firms begin reporting first-quarter earnings, including JPMorgan Chase & Co., Citigroup Inc., Bank of America Corp., Morgan Stanley, Goldman Sachs Group Inc.Economic Club of Washington hosts Fed Chair Jerome Powell for a moderated Q&A on Wednesday.U.S. Federal Reserve releases Beige Book on Wednesday.U.S. data including initial jobless claims, industrial production and retail sales come Thursday.China economic growth, industrial production and retail sales figures are on Friday.These are some of the main moves in financial markets: For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Fresh focus on finance firm’s infiltration of Cameron’s government – after procurement head was made adviser while still a civil servant
Follow all the live action from the quarter-final second leg
Name chosen by child to reflect the sponge’s ‘purple, dumpling-like’ appearance
Last year’s finalists go head to head in the second leg with a last-four spot at stake
ACCO Brands Corporation (NYSE: ACCO) today announced with deep sadness that James A. Buzzard, a director of the Company, died unexpectedly on April 9, 2021. Mr. Buzzard served as a member of the Board of Directors since 2012, including as its lead independent director since 2017.
Crescita Therapeutics Inc. (TSX: CTX and OTC US: CRRTF) (Crescita or the Company), a Canadian commercial dermatology company, is pleased to announce that its President and CEO, Serge Verreault will be presenting at the upcoming Bloom Burton & Co. Healthcare Investor Conference taking place virtually on April 20 and 21, 2021.
He’s the first policing expert to reach that conclusion
Claim tattoo parlours have been given more certainty than students
In The Know's Phoebe Zaslav found there's an easy way to make your own tanning lotion at home. The post How to make natural self-tanner using only two ingredients appeared first on In The Know.
NEW YORK, April 13, 2021 (GLOBE NEWSWIRE) -- Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action lawsuit that has been filed on behalf of investors who purchased or acquired the securities of MoneyGram International, Inc. (“MoneyGram” or the “Company”) (NASDAQ: MGI) from June 3, 2019, through February 22, 2021 (the “Class Period”). The lawsuit filed in the United States District Court for the Central District of California alleges violations of the Securities Exchange Act of 1934. If you purchased MoneyGram securities, and/or would like to discuss your legal rights and options please visit MoneyGram Shareholder Class Action Lawsuit or contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com The complaint alleges that throughout the Class Period, defendants made materially false and/or misleading statements, as well as failed to disclose to investors: (1) XRP, the cryptocurrency that MoneyGram was utilizing as part of its Ripple partnership, was viewed as an unregistered and therefore unlawful security by the SEC; (2) in the event that the SEC decided to enforce the securities laws against Ripple, MoneyGram would be likely to lose the lucrative stream of market development fees that was critical to its financial results throughout the Class Period; and (3) as a result, defendants’ public statements were materially false and/or misleading at all relevant times. On February 22, 2021, MoneyGram filed its annual report on Form 10-K for the year ended December 31, 2020, disclosing to shareholders that it was “possible that MoneyGram will not resume transacting with Ripple under the commercial agreement and will be unable to receive the related market development fees in 2021 and beyond.” On this news, MoneyGram securities fell 33.2%, from a closing price on February 19, 2021 of $10.87, to a closing price on February 23, 2021 of $7.26 per share. If you wish to serve as lead plaintiff, you must move the Court no later than April 30, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member. If you purchased MoneyGram securities, and/or would like to discuss your legal rights and options please visit https://www.bernlieb.com/cases/moneygraminternational-mgi-shareholder-class-action-lawsuit-stock-fraud-368/apply/ or contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com. Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for ten consecutive years. ATTORNEY ADVERTISING. © 2021 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin. Prior results do not guarantee or predict a similar outcome with respect to any future matter. Contact Information Matthew E. GuarneroBernstein Liebhard LLPhttps://www.bernlieb.com(877) 779-1414MGuarnero@bernlieb.com
(Bloomberg) -- It’s not quite the nearly $1 billion blunder that Citigroup Inc. made last summer, but Charles Schwab Corp. said it accidentally sent more than $1 million dollars to the Fidelity Brokerage Services account of a woman in Louisiana.Schwab blamed an “issue created by a software enhancement” for erroneously transferring $1.2 million in February to the Fidelity account of Kelyn Spadoni, rather than the $82.56 she had requested, according to a lawsuit filed in federal court in New Orleans last month. When the company realized the mistake and attempted to take the money back, it was gone and Spadoni wasn’t answering her phone, the bank said.Spadoni, 33, of Harvey, Louisiana, was arrested last week and fired from her job as a 911 dispatcher, nola.com and WVUE-TV reported, citing the Jefferson Parish Sheriff’s Office. She was released from jail on a bond on April 8, according to court records.Spadoni had used some of the money to buy a house and a 2021 Hyundai Genesis sport-utility vehicle, according to the reports. Most of the rest was recovered. Spadoni is charged with bank fraud, theft and illegal transmission of monetary funds.The sheriff’s office didn’t immediately respond to voice-mail messages seeking comment. Schwab didn’t respond to an email and phone call. A message left for Spadoni at a number listed for her wasn’t returned.Schwab’s mistake is among the technical blunders -- such as misplaced decimal points and “fat finger” errors -- that financial firms dread. But it’s a trifle compared to the goof by Citigroup last summer. The bank meant to make an interest payment to Revlon Inc. lenders and instead wired them the principal, too, totaling $900 million.And that misadventure pales in comparison to Deutsche Bank AG’s inadvertent transfer of 28 billion euros ($33.4 billion) to one of its outside accounts in 2018.The case is Charles Schwab v. Spadoni, 21-cv-635, U.S. District Court, Eastern District of Louisiana (New Orleans).(Updates with charges in fourth paragraph. Earlier versions of this story corrected the spelling of the woman’s first name and whether she remained in custody.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Canoo Inc. f/k/a Hennessy Capital Acquisition Corp. IV (NASDAQ: GOEV) between August 18, 2020 and March 29, 2021, inclusive (the "Class Period") of the important June 1, 2021 lead plaintiff deadline.
* Mexican peso hits two-month high * Russian rouble jump ~2% * Argentina's inflation expected to heat up again in March * GPA SA rises on potential IPO related to e-comm unit (Updates prices) By Susan Mathew April 13 (Reuters) - Most Latin American currencies rallied on Tuesday against a dollar weakened by U.S. inflation data signaling the U.S. Federal Reserve would stay easy, while Russia's rouble jumped after reports of a call between Washington and Moscow. Brazil's real firmed 0.5%, while Mexico's peso hit a two-month high. Higher copper prices bolstered top producer Chile's peso, which was up 0.7% after two straight days of losses.
NBA Fearless Forecast Weekly Rank: 29
‘My son was laying there unresponsive, that was the last time that I seen my son, that’s the last time that I heard from my son’
Shares of space stock AST SpaceMobile (Nasdaq: ASTS), which went public in a SPAC-sponsored reverse merger last week, have declined more or less steadily ever since that event took place. To refresh your memory, New Providence Acquisition touted AST SpaceMobile stock as a play on a "$1 trillion global mobile wireless services market" in which "five billion" potential customers would like to be able to use their ordinary cellphones to place calls via satellite. AST promised to make that happen by launching a constellation of satellites to carry the calls, using technology that "is highly proprietary" -- so much so that the company declined to disclose "exactly how it works."
Coinbase Announces Update Regarding Conversion of Shares of Class B Common Stock to Shares of Class A Common Stock
‘In terms of where we will be investing force posture, our blood and treasure, we believe that other priorities merit that investment’