The Fed’s Powell triggered a 1,000 point rout in the Dow Jones. Here’s what investors should do next.

Now might be a good time to consider hiding in short-term Treasuries or corporate bonds and other defensive parts of the stock market. On Friday, Federal Reserve Chairman Jerome Powell spoke of a willingness to inflict “a bit of pain” on households and businesses in an unusually blunt speech from Jackson Hole that hinted at … Read more

Sentenced to 17, prisoner, now 53, exonerated of rape

NEW ORLEANS — A black man wrongfully convicted as a teenager of a rape in New Orleans more than 36 years ago was released on Thursday after a judge overturned his conviction. Sullivan Walter, now 53, used a tissue to wipe away tears as a state district judge formally overturned his conviction for rape by … Read more

Study finds Pfizer’s antiviral has little to no benefit for young adults, and WHO says BA.5 omicron subvariant accounted for 74% of cases in past week

Pfizer’s COVID antiviral, Paxlovid, appears to have little to no benefit for young adults, although it still reduces the risk of hospitalization or death in older adults, according to a new Israeli study. Data from the study of 109,000 patients could renew questions about the US government’s use of Paxlovid, which has become the gold … Read more

Paul Newman’s daughters are suing the late actor’s charitable foundation

HARTFORD, Connecticut — A new lawsuit has revealed a deep rift between two of Paul Newman’s daughters and the late actor’s charitable foundation funded by profits from Newman’s Own line of food and beverages. The daughters, Susan Kendall Newman and Nell Newman, claim their own charities are supposed to receive $400,000 a year from Newman’s … Read more

Pfizer and BioNTech say data shows COVID vaccine is more than 70% effective in young children, with cases rising in just 7 states

Pfizer and its German partner BioNTech on Tuesday offered updated COVID vaccine data supporting efficacy in children 6 months to 4 years old. Businesses EFP, -1.97% BTX, +0.03% said updated analysis of 34 cases occurring at least seven days after a three-dose regimen showed a vaccine efficacy of 73.2% in children in this age group. … Read more

Bill Ackman says fast food chains are an inflationary shield. Here are two he likes, and one he just sold.

A cautious session is expected for Tuesday, after the worst slump since June for the major indices. That’s when a growing number of investors see the Fed moving from rate hikes to a daunting challenge in the face of stubbornly high inflation and a global growth mess. We’ll find out on Friday when Fed Chairman … Read more

Zoom struggles to convince consumers to pay, and stock slips

Zoom Video Communications Inc. is struggling to convince people to pay for its video conferencing service in the third year of the COVID-19 pandemic, contributing to a reduced forecast and falling stock price on Monday. Zoom ZM, -2.07% executives slashed their full-year earnings and revenue forecast Monday afternoon, and Zoom chief financial officer Kelly Steckelberg … Read more

Watch out for a ‘bear trap’ stock pullback after big summer rally, strategists warn

It looks like a “bear trap” may be lurking in this summer’s big rebound for the stock market, which could lead to painful losses for investors, Glenmede strategists warned in a Monday report. Investors are already appearing reconsider some factors of the strong rebound this summer, including rethinking hopes that the Federal Reserve might not … Read more

Polio and monkeypox demonstrate ‘increased focus’ on viruses

Over two years of COVID-19, and people think differently about viruses. This month, the United States declared monkeypox a public health emergency, and people at high risk of contracting the virus – especially men who have sex with men – are lining the streets town to get vaccinated. An epidemic of avian influenza which raises … Read more

Here are 5 reasons why the bull run in stocks could be about to turn into a bear market

Some market gurus are beginning to worry that Wall Street’s summer rally is starting to run out of steam, after stocks quickly went from oversold to overbought. Gene Goldman, chief investment officer of Cetera Financial Group, explained that stocks are likely heading for a pullback, even though the economy is in better shape than many … Read more