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COVID), and active funds are hugging their benchmarks," Subramanian wrote in a note about her 2024 outlook. "We're bullish not because we expect the Fed to cut, but because of what the Fed has accomplished," Subramanian wrote. BMO Capital MarketsBofA analysts are calling for slower inflation, better profit margins, and improved efficiency, Subramanian wrote. BMO is less optimistic about energy stocks since they've lagged behind oil prices in the last year. Consumer discretionary is a strong bet if interest rate hikes are over and consumers keep spending, Subramanian wrote.
Persons: Brian Belski, Belski, Savita Subramanian, Subramanian, Bank of America BMO's Belski, he's, boomers, BofA Organizations: Bank of America, BMO Capital Markets, Business, BMO, Federal Reserve, " Bank of, Energy, BMO isn't Locations: Ukraine, Israel
CNN —With holiday season underway, you may be realizing that you forgot to get your Covid-19 and flu vaccines, and now you’ll be sitting across the table from your elderly relatives. Covid-19 vaccines were updated this year to target one strain of the coronavirus rather than two. “The flu vaccine might have been an adjuvant for the Covid vaccine,” she said. Moss led a recent study that compared neutralizing antibody responses of 53 Israeli health care workers who received their bivalent Covid-19 vaccines separately or with a flu shot. Blood samples from these health care workers were equally able to prevent Covid-19 and flu viruses from infecting cells, whether they got their vaccines together or separately.
Persons: Mandy Cohen, ” Cohen, , , Susanna Barouch, Barouch, they’re, Stephen Moss, Moss, ” Moss, Dr, Sanjay Gupta, William Schaffner Organizations: CNN, US Centers for Disease Control, CDC, US Food and Drug Administration, University of Michigan, Pfizer, CNN Health, Vanderbilt University Locations: Boston, Cambridge , Massachusetts, Netherlands
German budget crisis will haunt economy for years
  + stars: | 2023-11-24 | by ( Pierre Briancon | ) www.reuters.com   time to read: +4 min
LONDON, Nov 24 (Reuters Breakingviews) - The German government is working hard to demonstrate the foolishness of the country’s iron-clad ban on large budget deficits. The budget crisis will cripple the economy for years to come, for three reasons. The debt brake, which limits structural budget deficits to 0.35% of GDP, has only been suspended for this year’s budget. Public net investment has been negative for 20 years, Marcel Fratzscher, head of the German Institute for Economic Research, has pointed out. The country is not on the cusp of a debt crisis.
Persons: Carsten Brzeski, That’s, Marcel Fratzscher, Christian Lindner, Lindner, George Hay, Streisand Neto Organizations: Reuters, Constitutional, Organisation for Economic Co, Development, ING, German Economic Institute, Public, German Institute for Economic Research, German, Germany’s, Thomson Locations: Europe, Berlin
Savita Subramanian, the bank's head of U.S. equity and quantitative strategy, wrote Tuesday she sees the S & P 500 ending 2024 at 5,000. "We are past maximum macro uncertainty," wrote Subramanian. The S & P 500 on Friday posted a three-week winning streak — its longest run since this past summer. The strategist also noted other reasons she's bullish heading into 2024, including: Expectations of S & P 500 earnings rising more than 6% year over year. How to play it She anticipates a "stock picker's paradise" as certain companies separate themselves from the pack.
Persons: Savita Subramanian, Subramanian, she's Organizations: of America, Federal, Bull Locations: Monday's
Some schools are using marketing campaigns to raise attendance. Photo: Emily Elconin/Bloomberg NewsAt first, educators thought the plummeting attendance rates experienced during the pandemic were a Covid-19-related anomaly. Illness kept many students out of school, and families were wary of catching the disease. Now, more than two years after most schools resumed in-person classes, absences are still skyrocketing. Covid-19 has mostly faded as a concern, but it has left behind a changed attitude about going to school every day.
Persons: Emily Elconin Organizations: Bloomberg
NEW YORK (AP) — The U.S. flu season is underway, with at least seven states reporting high levels of illnesses and cases rising in other parts of the country, health officials say. The Centers for Disease Control and Prevention posted new flu data on Friday, showing very high activity last week in Louisiana, and high activity in Alabama, Florida, Georgia, Mississippi, New Mexico and South Carolina. “We’re off to the races,” said Dr. William Schaffner, a Vanderbilt University infectious diseases expertTraditionally, the winter flu season ramps up in December or January. Flu activity was moderate but rising in New York City, Arkansas, California, Maryland, New Jersey, North Carolina, Tennessee and Texas. Flu vaccination rates are better than rates for the other two main respiratory viruses — COVID-19 and RSV.
Persons: , , William Schaffner, Alicia Budd, Budd, it’s Organizations: Disease Control, District of Columbia, Vanderbilt University, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: U.S, Louisiana, Alabama , Florida, Georgia , Mississippi, New Mexico, South Carolina, District, Puerto Rico, New York City , Arkansas , California , Maryland , New Jersey, North Carolina , Tennessee, Texas, Alaska
Braelyn and Spencer Stone moved from Houston, Texas, to Mérida, Mexico, in 2022. They've reduced their debt by living in Mexico but miss their family and friends. AdvertisementAdvertisementThis as-told-to essay is based on a conversation with social-media managers Braelyn, 31, and Spencer Stone, 27, about moving to Mérida, Mexico, in 2022 after becoming unable to afford life in Houston, Texas. Rectoria El Jesus Tercera Orden in Mérida, Mexico. I would say we are saving a little over $2,000 each month — depending on how much we want to splurge.
Persons: Braelyn, Spencer Stone, They've, , Spencer, COVID, Rectoria, Pawel Toczynski, we've, We've, That's, I'm, Bumble, There's Organizations: Service, Spencer, Healthcare, Baylor, University of Houston, Jesus Tercera Orden Locations: Houston , Texas, Mérida, Mexico, Houston, Jesus, States
Syringes with needles are seen in front of a displayed Moderna logo in this illustration taken, November 27, 2021. Around 20 million people need to be vaccinated with Moderna's updated COVID-19 vaccine for the company to reach $2 billion in 2023 sales from the private market, a figure four analysts told Reuters was achievable. The company has said it expects total U.S. COVID vaccine demand to be as much as 100 million doses in the fall season. Moderna forecast $6 billion to $8 billion for sales of its COVID-19 vaccine in 2023, $2 billion to $4 billion of which is expected to come from the commercial market. The COVID vaccine is Cambridge, Massachusetts-based Moderna's lone marketed product.
Persons: Dado Ruvic, Oppenheimer, Hartaj Singh, Michael Yee, Yee, Manas Mishra, Khushi, Patrick Wingrove, Bill Berkrot Organizations: REUTERS, Reuters, U.S, Moderna, Pfizer, Jefferies, GSK, Thomson Locations: Cambridge , Massachusetts, United States, Bengaluru, New
Alyson and Josh McDonald moved their family from Eastvale, California, to Magnolia, Texas, last year. Then Josh went back to school and we ended up in California in 2011 because of the golf industry. Alyson and Josh McDonald said they feel more comfortable being openly conservative in Texas. There are definitely a lot of Californians here in Texas and even a lot of people from other states too. AdvertisementAdvertisementAlyson and Josh McDonald said their kids are thriving in Texas.
Persons: Alyson, Josh McDonald, , Alyson McDonald, We're, We've, Josh, we're, Texas Josh, McDonald, COVID, Nobody, Alyson McDonald It's Organizations: McDonalds, Service, Albertsons Locations: Eastvale , California, Magnolia , Texas, Texas, Houston, Hudson, Idaho, Chandler , Arizona, California, Eastvale, Arizona , Wyoming , Kansas City , Texas , Utah, New York, Texas . Texas
Passenger Susan Karpik was the lead plaintiff in the case against British-American cruise operator Carnival and its subsidiary Princess Cruises, the ship's owner. Federal Court Justice Angus Stewart ruled that Carnival had been negligent as defined by Australian consumer law by allowing the cruise to depart in the early months of the pandemic. He said Carnival had a duty to take reasonable care of her health and safety in regard to COVID-19. “It’s been a long time coming and a very comprehensive victory for the passengers on the Ruby Princess,” Antzoulatos said. “The pandemic was a difficult time in Australia’s history, and we understand how heartbreaking it was for those affected,” Carnival said.
Persons: Susan Karpik, Justice Angus Stewart, , ” Stewart, Princess, Carnival, Ruby, , , Vicky Antzoulatos, Susan Karpik's, Henry Karpik, ” Antzoulatos, “ It’s Organizations: British, Princess Cruises, Federal, Justice, Princess, Carnival Australia Locations: CANBERRA, Australia, Sydney, New Zealand, American, California, Japan
I’m almost embarrassed to share that Zoo Pals are paper plates that feature the bright, adorable faces of animals like pigs, turtles, ducks and whales. And I had an incentive to finish my plate so I could see my Zoo Pal’s face again. In August Hefty relaunched Zoo Pals after discontinuing the plates featuring animals nearly a decade ago. Hefty said one of the reasons it brought back Zoo Pals was "so our fans can relive their fondest childhood memories." Christopher Dilts/Bloomberg/Getty ImagesMattel Inc.’s American Girl doll line has also seen an influx of purchases made by kidults over the past few years, “and it continues to grow in popularity,” Jamie Cygielman, the president of American Girl, told CNN.
Persons: New York CNN —, I’m, , Covid, Krystine Batcho, , Batcho, she’s, Gen, Juli Lennett, ” Lennett, Christopher Dilts, kidults, ” Jamie Cygielman, Cygielman, Z, Instagramers, @inbloombyemily, hasn’t, , Lennett, ” Batcho Organizations: New, New York CNN, Zoo, CNN, Le Moyne College, Consumers, Lego, Bloomberg, Getty, Mattel Inc, American, Girl, Social Locations: New York, United States, Syracuse , New York, Chicago, American
The bar for taking a sick day is getting lower, and some bosses say that’s a problem. U.S. workers have long viewed an unwillingness to take sick days as a badge of honor. The number of sick days Americans take annually has soared since the pandemic, employee payroll data show. Covid-19 and a rise in illnesses such as RSV, which can require days away from work, are one reason. Managers and human-resources executives also attribute the jump to a bigger shift in the way many Americans relate to their jobs.
Locations: U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. COVID responses particularly hurt less privileged children, says author Bethany McLeanHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Bethany McLean, Brian Sullivan, Organizations: U.S, CNBC
The 2023 Nobel Prize award ceremony will be held on Dec. 10, the anniversary of the death of Alfred Nobel. Kariko, from Hungary, and her U.S. colleague Weissman, whose pioneering work paved the way for mRNA COVID-19 vaccines, were announced as the Nobel Prize winners on Oct. 2. “Won the Nobel science prize for the mRNA jab yet they wore a mask to collect their award for their vaccine??!!? The photographs of the pair holding the Japan Prize were taken when the COVID-19 pandemic was still active, in April 2022. Photos show Katalin Kariko and Drew Weissman with the Japan Prize in April 2022, not the Nobel Prize in Physiology or Medicine in October 2023.
Persons: Katalin Kariko, Drew Weissman, Alfred Nobel, Weissman, , , Kariko, Read Organizations: Facebook, Japan, World Health Organization, Reuters Pictures, Reuters, Thomson Locations: Hungary, Tokyo, Japan
Vaccine makers are depending on the U.S. market as many countries have more limited yearly campaigns for giving updated shots. For BioNTech, Moderna, and Novavax (NVAX.O), COVID vaccines remain their only approved products. Shares of Pfizer were up nearly 5%, however, buoyed by a $3.5 billion cost-cutting plan the drugmaker announced late on Friday alongside its new COVID sales outlook. Moderna, in a statement on Monday, maintained its current revenue forecast of $6 billion to $8 billion for its COVID vaccine for 2023. Jefferies analyst Michael Yee said Pfizer's new COVID outlook implies lower vaccine sales for Moderna than it had forecast.
Persons: Dado, BioNTech, Albert Bourla, Bourla, Mani Foroohar, Foroohar, Jefferies, Michael Yee, Ludwig Burger, Rachel More, Michael Erman, Bhanvi Satija, Manas, Jonathan Oatis, Caroline Humer, Bill Berkrot Organizations: COVID, Institute for Health, Food, REUTERS, Pfizer, Moderna, Manas Mishra, Thomson Locations: Zenica, Bosnia, Herzegovina, Frankfurt, Novavax, U.S, New York, Bengaluru
The biotech company is banking on sales of its updated Covid vaccine — its only commercially available product — and a broad cost-cutting push to help it stay afloat. Novavax's shot fends off the virus with protein-based technology, a decades-old method used in routine vaccinations against hepatitis B and shingles. The federal government shifted Covid vaccine distribution and coverage to the private market for the first time this fall. A sign advertises COVID-19 (coronavirus) vaccine shots at a Walgreens Pharmacy in Somerville, Massachusetts, August 14, 2023. Some pharmacies, like Walgreens , also appear to be resolving supply disruptions, which left many stores without any new Covid shots for patients to receive.
Persons: Patrick Van Katwijk, Novavax, aren't, Mayank Mamtani, fends, Silvia Taylor, Taylor, Novavax's, Mamtani, Hannah Beier, Jefferies, Roger Song, Brian Snyder, Biden Organizations: Dutch Health Service Organization, Getty, Pfizer, Moderna, Drug Administration, Riley Securities, CNBC, Covid, FDA, Bloomberg, Insurance, Walgreens, Reuters Locations: The Hague, Netherlands, U.S, Schwenksville , Pennsylvania, Somerville , Massachusetts
Ray Dalio says the primary source of pain for stocks is going to get worse before it improves. Surging Treasury yields have been a major headwind for equities, which have seen their appeal dented by the ever-rising risk-free return offered to bond investors. "We sit at a moment in those bonds that it would seem like something like a 5% rate," Dalio said. That means high yields are bad news for economic growth, he noted. As for AI, Dalio sees a "super huge" impact, although he's wary of a speculative bubble former.
Persons: Ray Dalio, Dalio, Goldman Sachs Organizations: Treasury, Greenwich Economic, Federal Locations: Greenwich, Central
"In the coming days, individuals in the U.S. can go to major pharmacies, physicians' offices, clinics and various government entities to receive an updated Novavax vaccine." Last month, the FDA and CDC greenlit XBB.1.5 shots from Pfizer and Moderna for all Americans ages six months and older. The end of that declaration means all three manufacturers will sell their updated shots directly to health-care providers and vie for commercial market share. That includes the Biden administration's Bridge Access Program, which will provide Covid vaccines at no cost to underinsured and uninsured people. It's unclear how many Americans will actually roll up their sleeves and take the new vaccines from Novavax, Pfizer and Moderna.
Persons: Novavax, John Jacobs, fends, Demetre Daskalakis, Biden, it's, Eris, Megan Wallace Organizations: Drug Administration, Pfizer, Moderna, Centers for Disease Control, Covid, FDA, CDC, EG, Biden Locations: U.S, Novavax
In 2020, Beijing tried to rein in real estate developers' high reliance on debt with new restrictions on financing. "The decline in the real estate sector was the result of the government's intentional measures to correct the bubbles in the market," Yao said. But he and other economists mostly don't expect real estate to return to significant growth in the future. Morgan StanleyThis week, worries about China's real estate sector persisted with highly indebted Evergrande running into more liquidity problems — along with reports Wednesday its chairman has been put under surveillance. This month, weekly data from Nomura indicate the real estate sales slump has moderated.
Persons: Stringer, Yao Yang, Yao, Dan Wang, Morgan Stanley, Clifford Lau, William Blair, China's, Robin Xing, there's, Bruce Pang, Pang doesn't Organizations: Afp, Getty, National School of Development, Peking University, Hang, China Center for Economic Research, Communist Party, Financial Work, Communist Party of, Nomura, CNBC Locations: Chongqing, China, BEIJING, Covid, Beijing, Shanghai, Hang Seng China, Communist Party of China, JLL
At just shy of 400,000 inhabitants, Sintra is also big enough to absorb the 25 Boundless families without the expats dominating all the local haunts. At school, kids are fed organic meals made by a local chef. After school, kids from different families entertained themselves in the cobblestone streets and parks under light adult supervision. But despite some early success, Boundless Education, like the organization itself, is still very much a startup. On my last night in Sintra, the Boundless families gathered together at Praia de Maçãs, a beach 20 minutes from downtown.
Persons: Shirly, Erez Weinstein, Shirly Weinstein, Ella, Mauro Repacci, Simone Stolzoff, Edward, Jessica, , Rekha Magon, I've, Repacci, Marcos Carvalho, Rolf E, Carvalho, Lona Alia, Alia, Elina Zois, it's, Andreas Wil Gerdes, Penguin Random Organizations: Khan Academy, Green School, Nordic Baccalaureate, North America, Penguin Locations: United States, Israel, Atlanta, Chiang Mai, Thailand, Portugal, Indonesia, Italy, Greece, Bali, Dominican Republic, Sintra , Portugal, Lisbon, Sintra, Ohio, Seattle, Italy's Tuscany, Montreal, Costa Rica, Europe, Southeast Asia, North, Praia, Maçãs, America, San Francisco
At just shy of 400,000 inhabitants, Sintra is also big enough to absorb the 25 Boundless families without the expats dominating all the local haunts. At school, kids are fed organic meals made by a local chef. After school, kids from different families entertained themselves in the cobblestone streets and parks under light adult supervision. But despite some early success, Boundless Education, like the organization itself, is still very much a startup. On my last night in Sintra, the Boundless families gathered together at Praia de Maçãs, a beach 20 minutes from downtown.
Persons: Shirly, Erez Weinstein, Shirly Weinstein, Ella, Mauro Repacci, Simone Stolzoff, Edward, Jessica, , Rekha Magon, I've, Repacci, Marcos Carvalho, Rolf E, Carvalho, Lona Alia, Alia, Elina Zois, it's, Andreas Wil Gerdes, Penguin Random Organizations: Khan Academy, Green School, Nordic Baccalaureate, North America, Penguin Locations: United States, Israel, Atlanta, Chiang Mai, Thailand, Portugal, Indonesia, Italy, Greece, Bali, Dominican Republic, Sintra , Portugal, Lisbon, Sintra, Ohio, Seattle, Italy's Tuscany, Montreal, Costa Rica, Europe, Southeast Asia, North, Praia, Maçãs, America, San Francisco
Feeling lonely? Go to the library.
  + stars: | 2023-09-24 | by ( Juliana Kaplan | Eliza Relman | ) www.businessinsider.com   time to read: +12 min
And it's becoming clearer just how important "third places" — spaces for socializing outside of work and home — are. Wood, who thinks libraries are "one of the last true third places," explained that there are a range of spaces in her library. Abrams said he regularly drops by the New York Public Library just to pick up sticky buns from Amy's Bread, a bakery with an outpost in the library. Eliza Relman/InsiderIn Boston, for instance, the Boston Public Library is thriving, Gregor Smart, the head of the Kirstein Business Library and Innovation Center at BPL, said. Covid taught the library the need for things like Macs with webcams, for instance, so library goers can hop on Zoom or do job interviews.
Persons: Stephanie Garcia, Emily Dickinson, Willa Cather, Garcia, Eliza Relman, Carla Hayden, We're, Brittany Simmons, who's, TikTok, Simmons, , Brooks Rainwater, it's, Emma Wood, That's, we're, Katie Davidovich, — we've, Davidovich, Tim Peters, Peters, Wood, Samuel Abrams, Abrams, hasn't, Rainwater, Gregor Smart, Smart, Covid Organizations: Service, of Congress, of Labor, Library of Congress, DC, Congress, Urban Libraries Council, University of Massachusetts Dartmouth, Capitol, College, Central Michigan University, American Enterprise Institute, New York Public, Public, Boston, Boston Public Library, Business, Innovation, BPL Locations: Wall, Silicon, Washington ,, New York, Capitol Hill, Canada
The only other U.S. high-speed line is Amtrak's Acela service between Boston and Washington, D.C., which began in 2000. Brightline began planning in 2012. A 2018 partnership with Richard Branson's Virgin Group to rebrand Brightline as Virgin Trains USA quickly soured. According to the lawsuit, Brightline says Virgin “ceased to constitute a brand of international high repute, largely because of matters related to the pandemic." He said Brightline’s accommodations “compare really well to some of the best trains” he’s taken in Europe, where high-speed rail between cities is common.
Persons: Florida's Brightline, It's, Mike Reininger, John Renne, Brightline, ” Renne, Richard Branson's, Virgin “, hasn’t, Eric Flowers, , ” Brightline, Reininger, ” Reininger, Robert Barr, You’ve, Barr Organizations: MIAMI, Fortress Investment, West Palm Beach, D.C, Amtrak, Florida Atlantic University's Center for Urban, Environmental Solutions, Miami -, Richard Branson's Virgin Group, Virgin Trains USA, Virgin, Orlando Locations: United States, Miami, Orlando, West Palm, Southern California, Las Vegas, Boston, Washington, Florida, Tampa, Jacksonville, Miami - Orlando, London, U.S, West, County, We’re, Vero, Brightline’s Miami, South, Florida’s, Europe
The Biden administration on Wednesday said it will resume offering free at-home Covid tests to American households Monday as the virus gains a stronger foothold nationwide. Americans will soon be able to use COVIDtests.gov to request four free tests, the administration said in a release. But the Biden administration noted that the at-home tests set to be delivered will detect currently circulating Covid variants. The end of that declaration also changed how public and private insurers cover at-home tests, potentially leaving some people unable to get those tests for free through their plans. But certain local health clinics and community sites still offer at-home tests to the public at no cost.
Persons: Biden, hospitalizations, Xavier Becerra Organizations: Human Services Locations: Manhattan, New York City
Uninsured Americans can now get the newest Covid vaccines for free at certain locations across the country, just days after U.S. regulators greenlit those shots for most people. That filter specifically shows locations participating in the Biden administration's Bridge Access Program, which will provide free Covid vaccines and treatments to uninsured people through December 2024. The Bridge Access Program aims to maintain broad access to Covid products after a big shift in how the U.S. covers them. Previously, the federal government purchased Covid vaccines directly from manufacturers at a discount to distribute to all Americans for free. Meanwhile, the Bridge Access Program is aiming to fill the gap for the estimated 30 million uninsured Americans.
Organizations: Pfizer, Moderna, Centers for Disease Control, Walgreens, Biden Locations: U.S
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