Johnson & Johnson recently announced plans to pay $6.5 billion over the course of 25 years to resolve the majority of lawsuits in the United States alleging that their talc-based products led to ovarian cancer. This move comes after decades of legal and public relations challenges for the company, as J&J maintains that their talc
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The U.S. dollar showed signs of strength as it edged higher leading up to its highest level in November just before the conclusion of the latest Federal Reserve policy-setting meeting. The Dollar Index, which tracks the greenback against a basket of currencies, climbed 0.1% to 106.240, reaching as high as 106.380, nearing the 106.51 mark,
In today’s market, consumers are constantly searching for ways to lower their monthly mortgage payments, especially when mortgage rates are on the rise. One option that many are turning to is adjustable-rate mortgages (ARMs). These types of loans often come with lower interest rates than fixed-rate mortgages, making them an attractive choice for many borrowers.
Ethereum has recently entered an ascending price channel, indicating a potential bullish trend in the short term. The price chart shows higher lows and higher highs, which is typically seen as a positive sign in market analysis. However, there are concerns about a possible breakdown acceleration, especially with Ethereum currently positioned near the lower boundary
The municipal bond market showed little movement in secondary trading on Tuesday as the primary market gained attention with a plethora of deals. This included a $1.9 billion Novant healthcare revenue bond deal in the negotiated market and a general obligation sale from Delaware. Despite the stability in the municipal market, U.S. Treasuries witnessed weakness,
As the stock market faces its first losing month since October, investors are grappling with concerns surrounding inflation and rising interest rates. The recent sell-off has cast doubt on the strength of the AI-driven rally that characterized the beginning of the year. Despite a year-to-date increase of over 6% in the S & P 500,
Transportation Secretary Pete Buttigieg outlined the Biden administration’s priorities for the new fiscal year, emphasizing the importance of shoring up infrastructure and supporting ambitious projects like high-speed rail. The administration’s $146 billion spending proposal includes significant investments in roads, bridges, aviation, and rail. Buttigieg highlighted the Brightline West high-speed project as a prime example of
In a recent announcement, Galxe, the leading web3 infrastructure and digital identity network, introduced Galxe Passport V2 to enhance the security and privacy of its growing number of passport holders. This new evolution in web3 identity management brings with it a host of features aimed at redefining identity verification and management within the web3 ecosystem.
Despite the recent increase in mortgage rates, home prices continued to rise in February. The S&P CoreLogic Case-Shiller national home price index reported a 6.4% year-over-year increase, marking the fastest rate of price growth since November 2022. Both the 10-city and 20-city composites also saw significant gains, with some cities reaching all-time highs in prices.
With the continued rise of inflation impacting consumer spending, Walmart has introduced a new private label grocery brand called BetterGoods. This brand is aimed at offering customers more trendy and chef-driven food options at affordable prices, with most items priced at under $5. As the largest grocer by revenue in the United States, Walmart is