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Elon Musk sued for $258 billion over alleged Dogecoin pyramid scheme
NEW YORK, June 16 (Reuters) - Elon Musk was sued for $258 billion on Thursday by a Dogecoin investor who accused him of running a pyramid scheme to support the cryptocurrency.In a complaint filed in federal court in Manhattan, plaintiff…
Formula production at Abbott’s Michigan plant delayed after flooding from severe storms
Production at the plant had restarted less than two weeks ago following a months-long closure that helped drive a nationwide formula shortage."Severe thunderstorms and heavy rains came through southwestern Michigan on Monday evening,…
F.D.A. Panel Recommends Pfizer and Moderna Vaccines for Youngest Children
WASHINGTON — The only Americans still not eligible for coronavirus vaccines — babies, toddlers and preschoolers — appear on the verge of finally getting cleared to receive them after an advisory panel to the Food and Drug Administration…
Tracking an FDA advisory panel meeting on Covid vaccines in young children
Parents of America, you’re in the home stretch. In all likelihood, Covid-19 vaccines for children under the age of 5 are days away from being available to your little ones.
The Food and Drug Administration is widely expected to issue…
U.S. FDA advisers overwhelmingly back Moderna COVID vaccine for ages 6-17
June 14 (Reuters) - Advisers to the U.S. Food and Drug Administration on Tuesday unanimously recommended that the agency authorize Moderna Inc's (MRNA.O) COVID-19 vaccine for children and teens aged 6 to 17 years of age.Around 77 million…
‘The Music Has Stopped’: Crypto Firms Quake as Prices Fall
SAN FRANCISCO — No one wanted to miss out on the cryptocurrency mania.Over the last two years, as the prices of Bitcoin and other virtual currencies surged, crypto start-ups proliferated. Companies that market digital coins to investors…
IRS boosts standard mileage rate deduction to 62.5 cents per mile, a 4 cent hike, as gas
Guy Benhamou sends a picture of gas prices to friends while pumping gas at an Exxon Mobil gas station on June 9, 2022 in Houston.Brandon Bell | Getty ImagesIf you're self-employed or own a small business, you may soon be eligible for a…
Bitcoin drops below $21,000 briefly as crypto sell-off continues
Illustrative image of two commemorative bitcoins with a green background.Artur Widak | Nurphoto | Getty ImagesBitcoin briefly fell below $21,000 on Tuesday in Asia before bouncing back slightly, continuing its plunge as investors sold…
S&P 500 Enters Bear Market as Dow, Nasdaq Fall
The stock-market selloff deepened Monday, with the S&P 500 entering a bear market, as investors took another look at Friday’s red-hot inflation data and liked it even less.Faced with rising chances of aggressive monetary tightening…
USA finance and payments live updates: Child Tax Credit, Inflation, interest rates, CPI
Jobs front of mind as Fed tightens monetary policyThe healthy finances of U.S. banks, companies and households, trumpeted during the pandemic by Federal Reserve officials as a source of resilience, may be an obstacle to battling…