Here’s how the Inflation Reduction Act’s rebates and tax credits for heat pumps and solar can lower your energy bill

It’s not the prettiest, or even most fulfilling, part of upgrading a home. But more energy-efficient heating, cooling, power and water usage can net savings that really adds up for household budgets and for doing right by the planet. Congressional action this weekend and into next week looks to return more incentives, mostly via tax … Read more

Pfizer to offer low-cost medicines, vaccines to poor nations

Pfizer said Wednesday that it will provide nearly two dozen products, including its top-selling COVID-19 vaccine and treatment, at not-for-profit prices in some of the world’s poorest countries. The drugmaker PFE, +1.00% 0Q1N, -0.66% announced the program at the World Economic Forum’s annual gathering in Davos, Switzerland, and said it was aimed at improving health … Read more

U.S. stocks end lower after jobs data, as S&P 500 suffers its longest losing streak since 2011

All three major US stock benchmarks closed lower Friday, each booking another week of losses, as investors weighed April jobs data amid heightened stagflation fears. The S&P 500 fell for a fifth straight week, its longest losing streak since June 2011, according to Dow Jones Market Data. How did stock indexes perform? The Dow Jones … Read more

New study finds omicron no less severe than earlier variants, and not just more transmissible

A new study conducted by researchers at Harvard Medical School among others has found that the omicron variant of the coronavirus that causes COVID-19 is just as severe as earlier variants, and not more transmissible but no less severe, as previously thought. The study was based on the records of 130,000 COVID patients in Massachusetts … Read more

Based on 19 bear markets in the last 140 years, here’s where the current downturn may end, says Bank of America

At nearly the halfway mark in a volatile year of trading, the S&P 500 index is down, but not out to the point of an official bear market yet. According to a widely followed definition, a bear market occurs when a market or security is down 20% or more from a recent high. The S&P … Read more

This market strategist says stocks could gain 8% to 15% from here — giving anxious investors a perfect opportunity to sell

The US stock market’s huge decline on May 5 actually boosts the odds of a strong rally beginning soon, even if it won’t kick off a new leg of the bull market. That’s according to Hayes Martin, president of advisory firm Market Extremes. Over the years I have reported on Martin’s predictions of market turning … Read more

Who’s to blame for Thursday’s selloff? The Fed, and you, says this analyst

It’s not great that there’s a major central bank officially predicting an economic contraction. Nor is it terrific that US productivity fell by the most since 1947 on rising labor costs. And let’s throw in China doubling down on its zero-COVID policy, which doesn’t exactly lend confidence in the world’s number-two economy. But Thursday’s 3.6% … Read more

Why the stock-market plunge is partly due to bad news on the inflation front

Don’t overlook the role of disappointing productivity figures as a spark for Thursday’s stock-market selloff, a veteran Wall Street strategist said. “Contributing to the stock-market selloff today was more bad news on the inflation front. Nonfarm business productivity dropped 7.5% [on a seasonally adjusted annual rate] during Q1,” wrote Ed Yardeni, president and chief investment … Read more

As Dow sinks over 1,000 points, signs of panic-selling emerge in stock market

Panicky behavior was starting to set in on Wall Street on Thursday, at least from a technical perspective, as the Dow industrials shed all of the previous day’s dramatic gains, and then some. Trading in New York Stock Exchange–listed stocks at midday Thursday exhibited panic-like selling action as bullish investors suffered a powerful reversal of … Read more

AMD hits a sales milestone and expects another one to follow as data-center strategy comes together

Advanced Micro Devices Inc. reported more than $5 billion in quarterly revenue for the first time Tuesday, and executives predicted their first $6 billion quarter will immediately follow as the acquisition of Xilinx Inc. solidified their data-center strategy. While reporting a 70% year-over-year revenue surge to a record $5.89 billion in the first quarter, AMD … Read more