Category Archives: CNN – Business

Johnson & Johnson expects its Covid vaccine sales to surge — but still lag its rivals

Johnson & Johnson expects its Covid vaccine sales to surge — but still lag its rivals

Johnson & Johnson, the world’s largest health care products company, reported that sales of its Covid vaccine have accelerated, but they’ll still lag far behind other vaccines for the foreseeable future. Its 2021 sales of its single-dose vaccine came to $2.4 billion, the company reported Tuesday, just short of its earlier forecast of $2.5 billion.…MORE

43 million viewers make Bills-Chiefs most-watched TV event since last year’s Super Bowl
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43 million viewers make Bills-Chiefs most-watched TV event since last year’s Super Bowl

None of the headwinds facing legacy broadcast television are strong enough to stop the NFL right now. This past weekend’s four divisional games averaged 37 million viewers at any given time. That’s 20 percent higher than the audience size for the equivalent games last year. The totals now count some streaming and out-of-home viewing, but…MORE

Flying car cleared for takeoff, but you’ll need a pilot’s license
Klein Vision/ABACA/Reuters

Flying car cleared for takeoff, but you’ll need a pilot’s license

A car that can transform into a small aircraft has passed flights tests with flying colors in Slovakia, developers say. The “AirCar” was awarded an official Certificate of Airworthiness by the Slovak Transport Authority after completing 70 hours of “rigorous flight testing,” according to Klein Vision, the company behind the “dual-mode car-aircraft vehicle.” The test…MORE

AmEx stock soars nearly 10% as customers go on spending spree
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AmEx stock soars nearly 10% as customers go on spending spree

American Express customers clearly didn’t leave home without their credit cards when they went shopping this holiday season. The company said Tuesday that revenue in the fourth quarter soared 30% from a year ago, thanks in large part to record spending by its members. Investors were pleased. Shares of American Express, The stock, one of…MORE

Home prices are starting to lose steam
ANDREW CABALLERO-REYNOLDS/AFP/AFP via Getty Images

Home prices are starting to lose steam

Overheated home prices continue to show signs of cooling off a bit. Home prices rose 18.8% year-over-year in November, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index. But that staggering jump was down from a 19.1% increase in October. For the past several months, prices have continued to rise at a very…MORE

Starbucks is launching an energy drink
Starbucks

Starbucks is launching an energy drink

Starbucks is giving customers new ways to perk up: a line of energy drinks called Starbucks Baya Energy and a bunch of fresh flavors in the grocery aisle. Baya will be available for purchase at stores and online starting this week, and will go on sale at US Starbucks stores on March 1. The drink…MORE

IMF slashes US and China growth forecasts
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IMF slashes US and China growth forecasts

The pandemic will continue to stoke uncertainty and inflation in its third year, undermining the global recovery from the coronavirus and pushing total economic losses toward $14 trillion. That’s according to the International Monetary Fund, which on Tuesday slashed its global growth forecast for 2022 by half a percentage point to 4.4%. The group said…MORE

Get ready for more wild swings. Volatile markets are back
Spencer Platt/Getty Images

Get ready for more wild swings. Volatile markets are back

After a long period of calm, market volatility has returned in dramatic fashion. What’s happening: US stock markets went on a rollercoaster ride Monday, plunging and then rallying all within the span of a single trading session. The S&P 500 index, at one point down almost 4%, finished the day 0.3% higher. Markets remain nervy…MORE

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