What the federal funds rate means to you The federal funds rate, which is set by the central bank, is the interest rate at which banks borrow and lend to one another overnight. Although that’s n...
Tag: COVID-19
Here’s how recessions became an inevitable part of American economy
The U.S. has experienced at least 30 recessions throughout history, dating back as early as 1857. Some economists argue that they may have become an inevitable part of the financial cycle that fluctua...
Fed’s inflation battle to worsen market turmoil: Canaccord’s Dwyer
Stocks may go into a deeper tailspin. Canaccord Genuity’s Tony Dwyer predicts 1980s-era interest rate hikes will exacerbate the turmoil and make a recession seem increasingly more likely. “...
Pfizer, Moderna Covid Vaccines Are Effective In Young Children, FDA Says—Here’s How They Differ And What Happens Next
Topline Three doses of Pfizer’s vaccine and a two-doses of Moderna’s shot are safe and effective in preventing illness from Covid-19 in young children, according to assessments provided by the Food an...
$150 oil won’t cripple economy, market: J.P. Morgan’s Marko Kolanovic
J.P. Morgan’s Marko Kolanovic predicts oil is surging higher — but so are stocks. Kolanovic, who serves as the firm’s chief global markets strategist and co-head of global research, believ...
Why Accountability May Be The Next Big Meat Industry Trend
Poultry workers picket outside of a Tyson facility in Arkansas in 2021. Magaly Licolli, Venceremos A recent U.S. House subcommittee report has detailed how the largest meatpacking companies worked clo...
Costco Raises Prices While Target Lowers Them
The pandemic has disrupted a variety of retail chains. Covid has created supply-chain problems, where ordered items take longer to arrive, but that’s not the only problem facing retailers, inclu...
People With HIV Face Higher Risk Of Breakthrough Covid, Study Says
Topline Vaccinated people with HIV face a 28% higher risk of contracting breakthrough Covid-19 infections than people without HIV, according to a study published Tuesday by JAMA Network Open that argu...
People Living In Pro-Trump Counties More Likely To Die From Covid, Study Finds
Topline People living in counties that voted Republican in the 2020 presidential election were more likely to die from Covid-19 than those living in counties that voted Democrat, according to a study ...
Millions Of Women Skipped Cancer Screenings Because Of Covid Pandemic, Study Suggests
Topline The Covid-19 pandemic caused millions of women—especially Hispanic women and those with lower incomes—to forgo breast and cervical cancer screenings in 2020, according to researchers from the ...
Children Under 5 May Get Covid Vaccines Starting In Late June, White House Says
Topline Children under 5 could begin receiving Covid-19 vaccine shots in the U.S. as early as June 21 if federal agencies authorize them promptly, White House Covid-19 response coordinator Dr. Ashish ...
Putting Wheels On Bad Policy
Cities really have to try to destroy themselves; lots of work is underway to expand rent control, … [+] eviction bans, and taxes on new housing supply. getty Over the last decade working on hous...
Almost 1,000 U.S. Flights Canceled Over Memorial Day Weekend
Topline A total of 959 U.S. flights have been canceled in the U.S. over the Memorial Day weekend so far, as bad weather conditions and Covid-19-related staffing shortages interfere with airline operat...
How Fashion Brand AYR Stayed Small To Get Big During The Pandemic
AYR’s Capsize Pop puff sleeve top with a collar from the spring summer 2022 collection AYR The pandemic was a big blow to many businesses—whether because customers disappeared (most of the hospi...
Covid-19 Cases Rise To Nearly 110,000 Per Day As Millions Of Americans Travel For Memorial Day Weekend
Topline With the seven-day average of new Covid-19 cases in the U.S. ticking up to 109,643 per day as of Thursday—nearly five times higher than the average number of cases reported this time last year...
CEPI chief outlines the disease differences
Health officer uses a thermal head to detect a monkeypox virus on arriving passengers at Soekarno-Hatta International Airport in Tangerang near Jakarta, Indonesia on May 15, 2019. Jepayona Delita | Fu...
The Biggest Companies Making The Least Money [Infographic]
Major companies with billions of dollars in revenue are moneymakers earning their investors and stakeholders fortunes. Unless—the opposite happens and they become money pits devouring unfathomable amo...
Cancer And Dementia Patients Face Higher Risk Of Breakthrough Covid, Studies Find
Topline Vaccinated people with cancer or dementia face a higher risk of contracting breakthrough Covid-19 infections, according to a pair of new studies, leading researchers to argue high-risk patient...
Is Customer Loyalty Dead?
Customer loalty isn’t dead if you handle the experience (even a neagtive experience) the right way. getty For decades I’ve preached the importance of customer service and CX, with a goal of gett...
Hotels Prepare For Summer 2022 Travel
Kids at Hilton Aruba play with the resident birds. Hilton Aruba As summer nears, hotels around the world are making big changes and refreshing their offerings in a bid to welcome new travelers. While ...
Stephen Roach gives stagflation warning, calls peak inflation absurd
Stagflation is making a comeback, according to former Morgan Stanley Asia chairman Stephen Roach. He warns the U.S. is on a dangerous path that leads to higher prices coupled with slower growth. ̶...
Flight bookings for leisure and business travel top 2019 levels
For the first time since the start of the pandemic, global leisure and business flights have risen to levels not seen since 2019. That’s according to the Mastercard Economics Institute’s t...
Strong air travel recovery in US, Europe, Latin America but Asia lags
International air travel has been making a strong recovery this year, with the exception of the Asia-Pacific region, which is “lagging significantly behind,” according to the International...
Vaccines Could Have Prevented At Least 318,000 Deaths, Study Suggests
Topline A minimum of 318,000 Covid-19 related deaths spanning from January 2021 to April 2022 would have been avoided with readily available vaccines, based on research spearheaded by Brown University...
Vitalik Buterin donates USDC to fight Covid-19
Ethereum co-founder Vitalik Buterin has decided to donate as much as $4 million in USD Coin (USDC) stablecoin to the University of New South Wales (UNSW), to help in the development of a technology to...
70% Of Americans Say Inflation—Near 40-Year High—Is A Huge Problem, Poll Finds
Topline Some 70% of American adults view inflation as a very large problem in the United States right now, significantly more than any other issue–including Covid-19—according to a survey released Thu...
Middle East Airlines Take Off Again, As Profits And Passenger Numbers Soar
An Emirates aircraft takes off from Dubai International Airport on April 6, 2020 (Photo: KARIM SAHIB … [+] / AFP) (Photo by KARIM SAHIB/AFP via Getty Images) AFP via Getty Images The Middle East...
Tesla’s China Sales Take A Pounding As Covid Lockdown Drags On
A driver in PPE moves a new Tesla passenger car from Shanghai off a cargo ship in the port in Yantai in China’s Shandong province on April 25, 2022. Future Publishing via Getty Images Tesla’s El...