CHERNIHIV, UKRAINE – MAY 09: A healthcare professional searches for medicines and medical equipment in a destroyed hospital as Russian attacks continue in Chernihiv, Ukraine on May 09, 2022. Pat...
Tag: U.S. Economy
Homebuilder sentiment falls to 2-year low on declining demand, rising costs
Contractors work on concrete slabs in the Cielo at Sand Creek by Century Communities housing development in Antioch, California, on Thursday, March 31, 2022. David Paul Morris | Bloomberg | Getty Imag...
Prices for NFL tickets are topping pre-Covid levels, secondary market vendor says
Tom Brady (12) of the Buccaneers shakes hands with Patrick Mahomes (15) of the Chiefs after the regular season game between the Kansas City Chiefs and the Tampa Bay Buccaneers on November 29, 2020 at ...
Firms plan to use balloons to go to space in 2024
Nearly half of Americans want to travel to space. But that means the other half doesn’t, according to a 2021 survey by ValuePenguin, one of LendingTree’s financial research websites. Nearly 40% ...
U.S. to boost baby formula imports to ease shortage after Abbott Nutrition recall
Baby formula is offered for sale at a big box store on January 13, 2022 in Chicago, Illinois. Scott Olson | Getty Images The U.S. will increase baby formula imports as part of an effort to ease a nati...
NIH licenses key Covid vaccine technology to WHO so other countries can develop shots
President Joe Biden on Thursday said the U.S. has licensed a key technology used in the current Covid-19 vaccines to the World Health Organization, which would allow manufacturers around the world to ...
WHO says omicron BA.4 and BA.5 subvariants have spread to over a dozen countries
coronavirus impact business and economy Mf3d | E+ | Getty Images Omicron subvariants BA.4 and BA.5 have been detected in more than a dozen countries, helping fuel sporadic Covid outbreaks across the w...
J&J names Thibaut Mongon as CEO of spin-off consumer health company
Signage is displayed outside of Johnson & Johnson headquarters in New Brunswick, New Jersey, Aug. 1, 2020. Mark Kauzlarich | Bloomberg | Getty Images Johnson & Johnson on Wednesday announced t...
U.S. gun homicides reached highest level in 25 years during Covid pandemic, CDC says
Gun homicides in the U.S. reached their highest level in more than 25 years during the Covid-19 pandemic, according to the Centers for Disease Control and Prevention. Homicides from guns rose 35% duri...
Oklahoma clinic will shut down if Supreme Court ends Roe v. Wade
A surgical tech and recovery room staff member, walk a patient from Texas to the recovery room following her abortion at the Trust Women clinic in Oklahoma City, U.S., December 6, 2021. Evelyn Hockste...
Covid Novavax (NVAX) Q1 2022 earnings
Rafael Henrique | LightRocket | Getty Images Novavax on Monday reported its first profitable quarter as its Covid vaccine rolls out across several countries around the world, though the company still ...
U.S. will limit Covid vaccines to high-risk people this fall if Congress doesn’t approve more funding
The U.S. will have to limit the next generation of Covid vaccines this fall to individuals at the highest risk of getting seriously sick from the virus if Congress fails to approve funding to purchase...
Your cash savings may get a higher return but only at certain banks
Guido Mieth | DigitalVision | Getty Images Banks are starting to pay a higher return on your cash — good news for savers who’ve seen their stockpiles languishing from a gruesome combination of l...
CDC investigating severe hepatitis in children
The Centers for Disease Control and Prevention is investigating 109 cases of severe hepatitis in children, including five deaths, to determine a cause, with adenovirus infection as a primary line of i...
How college athletes line up tens of thousands of dollars in NIL deals
The NCAA enacted an interim name, image and likeness policy almost a year ago, which allows athletes — many of whom have big social media followings — to make deals with local car dealerships, and in ...
Wedding costs surge as pent-up demand, inflation force couples to cut back
Nicole Brandfon and her fiance Adam Alonso are planning a wedding in Colombia, rather than Miami, because it was more affordable. Source: Nicole Brandfon Nicole Brandfon and her fiance, Adam Alonso, w...
Why the market is taking Powell’s ‘soft-ish’ economic language so hard
Roger Ferguson Michael Nagle | Bloomberg | Getty Images Anyone who read a Fed chair coining the term “soft-ish” for an economic landing, as Jerome Powell did on Wednesday, as a bullish sig...
New York City could bring back mask mandate, vaccine checks
Children are seen walking to school, on the first day of lifting the indoor mask mandate for DOE schools between K through 12, in Brooklyn, New York City, New York, U.S. March 7, 2022. Brendan McDermi...
Consumers at breaking point as Fed inflation battle heats up: Boockvar
The economy may be hitting a crucial turning point. Investor Peter Boockvar warns the Federal Reserve will not be able to meaningfully contain surging inflation, and there’s not much more consum...
Covid Moderna (MRNA) Q1 earnings 2022
The Moderna Covid-19 vaccine awaits administration at a vaccination clinic in Los Angeles, California on December 15, 2021. Frederic J. Brown | AFP | Getty Images Moderna sold $5.9 billion of its Covi...
Why people moving out of big cities are seeing the most inflation
Some of the hottest pandemic-migration destinations also happen to be home to the hottest regional inflation rates. The relationship between migration and inflation has strengthened significantly as m...
Pfizer Paxlovid prescriptions to treat Covid increased tenfold in U.S.
Pfizer on Tuesday said prescriptions for its oral antiviral to treat Covid-19 have increased nearly tenfold in the U.S. since late February, as more pharmacies and other locations receive supply. CEO ...
Office demand comes roaring back as stocks in the space play catchup
If you’re not back to the office already, you may be soon. After a five-month lull, likely due to the extremely contagious omicron variant of the coronavirus, new demand for office space jumped ...
Covid Pfizer (PFE) earnings Q1 2022
Albert Bourla, chief executive officer of Pfizer pharmaceutical company, arrives to ring the closing bell at the New York Stock Exchange. Drew Angerer | Getty Images Pfizer on Tuesday slashed its 2022...
Mortgage rates surge as home affordability nears record worst
A “For Sale” sign outside a home in Louisville, Kentucky. Luke Sharrett | Bloomberg | Getty Images Mortgage rates just hit their highest level since 2009, and home prices are continuing to...
CDC says adenovirus may contribute to liver injury in healthy children
Adenovirus structure, computer illustration showing the surface structure of the virus’ outer protein coat (capsid). Kateryna Kon | Science Photo Library | Science Photo Library | Getty Images N...
How this U.S.-made, $176,000 anti-tank weapon could change the war in Ukraine
Ukraine’s defense against Russia is being supported by billions of dollars in military aid from NATO countries. One of the most capable and expensive weapon systems supplied is the FGM-148 Javel...
FDA panel to discuss Novavax Covid vaccine, Pfizer and Moderna kids shots
Medical syringes and Novavax logo displayed in the background are seen in this illustration photo taken in Krakow, Poland on December 2, 2021. Jakub Porzycki | NurPhoto | Getty Images The Food and Dru...
Hepatitis outbreak in kids may be linked to adenovirus, WHO says
An outbreak of severe hepatitis in healthy children that has caused liver failure in some kids might be linked to adenovirus infection, and not hepatitis as originally suspected, though further invest...