As Russia stepped up its aggression against Ukraine to the point of a full-fledged invasion, the U.S. and its allies unleashed a series of historic and unprecedented economic sanctions. “It̵...
Tag: U.S. Economy
Moderna CEO’s golden parachute soared by hundreds of millions over the pandemic
Moderna CEO Stephane Bancel Steven Ferdman | Getty Images Moderna’s board of directors approved a golden parachute for CEO Stephane Bancel worth more than $926 million at the end of last year, u...
There’s ‘nowhere to hide’ for consumers as inflation hits food, gas, housing
David Sacks | Getty Images Consumer prices are rising at their fastest pace in decades — and that inflation has been most acute in household staple items like food, housing and transportation, making ...
NYC Health Commissioner Chokshi says Covid pandemic has left U.S. with new epidemic of loneliness
Dr. Dave Chokshi is the Commissioner of New York City’s Department of Health & Mental Hygiene. As another Covid-19 wave recedes across the country, the full toll of the pandemic on our emoti...
American consumer still healthy, but lower-income shoppers at risk
Pedestrians carry Macy’s shopping bags in San Francisco, California, on Thursday, Sept. 16, 2021. David Paul Morris | Bloomberg | Getty Images Macy’s says the American consumer is still he...
Here’s how urban and rural Americans build wealth differently
Doug Langley clears the combine harvester’s head from weed before he starts harvesting, during the wheat harvest in Shelbyville, Kentucky, June 29, 2021. Amira Karaoud | Reuters Many rural Ameri...
U.S. far from normal with Covid deaths much higher than flu: report
Nurse practitioner Deborah Beauplan administers a COVID-19 swab test at a drive-thru testing site set up for Suffolk County, New York. Newsday | Getty Images The U.S. has a long way to go before the p...
Moderna reaches preliminary agreement to build Covid vaccine manufacturing plant in Africa
A health official prepares a syringe with the Moderna Covid-19 vaccine prior to administering it during a mass Covid-19 vaccination drive in Nairobi on September 17, 2021. Simon Maina | AFP | Getty Im...
U.S. will defend NATO Baltic states against Russia, Blinken says
U.S. Secretary of State Antony Blinken delivers remarks to U.S. Embassy staff at the Vilnius Rotuse in Vilnius, Lithuania March 7, 2022. Olivier Douliery | Reuters Secretary of State Anthony Blinken o...
New Jersey will end omicron health emergency, NYC to lift indoor vaccine mandate
New Jersey Governor Phil Murphy speaks to volunteers as he meets with Newark Mayor Ras Baraka during the gubernatorial election in Newark, New Jersey, November 2, 2021. Eduardo Munoz | Reuters New Jer...
Big raises may be coming back down to earth
A ‘help wanted’ sign is posted in front of restaurant on Feb. 4, 2022 in Los Angeles. Frederic J. Brown | AFP | Getty Images The big raises that many Americans got over the past year are s...
Pfizer, Moderna project $51 billion in combined vaccine sales this year
Vials with Pfizer-BioNTech and Moderna coronavirus disease (COVID-19) vaccine labels are seen in this illustration picture taken March 19, 2021. Dado Ruvic | Reuters Pfizer and Moderna expect $51 bill...
More than 90% of U.S. population can ditch facemasks under CDC Covid guidance
US President Joe Biden holds up a KN95 mask as he delivers an update on his Administrations whole-of-government COVID-19 surge response at the White House in Washington, DC, on January 13, 2022. Jim W...
How the Ukraine-Russia conflict may push up prices for Americans
A taxi driver refuels a vehicle at a Gulf gas station in Boston on Mar. 1, 2022. Vanessa Leroy/Bloomberg via Getty Images The economic effects of Russia’s invasion of Ukraine a week ago have rev...
Watch Federal Reserve Chair Powell speak live
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell speaks Thursday before the U.S. Senate Comm...
WHO says war in Ukraine will increase Covid transmission
People carry their suitcases as they arrive in Poland after crossing a border check point on February 27, 2022 in Kroscienko, Poland. Omar Marques | Getty Images The WHO on Wednesday said the mass dis...
Why Intel’s CEO was a guest at Biden’s State of the Union address
U.S. first lady Jill Biden and others applaud her guest Intel CEO Patrick “Pat” Gelsinger in the first lady’s box as President Joe Biden mentions Gelsinger during his State of the Un...
Watch Jerome Powell live
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell addresses the U.S. House Committee on Finan...
Biden says U.S. will deploy new Covid vaccines within 100 days if another variant emerges
U.S. President Joe Biden delivers the State of the Union address during a joint session of Congress in the U.S. Capitol’s House Chamber March 01, 2022 in Washington, DC. Win Mcnamee | Getty Imag...
Pfizer Covid vaccine was just 12% effective against omicron in kids 5 to 11, study finds
Nora Gossett, 7, reacts as she receives the Pfizer-BioNTech COVID-19 vaccine from Sophia Jan, MD, while her father Jeff Gossett, MD, holds her hand at Cohen Children’s Medical Center as vaccines...
We need to stop ‘apologizing for being capitalists’ and support business
New York City Mayor Eric Adams told CNBC on Monday he wants to encourage new business formation in the Big Apple, including in nascent industries like cryptocurrency. In an interview on “Squawk ...
hospitals could run out of oxygen supplies in 24 hours, WHO
A woman holds a child as people arrive at a train station converted into a refugee center, at the border control between Poland and Ukraine, after Russia launched a massive military operation against ...
Why the future of the Oscars and Emmys might be in jeopardy
From the glamor of celebrities strolling down the red carpet to the memorable speeches to the surprising wins, award shows have attracted massive attention throughout the decades. That storyline prove...
CDC relaxes Covid guidance allowing most people to ditch masks if hospitalizations remain low
The Centers for Disease Control and Prevention relaxed its mask guidance on Friday, allowing most people to ditch their face coverings so long as Covid-19 hospitalizations in their communities remain ...
What the blockbuster Microsoft and Sony deals mean for the future of gaming
Big moves are happening in the video game industry. Microsoft, the tech giant behind the Xbox console, announced plans in early 2022 to buy Activision Blizzard, the force behind “Call of Duty...
Transmissibility, severity, reinfection of Omicron BA.2 subvariant
Sopa Images | Lightrocket | Getty Images A more contagious subvariant of omicron, known as BA.2, is spreading across the globe and could soon become the dominant version of Covid-19. It’s now th...
Moderna says Covid is entering an endemic phase, but annual vaccines will be needed
Maryland National Guard Specialist James Truong (L) administers a Moderna coronavirus vaccine at CASA de Maryland’s Wheaton Welcome Center on May 21, 2021 in Wheaton, Maryland. Chip Somodevilla ...
Moderna (MRNA) Q4 2021 earnings
The Moderna Covid-19 vaccine is prepared for administration ahead of a free distribution of over the counter rapid Covid-19 test kits to people receiving their vaccines or boosters at Union Station in...