A healthcare worker prepares a dose of the Pfizer-BioNTech Covid-19 vaccine at a vaccination clinic in the Peabody Institute Library in Peabody, Massachusetts, on Wednesday, Jan. 26, 2022. Vanessa Ler...
Tag: U.S. Economy
Covid infections plummet 90% from U.S. pandemic high, states lift mask mandates
A resident receives a Covid-19 swab test during a mobile clinic at Saint Paul MB Church in Cleveland, Mississippi, on Saturday, Jan. 8, 2022. Rory Doyle | Bloomberg | Getty Images U.S. health official...
Bank of America: ‘Recession Risks Rising,’ Putting Stocks at Risk Too
If you fear that interest-rate hikes by the Federal Reserve could push the economy into recession, you’re not alone. Bank of America (BAC) – Get Bank of America Corp Report has the same concern....
Fed will hike rates regardless if Biden’s nominees are confirmed, economists say
Federal Reserve Chairman Jerome Powell leaves a meeting in the office of Sen. Chris Van Hollen, D-Md., in Hart Building on Wednesday, October 6, 2021. Tom Williams | CQ-Roll Call, Inc. | Getty Images ...
What’s behind the congestion at U.S. ports
The Port of Los Angeles, the busiest port in North America, saw record volume in 2021. Container volume at the port, including imports like furniture and apparel, surged to a record 10.6 million TEUs ...
California lays out plan to live with Covid for the long-term, fight future surges and new variants
A COVID-19 testing location is shown set up on the sidewalk in downtown Los Angeles, California, November, 16, 2021. Mike Blake | Reuters California on Thursday laid out a plan that manage Covid as a ...
Builders are waiting months to get cabinets and garage doors
A worker makes repairs to a home under construction at the Lennar Bridgeway home development on December 15, 2021 in Newark, California. Justin Sullivan | Getty Images Supply chain issues for homebuil...
CDC wants to give people a break from wearing masks as pandemic improves, director says
Dr. Rochelle Walensky, director of Centers for Disease Control and Prevention testifies during a Senate Health, Education, Labor, and Pensions Committee hearing to examine the federal response to the ...
Babies are protected from hospitalization for Covid if their moms get vaccinated, study suggests
Michelle Melton, who is 35 weeks pregnant, receives the Pfizer-BioNTech vaccine against the coronavirus disease (COVID-19) at Skippack Pharmacy in Schwenksville, Pennsylvania, February 11, 2021. Hanna...
Vote on Biden Fed picks delayed as GOP presses for answers on Raskin ties to firm
A Republican boycott Tuesday held up a Senate committee vote on the appointment of a top banking regulator and Federal Reserve Chairman Jerome Powell. Sen. Sherrod Brown, head of the Senate Banking Co...
Senate confirms Biden FDA pick Califf, despite objections to drug industry ties
Robert Califf testifies during the Senate Health, Education, Labor and Pensions Committee hearing on the nomination to be commissioner of the Food and Drug Administration on Tuesday, Dec. 14, 2021. Bi...
Moderna, Pfizer stocks fall as Covid omicron wave subsides in U.S.
Moderna vaccines are prepared for application at a United States military vaccination centre at Camp Foster on April 28, 2021 in Ginowan, Japan. Carl Court | Getty Images Shares of the major Covid vac...
Fed’s Daly advocates for a ‘measured’ approach as rate hike expectations rise
San Francisco Federal Reserve Bank President Mary Daly poses at the bank’s headquarters in San Francisco, California, July 16, 2019. Ann Saphir | Reuters The Federal Reserve should be measured i...
FDA plan to fast-track Pfizer vaccine for kids under 5 fails
Parents of children under 5 will have to wait until at least April to get their kids vaccinated against Covid-19, after the Food and Drug Administration and Pfizer this week abruptly delayed plans to ...
No one knows when the pandemic will end after omicron upended most hope
Residents wait in line at a Covid-19 mobile testing site in the Times Square neighborhood of New York, U.S., on Sunday, Dec. 5, 2021. Jeenah Moon | Bloomberg | Getty Images Senior U.S. health official...
U.S. inflation data like a ‘punch in the stomach’ for the Fed: Citi
The latest U.S. January inflation data came in like a “punch in the stomach” for the Federal Reserve, which raises the possibility for an aggressive 50 basis points rate hike in March, the...
FDA committee votes against Eli Lilly cancer treatment over concerns trials conducted only in China
The outside of the Food and Drug Administration headquarters is seen in White Oak, Md. Al Drago | CQ Roll Call | Getty Images A Food and Drug Administration committee on Thursday recommended against f...
Inflation, high gas prices contributing to financial anxiety
Gasoline prices are displayed at a Los Angeles gas station on Feb. 8, 2022. Mario Tama | Getty Images As inflation climbs to historic highs, rising gasoline and other consumer prices are among America...
Biden touts wage growth, slower inflation forecasts after another surge in prices
US President Joe Biden, speaks about rebuilding manufacturing on February 8, 2022, from the South Court Auditorium in Eisenhower Executive Office Building, in Washington, DC. (Photo by Brendan Smialow...
Covid mask mandate lifted because hospitals OK
A recent sharp drop in Connecticut’s Covid hospitalizations allowed the Democratic governor there to feel comfortable dropping the state’s mask mandate, effective later this month. “...
Elon Musk’s Tesla helped make EVs ‘possible in America’
Transportation Secretary Pete Buttigieg on Wednesday recognized Tesla as a pioneer of electric vehicle manufacturing in the U.S. “We admire the range of American companies that have innovated, i...
Financial anxiety is high. Why financial planners may miss the signs
The Covid-19 pandemic has made it difficult for people to answer big questions about their futures, and many financial planners are underestimating the financial anxiety that is causing, according to ...
CDC tells health officials to expect first shipments of young kids’ Covid shots by Feb. 21
A healthcare worker prepares to administer Pfizer-BioNTech COVID-19 vaccines at an elementary school vaccination site for children ages 5 to 11-year-old in Miami, Florida, U.S., on Monday, Nov. 22, 20...
Why the U.S. is facing a paint shortage
Demand for raw materials in the paint industry soared over the pandemic as quarantined consumers took to DIY projects and home improvement. But supply just couldn’t keep up. “The raw-mater...
Pfizer CEO says chances are ‘very high’ FDA will approve low-dose Covid shots for kids under 5
Pfizer CEO Albert Bourla on Tuesday said he believes the Food and Drug Administration will authorize the company’s Covid vaccine for children under 5 years old under a fast-track process that al...
WHO says new omicron BA.2 subvariant will rise globally
RT: Maria Van Kerkhove, Head a.i. Emerging Diseases and Zoonosis at the World Health Organization (WHO), speaks during a news conference on the situation of the coronavirus at the United Nations in Ge...
Pfizer (PFE) earnings Q4 2021
Pfizer CEO Albert Bourla addresses a press conference after a visit to oversee the production of the Pfizer-BioNtech COVID-19 vaccine at the factory of U.S. pharmaceutical company Pfizer in Puurs, Bel...
Though rare, Moderna Covid vaccine recipients have higher risk of heart inflammation than Pfizer
Moderna’s two-dose Covid-19 vaccine is associated with a higher risk of heart inflammation than Pfizer’s, but the benefits of both companies’ shots outweigh the risks, according to a...