Despite a spike in omicron Covid-19 cases, U.S. employers managed to add over 450,000 jobs last month thanks to robust hiring at restaurants and bars, retailers and mail and parcel delivery workers. T...
Tag: U.S. Economy
Long-term unemployment tumbles in January
A job seeker receives information from a recruiter during a job fair in Miami on Dec. 16, 2021. Eva Marie Uzcategui/Bloomberg via Getty Images Long-term unemployment fell significantly in January, con...
Moderna’s Covid vaccine for teens awaits OK as regulators review heart inflammation risk
A healthcare worker fills a syringe with Moderna COVID-19 vaccine. Ben Hasty | MediaNews Group | Getty Images For months, the authorization of Moderna’s Covid-19 vaccine for teenagers has been o...
at-home testing, from Covid to cancer, worth $2 billion dollars
The at-home testing market is bigger than just Covid tests, and it’s bigger than over-the-counter pregnancy tests. In fact, the emerging marketplace of consumer-initiated lab testing may be wort...
Merck (MRK) earnings Q4 2021
Merck sold $952 million of its Covid-19 treatment pill molnupiravir in the fourth quarter, saying Thursday it’s on track to sell another $5 billion to $6 billion more this year. Most of its sale...
WHO says the new omicron subvariant doesn’t appear to be more severe than the original
WHO Technical lead head COVID-19 Maria Van Kerkhove attends a news conference organized by Geneva Association of United Nations Correspondents (ACANU) amid the COVID-19 outbreak, caused by the novel c...
How Suburban Sprawl’s Single-Family Home Zoning Limits Housing Supply
America’s suburbs are sprawling again. Last year, single family housing starts rose to 1.123 million, the highest since 2006, according to the National Association of Home Builders, however, opt...
Wage growth may be slowing from ‘breakneck’ pace
A Now Hiring sign hangs in front of a Winn-Dixie grocery store on Dec. 3, 2021 in Miami. Joe Raedle | Getty Images The rapid pace of pay increases that characterized the labor market for much of last ...
BA.2 more contagious, but vaccinated less likely to spread it, study finds
A healthcare worker administers a Covid-19 test at testing site in San Francisco, California, U.S., on Monday, Jan. 10, 2022. David Paul Morris | Bloomberg | Getty Images The omicron BA.2 subvariant i...
Obamacare plans are more affordable, helping the Great Resignation
Workers are quitting their jobs in record numbers – part of what is now called The Great Resignation. Around 4 million workers have quit each month between July and November 2021. Erica Leman had main...
How some small businesses have survived the Covid pandemic without them
The storefront of Mark Shriner’s small business, The Coffee House, in downtown Lincoln, Nebraska. Courtesy: Mark Shriner Mark Shriner needed help. It was spring 2020, and his coffee shop in Linc...
The new BA.2 omicron subvariant is already circulating in half of U.S. states
Dr. Pierre Coulon, PhD examines microscope images of vaccinated mice in Irvine on Wednesday, February 3, 2021. Leonard Ortiz | MediaNews Group | Orange County Register via Getty Images There are alrea...
The Fed uses one inflation gauge as its North Star. Here’s why
Federal Reserve Chairman Jerome Powell speaks during his re-nomination hearing before the Senate Banking, Housing and Urban Affairs Committee on Jan. 11, 2022 in Washington. Brendan Smialowski-Pool/Ge...
60 million U.S. households have ordered free Covid tests, White House says
Home test kits, specifically iHealth COVID-19 Antigen rapid self-tests, are stacked for delivery in Boston on Jan. 5, 2022. Lane Turner | Boston Globe | Getty Images The White House on Friday said 60 ...
How The North Face is moving to compete with Patagonia
The global outdoor apparel market is a $12 billion industry. For more than a half century The North Face has competed in the space, outfitting mountain climbers and skiers. But the outdoor recreation ...
Why the stock market hates the idea of rising interest rates
Traders work on the floor of the New York Stock Exchange at the opening bell Jan. 25, 2022. TIMOTHY A. CLARY | AFP | Getty Images The specter of rising interest rates is spooking the stock market. The...
IMF sees potential for further market turbulence as central banks hike rates
The International Monetary Fund has warned of further turbulence ahead for financial markets, particularly as governments around the world shift gears into recovery mode. Central banks’ moves to...
Moderna starts clinical trial of booster shot targeting omicron Covid variant
A healthcare worker fills a syringe with Moderna COVID-19 vaccine at the Giorgio Companies site in Blandon, PA where the CATE Mobile Vaccination Unit was onsite to administer Moderna COVID-19 Vaccines...
Diversity among financial planners improved in 2021 — but it still lags
The Good Brigade | DigitalVision | Getty Images Diversity among financial planners improved in 2021 though the industry remains one that leans heavily toward white men, according to statistics issued ...
The next Covid variant will be more contagious than omicron, WHO says
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...
OSHA withdraws rule for businesses after losing Supreme Court case
The Biden administration is formally withdrawing its vaccine and testing mandate for businesses, after the Supreme Court blocked the requirements earlier this month. The Occupational Safety and Health...
Home prices surged in November, but at a slower rate, S&P Case-Shiller says
A “For Sale” sign is seen outside a home in New York. Shannon Stapleton | Reuters Even as the housing market entered its traditionally slower season in November, home prices showed big gai...
IMF cuts global growth outlook for 2022, US and China recovery wanes
The seal for the International Monetary Fund is seen near the World Bank headquarters (R) in Washington, DC on January 10, 2022. Stefani Reynolds | AFP | Getty Images The International Monetary Fund h...
Covid and JNJ earnings Q4 2021
The Janssen Johnson & Johnson COVID-19 vaccine. Allen J. Schaben | Los Angeles Times | Getty Images Johnson & Johnson on Tuesday projected that its Covid vaccine would generate $3 billion to $...
Pfizer and BioNTech launch clinical study of vaccine targeting omicron
A ten year old child receives the Pfizer-BioNTech Covid-19 Vaccine for 5-11 year old kids at Hartford Hospital in Hartford, Connecticut on November 2, 2021. Joseph Prezioso | AFP | Getty Images Pfizer...
What’s driving the spike in air rage incidents
There were more than 5,700 reports of air rage on U.S. airlines in 2021 compared with a typical year of about 100 to 150 cases. The surge in problem flyers is causing headaches for carriers, passenger...
Two years since Covid was first confirmed in U.S., the pandemic is worse than anyone imagined
People wait in line to be tested for COVID-19 at Union Station on January 7, 2022 in Los Angeles, California. Mario Tama | Getty Images A 35-year-old man returned to the U.S. from Wuhan, China on Jan....
Central banks asleep at the wheel as inflation spirals, Brazils Guedes
Brazil’s economic minister warned Friday that Western central bankers are “sleeping at the driving wheel” as economies slip deeper into a high inflation environment. Speaking to CNBC...
China’s zero-Covid policy a burden to domestic and global economy
The International Monetary Fund’s managing director said Friday that China’s zero-Covid policy is increasingly looking like a “burden,” which is impinging economic recovery bot...