COVID-19
Fauci says U.S. is transitioning out of ‘pandemic phase’
Dr. Anthony Fauci expressed optimism about the state of the pandemic in the U.S. on Tuesday. “We are certainly right now in this country out of the pandemic phase,” Fauci, the White House’s chief medical adviser and director of the National Institute of Allergy and Infectious Diseases, told PBS NewsHour. He later told The Washington Post that the […]
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WHO says weekly Covid deaths have dropped to lowest level since March 2020
The World Health Organization on Tuesday said weekly new Covid deaths have fallen to the lowest level since March 2020, but warned a global decline in testing for the virus could hinder its efforts to fight the pandemic. The world recorded 15,668 new deaths in the last seven days, with Europe and the Americas representing […]
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Three reasons why this struggling fintech stock may break out of its slump
PayPal tumbled 16% this week, but one top analyst is making a bullish long-term case for the struggling stock. The company’s underperformance follows leadership uncertainty. PayPal’s chief financial officer, John Rainey, announced last week he’ll leave the company in late May. Yet, Bruderman Asset Management’s Akshata Bailkeri made an optimistic case for PayPal on CNBC’s […]
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5-year Treasury yield hits 3% following Powell’s comments on rate hikes
The 5-year U.S. Treasury yield topped 3% on Friday, after Federal Reserve Chairman Jerome Powell’s suggestion that a 50-basis-point rate hike could be in the cards in May. The yield on the 5-year Treasury note was last down 4 basis points at 2.937%. Earlier in the day it climbed as high as 3.05% and was […]
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Industrial output in Shanghai dropped 7.5% in March, city official says
A worker works at a production line in Qingpu district of east China’s Shanghai 211027. Industrial output in the city dropped by 7.5% year-on-year after stringent lockdown measures halted production in some factories, the city’s official said on Friday. Ding Ting | Xinhua News Agency | Getty Images Industrial output in Shanghai, China’s financial hub, […]
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South Korea’s new central bank governor flags weaker growth
South Korea’s new central bank governor Rhee Chang-yong said the Ukraine crisis, U.S. monetary tightening, and Covid-19 resurgence in China as near-term factors weighing on economic growth amid persistently high inflation. Bloomberg | Bloomberg | Getty Images South Korea’s new central bank governor Rhee Chang-yong said on Thursday that economic growth is expected to weaken […]
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New York Gov. Hochul warns of ‘rising tide’ of Covid cases as omicron subvariants drive spike in infections
Kathy Hochul, governor of New York, speaks during a news conference in New York, on Tuesday, Sept. 21, 2021. Mark Kauzlarich | Bloomberg | Getty Images Two mutated strains of the highly transmissible omicron variant of Covid-19 are the main culprits behind a “rising tide” of infections in New York, Gov. Kathy Hochul said Wednesday. […]
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Container shipping could rebound by late April as Covid eases in China, shipping investment firm exec says
The container shipping industry could see a “very strong” pickup starting late April as the Covid situation in China eases, Tim Huxley, founder of Mandarin Shipping, told CNBC’s “Street Signs Asia” on Monday. Shanghai has been on lockdown since last month because of a rise in Covid-19 cases. The city, also home to the world’s […]
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Shanghai turns residences into Covid isolation facilities, sparking protest
Medical workers in protective suits check a child patient as they conduct ward rounds at Shanghai New International Exhibition Hall, which has been turned into a makeshift hospital for the coronavirus disease (COVID-19), in Shanghai, China April 9, 2022. China Daily | Reuters Shanghai is converting residential buildings into quarantine centers to house a mounting […]
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China’s producer and consumer inflation rose faster than expected in March
A worker works on a bread production line in Zaozhuang, East China’s Shandong Province, April 7, 2022. China’s factory inflation slowed but beat expectations in March, official data showed on Monday. Costfoto | Future Publishing | Getty Images China’s factory inflation slowed but beat expectations in March, official data showed on Monday, as the country […]
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