COVID-19
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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Shanghai residents question human cost of China’s Covid quarantines
The metropolis of Shanghai, where many foreign businesses are located, entered a two-part lockdown this week as municipal authorities sought to control an outbreak in China’s worst Covid wave in two years. Hector Retamal | Afp | Getty Images Lu, 99, was a long-time resident at Shanghai’s Donghai Elderly Care hospital, her loved ones secure […]
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Wild inflation will hurt all financial assets, market researcher Jim Bianco warns
There may be no escape from the bond market turmoil — even for stock investors. Market researcher Jim Bianco warns critical Federal Reserve policies to control wild inflation will inflict widespread losses on Wall Street. “Eventually, this is going to come back and hurt all financial assets,” the Bianco Research president told CNBC “Fast Money” […]
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Here’s why people are still flipping out on airliners
Incidents involving unruly passengers in the United States are decreasing. But the good news may end there. On average, there were about 500 reports of unruly passengers per month in 2021, according to the U.S. Federal Aviation Administration. In the first three months of 2022, this number fell to about 350 reports per month, according […]
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China’s smartphone market could plunge 20% as Covid cases spike — but Apple may see growth
China’s smartphone market could decline in the second quarter as the country experiences a resurgence of covid cases, analysts said. But Apple could fare quite well, the analysts said as it continues to attract users in the high-end of the market. Future Publishing | Future Publishing | Getty Images China’s recent surge in Covid cases […]
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Attorney General Merrick Garland tests positive for Covid hours after event with FBI director, other top officials
U.S. Attorney General Merrick Garland announces enforcement actions against Russia, during a news conference at the Justice Department in Washington, U.S., April 6, 2022. Elizabeth Frantz | Reuters Attorney General Merrick Garland tested positive for Covid on Wednesday, just hours after speaking in person at a news conference alongside FBI Director Christopher Wray and other […]
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Commerce Secretary Gina Raimondo tests positive for Covid after attending politician-packed D.C. Gridiron dinner
Commerce Secretary Gina Raimondo testifies before a Senate Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies hearing on Capitol Hill in Washington, D.C., U.S., February 1, 2022. Andrew Harnik | Reuters Commerce Secretary Gina Raimondo tested positive for Covid on Wednesday, making her the latest official to catch the virus after attending a swanky […]
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