U.S. Economy
Countries are not doing enough to contain monkeypox outbreak, epidemiologist says
There are grave concerns that the U.S. and other countries are not doing enough to contain monkeypox from becoming a large scale global outbreak, according to an infectious disease epidemiologist. Over the weekend, the World Health Organization activated its highest alert level for the virus, labeling monkeypox a public health emergency of international concern. The […]
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Travelers should act now to capitalize on a strong dollar for trips abroad, says travel editor: ‘Don’t be too greedy’
Glowimages | Glowimages | Getty Images It’s a good time to be an American traveling abroad. The value of the U.S. dollar has been at its strongest in years relative to many major global currencies of late— meaning travelers can buy more overseas than in the recent past. Put another way, Americans are effectively getting […]
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WHO declares rapidly spreading monkeypox outbreak a global health emergency
Pavlo Gonchar | Lightrocket | Getty Images The World Health Organization has activated its highest alert level for the growing monkeypox outbreak, declaring the virus a public health emergency of international concern. The rare designation means the WHO now views the outbreak as a significant enough threat to global health that a coordinated international response […]
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How the Fed’s escalating fight against inflation is hitting the hot housing market
The Covid-19 pandemic caused chaos in the U.S. housing market, with prices skyrocketing, inventories dwindling and intense bidding wars. Then came record inflation, which drove the price of everything higher. The U.S. Federal Reserve, though, is waging an intense fight against rising prices, using interest rates as its primary weapon. A side effect of raising […]
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Biden administration considering public health emergency in response to monkeypox outbreak
The Biden administration is considering declaring a public health emergency in response to the growing monkeypox outbreak, a senior White House health official said on Friday. Dr. Ashish Jha, the White House Covid response coordinator, said the administration is looking at how a public health emergency declaration might bolster the U.S. response to the outbreak. […]
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Polio case confirmed in New York state, health-care providers told to look for more infections
Polio virus, illustration. Each virus particle is composed of a protein coat around a core containing RNA genetic material. This virus infects children and causes the disease poliomyelitis or infantile paralysis. Roger Harris/science Photo Library | Science Photo Library | Getty Images The New York State Health Department confirmed a case of polio on Thursday, […]
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Mortgage demand drops to a 22-year low as higher interest rates and inflation crush homebuyers
The pain in the mortgage market is only getting worse as higher interest rates and inflation hammer American consumers. Mortgage demand fell more than 6% last week compared with the previous week, hitting the lowest level since 2000, according to the Mortgage Bankers Association’s seasonally adjusted index. Applications for a mortgage to purchase a home […]
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Shares of Bath & Body Works fall after company lowers sales guidance, citing more cautious consumers
Bath & and Body Works entrance. Jeff Greenberg | Getty Images Shares of Bath & Body Works fell Wednesday after the company lowered its sales and earnings outlook, citing a more challenging macroeconomic environment. “Our data indicates that customers, particularly lower income customers, have become more cost conscious and are limiting purchases,” the company said […]
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Op-ed: Goldman Sachs CEO David Solomon on what Main Street and the economy need from Congress
Pawel Toczynski | The Image Bank | Getty Images The U.S. economy is going through one of the most difficult periods I’ve seen in my 40-year career. Inflation, labor shortages, supply chain disruptions — all of them are hitting big business hard and small businesses even harder. And so this week, at Goldman Sachs’ 10,000 Small […]
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CDC panel unanimously recommends Novavax Covid-19 vaccine for adults
In this photo illustration a silhouette of a man holding a medical syringe and a vial seen displayed in front of the Novavax logo on a screen. Cezary Kowalski | Lightrocket | Getty Images The Centers for Disease Control and Prevention’s independent advisors recommended Novavax’s two-dose Covid-19 vaccine as a primary series for adults on […]
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