U.S. Economy
CDC urges older Americans to get Covid booster shots as hospitalizations soar again
Shana Alesi administers a second COVID-19 booster shot to Army veteran Robert Hall at Edward Hines Jr. VA Hospital on April 01, 2022 in Hines, Illinois. Scott Olson | Getty Images The Centers for Disease Control and Prevention this week urged older Americans to get a Covid booster shot to increase their protection against the […]
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Dr. Scott Gottlieb says rising monkeypox cases suggest it’s spread ‘pretty wide’
The rising number of monkeypox cases in the U.S. and Europe suggest the virus has already spread widely across communities, but it won’t likely cause a major epidemic like Covid, Pfizer board member and former FDA Commissioner Dr. Scott Gottlieb told CNBC on Friday. “Now that there’s been community spread, it may be hard to […]
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Health officials confirm first U.S. case of monkeypox virus this year in Massachusetts
Health officer uses a thermal head to detect a monkeypox virus on arriving passengers at Soekarno-Hatta International Airport in Tangerang near Jakarta, Indonesia on May 15, 2019. Jepayona Delita | Future Publishing | Getty Images U.S. health officials late Wednesday confirmed a case of the monkeypox virus in Massachusetts, the first to be reported across […]
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CDC panel recommends Pfizer booster shot for kids ages 5 to 11 as Covid cases rise across the U.S.
The Centers for Disease Control and Prevention’s independent vaccine experts recommended a Pfizer Covid booster shot for children ages 5 to 11 on Thursday, as infections rise across the country and immunity from the first two doses wanes off. The committee voted 11-1 in favor of a booster for the age group. CDC Director Rochelle […]
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‘A dereliction of duty:’ U.S. lawmakers grill FDA commissioner over baby formula shortage
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. Bill Clark | CQ-Roll Call, Inc. | Getty Images U.S. lawmakers on Thursday grilled Food and Drug Administration Commissioner Dr. Robert Califf about a nationwide […]
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How relocating Americans created new inflation hot spots
Americans moved around a lot over the past two years, and those destinations also now happen to have the highest inflation rates in the U.S. “We saw right away that inflation was highest in Phoenix and lowest in San Francisco,” Redfin deputy chief economist Taylor Marr told CNBC. The relationship between migration and inflation has […]
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U.S. stocks could fall another 15% as earnings falter, strategist says
After a steep sell-off on Wednesday pushed the S & P 500 to the brink of bear market territory, one strategist warns there could be more pain ahead. The plunge came after Target fell well short of Wall Street’s earnings expectations as soaring inflation began to eat away at margins. The report sent the retail […]
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The euro is nearing parity with the dollar: Here’s what it could mean for investors
The euro sign sculpture stands outside the former European Central Bank (ECB) headquarters in Frankfurt, Germany, on Sunday, July 3, 2016. Krisztian Bocsi | Bloomberg | Getty Images The euro is nearing parity with the U.S. dollar for the first time in 20 years, but currency strategists are divided on whether it will get there, […]
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Scared of getting a mortgage? A strategist reveals the 1990s gadget that gives her cause to be optimistic
Historic row houses in Columbia Heights neighborhood of Washington, D.C. amedved | iStock | Getty Images One strategist has told CNBC why she thinks it’s still a “relatively good environment” to borrow money, including mortgages, despite rising interest rates. Kristina Hooper, chief global market strategist at Invesco, told CNBC’s “Squawk Box Europe” on Friday that […]
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CDC now investigating 180 cases of kids with acute hepatitis of unknown cause
The Centers for Disease Control and Prevention (CDC) headquarters in Atlanta, Georgia. Tami Chappell | Reuters The Centers for Disease Control and Prevention is now investigating 180 cases of children who suddenly developed severe hepatitis across 36 states and territories, an increase of 71 cases since the public health agency’s last update earlier this month. […]
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