Rising Delta-variant COVID-19 cases and a reduction in fiscal stimulus will create headwinds for the economy and certain stocks, David Rosenberg said.
We visited Delhi's largest Muslim cemetery, which is running out of space as India records the highest daily coronavirus count in the world.
More younger people are being hospitalized with COVID-19 in Michigan, and teens are testing positive for the virus at the highest rate of any age.
"What we don't need right now is another surge," Dr. Anthony Fauci said, calling the decisions to lift COVID-19 restrictions "ill-advised."
Israel will ban inbound and outbound flights by foreign airlines to slow the spread of COVID-19 strains. Haaretz reported the freeze will take effect early Tuesday morning and last until January 31. Emergency medical flights, firefighting planes, and legal travel will be permitted, according to the report. Visit Business Insider’s […]
The US’ COVID-19 death toll will jump by 100,000 in the coming four weeks, the next head of the Centres for Disease Control and Prevention (CDC) warned. As of Sunday, the CDC had recorded 394,495 COVID-19 deaths. That will reach 500,000 by mid-February, Dr. Rochelle Walensky told CBS. “I think […]
US stocks closed mixed on Tuesday after Congress passed a multitrillion-dollar spending bill that includes $US900 billion in new stimulus. The package, which also funds the government through September 30, includes $US600 direct payments, $US300 in additional federal unemployment benefits, and aid for small businesses. The fresh fiscal support locked […]
Germany’s successful response to the first wave of COVID-19 meant it became harder to control the virus later on, the head of its public health agency said Thursday. Some people even began to doubt the virus’ existence, he said, calling it a “prevention paradox.” People aren’t taking social distancing guidelines […]
Health officials are telling Americans to expect another spike in the number of coronavirus cases as people return from their Thanksgiving holiday travels. “We might see a surge superimposed upon that surge we’re already in,” Dr. Anthony Fauci said on NBC’s “Meet the Press.” Fauci joins a legion of health […]
US stocks gained on Friday as hopes for a peaceful transition to the Biden administration offset concerns about rising COVID-19 cases. President Trump said Thursday that, should the Electoral College rule President-elect Joe Biden the winner of the 2020 election, he’ll hand over his power. The US reported 125,082 new […]
This year, Swedish life expectancy is set to fall by 0.3 years for women and 0.5 years for men. This would be the biggest drop in life expectancy in Sweden since 1944. The expected drop is largely down to the COVID-19 pandemic, Statistics Sweden said. The country is in the […]
Spiking COVID-19 cases and slowing economic activity have led Goldman Sachs to cut its near-term growth forecasts. Economists led by Jan Hatzius predicted that US gross domestic product would grow by 3.5% in the fourth quarter, down from a forecast of 4.5%. The bank also lowered its first-quarter 2021 growth […]
A gauge of Chapter 11 bankruptcies surged 12 points to 81 in the third quarter and hit its highest level since 2010, according to a report from law firm Posinelli. The reading sits 26 points higher compared to the year-ago period but remains 19 points below the benchmark set in […]
Federal Reserve Chair Jerome Powell said Tuesday that although recent vaccine updates are “certainly good news,” the US economy faces a tough path to full recovery. Moderna and Pfizer and BioNTech recently announced their experimental vaccines were highly efficient at protecting trial patients from COVID-19. The news drove stocks to […]
US equities soared on Monday after Moderna’s encouraging vaccine update lifted hopes for a complete economic recovery. Moderna announced Monday that its experimental coronavirus vaccine was 94.5% effective at preventing COVID-19 in trial patients. Moderna plans to apply for emergency use authorization later this month. Both the S&P 500 and […]
Several states are tightening restrictions in an attempt to curtail the spread of the coronavirus as millions of Americans are expected to travel and gather for Thanksgiving. These measures come as the number of positive coronavirus cases surge across the country. Public-health experts like Dr. Anthony Fauci have said indoor […]
Just as key fiscal relief policy expired, US virus cases were rising sharply. Congress’ $US2.2 trillion CARES Act was praised as a key driver of the US economy’s initial bounce-back. But components such as expanded unemployment benefits expired in July, just as US virus cases surged and the pace of […]