Tag: COVID-19

January 12, 2024

As inflation continues to throttle back across the broad U.S. economy, some consumer categories have sunk into outright deflation. In other words: Americans are seeing prices decline for certain items. Those pullbacks have largely been among physical goods rather than […]

November 29, 2022

European stocks are likely to open on a steady note Tuesday after China reported a drop in the number of daily infections for the first time in more than a week and the country’s regulator announced new measures to support […]

August 31, 2022

After more than two and a half years of dealing with a pandemic, economic recovery is fundamental to every government’s agenda. One of the lasting effects of the COVID-19 pandemic is undoubtedly inflation, and Russia’s war in Ukraine is complicating […]

June 27, 2022

A Food and Drug Administration committee will meet Tuesday to discuss how to move forward with the next generation of vaccines ahead of a booster campaign this fall. Paying for them is another matter. Congress has so far failed to […]

June 22, 2022

There’s no question that the recent COVID-19 pandemic and Russia’s war on Ukraine have combined to disrupt the global economy. In fact, economic risks are multiplying all over the world as the geopolitical crisis continues, and investments are blocked by […]

June 8, 2022

Airlines in the UK and across Europe have been struggling to keep up with demand as travel returns to normal for many holiday destinations for the first time since the beginning of the COVID-19 pandemic and prices have shown “low […]

May 24, 2022

The US economy has faced numerous problems during the last two and a half years—from a pandemic, to rising inflation during a new geopolitical crisis. With Vladimir Putin’s Russia launching an unjust war in Ukraine, and no end to that […]

May 6, 2022

Under Armour Inc forecast full-year profit below estimates on Friday, as the sportswear maker grapples with higher transportation costs and a hit to its business from renewed COVID-19 curbs in China. Shares of Under Armour (NYSE:UA) tumbled over 21% in […]

April 18, 2022

China’s economy expanded more than expected in the first quarter, data from the National Bureau of Statistics revealed on Monday. Gross domestic product grew at a pace of 4.8 percent on a yearly basis in the first quarter. This was […]

March 15, 2022

Stocks are ticking higher on Wall Street Tuesday as inflation worries ebb a bit and oil prices slide. The S&P 500 was 0.4% higher in early trading after a report showed inflation’s rapid acceleration took a pause at the wholesale […]

February 22, 2022

More than two years have passed since the beginning of the COVID-19 pandemic, and this unprecedented healthcare crisis went on to change the way people live, work and spend their free time. Moreover, the crisis quickly escalated to disrupt numerous […]

February 11, 2022

The Treasury Department announced Thursday that the US posted a $119 billion budget surplus in January. It’s the first such surplus that the US government has enjoyed in more than two years, on the back of higher tax receipts and […]

January 24, 2022

After a poor showing on the services front since late October last year due to COVID-19 restrictions around the Omicron variant, PMI’s have extended their decline across the board (see calendar below). Both manufacturing and services have come short reflecting […]

January 14, 2022

The risk of recession is looming for Germany after Europe’s biggest economy shrank at the end of 2021 and as it faces a bumpy start to this year, with the rapid spread of COVID-19’s omicron variant deterring people from shopping […]

December 27, 2021

U.S. oil fell on Monday after airlines cancelled thousands of flights over the Christmas holidays amid surging COVID-19 cases, though Brent crude gained support from hopes that the Omicron variant will have limited impact on global demand. More than 1,300 […]

December 7, 2021

The latest data on Omicron suggest is not as dangerous as the delta covid-19 variant, according to White House chief medical advise Dr. Anthony Fauci. According to Dr. Fauci, the preliminary data is ‘encouraging’ although more data is needed to […]

November 30, 2021

Almost two years have passed since the beginning of the COVID-19 pandemic that took the world by storm. With vaccines and treatments now widely available, many are expecting the world economy to finally return to normal in 2022. However, economists […]

November 23, 2021

European stocks are likely to open lower on Tuesday as inflation and rate-hike concerns dominate headlines. Doubts about whether the Bank of England will raise interest rates in December and concerns over the spread of Covid-19 in Europe may also […]

November 22, 2021

Zoom Video Communications Inc. sales growth slowed last quarter as the extra demand for remote work and the company’s videoconferencing application eased, along with a pullback in the Covid-19 pandemic. The San Jose, Calif.-based company said its sales rose 35% […]

November 19, 2021

Despite weathering several constraints related to the COVID-19 pandemic, indeed perhaps because of them, the footwear industry is in a reshaping mode, thanks to expanded digital platforms, rising consumer spending, and pent-up demand. However, to us the sneaker giant Nike […]