Homebuilders' Sentiment Inches Higher In December In The Face Of Inflation Concerns
Homebuilders have held onto to their confident outlook on the housing market in the most recent report by the National Association of Homebuilders. However, cost concerns and inflations still weigh down expectations..
US Retail Sales Disappoint With 0.3% Growth In November Despite High Expectations For The Holidays
The latest report on U.S retail sales was a disappointment after coming up short of expectations that the holiday shopping season may boost sales.
New York Secures Victory Before Supreme Court In Fight Over Vaccine Mandate
New York scored a victory before the U.S. Supreme Court on Monday after the constitutionality of its COVID-19 vaccine mandate was upheld by the court.
VP Harris Announces Biden Administration's $8.7 Billion Investment Plan For Minority Businesses
Vice President Kamala Harris unveiled the Biden administration’s latest plans to increase economic equity through a new loan program aimed at assisting minority-owned businesses and improving their access to credit.
Wholesale Prices Hit Historical Record With 9.6% Leap Over The Last Year
Prices for wholesale goods leaped by 9.6% in the last year, according to the Department of Labor’s latest Producer Price Index. This was the fastest rise in PPI prices since the Labor Department began collecting data in 2010.
Small Business Confidence About The Future Sags In November Over Uncertainty, Higher Costs
The small business community grew more negative in its future outlook in November as inflation and high labor costs ate into their margins. Most blame rising labor costs and inflation, but national factors add to their uncertainty.
Does The New COVID Pill Approved By FDA Carry Risks For Pregnant Women?
An ingredient called molnupiravir is drawing attention to Merck's antiviral COVID-19 pill.
Why Some Hospitals Are Dropping Vaccine Mandates For Healthcare Workers
Hospitals across the United States are doing away with their own vaccine mandates as a result of a persistent labor shortage of healthcare workers, a concerning development as the new Omicron variant continues to spread.
Omicron Leaves Double Vaccinated Still At Risk Of COVID Infection, Says Study
A study by Oxford University found that fully vaccinated individuals did not have complete protection against COVID-19's newest variant.
The 'Memory' Of Your Immune System May Offer Some Protection Against Omicron Variant
COVID-19’s latest variant has left the world in another state of trepidation, but researchers suggest that after two years of the pandemic, the body's immune system may have memorized the virus enough to prevent serious infection.
November Saw Inflation Surge By 6.8%, Bringing It To 1982 Levels
Inflation in the U.S. set another somber record on Friday as consumer prices shot up to levels unseen since 1982, led by the growth in energy prices.
Parents Still Show Some Discomfort With Getting COVID-19 Vaccines For Their Children
Parents are still showing hesitation about getting their children vaccinated despite the recent approval of COVID-19 vaccines by the federal government. Many still worry that they do not know enough about the vaccines on children.
COVID In The US: FDA Greenlights Pfizer Booster Shots For Teenagers Amid Omicron Concerns
Pfizer-BioNTech’s COVID-19 booster shot received a greenlight from the Food and Drug Administration (FDA) for use in teenagers aged 16 and 17.
Concerns Heighten After Navy Reports Second Water Contamination In Hawaii
The U.S Navy has discovered a second petroleum contamination at its Pearl Harbor base in Hawaii.
US Initial Unemployment Claims Fall To 184,000, Hitting Another Record Low
In its weekly report, the Labor Department found that there were 184,000 initial unemployment claims in the last week. The last time comparable numbers were seen was the 182,000 low in September 1969.
Student Loan Debt Crisis: Lawmakers, Groups Call On Biden To Extend Pause On Borrowers' Payments
President Joe Biden is coming under renewed pressure to extend the freeze on student loan payments from congressional Democrats and outside groups, who warn that the time is not yet right to renew them.
Why The CDC's Vaccination Numbers May Be Wrong And Why It Matters
The CDC)may be sharing inaccurate data on the number of seniors who are vaccinated against COVID-19. Their numbers are not always reflected in state and outside data, raising concerns about its accuracy.
Pfizer CEO Says He Is Confident About COVID Pill's Effectiveness Ahead Of FDA Submission
Pfizer’s CEO Albert Bourla expressed confidence about the results of the data behind the manufacturer’s COVID-19 anti-viral pill ahead of its submission to the FDA. If approved, it would be the second after Merck's received the FDA's blessing.
Are Americans Ready To Change Habits Over Omicron? New Poll Suggests 'No'
Most Americans say they are not likely to change their behavior following the discovery of the new coronavirus strain.
Court Halts Mandate For Federal Contractors In Another Blow To Biden's Vaccination Strategy
President Joe Biden’s campaign to vaccinate a larger number of U.S workers against COVID-19 was dealt a new setback when a federal district court in Georgia ordered it be put on hold for federal contractors.
US Treasury Want To Shed Light On Shell Companies Days Before Biden Democracy Summit
The Treasury Department is targeting shell companies with new reporting requirements to deter their use in corruption.
Biden Calls Putin To Deliver Warning About Consequences For Any Invasion Of Ukraine
On Tuesday, President Joe Biden held a two hour long video call with Russia’s President Vladimir Putin amid a new standoff over Ukraine. The president imparted on Putin the United States and its NATO allies' resolve to punish any invasion.
US Trade Deficit Narrows 17.6% After Exports Soar In October
The U.S trade deficit narrowed sharply in October as the number of exports surged and imports remain squeezed by supply chain bottlenecks.
Hawaii At Risk of 'Catastrophic Flooding,' Landslides As Storm Lingers Over State
Hawaii is at risk of serious flooding as a powerful storm lingers over the state, the National Weather Service warned on Monday. Parts of the state have already reported power outages and floods as emergency shelters open in Oahu.
WHO Says Malaria 'Doomsday' Avoided Despite Disruption From COVID-19 In 2020
The fight against malaria narrowly dodged a calamitous “doomsday scenario” that could have meant tens of thousands of more deaths.
New York City Launches Stricter Vaccine Mandate Over Omicron, Fears Of Winter Surge In Cases
Under the new policy, adults will need to show they are fully vaccinated and children will have to receive at least one dose of a COVID vaccine.
As Fed Opens Up To Faster Taper, Speculation Rises That It Will Raise Rates Sooner Than Expected
The U.S Federal Reserve has signaled that it is likely to hasten the pace of its tapering off of its asset purchasing over inflation concerns. Now speculation is rising that an interest rate hike may be here sooner than expected.
Omicron Vs. Delta: WHO Says New COVID Strain Could Be More Contagious
The World Health Organization is warning that the new Omicron variant of COVID-19 may be more contagious than the Delta variant that has dominated concerns throughout 2021.
Jobs Fall Far Short Of Expectations, Adding Only 210,000 In November As Omicron Fears Mount
New job numbers in November failed to meet expectations after a Labor Department report found only 210,000 positions added. This was far below the expected 550,000 jobs.
New SEC Rule Finalized To Kick Foreign Companies Off Stock Exchanges Who Don't Allow Audits
The U.S Securities and Exchange Commission (SEC) has finalized a rule that would allow it to remove companies from stock exchanges if they fail to submit to an audit with a clear target in mind; China.
