Futures slump on fresh Omicron worries after vaccine warning
U.S. stock index futures fell sharply on Tuesday after a warning from vaccine maker Moderna’s chief executive on the effectiveness of COVID-19 shots against the Omicron variant hammered travel, energy and banking shares.
Stocks lurch lower, bonds jump as virus variant spooks investors
Stocks suffered their sharpest drop in three months in Asia on Friday and oil tumbled after the detection of a new and possibly vaccine-resistant coronavirus variant sent investors scurrying toward the safety of bonds, the yen and the dollar.
Biden imposes new international travel vaccine rules, lifts existing restrictions
U.S. President Joe Biden on Monday signed an order imposing new vaccine requirements for most foreign national air travelers and lifting severe travel restrictions on China, India and much of Europe effective Nov. 8, the White House said.
Dollar languishes near one-week low after consumer sentiment blow
The dollar held near a one-week low versus major peers on Monday, after slumping the most in almost seven weeks on Friday as diving U.S. consumer confidence hurt bets for an early tightening of Federal Reserve policy.
U.S. consumer prices post largest gain in 13 years; inflation has likely peaked
U.S. consumer prices increased by the most in 13 years in June amid supply constraints and a continued rebound in the costs of travel-related services from pandemic-depressed levels as the economic recovery gathered momentum.
S.Korea COVID-19 vaccine rollout grinds to halt as new cases hit record high
South Korea’s rollout of COVID-19 vaccinations to people aged 55-59 has stuttered to a week-long halt after a record high number of new cases sparked a rush for shots, exhausting available supplies and crashing an official reservation website.
A family’s vaccine hopes shattered in Brazil
As newly vaccinated people in countries such as the United States and Britain celebrate their freedom from the pandemic, the shots are coming too late for others in the rest of the world. A vicious COVID-19 variant cut through three generations of the large, close-knit Cunha family in Brazil. Within the space of six weeks, several would be intubated and four would die.
What you need to know about the coronavirus right now
Here’s what you need to know about the coronavirus right now.
‘Meme stock’ rally pauses, Redditors focus on biotech stocks
Small-time stock traders turned their attention to the biotech and healthcare sectors on Monday, lifting shares of some by as much as 10%, while the rally in stocks that were favored in recent weeks appeared to fade.
U.S. to donate 500 million Pfizer doses to poor nations
The United States will spend $3.5 billion to buy and donate 500 million doses of the Pfizer (PFE.N) coronavirus vaccine to some of the world’s poorest countries, it said on Thursday, urging other G7 nations to follow suit.
