Stocks Open Lower as Bond Yields Edge Higher

Stocks Open Lower as Bond Yields Edge Higher

US stock indexes fell, led by losses in technology shares, as investors shunned both government bonds and equities on worries that further interest-rate increases and China’s Covid-19 policies would weigh on growth. The S&P 500 declined 1.5%, setting major indexes up for another day of losses. The technology-focused Nasdaq Composite Index fell 1.8% while the … Read more

New study finds omicron no less severe than earlier variants, and not just more transmissible

New study finds omicron no less severe than earlier variants, and not just more transmissible

A new study conducted by researchers at Harvard Medical School among others has found that the omicron variant of the coronavirus that causes COVID-19 is just as severe as earlier variants, and not more transmissible but no less severe, as previously thought. The study was based on the records of 130,000 COVID patients in Massachusetts … Read more

New York City could bring back mask mandate, vaccine checks

New York City could bring back mask mandate, vaccine checks

Children are seen walking to school, on the first day of lifting the indoor mask mandate for DOE schools between K through 12, in Brooklyn, New York City, New York, US March 7, 2022. Brendan McDermid | Reuters New York City could bring back mask mandates and proof of vaccination status to go to restaurants, … Read more

U.S. Trade Deficit Widens to Record $109.8 Billion as Imports Surge

U.S. Trade Deficit Widens to Record $109.8 Billion as Imports Surge

Inflation, supply imbalances and strong demand for imported goods widened the US trade deficit to a record in March, with clothing, computers, and vehicles driving the surge. The trade gap in goods and services widened by 22.3% in March from the prior month to a seasonally adjusted $109.8 billion, the Commerce Department said Wednesday. Before … Read more

Pfizer Paxlovid prescriptions to treat Covid increased tenfold in U.S.

Pfizer Paxlovid prescriptions to treat Covid increased tenfold in U.S.

Paxlovid, a Pfizer’s coronavirus disease (COVID-19) pill, is seen manufactured in Ascoli, Italy, in this undated handout photo obtained by Reuters on November 16, 2021. Pfizer | Handout | via Reuters Pfizer on Tuesday said prescriptions for its oral antiviral to treat Covid-19 have increased nearly tenfold in the US since late February, as more … Read more

Omicron caused spike in deaths in vaccinated people, analysis finds, though unvaccinated remain most at risk

Omicron caused spike in deaths in vaccinated people, analysis finds, though unvaccinated remain most at risk

The omicron variant of the coronavirus that causes COVID-19 that has swept across the US since late last year has taken a grimmer toll than earlier variants, including in people who were vaccinated and even had booster shots. That’s according to a Washington Post analysis of data from the Centers for Disease Control and Prevention, … Read more

Omicron caused spike in deaths in vaccinated people, analysis finds, though unvaccinated remain most at risk

Omicron caused spike in deaths in vaccinated people, analysis finds, though unvaccinated remain most at risk

The omicron variant of the coronavirus that causes COVID-19 that has swept across the US since late last year has taken a grimmer toll than earlier variants, including in people who were vaccinated and even had booster shots. That’s according to a Washington Post analysis of data from the Centers for Disease Control and Prevention, … Read more

Covid Pfizer (PFE) earnings Q1 2022

Covid Pfizer (PFE) earnings Q1 2022

Albert Bourla, chief executive officer of Pfizer pharmaceutical company, arrives to ring the closing bell at the New York Stock Exchange. Drew Anger | Getty Images Pfizer on Tuesday slashed its 2022 earnings guidance, despite reporting first quarter results that beat on the top and bottom line due to strong Covid vaccine and antiviral sales. … Read more

10-Year Treasury Yield Hits 3% for First Time Since 2018

10-Year Treasury Yield Hits 3% for First Time Since 2018

The worst bond rout in decades hit a new milestone Monday, with the yield on the 10-year Treasury reaching 3% for the first time since late 2018. The yield on the benchmark 10-year Treasury note, which rises when bond prices fall, surged at the start of US trading and reached as high as 3.008% in … Read more

CDC says adenovirus may have caused Alabama outbreak of severe hepatitis in children

CDC says adenovirus may have caused Alabama outbreak of severe hepatitis in children

Adenovirus structure, computer illustration showing the surface structure of the virus’ outer protein coat (capsid). Kateryna Kon | Science Photo Library | Science Photo Library | Getty Images US health officials said adenovirus may have caused an outbreak of severe hepatitis that afflicted nine children in Alabama in February. All nine kids with severe acute … Read more