Pandemic

The President Donald Trump administration terminated a nearly $600 million contract to Moderna Inc. (NASDAQ:MRNA) for developing an mRNA-based bird flu vaccine, ending a key former President Joe Biden-era pandemic preparedness initiative. What Happened: Health and Human Services officials canceled...

On Thursday, Amazon.com, Inc. (NASDAQ:AMZN) CEO Andy Jassy predicted a potential shift in consumer behavior reminiscent of the pandemic era while asserting that the e-commerce giant is doubling down on affordability. What Happened: During Amazon's first-quarter earnings call, Jassy addressed...

The U.S. stock market is exhibiting a “risk-off” sentiment as the gold-to-silver ratio triggers a warning signal reminiscent of the 2020 and 2008 crises, according to analysis from Bravos Research. What Happened: In an X thread, the firm highlighted a recent breakout in the gold-to-...

The CBOE Volatility Index, also known as the “fear gauge,” has spiked over the last few days, raising investor concerns about the direction in which the stock market is headed. These analysts identify historical patterns of the VIX spike similar to the Global Financial Crisis and the...

In their first debate for the 2024 election, Vice President Kamala Harris criticized former President Donald Trump for severe unemployment during his tenure, as well as his economic policies and handling of the COVID-19 pandemic. What Happened: “Donald Trump left us the worst unemployment...

The U.S. economy has remained resilient in recent years as consumers spent their COVID-19 pandemic savings, but that financial cushion has worn thin and is no longer able to play a key role in propping it up, economists say. The Federal Reserve Bank of San Francisco estimated in May that pandemic...

The pandemic-induced surge in yacht sales is now showing signs of a reversal, with many buyers from the COVID-19 era now putting their vessels up for sale. This trend has led to a slight drop in prices, signaling a shift in the yacht market. What Happened: The pandemic saw a significant increase in...

CNBC’s “Mad Money” host Jim Cramer urged investors to reflect on the stock market’s performance during the pandemic to gain a deeper understanding of the current economic climate. What Happened: On Thursday, Cramer suggested investors should revisit the pandemic era to...

The 66th Annual Grammy Awards, featuring a historic night for Taylor Swift, saw a significant surge in viewership, marking the highest numbers since the pre-pandemic show in 2020. What Happened: The Grammys, which aired on Sunday, drew an average of 16.9 million viewers, a 34% increase from the...

Cases of norovirus, sometimes called the “winter vomiting disease,” are on the rise in multiple states throughout the U.S. The virus causes stomach pain, vomiting and diarrhea and has been linked to outbreaks at restaurants such as the one at a sushi restaurant in North...

In a significant shift, corporate bankruptcies are rapidly increasing in most developed economies. This rise is attributed to the receding pandemic-era support and increasing borrowing costs. What Happened: As reported by the Financial Times on Monday, there has been a 30% upsurge in corporate...

In the coming year, former White House chief medical advisor, Anthony Fauci, is expected to testify before Congress concerning the origins of COVID-19 and the US response to the pandemic. What Happened: As reported by The Hill, Fauci will be a part of an ongoing investigation into the COVID-19...

In the months since Los Angeles County's COVID-era eviction restrictions expired in March, landlords have filed an estimated 50,000 eviction lawsuits, according to the Los Angeles Controller's Office.  This news comes at a difficult time for a city that's already struggling with a homelessness...

Stanford University has announced its intention to give back the substantial sums it accepted from the now-insolvent cryptocurrency platform, FTX (CRYPTO: FTT) and its associated companies. “We have been in discussions with attorneys for the FTX debtors to recover these gifts and we will...

Amazon.com, Inc. (NASDAQ:AMZN) CFO Brian Olsavsky said during the first-quarter earnings conference call the company is working hard and making progress at improving operating margins to pre-pandemic levels but noted: “It's a longer road than bouncing back in one or two quarters.”...